Chebel Mina, Orange County Mortgage Advisor

12/07/2024

France,, you did it again! The world owes you a big debt for bringing back Notre Dame de Paris

On April 15, 2019, a major fire devastated the Notre-Dame Cathedral in Paris. After five years of reconstruction work, the UNESCO world heritage site reopens...

05/24/2024

Somebody sent me a jar of kind notes. They did not identify themselves. I like today's note. Thank you whoever you are. May life be kind to you

01/05/2023

Is your home in need of a facelift?
Would a pool be the perfect addition to your backyard?
Are you interested in building an ADU to rent out for supplemental income?
Did you know that you can use your home's equity to finance these improvements?
With a home equity line of credit (HELOC), you can borrow what you need in order to make these home improvements without touching your first mortgage.
That's right, you can keep the low rate you've locked in with your initial mortgage!
We offer:

✔ line amounts up to $500,000
✔10- year interest only draw period
✔ LTV up to 90%

Give us a call today and let's discuss if a HELOC is right for you!

12/28/2022

Lock in your rate TODAY! 🔒
Did you know we have mortgage calculators on our website? You can use these calculators to get an idea of what your monthly mortgage payment might look like.
Click the link in our bio to explore your options today!

12/21/2022

I bet you didn't know...

12/14/2022

There's nothing quite like the feeling you get when you share a gift with a loved one, but if we're being honest we all love being on the receiving end of a gift as well.
As a homeowner, the perfect gift may already be right under your nose, or more accurately, under your roof!
Never before in history have home prices risen so fast and so high!
Today's homeowners can use this to their advantage by unlocking their equity and putting it to work.
Have you had a kitchen remodel on your holiday wish list for far too long? Do you have visions of sugarplums (or dollar signs) dancing in your head? Call us today and let's work some Christmas magic!

12/07/2022

What is a credit score?
Lenders use your credit score (along with your employment history, income ad their own internal scoring systems) to determine whether or not they will lend you money or extend credit.
There are 2 primary credit scoring methods that you need to know about: FICO and VantageScore. Each is used to determine your creditworthiness (how likely you are to repay your loan) along with your interest rate, length of the loan, and even how much you can borrow. Both FICO and VantageScore use a range of 300-850 to determine this, with a higher score showing you are fiscally responsible and the risk of lending to you is low.
Now that we've gotten that out of the way, as promised, here are some quick credit tips:

1. Pay on time, every time. Even if you are making the bare minimum payment, meeting that debt obligation is key to building good credit!

2. Pay off bills with the highest interest first. You'll reduce the amount you pay in interest over time, saving you money in the long run.

3. Or, conversely, pay off the smallest bills first. This is the theory behind Dave Ramsey's Debt Snowball Plan: You'll see results quickly so stay motivated!

4. Put "bonus funds" toward paying down your debt. This includes a bonus from work, a tax refund, or any other lump-sum payment you receive. (But only if you have a savings cushion built up first!)

Are you interested in seeing how your current credit score might affect a new mortgage? DM us today and let's take a look together!

11/30/2022

Every year the Housing and Economic Recovery Act requires that the baseline conforming loan limits for enterprises be adjusted to reflect the change in the average U.S. home prices... Today is that day! The Federal Housing Finance Agency (FHFA) has announced the new loan limits for 2023! We are seeing a jump of $79,000 from 2022 landing us at $726,200.

Call us today to find out what this could mean for you!

11/29/2022

11/24/2022

Happy Thanksgiving from our family to yours!

11/23/2022

Over the past few years, many homeowners have seen their equity grow dramatically thanks to rising home values... Does that include you?
Luckily, your home equity does not need to stay tied up in your house. Want to take that vacation you've been dreaming about? Ready to send your kids to college? Maybe you'd like to purchase an additional home and would like to use your current home's equity as your down payment... the possibilities are endless!
Want to learn how you can cut into your slice of the pie? Send us a DM today!