MariaJ.mortgagegirl

10/30/2024

Preparing to meet with a mortgage loan officer? Here's your essential checklist:

1. Proof of Income: W-2 statements, pay stubs, or tax returns.
2. Credit Report: Get your latest scores and history.
3. Asset Information: Bank statements and investment accounts.
4. Employment Verification: Recent employment letter.
5. Debt Details: List of current debts and monthly obligations.
6. Identification: Driver's license or passport.
7. Homeownership Goals: Your dream list and budget.

Ready to make your home-owning dreams a reality?

10/29/2024

Before getting yourself into a mortgage payment, keep in mind that there are a few components in the payments.

1) The principal: Consists of the loan borrowed to purchase the home. Initially, the amount financed.

2) Interest: A percentage of your loan; the cost of borrowing the principal. It does not account for any additional fees or costs. (You can find the interest and principal combined in the closing disclosure.)

3) Taxes: Based on the value of the property. In NY State, you can find that most deals will have county property taxes and school property taxes.

4) Homeowners insurance: Protection for your home and its contents; it will help you against any total loss of your items.

5) Private mortgage insurance (PMI): When the initial down payment is less than 20%, you are required to have this type of insurance, mostly to protect the lender.

***** PS: Conventional loans or first-time homeowners will have an escrow account to combine the monthly taxes and insurance. This helps borrowers pay a monthly fee rather than paying a lump sum of money at the end of the year.

If you have any questions about your mortgage contract or getting pre approved; contact me !

05/19/2024

Imagine being able to lock in your mortgage rate, then shop for your home without the worry of fluctuating rates. Lock & Shop does exactly that. Enjoy peace of mind and focus on what really matters — finding your dream house.

05/19/2024

We use UWM! The #1 overall mortgage lender in America
Shout out to MG the Mortgage guy, I listen to all of his videos!
0% DOWN PAYMENT POGRAMS TO HELP YOU.

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05/18/2024

Get into your new home in as little as 15 days! Give us a call today, and let’s get started.

05/17/2024

First-time homebuying can be confusing — especially when it comes to your first-time mortgage. But with our expert advice just a click or call away, we'll make sure you have the knowledge and support you need to conquer this milestone with confidence!

05/16/2024

With us, life doesn't have to stop when the homebuying process starts. Our tools allow you to comfortably apply online from the living room, the office or even on vacation. Are you ready for your forever home? DM me to get started!

05/15/2024

FHA loans are a treat when credit scores aren't quite up to par. However, they oftentimes come with a fluctuating rate and non-negotiable mortgage insurance. Refinancing might give you stability in your monthly payments and eliminate the need to pay mortgage insurance. Call me!

05/13/2024

No need to be a first time homeowner to qualify for low down payment purchases. Contact me to see if you qualify.
Borrowers are eligible for both our products HOMEREADY or HOMEPOSSIBLE loans by meeting the income requirements.
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For example: HOMEREADY has a reduced mortgage insurance, gift funds available for down payments, available for single home, multi-wide manufactured homes, LTV up to 95% , condos and PUDs.

05/13/2024

Are you looking for a new construction home? Don't limit yourself to your builder's preferred lender. I'm here to help! Contact me today to make the most of your homebuying experience!

05/04/2024

Veterans: Did you know there’s a special refinancing program just for you? A VA interest rate reduction refinance loan can be fast and easy with no down payment. Call today to find out if you’re eligible to start saving.