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💡 Want to lower your monthly mortgage payments without refinancing? Consider a Mortgage Recast! By making a large principal payment, you can reduce your monthly payments while keeping your interest rate and loan term the same—all for a low fee of $100-$150. It's perfect for those who’ve sold a property, received a significant bonus, or equity payout. Recasting avoids the expenses and hassle of refinancing while maintaining your existing loan conditions. #BrettHomeLoans #FocusedonYou #DirectorsMortgage #MortgageRecast

How does a Purchase Plus Improvements Mortgage work? With a Purchase Plus Improvements loan, the borrower can obtain additional financing for renovations as part of the mortgage. Lenders require a quote or estimate for the improvements, which are then factored into the loan amount. The lender releases the funds for the improvements in stages, often after verifying the completion of the work. A borrowers down payment is calculated based on the new total of Purchase price + improvements. Ex. $500,000 + $100,000 = $600,000 Down payment is calculated based on the $600,000 and not the purchase price of $500,000. This could be perfect for you, call me today! 📲 (204)930-3672 📧 mortgagesbykatrina@gmail.com 💻 mortgagesbykatrina.ca #mortgage #mortgageplusimprovements #mortgagerates #mortgageadvice #mortgagebroker #firsttimehomebuyer #equity #Elmwood #Southdale #transcona #dreamhome #financialfreedom #NewBeginnings #preapproved

Is your mortgage working for you? Mortgage Brokers represent you, the customer, not the lender. Because they are not employees of a lending institution, Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation. Let’s chat about current market rates and compare potential products that could save you money on your monthly payments. DM or text interested to begin! Powered by Edge Home Finance Corporation, NMLS# 891464 #mortgage #mortgagebroker #loanoriginator #realestate #markettrends #trendingpost

Applying for a mortgage? Here's what you need to know: 1. Apply to lenders: Provide evidence of repayment capability like bank statements and tax returns. Expect a credit check. 2. Approval: Get offered a loan amount and interest rate. Pre-approval gives you an edge in a competitive market. 3. Closing: Finalize the deal with a down payment. Seller transfers ownership, and you sign remaining documents. Navigating the mortgage process can be complex, but it's worth it in the end! 🏡💼 #Mortgage #HomeBuying #FinancialEducation"

What Are Mortgage Points? Mortgage points play a role during the loan closing process and are part of the closing costs. They can be classified into two categories: origination points and discount points. Origination points are utilized to compensate the lender for creating the loan, while discount points are employed to reduce the interest rate on the mortgage. Origination points are fees paid by buyers to the lender as a form of payment for processing the loan. On the other hand, discount points enable buyers to lower their loan's interest rate by making an upfront payment. Typically, mortgage points amount to 1% of the total loan value. One can employ the annual percentage rate (APR) as a useful tool to compare loans with varying points and interest rates. Talk to us for more information about Mortgage Points. #Mortgage #Toronto #TD #mortgages #MortgageLoans #mortgagelender #finance #Mortgagespecialist

Mortgage rates are going down, and the housing market is changing. In this episode of A&D Digest, we discuss the ongoing drop in mortgage rates and how it presents new opportunities for brokers and loan officers to increase submissions.    Mark Glaser, a mortgage expert with 25+ years of experience and A&D Mortgage LLC's Wholesale Team Manager shares key insights on what’s happening in the industry and how you can adapt to help your clients get the best deals. Watch the full episode here: https://lnkd.in/dYfHPABj Become our Partner: https://lnkd.in/e2s6qM_x #ExpertsADM #Mortgages #RealEstate #MarketInsights #Finance

COMMON MISTAKES to avoid during the mortgage process: • Don’t make any cash deposits • Don’t make any large purchases on your credit cards • Don’t co-sign a loan for anyone • Don’t change bank accounts • Don’t apply for new credit cards or loans • Don’t buy or lease a car without first talking to the Noble Mortgage Team Request your free mortgage consultation now at 917-397-3000. #freemortgageconsultation #firsttimehomebuyer #fhamortgage  #conventionalmortgage #currentinterestrates #mortgagerates #investmentloans #mortgageprequalification #mortgagepreapproval.

Turning challenges into triumphs in the mortgage world! Being more than just about locking in better rates or terms, I strive to be the go-to resource for mortgage solutions when clients are in need – that's where I add value. A complex scenario involving a gift of equity, clearing existing liens while managing multiple properties and maintaining favorable debt-to-income ratios all this in a #jumbo loan world yet finding best terms and finding the best suitable jumbo lender for this scenario that can give best client experience. Closed the deal seamlessly. And the cherry on top? Happy client and their enthusiastic review!#Mortgage #JumboLoan #ClientSatisfaction

Myth: Monthly payments will be what you saw online. Reality: Online mortgage calculators provide estimates, but actual payments may vary due to taxes, insurance, and other factors. We're all about real numbers at NewFed Mortgage. While we do offer mortgage calculators on our website, we ALWAYS recommend that you request a detailed loan estimate from a loan officer like myself to get an accurate understanding of what your monthly mortgage payments could be. ?? I'm here to help when you're ready! #mortgage #mortgagelender #mortgagemyth #mortgagecalculator

Exciting news for mortgage companies and borrowers! 🔮✨ The new VA Servicing Purchase program is set to launch by next month, with over 40,000 borrowers eligible for submission requests. Here's my prediction and commentary on this development: - This program could streamline processes and provide more opportunities for borrowers to secure VA loans. - Mortgage companies have a chance to assist a significant number of borrowers in accessing this new program efficiently. - We can expect an increase in VA loan applications and approvals, boosting the real estate market. - Stay tuned for more updates on how this program will impact the mortgage industry! #FinancialEmpowerment #RealEstateInvesting #InvestSmart #MortgageServices