Esperanza Garcia- Sr. Loan Officer# 1442438 nmls2485444

👑👑👑👑 INVESTORS- I can cash out your investment property with a DSCR loan without any of your personal income and close you in under 21 days. For this client, he understood that during the current market, CASH is 👑 and sought to leverage a paid off investment property to make a cash offer on another investment property. ⭐ ⭐ ⭐ ⭐

A "Cash Out Refinance" refers to the process of refinancing an existing mortgage loan ( or no mortgage) for an amount that is greater than the balance remaining on the current loan. The difference between the new loan amount and the existing loan balance is given to the homeowner in cash.

🗝Uses of Cash: The cash received from a Cash Out Refinance can be used for various purposes:
• Home improvements or renovations
• Debt consolidation (paying off higher-interest debt like credit cards)
• Investing in other properties or ventures
• Covering large expenses like tuition or medical bills
• Any other purpose as determined by the borrower

Cash Out Refinance with DSCR Considerations: In real estate or investment property financing, lenders often calculate the Debt Service Coverage Ratio (DSCR) to determine the property's ability to generate enough income to cover the debt payments associated with the loan. A DSCR loan, therefore, would typically refer to a loan where the lender considers the property's income (DSCR) as a primary factor in determining the loan amount and terms

🏡🏡🏡🏡How Many borrowers can you have on a loan application???? For this closing It took three siblings to join their assets and financials together to buy this beautiful home as an investment⭐ ⭐ ⭐ ⭐The number of borrowers that can be on a mortgage application typically depends on the policies of the lender and the type of mortgage being applied for. This is often the case for standard residential mortgages where multiple individuals, such as spouses or family members, may jointly apply for a mortgage.The exact number allowed will depend on the lender's specific policies and the type of mortgage product being applied for. Mortgage Definitions for the different titles that can be given to a person when purchasing a 🏡.

1.Primary Borrowers: These are the individuals who will be primarily responsible for the mortgage and its repayment.
2. Co-borrowers are individuals who are equally responsible for the mortgage and have their income and credit considered during the underwriting process. ( Occupant or Non Occupant?)
3.Guarantors: Some mortgage applications may also include guarantors. A guarantor is someone who guarantees the loan in case the primary borrowers default. Guarantors are not co-owners of the property but provide additional security for the lender.

🗝🗝🗝🗝 Conventional allows- 4-5 borrower depending on which underwriter system your lender uses for your approval .

🗝🗝🗝FHA Loan Program-Maximum 5 applications are allowed for AUS approved loans. ( One application can include borrower and co-borrower)

****** The number of properties a veteran can purchase using their VA benefits is not limited by a specific number. Instead, the key factor is the veteran's eligibility for a VA loan, which can typically be used to purchase one primary residence at a time. ****

It was property #3 for our below Veteran. Have questions about the VA program? I am a VA-approved lender who can provide specific guidance based on their individual circumstances and eligibility. The rules and benefits associated with VA loans can vary, so it's advisable to seek personalized advice when considering multiple property purchases using VA benefits.

😝*** STORY TIME****😝

🏡 🏡 🏡 🏡 To get to the finish line with this one, I had to call a family member in Mexico for a good contact to retrieve to the client's TAX TRANSCRIPTS FROM MEXICO (LA HACIENDA) to ensure we have 2 years of employment verified because nuestros queridos Mexicanos estaban de vacaciones hasta el dia de reyes!!! It was a wonderful learning experience. 🚨🚨🚨🚨🚨DID YOU KNOW ... that you can buy a home in the USA with proof of work history in another country as long as we can verify that employment with your taxes? 🚨🚨🚨🚨🚨
🚨🚨🚨🚨🚨We can also help you with a NO SCORE loan option if that is ever holding you from buying a home. 🏡 🏡 🏡 🏡 ⁨(832) 431-1633⁩

🎉🎉🎉 The 🗝 to CLOSING this deal was to have the dad of the borrower as a ⭐NON- OCCUPANT CO- BORROWER.
💢A non-occupant co-borrower refers to a person who is included on a loan application along with the primary borrower(s) but does not intend to live in the property being financed. This arrangement is common in mortgage applications where the primary borrower may not qualify for the loan on their own due to income or credit issues.
💥✍ 🏡












in 2024

The mortgage process typically involves several steps: pre-approval, finding a home, making an offer, getting the loan approved, appraisal, closing, and finally, moving in. Each step requires documentation, patience, and sometimes negotiation. Want to start the process, call me today at 832-431-1633!!

