Ben Aliff at First Heritage Mortgage

We're honored to be nominated for the Best of C-VILLE 2023 "Mortgage Lender" Award and we couldn't have done it without you! 🥳To help us win, we need your vote!
1. Go to: vote.c-ville.com/services or scan the QR code.
2. Scroll down to find "Mortgage Lender."
3. Select "ATLANTIC BAY MORTGAGE GROUP." We're at the TOP of the list! 😀
4. Click VOTE!
5. After voting, you will be asked to fill out a simple form by entering your name, zip code, and email address. Voting ends Friday, June 30th. THANK YOU for your help!
While you're at it, don't forget to vote for all your favorite local services and businesses! 💙

This tax season, invest in the American Dream by using your tax refund to:
- Pay down debt
- Contribute to your down payment
- Purchase interest rate discount points

Learn more ways your refund can help you finance your dream home in the newest article from the Knowledge Center: https://www.atlanticbay.com/knowledge-center/tax-refund-new-home/

Picture This :

You’ve found your dream home.

It’s everything you’ve ever wanted.

Your funds are secure and you’ve selected your lender.

Now your loan is heading to underwriting.

Huh?

Underwriting is one of the earliest steps to getting the keys to your new place.

Learn more about the process in our latest Knowledge Center article:
https://www.atlanticbay.com/knowledge-center/what-is-underwriting/

The early stages of the homebuying process can be a blast!

- Creating a new home wish list

- Browsing real estate listings online

But what about saving for the down payment?

That can be fun too when you’ve got a plan in place!

Read about five money-saving methods that’ll help you make the down payment with ease in the latest article from the Knowledge Center: https://www.atlanticbay.com/knowledge-center/save-for-down-payment/

Service in America’s Armed Forces is a sacrifice Atlantic Bay doesn’t take lightly. Military members and Veterans demonstrate the strength, wisdom, and determination that make our nation great. This Military Appreciation Month, we salute, celebrate, and THANK all our military members!

Join us for a pep talk you NEED on maximizing your referrals! Referrals are extremely valuable and even more so in today's market. Rebecca Lorenz with Ninja Selling will give you tangible ways to rethink your business.

You will learn how:
To build a sustainable business
The power your mindset has on earning more referrals
How to earn more referrals from people that already know, like, and trust you!
The impact of consistency on your business
To follow up on referrals and WOW your relationships!

Get it on your calendar now! https://atlanticbay.zoom.us/webinar/register/WN_iHIr3GSYRba4nuNsAqEl6Q



http://www.benaliffmortgage.com

If you’ve been following the news about loan level pricing adjustments (LLPAs) lately, there was a BIG development yesterday!

The Federal Housing Finance Agency (FHFA) announced that it will not charge new upfront LLPAs for Conventional borrowers whose debt-to-income (DTI) is at least 40%.

This is a major win as these fees were scheduled to go into effect this month but were delayed due to concerns from borrowers and mortgage professionals.

I’ve been following the FHFA’s updates on this topic and can explain LLPAs and how they work if you have any questions. I’m only a click or call away!

http://www.benaliffmortgage.com

Happy St. Patrick's Day! May you have all the happiness and luck that life can hold — and at the end of your rainbow, may you find a pot of gold.

This was one of my biggest takeaways from our recent 2023 Economic Forecast with Barry Habib! Every morning, I start my day by doing these four things - I write in my gratitude journal, I read something positive, I do positive affirmations with my family, and I write two personal notes to others. What things do you do to stay positive and optimistic? Please share!

New VA homebuyers will soon pay lower funding fees! Starting April 7, 2023, purchase, construction, and cash-out borrowers will pay 0.15-.3% less, depending on the down payment and first or subsequent use. Atlantic Bay is excited to help more military borrowers achieve homeownership!

Contact me to learn more!

- http://www.benaliffmortgage.com

FHA Borrowers to Enjoy Lower Mortgage Insurance Premiums!
Starting March 20, 2023, HUD, through FHA, is reducing the required annual mortgage insurance premium rate from 0.85% to 0.55%!
• The new rate will benefit around 850,000 FHA borrowers over the coming year.
• The average FHA borrower will save roughly $800 annually.
• FHA’s 1.75% upfront premium is still required, but this can be financed into the FHA loan!
• A lower annual MIP can help more people qualify for a mortgage.
• The reduction applies to all eligible property types, including single-family homes, condominiums, and manufactured homes.

Ask me how to get started on your FHA loan!

Atlantic Bay’s new standalone home equity line of credit (HELOC) lets you borrow against your home’s equity to provide those funds! Contact me today to get started!

While this doesn’t necessarily mean we're in a buyers’ market; it does mean you have a bit more leverage when it comes to negotiating with a seller.

Talk to your local real estate agent today to see what your options are!

This approach is becoming quite the common negotiating tool, whether you use seller concessions to buy down your interest rate or use it to cover closing costs, you have options!

Reach out today to see if this could be an option for you.

