Luke Bennett Loans

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United States
Naperville, IL
Luke Bennett Loans

Loan Consultant for Caliber Home Loans- Downer's Grove
NMLS #2156116
Here to Serve Your Mortgage Needs!

02/08/2022

You’re probably wondering… “why is there a Christmas gift on my timeline in February?!?” 🎁

Good question. I’m here to remind you that although gifts tend to be received on December 25th, they can be given all year round! If a family member of yours wants to “gift” funds toward the purchase of your next home, they can certainly do that. This option can make homeownership all the more possible! Reach out to me to today to learn more.

02/02/2022

Property taxes… ever wonder what they are when you see a home listed for sale? Maybe it’s just me?!?💁‍♂️

Property taxes are public records- meaning that if you’d like to know what the history of the taxes has been on a specific home, reach out and I’ll find them online and help you gain an understanding of what they are! Good for knowing what monthly tax payments would look like should you end up buying the home 😉🏡

01/28/2022

Down payment… how much does it NEED to be?

For a conventional home loan, a minimum of 3% down is what’s required. If you can afford to put more down more than that, that’s great! If you not, totally fine too! Reach out to me today to see how we can structure your finances to put forward a “game winning” offer on your next dream home!

01/25/2022

Where to move to next… that’s a BIG ❗️question to ask with A LOT of variables.

Location📍being one of the most important variables in that decision. A piece of insight: A great way for you to gain a better understanding of a certain area is to get in touch with a local Realtor. Realtors have ample knowledge about the local market and what various neighborhoods have to offer. Not to mention their abundant resources to research whatever they don’t know off the top of their head!

Give me a call 📱 today to get connected with a local agent that will be quick to listen and eager to help!

01/19/2022

Getting a pre-approval for a home is like bringing your vehicle into the Auto Shop 🔧. You bring your car 🚗 in (by filling out our online application), then I “Pop the Hood” to get a good reading of your financial situation. I look at the different parts of the engine👨‍🔧- your credit report, your debts, your income, your assets, etc. If your engine is in the right shape, we’ll get you out looking at homes! ✅ If I identify that your “engine” isn’t quite ready to run (qualify for a mortgage), no worries. I’ll help 🧰 set you up with a game plan so that we can get that engine ready for an opportunity down the road! 🛣

Call me today to see if your “engine” is ready to go buy a home! 🚦

01/14/2022

An important factor in determining your capability to qualify for a mortgage is your DEBT-TO-INCOME ratio. What is it though?

“DTI is the percentage of your gross monthly income that goes toward paying your monthly debt payments”. For example: Car Payments 🚗 , Student Loans 📚 , and Credit Cards 💳 are all forms of debt. Netflix 🎥 , Groceries 🍎, and your Gym Membership 🏋️‍♂️are not! Reach out to learn more and see if you’d qualify for a mortgage!

01/10/2022

Thankful for my clients who entrust me with their business and for the opportunity to find solutions that meet their needs. If you or anyone you know needs a Loan Officer who not only values customer service, but is able to deliver solutions, call me. I’m here to help!

01/03/2022

Rainy days 🌧 You have yours, lenders have theirs. That’s why insurance is key for both parties! The two integral insurance services accompanying a home purchase are listed below.

1. Homeowner’s Insurance- A necessity in buying a home. “Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others”. Essentially it’s an umbrella of protection for you, the Homeowner!

2. Private Mortgage Insurance- You, the client, (most often) pays for this. PMI protects the Lender (like Caliber) from clients who default on their loan payments. The great news is your PMI payment drops as you gain more equity in your home and the kicker is that once you hit 20% equity (80% loan-to-value), PMI can be completely dropped! At that point, the lender is essentially saying they don’t need their umbrella anymore ☔️ ☂ 🌂

12/29/2021

Should you talk with a Realtor or Lender first? The answer to that question is… either!

If you reach out to a Realtor first they’ll send you in the direction of a Loan Officer (like me) to get pre-approved. If you reach out out to the LO first, they’ll get you pre-approved and recommend a realtor they trust. Win-win situation for you!

If you’re looking to get pre-approved and/or find a trusty Realtor, definitely reach out to me. I’d be more than happy to help you with both!

12/27/2021

Do you or anyone you know have questions about purchasing a home? Let’s hop on a call and I’ll run you through the steps to do so!

Working with a Loan Officer who focuses on communication, clarity, and your specific, individualized needs is invaluable. That is my chief aim- to provide that. Allow me to make this home buying process as little to process for you as possible!

12/07/2021

Have you ever thought “where would I even begin?!” when thinking about the prospect of buying a home? If yes, we hope you feel comforted to know you are not the only one (by any stretch of the imagination) who has come to us with that question. It’s normal!

For that reason, we’re hosting a webinar with this crucial question as our focal point. Join us as we lay out those initial steps for you!

Address

Naperville, IL
60540, 60563-60565, AND PO BOX ONLY CODES 60566-60567

Website

https://www.caliberhomeloans.com/

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