Nicole Reynolds’ Post

Kelly recently managed to get a bridging loan arranged, completed and the finance in place in just 19 working days. We often get offers from lenders quickly but to get the whole loan in place so fast is rare! It helps to present the case in the best light: ✅attention to detail on the application, ✅having the evidence lenders need ready, ✅making sure the case is likely to meet lenders’ criteria before wasting time applying and ✅reacting quickly if any additional information is requested during processing. This is where a broker can add value to your property team. We have a large admin team that are on hand to chase cases and make sure the deal goes through without mistakes or errors that can cause delays. YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. There may be a fee for mortgage advice. The precise amount of the fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity. Typically, in most cases, our fee will be £495. We charge £595 for bridging and adverse credit cases; and £995 for Later Life Lending. #mortgage #mortgagebroker #mortgagebrokerbristol #mortgagestyle #mortgages #mortgageadvice #mortgageknowledge #mortgagesupport #mortgagehelp #awardwinning

What to Do Before Buying Your First Property? 1. Check Your Credit Score in Advance Before you start searching for property, make sure your credit score is in good shape. This is an important factor that affects your mortgage terms. Find out your credit score and try to improve it if necessary. 2. Prepare your deposit Lenders will require proof of where your deposit is coming from. This could include bank statements, savings account details, or a letter if the deposit is gifted. Ensure that your deposit is ready and available before making an offer on a property. This will demonstrate to sellers and lenders that you are a serious buyer. 3. Check your documents  Check the correctness of your documents - payslips, bank statements, and tax returns to prove your income. Ensure you have a valid ID and a single current address is indicated in all documents you have. 4. Consult with a Mortgage Adviser and Create an Action Plan Schedule a consultation with Financial Agent Solutions, where we will gather all the information together, help you find the best solution, and create a clear action plan for you. Our specialist will help to calculate your future monthly mortgage payment and offer the most favorable options. Secure Yourself When Buying Your First Property – Consult with a professional broker at Financial Agent Solutions. We offer the first consultation for free! Choose a convenient date and time via the link below⬇️ https://lnkd.in/efcbw5Kb P.S. Your home may be repossessed if you do not keep up repayments on your mortgage, equity loan or other loans secured against it. #mortgage #mortgagerates #mortgageadvice #mortgagebroker #mortgageuk #remortgage #insuranceuk #FinancialAgentSolutions #ukmortgagebroker #ukpropertyinvestors 

🏠 Plan Your Finances with Confidence! 🏠 Are you considering buying a new home? Wondering how much your monthly mortgage repayments would be? Look no further! Introducing our Mortgage Repayment Calculator – the ultimate tool to help you make informed decisions. 🌟 𝗛𝗼𝘄 𝗜𝘁 𝗪𝗼𝗿𝗸𝘀: Loan Amount: Enter the amount you want to borrow from the lender (excluding the deposit). This is the actual loan you’ll take out, not the property’s purchase price. Term: Choose the duration of your mortgage in years. Longer terms result in lower monthly repayments, but keep in mind that you’ll pay more interest over time. Interest Rate: The interest rate depends on factors like the mortgage product type, duration (usually 2-5 years for fixed-rate mortgages), and loan-to-value ratio. Calculate your monthly repayments and plan your financial journey with confidence! 💪 https://lnkd.in/eTJAuH9P #themortgagestore #mortgage #insurance

Loan-to-value (LTV) ratio is a critical factor in mortgage lending, representing the proportion of a property's value that a lender is willing to finance through a loan. It's calculated by dividing the loan amount by the appraised value of the property. For a client contemplating a home purchase, understanding LTV is paramount. A lower LTV indicates a smaller loan amount relative to the property's value, which typically translates to lower monthly payments and potentially better interest rates. Conversely, a higher LTV signifies greater risk for the lender and often results in higher interest rates or the requirement of private mortgage insurance (PMI). Thus, for a homebuyer, maintaining a healthy LTV ratio is essential for securing favorable financing terms and ensuring long-term financial stability. #trustedlendingcenter #trusted #tlc #mortgage #mortgagebroker #brokersarebetter #homeloans #homeownership #arizonarealtor #californiarealtor #coloradorealtor #kansasrealtor #missourirealtor #newmexicorealtor #oregonrealtor #washingtonrealtor

Rates aren’t as important as the product you receive when obtaining a mortgage and understanding the mortgage clauses. Work with a professional mortgage broker who have access to multiple lenders product and who can read through the fine lines which you wouldn’t pay attention to. Know the difference between a collateral charge vs a non collateral charge pros and cons Exit clauses, renewal options, prepayment privileges, porting a mortgage vs obtaining a new mortgage option. Know the difference of penalty calculation to break a mortgage term based on the product you’re signed up for and options of getting the penalty waived or reduced Another important factor that is overlooked is service level and flexibility you’ll have when working with a professional broker. Currently, our discounted promo rate on purchases with less than 20% down is from 4.79% If a client is refinancing or putting 20% down on a purchase then our promo rate is starting from 4.99%. Every transaction rate is subject to asset type, location, client credit profile, loan ask and product offering. Ameera@cmfg.ca I 647-242-9814 #mortgagebroker #mortgageadvice #MortgageTips #mortgagerates #RateVSProduct #KnowledgeIsPower #Ontario #Canada #CMFG #Brokerage #CEO #AmeeraAmeerullah