Fall in love with your home again!

Thinking of renovating? Your home’s equity is your opportunity to rekindle that spark with a cash-out refinance. Ask me how!

You’ll LOVE working with us!

With great products, mortgage expertise, and top-notch customer service, Atlantic Bay is “the one” to help you get that dream home! Call me today to learn more!

You're invited to Atlantic Bay's 2023 Economic Forecast with Brian Holland, Emily Farley and Barry Habib on February 13th!

Open to all industry partners! You don't want to miss it.

Register here: https://atlanticbay.zoom.us/webinar/register/WN_zEs9ot__RdyjQeY7FsNVGw

On this new episode of the Lending Forward podcast, Hannah McManus and Alberto Gamez dive into discussing how we can be advocating for Hispanic communities in our industry with the launch of La Bahia!

We believe that home ownership should be a dream within reach for everyone and we are committed to honoring our role and responsibility as a community lender by providing the tools and resources around homeownership many people are searching for.

Listen to it now : https://open.spotify.com/episode/1mx5dlmutLGWGydMHiAUlT?si=-RPmyF7CRMiEMtErtqc0ww

It’s time to start preparing for the 2023 tax season!

Get some helpful tips to make filing a breeze in the latest article from the Knowledge Center: https://www.atlanticbay.com/knowledge-center/2023-tax-preparation/

Cheers to ‘23!

As we round out the year, we feel grateful for the thousands of families who trusted us with their homeownership dreams. May the new year bring you opportunity and fill your home with happiness!

#2023

May your home be filled with love and joy this holiday season!

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Did You Know?

You can use seller contributions to pay for closing costs!

Seller contributions, or a sum of money the seller pays to close on the buyer’s behalf, offer a BIG advantage to buyers and sellers alike.



But contributions don’t work the same way for every loan type…



Don’t worry, we’ve got you covered.

Take a peek at the cheat sheet above for a breakdown of how each loan type handles seller contributions.





- http://www.benaliffmortgage.com

Starting December 21, 2022, homeowners with single-family mortgages financed through the Federal Housing Administration (FHA) can obtain flood insurance policies that comply with FHA requirements from private insurance providers.

In the past, only flood insurance obtained through the National Flood Insurance Program (NFIP) was permissible for FHA-insured mortgages, which presented limited options for homeowners.

Contact me today to learn more!



- http://www.benaliffmortgage.com

EXCITING NEWS: Atlantic Bay is now able to offer a loan up to $726,200 for conforming, one-unit properties. That's an increase from last year's $647,200! This allows for more flexible lending and down payment options for larger loan amounts.

Let's connect to see how this could benefit you!



- http://www.benaliffmortgage.com

GREAT NEWS FOR HOMEBUYERS!

Virginia Housing announced on 12/1/2022 that qualifying debt-to-income ratios will increase to 50% from the previous 45%. This means homebuyers in Virginia have more flexibility in qualifying for a mortgage.

If you were previously denied a mortgage because your debt-to-income ratio was too high, give me a call!



- http://www.benaliffmortgage.com

With Atlantic Bay’s Lend It Back program, there’s no need to wait for a better rate! Buy a home now with a 2/1 temporary buydown and cut the interest rate by 2% during year one of the loan, and by 1% during year two. When the buydown period ends, refinance with us and get up to $1,000 in lender credits!

We've got our homebuyers covered now AND later. Ask me for more details!



For a full list of promotion terms and conditions, and to learn more information on buydowns, visit www.atlanticbay.com/lend-it-back/terms/.

High rates have us all feeling low, but Atlantic Bay is here to lend peace of mind with our new Lend It Back program! Buy with us today and negotiate a temporary buydown with the seller. After the buydown period ends, we’re offering up to $1,000 in lender credits toward a refinance! It’s a win-win!

Don’t let a dream home slip away because of a rate you can refinance later. Reach out to learn more!

Information is for illustrative purposes only and is not intended to provide mortgage or other financial advice to a specific consumer’s circumstances. Atlantic Bay Mortgage Group, L.L.C. cannot predict where rates will be in the future.

With Atlantic Bay’s Lend It Back program, buy with us now, and we'll give you up to $1,000 toward a refinance later. Better yet, get immediate savings on your rate with a temporary buydown, then when the buydown period ends, refinance and enjoy that lender credit!

We want our homebuyers to save now, AND later. Ask me for more details!



For a full list of promotion terms and conditions, and to learn more information on buydowns visit www.atlanticbay.com/lend-it-back/terms/.

Atlantic Bay’s new Lend It Back program could be the ticket to the home of your dreams. Lower your rate now with a temporary buydown and enjoy up to $1,000 when you refinance with us after the buydown period ends.

Take advantage of the market and take back your power as a buyer! We’ve got your back now, and later. Reach out to learn more!



For a full list of promotion terms and conditions, and to learn more information on buydowns visit www.atlanticbay.com/lend-it-back/terms/.