EVIMA Financial Group

CLOSED and FUNDED

That's wonderful news! Congratulations to Constance on her new multi-unit property. It sounds like a great investment, having a place to call home and generating rental income from the other unit. That really is cool!

A big shout out to Andy Nguyen Real Estate, Inc. for introducing me to Constance's family and dedicating countless hours to show her many homes until we found this beautiful 2-unit property.

Advantages of FHA loan with 3.5% down payment on Multi-Family home.

1) Lower Down Payment Requirements: FHA loans typically require a lower down payment, often as low as 3.5%, which can make it more accessible for first-time homebuyers or those with limited savings.

2) Flexible Credit Requirements: FHA loans are known for their more lenient credit requirements compared to conventional loans. This can be beneficial for borrowers with less-than-perfect credit scores.

3) Rental Income Potential: Buying a multi-family home allows the owner to rent out the additional units. This rental income can help offset the mortgage payments and other expenses, making homeownership more affordable.

4) Occupy One Unit, Rent the Others: FHA rules allow borrowers to purchase a multi-family property (up to 4 units) and live in one unit while renting out the others. This can be an effective way to start real estate investing while securing a primary residence.

5) Stable Cash Flow: The rental income from the other units can provide a steady cash flow, which can be used for maintenance, savings, or additional investments.

6) Potential Tax Benefits: As a multi-family homeowner, you might be eligible for certain tax deductions related to the rental units, such as mortgage interest, property management costs, maintenance expenses, and depreciation.

6) Building Equity Faster: With tenants helping to pay down your mortgage, you may build equity faster than you would with a single-family home.

CLOSED and FUNDED

Congratulations to Xuân Lộc on the purchase of his first home. Thank you for allowing me to be part of your home purchasing process. May your new home be filled with joy, love, and wonderful memories. Here’s to many happy years ahead in your beautiful new space! 🏡🎉

Thank you chi Victoria Tran for the countless hours and days showing Loc many homes. What a great find.

11 business days from submission to Clear-to-Close? Yup! We are ahead of schedule again with more than a week to go before the signing date. Congratulations to our buyer. Long Dang

Another Clear-to-Close achieved last week! We're now awaiting the closing date of 7/18/2024. This loan was processed and underwritten seamlessly while the client was in Vietnam. Rest assured, your loans are in good hands with us, no matter where you are in the world! Call me today at 612-987-0117. Washington Nguyen

🎉 Big News! Introducing EVIMA Financial Group! 🏡✨

Dear cherished clients/friends/family,

I'm thrilled to share a significant update with you all. After two incredible years at Edge Home Finance, I am excited to announce the launch of my own venture – EVIMA Financial Group!

It has been an incredible journey serving you and I am profoundly grateful for the trust and partnership we've built. Now, as the FOUNDER/OWNER of EVIMA Financial Group, my commitment to providing top-notch mortgage solutions remains unwavering.

At EVIMA (My daughter's name Evi + Ma for Mason), we're dedicated to guiding you through the path to homeownership with expertise, care, and a personal touch. Your dreams are our priority, and I can't wait to continue this journey with you under our new banner.

Thank you for being a part of my story at Edge, and I look forward to creating many more success stories together at EVIMA Financial Group!

Warm regards,
Kevin Ho
NMLS # 911809
612-987-0117
EVIMA Financial Group
www.EvimaFG.com (under construction)

🏡 Ever heard of a 3-2-1 Mortgage Buydown? No? Well, buckle up because it’s about to get interesting!

This magical mortgage hack lets you start with a lower interest rate that gradually increases over 3 years.

✅ Year One: Enjoy a rate that’s 3% lower!
✅ Year Two: It’ll bump up but still be 2% lower!
✅ Year Three: Just 1% lower before it levels out.

Learn more how this can make your homeownership dreams come true! ✨

Kevin Ho
612-987-0117
NMLS # 911809

In real estate, as with other businesses, when demand is higher than supply, prices rise, and if supply outpaces demand, prices fall.

The COVID-19 pandemic added other factors that threw supply and demand out of balance as well.

So, if you are thinking about buying... now may be the best time with the most available homes versus waiting.

Please follow for more industry updates!

👉 Allow this to be a friendly reminder for all who may be home shopping this weekend!

📣If you need a lender recommendation, don't hesitate in contacting me!

Received 2 Clear-to-Closes with a closing date of 3/31/2023. Great way to wrap up a busy month of March.