Rates aren’t as important as the product you receive when obtaining a mortgage and understanding the mortgage clauses. Work with a professional mortgage broker who have access to multiple lenders product and who can read through the fine lines which you wouldn’t pay attention to. Know the difference between a collateral charge vs a non collateral charge pros and cons Exit clauses, renewal options, prepayment privileges, porting a mortgage vs obtaining a new mortgage option. Know the difference of penalty calculation to break a mortgage term based on the product you’re signed up for and options of getting the penalty waived or reduced Another important factor that is overlooked is service level and flexibility you’ll have when working with a professional broker. Currently, our discounted promo rate on purchases with less than 20% down is from 4.79% If a client is refinancing or putting 20% down on a purchase then our promo rate is starting from 4.99%. Every transaction rate is subject to asset type, location, client credit profile, loan ask and product offering. Ameera@cmfg.ca I 647-242-9814 #mortgagebroker #mortgageadvice #MortgageTips #mortgagerates #RateVSProduct #KnowledgeIsPower #Ontario #Canada #CMFG #Brokerage #CEO #AmeeraAmeerullah

Lender Fees: Lender fees are charges imposed by the financial institution or lender that provides the mortgage loan. These fees are typically associated with the processing, underwriting, and administration of the mortgage. Some common lender fees include: 1. Application or origination fee: A fee charged to process the mortgage application. 2. Appraisal fee: A fee to cover the cost of an appraisal on the property. 3. Underwriting fee: A fee charged for the underwriting process, which assesses the borrower's creditworthiness and the property's value. 4. Legal fees: Fees charged by the lender's legal team for preparing and reviewing mortgage documents. 5. Discharge fee: A fee charged when transferring or discharging an existing mortgage. Broker Fees: Broker fees are charges imposed by mortgage brokers, who act as intermediaries between borrowers and lenders. Brokers have access to multiple lenders and can shop around for the best mortgage rates and terms on behalf of the borrower. Typical broker fees include: 1. Finder's fee or broker fee: A flat fee or percentage of the mortgage amount charged for the broker's services in finding and arranging the mortgage. 2. Lender fees: In some cases, brokers may pass along certain lender fees to the borrower, such as appraisal or legal fees. 🌐 https://lnkd.in/grJeD5Qx  ☎️ +1 866-944-7778 #LenderFees #MortgageCosts #BrokerFees #HomeLoans #MortgageAdvice

If you have a bad credit score, you should do this: 1️⃣ Improve Your Credit Score Pay off overdue debts, and ensure timely payments on loans and bills. 2️⃣ Save a Larger Deposit A larger deposit can reduce the risk for the lender and increase your chances of getting approved for a mortgage. 3️⃣Limit the Number of Credit Applications Applying for too many loans can negatively impact your credit score. Try to limit the number of credit applications you make. 4️⃣Consult a Mortgage Adviser If you have a low credit score but think getting a mortgage is impossible, don’t jump to conclusions. Schedule a free consultation with Financial Agent Solutions. We have experience in obtaining mortgages and purchasing homes with a low credit score. Each situation should be considered individually, and it’s important to first understand the cause of the bad credit score. Consult with a mortgage broker at Financial Agent Solutions about your specific situation—schedule a free consultation via the link below⬇️ https://lnkd.in/eeF4rXkA P.S. Your home may be repossessed if you do not keep up repayments on your mortgage, equity loan or other loans secured against it. #mortgage #mortgagerates #mortgageadvice #mortgagebroker #mortgageuk #remortgage #insuranceuk #FinancialAgentSolutions #ukmortgagebroker #ukpropertyinvestors

An Agreement in Principle (AIP) for a mortgage in the UK is a preliminary approval from a bank or lender. It is a document that shows how much money you could borrow for purchasing a property, but it is not a final decision. 1️⃣Why is it needed? It shows sellers that you are eligible for a mortgage. 2️⃣How to get it? You usually need to provide basic information about your income, expenses, and credit history. At this stage, banks do not ask for information about your deposit. 3️⃣What does it offer? It is not a legally binding document and does not guarantee that the mortgage will be approved. 4️⃣Validity: It typically lasts for about 30-90 days. Once you receive an AIP, you can proceed with the property purchase process, but the bank will conduct a more detailed review before giving final approval. Trust a professional broker at Financial Agent Solutions to handle your mortgage application. 🌐Sign up for a free consultation via the link below⬇️ https://lnkd.in/e479hQjs P.S. Your home may be repossessed if you do not keep up repayments on your mortgage, equity loan or other loans secured against it. #mortgage #mortgagerates #mortgageadvice #mortgagebroker #mortgageuk #remortgage #insuranceuk #FinancialAgentSolutions #ukmortgagebroker #ukpropertyinvestors 

Mortgage lenders are being urged to review procuration fees paid to brokers, as some advisers say they are losing money, especially on product transfers. April Mortgages has simplified its fee structure, offering brokers an initial 45bps at completion and additional payments on longer-term fixes. James Pagan of April Mortgages said the goal is to simplify the market for brokers, offering peace of mind with long-term fixes. Gindy Mathoon of Create Finance called for a review of product transfer fees, stating brokers are often underpaid. Samuel Gee of Manning Gee Investments supports rethinking fees to reflect brokers' value in packaging cases. Helen MacKenzie of MacKenzie Mortgages noted lower house prices in her area impact her income despite providing the same service as others. Colin Baxter of MORTGAGES IN LINCOLN LIMITED welcomed April's new structure but doubted other lenders would follow, citing market competition. Read more: https://hubs.la/Q02N-w2s0