Porfirio Hernandez - CMG Home Loans

Setting your aim 🎯 on homeownership? A straight shot to the home of your dreams starts with a mortgage preapproval. Give me a call to take the first step!

How has the VA Loan evolved throughout the years? Since its creation in 1944, this program has provided homeownership opportunities to millions of Veterans. As we celebrate the 80th anniversary of the VA Loan, here’s how the program has expanded in recent decades: http://spr.ly/6187cVlnH

Think it's a good idea to browse home listings before getting preapproved? Think again! A preapproval lets you know how much you can afford, so you don't get your heart set on a home that's out of your budget. Ready to get started on your mortgage preapproval? Give me a call!

Amidst inflation and rate volatility, how can you stay afloat? We're proud to offer our 🛟 Float Down Option 🛟 to help you find your dream home at the right rate. If rates go up, you're protected. If rates go down, you get the benefit. Ask me how our Float Down Option can lead you to smooth sailing ⛵

The base FICO® Scores range from 300 to 850. The higher the score, the lower the risk to lenders. A "good" credit score is considered to be in the 670-739 score range. A credit score between 740-799 is considered "very good" and a score over 800 is considered "exceptional"

Summer is heating up! As temps are rising, chill out with these summer home maintenance tips:

The summer heatwave is rising, and so are these hot home décor trends! From dark academia to vintage designs, here are seven popular home trends this summer: http://spr.ly/6186ioID4

Is builder data predicting future rate declines? Yesterday, the National Association of Home Builders (NAHB) released its housing market sentiment index for July. Here’s what you need to know: http://spr.ly/6183i9meS

Credit report vs credit score-- what do you need to know? Not only are the two different, but they're used for different purposes. Here's a handy chart to help you understand the distinction

When you originate a loan, you will be required to make some initial payments upon your closing: one is the down payment, the other is your closing costs. Closing costs typically include the loan origination fee, appraisal fee, credit report fee, tax service fee, closing/escrow fee, mortgage recording charge, hazard insurance premium/reserves, and county property taxes/reserves, totaling 3-6% of the loan amount

Did you know?? There's CASH💰 trapped inside your home! That's right, it's called home equity and it's the difference between the market value of your home and the amount of your mortgage that you still owe. Here are 5 ways you can leverage your home equity to meet your goals

Need some good news?! The consumer price index (CPI) was released this morning and showed cooling inflation in June. As a result, the average 30-year fixed mortgage rate dropped to the lowest level since March. Read more in the Market Update: http://spr.ly/61819Abwd

You can remodel the bathroom, renovate the kitchen, paint the exterior, and spruce up the landscaping, but there's one aspect of a home you can't change: LOCATION. When house hunting, be sure to keep location in the forefront of your mind

How's your summer project 🚧 🧰 coming along? With the All In One™ Construction Loan 🛠️, you can build your dream home and start building equity IMMEDIATELY! Want to learn more? Contact me today!

Let freedom ring! Happy 4th of July from your friends at CMG Home Loans! 🇺🇸

What’s new in market news? Although mortgage rates have inched higher in recent weeks, the upcoming jobs report could help to reverse the trend. Here’s what you need to know: http://spr.ly/61849OKtE

VA, FHA, USDA, oh my! With all the different loan options, how do you know which one is right for you? Scroll through as we break down Conventional, VA, FHA, and USDA Loans

Are you ready to declare independence from your landlord? When you own your home, you have the freedom to paint the walls any color you like, renovate the kitchen or bathrooms, install fixtures of your choice, or create a beautiful garden in the backyard. You don't need your landlord's approval, just a mortgage preapproval!

As the temperatures are heating up, are you ready to dive into homeownership? As you begin the home buying process, here are five ways you can financially prepare for a home loan: http://spr.ly/6184gFswI

Real talk— do you *really* need a REALTOR®? While it's not a requirement, having a knowledgeable real estate agent can help you navigate the current market, sell/buy quicker, and earn higher profits. Scroll through ➡️ to see why working with a real estate agent pays off

Thinking of closing out your credit card? Wait until AFTER closing day! Closing a credit card, even if you've paid it off completely, factors into your score differently than just having it paid off. Our advice? Wait until after you close on your mortgage to close a credit account

Need some good news? According to a recent report by Realtor.com, there are now 35.5% more homes on the market than this time last year. Need some even better news?! There’s a rising number of AFFORDABLE homes hitting the market. Read here: https://www.cmgfi.com/mysite/porfirio-hernande/blog/glimmers-of-hope-for-home-buyers-arise-as-inventory-inches-up-2024-06-21

Being a homeowner comes with a number of perks and financial benefits; one of which is home equity. Home equity is the difference between the amount you owe on a mortgage and what the home is worth. Do you know how to make the most of your home equity? Scroll through➡️

When was the last time you changed your air filter? Generally, most air filter manufacturers and HVAC companies recommend changing your air filter every 90 days, or 3 months. Changing your filter can improve home air quality and energy efficiency, as well as providing you with better temperature control

Want to keep cool without sweating the electric bill? Scroll through for 5 tips to cool your home without breaking the bank 🧊😎

No W-2? Don't sweat it! 😅 We have exclusive loan programs to help you slide into homeownership this summer. Ask me about our non-QM solutions!

What’s new in market news? Yesterday, the consumer price index (CPI) revealed that inflation levels in May were lower than expected. As a result, mortgage rates trended downward. Read here: http://spr.ly/61895qY2Z

As we celebrate National Homeownership Month, are you ready to purchase your first home? Ask yourself these 5 questions to determine if you're ready to break up with your landlord!

Looking for that sweet spot between staying cool and keeping your energy bill low? Experts recommend setting your thermostat to 78°F in the summer months