The Bo Smith Team at Cornerstone Home Lending - NMLS 92100

FALL in love with a new home this season! 🏡

Click the link below to get started today! 👇

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Happy First Day of Fall! 🍂

Anyone else ready for cooler temps? ✋ These four tips can help you protect your home as temps drop! 👇

1️⃣ Test Your Winter Equipment

2️⃣ Clear Low Hanging Trees

3️⃣ Check For Drafts Around Windows & Doors

4️⃣ Check Your Roof & Attic Insulation

I hope these tips help you prepare your home for fall and winter and save money on your energy bill!

If you're looking for more tips or you're ready to move into a home that's already prepped for the cooler temps, reach out! 🤳

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Breaking News: The Fed has LOWERED interest rates! 📢🎊

The decision is in, and the Federal Reserve slashed interest rates aggressively by 50 basis points yesterday, announcing the first rate cut since March 2020. ✂️

While this change doesn’t directly control mortgage rates, it’s a promising sign that now might be the right time to explore your home purchase or refinancing options.

Want to get started? Reach out below and let's chat! Let’s make your homeownership goals a reality! 🎉

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Wondering how to start the home buying process in 3 easy steps? 🏡

1. Get Pre-Approved for a Mortgage:
Before you start house hunting, reach out to us to get pre-approved OR click the link below to get started. This step will give you a clear budget and show sellers you’re serious about buying.

https://bit.ly/PrequalifyWithBo

2. Find a Real Estate Agent:
Choose an experienced real estate agent who knows the local market. They can help you find the right home, negotiate the best deal, and guide you through the buying process. We partner with some of the best in city and can give you amazing recommendations!

3. Start House Hunting:
Make a list of your must-haves and nice-to-haves, then start visiting homes! Be patient and take your time finding a home that meets your needs and fits your budget.

If you're ready to start the homebuying process now, reach out and let's chat! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Football season is here! Score a new home this fall! 🏈

Click the link below to get started! 👇

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Refinancing replaces your current loan with a new one, often with a different interest rate, payment, or term. 🏡

Here are 5 ways refinancing could benefit you:

1. Switch to a Fixed-Rate Mortgage: If you have an adjustable-rate mortgage (ARM) and want stable monthly payments, refinancing to a fixed-rate loan could be a smart move.

2. Adjust Your Loan Term: Life changes, and so can your loan. Whether you want to shorten or lengthen your term, refinancing might be the answer.

3. Cash Out Home Equity: Tap into the equity you've built to fund major expenses like renovations, education, or debt consolidation.

4. Lower Your Interest Rate: If rates are down, refinancing to a lower rate could save you money each month and over the life of the loan.

5. Eliminate PMI: If your home’s value has increased and you’ve built up enough equity, refinancing could help you drop private mortgage insurance (PMI) costs.

Ready to explore your options? Talk to us today! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

With interest rates dropping, are you ready to refinance? 🏡

If so, give my team a call and let's chat about your options when it comes to refinancing! ⬇️

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Happy National Video Game Day! 👾

We don’t play games! We can get you into a home quickly!

Pre-qualify for a home today by clicking the link below! 👇

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Today, we honor and remember the lives lost on September 11, 2001.

We pay tribute to the heroes who sacrificed so much, the families who endured unimaginable loss, and the resilience of a nation that came together in the face of tragedy.

Are you a first-time homeowner? Here's some essential tips for new homeowners when it comes to building your emergency fund! 💰🏠

➡️ Be Ready for the Unexpected: Owning a home comes with surprises, and not all of them are good. From leaking roofs to broken appliances, unexpected repairs can cost thousands. Set aside 1-3% of your home’s value each year to handle these surprises with ease!

➡️ Prepare for Income Changes: Life happens—jobs can change, health issues may arise, and economic downturns can hit hard. Make sure you have 3-6 months of living expenses saved up. This fund can cover your mortgage, utilities, and essentials, giving you a safety net in tough times.

➡️ Protect Your Peace of Mind: Knowing you have a financial cushion can bring you peace and reduce stress. Start small, save consistently, and watch your emergency fund grow. This safety net will keep you from falling into debt and help you enjoy your home worry-free!

Building an emergency fund is not just a smart financial move—it's a game-changer for new homeowners. Start today, and ensure you're prepared for whatever life throws your way! 💪

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Here's some tips on how to avoid common mistakes that first-time homebuyers make:

➡️ Get Pre-Approved for a Mortgage: Don’t start shopping for your dream home without getting pre-approved first! Knowing your budget will save you time and make you a stronger contender in this competitive market. Plus, it helps avoid the heartbreak of falling in love with a home you can't afford.

https://bit.ly/PrequalifyWithBo

➡️ Always Get a Home Inspection: Even if the house looks perfect, hidden issues can be lurking. A professional inspection can reveal problems like structural issues, faulty wiring, or plumbing leaks that could cost you thousands down the road. Don't skip this crucial step!

➡️ Don’t Drain Your Savings for a Down Payment: It’s tempting to put everything into your new home, but don’t forget to leave some cushion for the unexpected. An emergency fund is essential for those surprise repairs, new furniture, or life’s little hiccups that can pop up anytime!

Happy House Hunting! 🏡

Summer is almost over and it's the perfect time to pre-qualify for a home before the holiday season!

Click the link below to get started! 👇

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

You may be familiar with the escrow account that helps manage your property taxes and homeowners insurance, but did you know there's another escrow account during the home buying process?

An escrow account is essential during your real estate transaction, acting as a neutral third party that holds funds or assets until all agreed conditions are met. 🏡

Here's how it works:

1️⃣ What is Escrow? It’s a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a transaction.