Are you interested in buying a home but not certain how all the numbers add up? Give us a call and we'll show you just how affordable that home can be with different terms, rates and other variables. Let's get started today!

It was OK while it lasted ... but if you're feeling weighed down and need more freedom, consider purchasing a home! You'll build equity and start building a life the way you want it. We're breakup experts — call us today!

There's no easy answer for how long the average home search takes — so much depends on market conditions and time of year. Our best advice: Don't stress if your search is taking longer than expected! Call us today!

Got your eye on an investment opportunity? Call today and learn how we can help you lower your monthly payment — or cash out your equity — to free up money for your next move.

A temporary rate buydown can help you get a lower mortgage payment in the early years of your loan — this means more money in your pocket each month making it easier for you to settle into your new home.

Don’t let your credit score hold you back when it comes to buying a home! FHA loans are more forgiving when it comes to credit, and you may be able to get one with as little as 3.5% down. Want to see if you’re eligible? Reach out today to learn more.

Many believe the three most important things to consider when buying a home is price, location and features. Let's add one more — talking to an independent mortgage broker. We'll make sure you get the mortgage that's right for you. Call us today!

If you’re self-employed, gathering income documents or tax returns for a mortgage application can be a real hassle. That’s why we offer Bank Statement Loans – where you could simply provide bank statements to qualify for a loan up to $3M. Call us today!

Ever thought about getting a home equity line of credit (HELOC) to help pay for home improvements? Call me to discuss our offerings and see just how flexible we can be!

Your family keeps growing, but your apartment doesn't. It could be time to make the switch to a home of your own. Give us a call today to discuss your mortgage options!

After you buy your home, the title is the document that proves you own the property. No one else has a right to claim the property when you have the title. Have questions? Give us a ring!

Megabanks can be mega slow! Speed up the homebuying process by skipping banks and online lenders and work with us instead. We close loans on average of 20 days or less.

Curious about your options? I can show you pricing for different interest rates, terms and special waivers you may be eligible for — anything that can affect your monthly payment. Call me today to chat!

Did you know that you can purchase your home with cash and refinance after the purchase is complete? Call us today to get your money out of your home and back in your pocket!

Want to add on to your home? Pay off debt? Eliminate your mortgage insurance? Now is a great time to do all this and more if you refinance. Call me today and let's talk about what's possible.

You could be eligible to lock in an interest rate before you put an offer on a home. Call today to see how!

Hey, you could luck out and fall in love with the first home you look at — but studies indicate the average homebuyer takes an average of 8 weeks to find their home. Call me to get pre-approved today!

This Employee Appreciation Day, we're honoring our amazing team who is dedicated to providing elite customer service to our clients. If you also have an unwavering commitment to helping others, reach out today! You may be a great fit for our talented team!

Refinancing could shave hundreds of dollars off your monthly mortgage payment. Want to see if your'e eligible? Call me today!

Why do buyers waive escrow on their new mortgage? One reason is to save the money they’ll need for insurance and property taxes by using a high-yield savings account, earning interest until the bills come due. Curious if you qualify for an escrow waiver? Reach out today!

Looking to renovate, but don't want to lose your current rate by refinancing? With a Home Equity Line of Credit (HELOC), you can tap into your equity and use it to fund your new home project. Call me to get started!

Did you know a higher credit score can result in a lower home loan interest rate? To improve your credit score, pay your bills on time, don’t exceed the spending limit on credit cards and monitor your credit report for errors. Call us for more interest-saving tips!