Received a call from a realtor asking if April closing is possible if offer is accepted this coming weekend. ABSOLUTELY!

🙋🏻‍♂️The only other item I would add to this is not talking to me as your lender SOONER.

🏡There is zero cost in applying to just run numbers while putting a plan together so you can be crystal clear at what may need to happen (or how much you should save) while you create an exit strategy from renting (or living with mom and dad).

☎️➡️If you are interested in planning for your future and would like to start the conversation... please send me a message so I can best help you!

🙌IT'S FREE. 🙂

🏠Sure, we hear a lot about supply and demand in the real estate market... however, are you aware of all the factors that drive that supply and demand?

☑️If you are a realtor, please save or share this post!!

There is no better time to buy than now. Buyers could find those motivated sellers to reduce their sales price and pay your closing costs. Ask us how?

Congratulations to the buyers below on the closing of their new home. This type of deal wouldn't be a discussion 6 months ago.

Good work as always Phuong Tong- Realtor/Property Manager and special thanks to Julia Cordes @ Executive Title to make it an easy process for the clients.

😍Our 3 favorite words in this business. Clear To Close!

✅This is why I love UWM. They are truly the best when it comes to technology and their team members. From submission to clear to close in 7 days.

7️⃣more days until the signing date. Congratulations buyers!

High five 🙌
Phuong Tong- Realtor/Property Manager

Congratulations Khoa on your new home! It is a pleasure to have been able to help you with your move and purchase. A big thank you to Stewart Title and realtor chi Nancy Ngoc Dang. We appreciate the opportunity to work with you and wish you many memories in your new home.

I have a BIG passion in helping people go beyond just buying or owning 1 primary residence as there are too many other reasons to invest in real estate.

If you have any questions or the slightest curiosity at how you could truly build generational wealth through real estate, then please send me a direct message so we can chat!

I know it sounds too good to be true, yet it is actually a reality that we can build and plan for together. Please share this post with someone you feel could benefit from it!!

🎉🎊Experience matters when it comes to choosing your Loan Officer. Lennar builder was offering incentives if she uses their preferred lender. Loan did not go through and Ms. borrower reached out to me for a second look. Guess what!!?? We got it done!

👏🏻🙏Congratulations chi Van and the opportunity for help you. Thank you chi realtor Nancy Ngoc Dang for your help and patience when she switched lender.

And today, we have two more happy borrowers. Clear to close and moving in before Christmas! Cheers to realtor Andy Tan Realtor, Keller Williams Classic Realty NW and realtor Nancy Ngoc Dang

🙋🏻‍♂️A client called and asked if we can still close by the end of December.

✅Absolutely!

🎉🎊Contract received this morning and we are making it happen!

If you are buying, or have a client wanting to close by 12/31. Please give me a call.

Kevin
612-987-0117

✅ Tired of renting, buy now with $0 money down.

✅ We allow seller to pay up to 6% towards closing costs.

✅ Grant is 100% forgivable.

Call 612-987-0117 or message me if you need more information.

HAPPY FRIDAY EVERYONE!

For those with kids in school - Enjoy your long weekend.

⁉️ Do you know your debt-to-income ratio?

🔢A lender must qualify your DTI much like a nurse does when checking your blood pressure at every doctor’s visit.

▶️ Having a high debt-to-income ratio can be an added obstacle in your journey to homeownership, but there are plenty of ways to reduce it and better your chances at securing financing for the home of your dreams!!

☎️If you would like help calculating a lender’s DTI, then shoot me a quick message and I’ll be happy to help!!!

✅ Cliff Notes:

Sum of Minimum Monthly Debt Payments / Gross Monthly Income

🎊🍾 The glow on our faces were from taking too many shots at this successful closing. And of course the excitement of Tai and BaoTram being the first time homebuyers. Thank you guys for your trust and couldn’t have done it without your hardwork and Andy's.

Thanks again Andy Nguyen for the shots. Of course the referral of your friends as well. You have set a new trend on how closings should be going forward.

Thank you Tien Tran for your great service and great insurance proposal over Progressive.

🎊🏠Congratulations to Jamie on the purchase of a beautiful home. Huge achievements with your new job and new home. Thank you for your trust!

When your rent is nearly as much as your mortgage payment. Why not buy?

Interest Rate on Rent is 100%.

Thank you Luan and Andy for the referrals!

❓How many of you are shocked by this summer's electric bills?

➡️Check out this quick cheat sheet on possible ways to lower your electric bill as we head into Fall!