2️⃣ How it Works: When buying a home, your earnest money is placed in an escrow account. The escrow agent holds these funds until all transaction conditions—like home inspections, title searches, and mortgage approvals—are satisfied. Once everything is cleared, the funds are released, and you get the keys to your new home!

3️⃣ Benefits: Escrow protects both buyers and sellers by ensuring funds are only transferred when all terms are met. It offers neutrality, preventing disputes, and provides a clear record, ensuring transparency and accountability throughout the transaction.

If you're interested in learning more about this, reach out and let's chat! I'd love to talk more about this with you and how it can help you in your home buying journey! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Happy Labor Day! 🎉

Celebrating the hard work and dedication of all the incredible workers who make our nation strong! Thank you!

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Moving States? 🏡

We can go with you along the way!

We are now lending in 45 states! 🎉

Reach out below to chat about your home buying needs wherever you go! 👇

*some lenders can only lend in 44 states and excludes Maryland.

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

The holiday seasons is coming up fast! 🎄

Need more room for hosting & parties?

We can help connect you to a realtor partner!

Reach out below and let's chat! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Happy National Dog Day! 🐶

Interest rates may seem "ruff" but we have some "paw-some" programs to help! ❤️

Click the link below to pre-qualify for your home today! 🏡

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Happy National Waffle Day! 🧇

We like our clients a waffle lot! We appreciate you and your family so much!

If you're looking to buy a home in the near future, get pre-qualified today. Click the link below to get started! 👇

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

If you could live anywhere in the world, where would you live and why?

Let us know in the comments below! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Let's debunk some common mortgage myths:

➡️ Myth #1: You Need a 20% Down Payment
Many loans allow for much smaller down payments, such as 3.5% for FHA loans or even 3% for some conventional loans.

➡️ Myth #2: Your Credit Must Be Perfect
You don't need perfect credit to get a mortgage. FHA and VA loans have more lenient credit requirements.

➡️ Myth #3: It's Better to Rent than Buy
Buying a home can be a better long-term investment, as it builds equity and offers stable monthly payments, unlike rent, which can increase over time.

➡️ Myth #4: You Must Pay Off All Debt Before Applying
You don’t need to be debt-free to qualify for a mortgage. Lenders focus on your debt-to-income ratio, so having some manageable debt is not a deal-breaker.

➡️ Myth #5: Interest Rate is the Only Factor
While a low interest rate is important, you should also consider fees, points, and the loan's overall terms. The APR gives a fuller picture of the loan's total cost.

If you're ready to buy a house soon, reach out and let's chat! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

With mortgage rates possibly dropping soon, are you ready to refinance your home? 🏡🎉

Refinancing a mortgage can be a smart move if it aligns with your financial goals. It offers benefits like securing a lower interest rate, reducing monthly payments, or switching from an adjustable-rate to a fixed-rate mortgage for stability.

Refinancing can also help you access home equity for expenses or eliminate private mortgage insurance (PMI) if your home’s value has increased.

However, it’s important to consider the closing costs and whether extending your loan term or recent credit issues might outweigh the potential savings.

If you're ready to chat about the possibility of refinancing your home loan, let's chat today. Reach out! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

National Relaxation Day! ☀️

Kick back and relax this National Relaxation Day, knowing your dream home is just a pre-qualification away!

Pre-qualify in as little as 10 minutes! Click the link below to get started! ⬇️

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Let's learn about conventional loans! 🏡

What are they? 👇

Conventional loans are mortgage loans that are not insured or guaranteed by any government entity, such as the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the U.S. Department of Agriculture (USDA).

They are backed by private lenders and follow guidelines set by government-sponsored enterprises like Fannie Mae and Freddie Mac.

To qualify for a conventional loan, borrowers typically need a higher credit score, generally around 620 or higher. Those with higher credit scores may receive better interest rates and more favorable loan terms.

Conventional loans often require a higher down payment compared to government-backed loans. A common down payment is around 20% of the home's purchase price. If the down payment is less than 20%, borrowers usually need to pay for private mortgage insurance (PMI) to protect the lender in case of default.

If you think a conventional loan is the right loan for you, don’t hesitate to reach out and I’d love to chat more about your questions! ⬇️

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Don’t speak all of the lending lingo? 🏡

No worries! Whether you’re a first-time buyer or just need a refresher, we’re here to help.

Come to our team with questions! We’re fluent in all things mortgage and can break down the complex terms into simple, easy-to-understand language.

Let us guide you through the process so you can feel confident and informed every step of the way! 👇

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

It's National Pickleball Day! 🏓

Ready to ace your home purchase? Let’s paddle through the mortgage options and find the perfect fit for you! 🏡

Click the link below to pre-qualify today! 👇

https://bit.ly/PrequalifyWithBo

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.

Here's 3 tips on saving for a home and managing back-to-school expenses! 👇

➡️ Implement a Zero-Based Budget: Assign every dollar of your income to a specific category, ensuring you cover both back-to-school expenses and savings for a home. Add a small buffer in your budget for unexpected expenses, helping you avoid dipping into your savings.

➡️ Maximize Savings on School Expenses: Organize a swap with other parents to trade gently used items like uniforms, backpacks, and textbooks. Use credit cards with cashback rewards for school purchases, then transfer the cashback to your home savings. Make or repurpose items at home, such as lunch bags or book covers, to cut down on costs.

➡️ Find Additional Income Streams: Consider taking on a freelance project or part-time job during the back-to-school season to boost your income. Declutter your home and sell items you no longer need on platforms like eBay, Facebook Marketplace, or local consignment shops.

Happy Back-To-School Season! 🎉

Bo Smith | NMLS 92100
☎️: 601.982.1153
📧: [email protected]
NMLS ID #2258 | Member FDIC | Equal Housing Lender
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB.