FranklinMLO

🏡 Ready to level up your real estate game? 🚀 If you own a one-to-four-unit residential rental property, our 2nd Lien DSCR loan product is a game-changer you've been waiting for!

🌟 Unlock your property's equity by leveraging up to 75% combined loan-to-value.
💰 No need to rely on your personal income – it's all about property rental income covering both mortgages while keeping cash flow positive.
🏦 Loan amounts: $50,000 to $350,000
⏳ 30-year fixed amortization term
📈 Prepayment and rate buydown options
🏢 LLC or Corp vesting? No problem!
💲 Minimal upfront costs – just appraisal and credit report fees.

Don't miss out on this opportunity tailored to your unique needs. Discover the 2nd Lien DSCR loan by Franklin Mortgage Holdings and take your real estate investments to the next level! 🏠💰

🏡 Mortgage Pre-Approval vs. Pre-Qualification - Learn the Difference! 🚀

Pre-Qualification: A quick start based on your info. No verification, just a budget estimate.

Pre-Approval: A deep dive into your financials, showing sellers you mean business. Rate lock options are available!

Get the expert advice you need from our trusted team at Franklin Mortgage Holdings. Your path to homeownership starts here. Contact us today! 📞877-300-4536 | [email protected] 🗝️

🚀 Ready to Discover Mortgage Secrets? 🏡

Curious how your mortgage brokers beat the rates of giants like GuaranteedRate, LoanDepot, Fairway, Caliber, or PRMG? It's all about 𝗪𝗛𝗢𝗟𝗘𝗦𝗔𝗟𝗘 𝗥𝗔𝗧𝗘𝗦! 🌟 Exclusively via Franklin Mortgage Holdings, we cut the loan costs and overhead, passing the savings to YOU. Call Franklin Mortgage Holdings today for BOTTOM-LINE rates! 📉 (877) 300-4536 | www.FranklinMLO.com 🗝️

🏠 Understanding Your Debt-to-Income Ratio (DTI) - A Step-by-Step Guide! 💰

Ever wondered what your mortgage advisor meant when they mentioned DTI? We've got you covered with a simple guide to calculate it! Here's how:

1️⃣ Grab a piece of paper.
2️⃣ List all your monthly bills, including your mortgage payment, car loan, credit card minimums, student loans (or 1% of the balance if deferred), personal loans, child support, alimony, and federal tax installment payments.
3️⃣ Flip the paper over.
4️⃣ List all your income sources - salary, rental income, investments, Social Security, pensions, and any other regular income.
5️⃣ Calculate your total gross monthly income.

Now, let's calculate your DTI:

🔢 DTI = (Total Monthly Liabilities / Gross Monthly Income) x 100

For example, if your DTI is around 38%, it means 38% of your income goes towards paying debts.

So, what does your DTI mean for your finances?

🟢 DTI below 35%: You're in good financial shape!
🟡 DTI between 35% and 50%: Manageable but needs improvement.
🔴 DTI above 50%: A warning sign - this could affect your ability to get new loans or credit.

Keep in mind that different mortgages have specific DTI requirements. Reach out to our team of licensed mortgage professionals at Franklin Mortgage Holdings for tailored advice on your unique DTI situation, including self-employment, asset depletion, or undocumented income scenarios. Your financial well-being matters to us! 🏦💼

Call 877-300-4536 and ask how the team of Franklin Mortgage Holdings can help you become approved for a mortgage loan even with a higher DTI.

Did you know you could boost your credit score by up to 150 points in just 90 days? Let's explore game-changing strategies:

💡 Alt Tradelines: Use services like LevelCredit, e-Credible, Experian Boost, or Boom to report bill payments and lift your score.

💳 Secured Card: Apply for one from Bank of America, TD Bank, Capital One, Discover, or Credit Unions. Your deposit sets your limit, building credit responsibly.

👥 Authorized User: Join a friend/family member's credit account for good habits transfer.

🔍 Step Up: Get your report and scores from Experian, TransUnion, and Equifax. Review for issues.

💰 Smart Moves: Pay off debts, and small balances, stay under a 30% credit limit, and pay on time.

💡 Strategy Matters: Credit history matters; be savvy.

At Franklin Mortgage Holdings, we tailor loans for all credit situations. From FHA, and VA loans (score as low as 500) to foreign national loans (no scores). Enhance creditworthiness, and get top loans. Reach our pros for the best rates. Let's turn your home dream into reality! 🏡🔑

Call Franklin Mortgage Holdings today and learn how we can help you secure your mortgage loan despite challenging credit- 877-300-4536

🏡 Curious about Mortgages? 🏡

Ever wondered what exactly a mortgage is and how it works? 🤔 We've got you covered! In this informative video, we break down the basics. Whether you're a first-time homebuyer or just looking to expand your financial knowledge, this video is a must-watch!

Leave your questions in the comments below – our experts are here to help! Don't miss out – hit that play button now and empower yourself with valuable knowledge. 💪📚

Call 877-300-4536 today, and learn how Franklin Mortgage Holdings can help you reach your homeownership goals.

🏡 Unlocking the Power of Gift Funds for Homebuyers 🎁

Gift funds can be a total game-changer for those on their homebuying journey! 💰 They can swoop in to help with down payments, closing costs, and other expenses tied to getting your dream home. 🏠 Here's a quick rundown of gift fund guidelines for the most common mortgage options:

Conventional Loan Magic: If you're going for a conventional loan, and your primary or second home has a loan-to-value ratio (LTV) of 80% or less, guess what? Gift funds can cover the WHOLE cash-to-close. 🎉 But if your LTV crosses 80%, and you're eying a two to four-unit home, you'll need to chip in at least 5% from your pocket. And remember, for investment properties, it's all about your funds doing the heavy lifting.

Friendly FHA Facts: FHA loans are like that friendly neighbor who's here to help! 🏡 They're for one to four-unit primary residences, and gift funds? They can come to the party for your whole down payment, closing costs, and reserves! Plus, donors have choices – cash or equity. Family, employers, close friends, and even government and charities can join in as donors.

Extra Good News: Some approved Downpayment Assistance Program grants? Yup, they're counted as gift money too. So that's a bit more help on your side. 😄

VA Loan Perks: For VA loans, gift funds can cover your down payment and closing costs, but not reserves. The cool thing is, that nearly anyone (except those with vested interests) can be a donor for VA loan gift funds.

At Franklin Mortgage Holdings, we're experts at factoring in all the nitty-gritty details to create loan structures that make gift funds work to their maximum potential. 🌟 Your personalized real estate journey is important to us. Reach out to our team of licensed mortgage professionals today, and let's make your home dreams a reality! 🏡💼

Call 877-300-4536 to get pre-approved Today! NMLS # 1547147- Licensed in FL, GA, TN and CA.

🏠🔑 Curious about Reverse Mortgages? Let's break it down together with Franklin Mortgage Holdings!

🎯 Key Features:
1️⃣ Age Matters: To qualify, you need to be 62 or older. No credit score or income fuss!
2️⃣ Payment Freedom: Live in your home, skip those monthly payments! 🙌
3️⃣ Catch the Catch: Ensure your retirement income covers taxes, insurance, and dues.

💰 "How much can you get?" It depends on 3 factors:
1️⃣ Age: Older = More Money!
2️⃣ Home's Value: Limited borrowing, no monthly payments.
3️⃣ Equity: More equity = More borrowing. Some plans even adapt to your home's value!

Call 877-300-4536 today or shoot us a DM or email at [email protected]

For expert advice, reach out to Franklin Mortgage Holdings. Secure your retirement dreams today! 💼🌟