Monse Ortiz NMLS #2248574

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United States
Tracy, CA
Monse Ortiz NMLS #2248574

Mortgage Loan Consultant

03/22/2025

I made a wish

10/03/2023

Woohoo! In escrow on an investment property for Gabriel. Super excited for this repeat investor!

Finally found the perfect home to make that investment in. Shout out to Abel for such an awesome listing!

Patience is virtue, and I have been working with Gabriel since January! Happy to have been helping all along but even more happy to get closed on his investment property.

Monse Ortiz
NMLS 2248574
Loandepot
510-501-1031

09/07/2023

Debt-to-income ratio (DTI) is a personal finance measure that compares an individual's debt payment to his or her overall income. It's often used by lenders when deciding whether to approve a loan, as it provides an indication of a borrower's ability to manage monthly payments and repay the borrowed amount.

DTI is calculated by dividing the total recurrent monthly debt payments (including mortgage, auto loans, credit card payments, student loans, etc.) by the borrower's gross monthly income - the income before taxes and other deductions. The result is then expressed as a percentage.

The goal is to teach so that when it comes to buying you’re able to have all the knowledge required! Sometimes learning about buying a home is knowing the terminology used! Hope this helps! 🙂

Happy home shopping! 🏠

As always, if you need a loan call me!! 📞
Monse Ortiz
LoanDepot
NMLS 2248574
510-501-1031

08/24/2023

REAL ESTATE INVESTORS!! 📣
Looking for a new investment type loan? Take a dive into a DCSR loan!!

DSCR (Debt Service Coverage Ratio) loan is a type of commercial real estate loan that takes into account the income generated by the property to determine the borrower's ability to repay the loan. The DSCR is a financial ratio that measures the property's ability to generate enough cash flow to cover the annual debt payments, including principal and interest, as well as any other property expenses.

A minimum for a property's net operating income must be at least 1.0 time the annual debt obligations.

DSCR loans are commonly used for financing income-generating properties, such as rentals. This type of loan is particularly useful for borrowers who may not have strong personal incomes or credit histories, as the property's income is the primary consideration for loan approval.

-Can close multiple loans at the same time
-Available for 5-8 unit properties with up 70% LTV
-Max loan amounts of $1,500,000
-Up to $500,000 Cash Out
-No limit on properties owned and you can finance up to 10 properties
-Can qualify for interest only payments. Great for qualification and cash flow purposes
-First time investors allowed- Up to 75% LTV
-Can close in and LLC, Partnership, or Corp
-No Mortgage insurance
-No personal income, verification of employment or DTI Calculation

As always, if you need a loan give me a ring!
Monse Ortiz
NMLS 2248574
LoanDepot
510-501-1031

08/17/2023

Hey realtor friends! LoanDepot has 2 upcoming events in the next week and I would like cordially invite you!! Same event on two different days so if you can’t make it to one you can absolutely make it to the other!! Join us for an action packed hour learning how to expand your client base with unique products and programs!! Then rolling onto happy hour and networking! It will be a great event!!

Programs to be discussed:
-Bank Statement Loans
-Investor Loans
-Asset Depletion Program
-Bridge Loans
-Foreign National Loan
-Career Professionals Program

Space is limited, please RSVP to me or Elizabeth Weaver at 209-323-7934

Need a loan? I’m your girl!!
Monse Ortiz
NMLS 2248574
Loandepot
510-501-1031

07/26/2023

Interest rates… let’s talk about them!

Interest is the cost of borrowing money, you will see this when you borrow money for personal use, credit cards, car payments and homes!!

We’ve all been hearing it for the last year and a half “interest rates are high” and sure, compared to a few years ago, they are higher. Historically though, interest rates sit at a pretty average low. You read that right… they are still considered relatively low. Why am I telling you this? Well, because, I would like for you not to be afraid of the interest rate!!

Think about it this way, when deciding to purchase a home, it is important to understand that the most important factor really is… Can you afford the monthly mortgage payment?!

While both the mortgage payment and interest rate are important factors to consider when obtaining a mortgage, it is generally true that having a payment that fits within your budget is more crucial than the specific interest rate. This is because the mortgage payment is what you will be paying each month, directly affecting your cash flow and financial stability.

So really, the question is: What’s my comfortable monthly mortgage payment?

As your mortgage consultant my job is to guide you through the loan process and really understand what your goals are when buying a home, especially to honor that comfortable monthly mortgage payment!

Would you like to get the loan process started? Here’s my website!
Loandepot.com/monseortiz

Have more questions? Call me!
Monse Ortiz
NMLS 2248574
Loandepot
510-501-1031

Address

145 W 10th Street
Tracy, CA
95376

Telephone

+15105011031

Website

http://loandepot.com/monseortiz

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