Teri Jefferson-Better Homes and Gardens Real Estate Metro Brokers

05/21/2024

Happy 23rd birthday to my beautiful baby... 5-20-01 She hates social media so I waited a day🤣

10/24/2023

Happy 26th Birthday to my first born, extra, over the top baby girl Alanna Remi Bailey . Have the BEST DAY EVER!!!!

10/24/2023

✨️✨️Tonight 7:55pm EST✨️✨️. The First Female Million Dollar Ring Earner in MWR (Make Wealth Real) Dropping 💎💎on how she did it in 8 months! Join us LIVE @ https://MWR.LIVE

02/06/2022

"Goal" digger!!!

02/06/2022

Life is short! Live each day to the fullest!!!

02/04/2022

There are several types of loans, the most popular are the conventional loan, the FHA loan, VA loan, fixed-rate, and adjustable-rate (ARM). The conventional loan is not backed by the federal government like the FHA and VA. It comes in two types, conforming meaning it conforms to a set of standards put in place by the Federal Housing Finance Agency. The standards include credit, debt, ,and the size of the loan. The 2nd is Non-conforming loans. They do not meet FHFA standards, ight be for larger homes, or may be offered to borrowers with subpar credit. Some non-conforming loans are designed for those who may have gone through bankruptcy. You should consider if you have a strong credit score and can afford a large down payment.
FHA Loans are geared toward the borrower that don't have a large down payment and/or dont have pristine credit. You need a minimum FICO score of 580 to get the FHA max of 96.5 & financing with a 3.5% down payment or a FICO score of 500 with a 10% down payment.
VA loans provide flexible, low interest mortages for members of the U.S. military and veterans. They don't require a down payment or mortgage insurance adnd closing costs are usually capped and may be paid by the seller. A funding fee is charged to offset the program's cost to taxpayers and can be rolled into the loan or paid upfront at closing.
Fixed-rate maintains the same interest rate over the life of the loan and typically comes in terms of 15 or 30 years.
Adjustable-rate mortage (ARM) has fluctuating interest rates that can go up or down with market conditions. Be cautious because the you may have a lower fixed rate the 1st few years and then it will go up and your payment could possibly become unaffordable resulting in default. Also home values may fall making it harder to refinance or sell before the loan resets.

02/04/2022

There are several types of loans, the most popular are the conventional loan, the FHA loan, VA loan, fixed-rate, and adjustable-rate (ARM). The conventional loan is not backed by the federal government like the FHA and VA. It comes in two types, conforming meaning it conforms to a set of standards put in place by the Federal Housing Finance Agency. The standards include credit, debt, ,and the size of the loan. The 2nd is Non-conforming loans. They do not meet FHFA standards, ight be for larger homes, or may be offered to borrowers with subpar credit. Some non-conforming loans are designed for those who may have gone through bankruptcy. You should consider if you have a strong credit score and can afford a large down payment.
FHA Loans are geared toward the borrower that don't have a large down payment and/or dont have pristine credit. You need a minimum FICO score of 580 to get the FHA max of 96.5 & financing with a 3.5% down payment or a FICO score of 500 with a 10% down payment.
VA loans provide flexible, low interest mortages for members of the U.S. military and veterans. They don't require a down payment or mortgage insurance adnd closing costs are usually capped and may be paid by the seller. A funding fee is charged to offset the program's cost to taxpayers and can be rolled into the loan or paid upfront at closing.
Fixed-rate maintains the same interest rate over the life of the loan and typically comes in terms of 15 or 30 years.
Adjustable-rate mortage (ARM) has fluctuating interest rates that can go up or down with market conditions. Be cautious because the you may have a lower fixed rate the 1st few years and then it will go up and your payment could possibly become unaffordable resulting in default. Also home values may fall making it harder to refinance or sell before the loan resets.

02/04/2022

02/03/2022

02/02/2022

DM me to reserve your seat!