Luke Veoukas - Mortgage Advisor

Comment below and tell me what's stopping you? I would be happy to help remove obstacles if you have goals to buy a home in 2022. Contact me today to learn more or to get started!

How Much House Can You Afford? Knowing you want to buy a home is one thing; knowing how much of a mortgage payment you can handle is quite another. If you’re curious how much home you can afford, based on your income and debt, give my team a call today! We’d love to help you get started on the journey to homeownership.

Are you tracking your home equity, while saving money and building wealth? We offer all of our clients a free tool, to do so, as our value add to you! Give me a call today to learn more!

Looking for your new home without finding how much you qualify for is putting the cart before the horse.

Instead, find out what you qualify for and make sure you can afford your payment. It will save you a ton of time and heartache when you do start your home search.

If your Mortgage Professional isn’t committed to your overall financial growth and wellbeing, then it’s time to find a new one.

With our Perfect Mortgage Promise, we proactively reach out to our clients to make money-saving recommendations as soon as opportunities become available.

We’re always looking for ways to add value to our clients and help them be successful homeowners. Grow their wealth. Build their home equity. With tools and advice, we help you on your journey.

Contact me today to learn more.

As mortgage professionals, our role allows us to witness the process of buying a house. We get to experience the joy of our clients becoming homeowners along with them. Their joy and excitement become ours too.

To me, it is always more than a just house: it’s a home. A place where memories will be made and cherished for years to come. A safe place to be surrounded by your loved ones.

Home has a different meaning for everyone. How would you define your home? What makes your house a home?

A bewildering variety of mortgages may be available, but for most homebuyers, in practice, one is widely the more popular of them all.

The 30-year fixed-rate mortgage is practically an American archetype, the apple pie of financial instruments. It is the path that generations of Americans have taken to first-time homeownership. But many of those buyers might have been better served if they had opted instead for a 15-year fixed-rate mortgage.

The loans are structurally similar—the main difference is the term.

While a 30-year mortgage can make your monthly payments more affordable, a 15-year mortgage generally costs less in the long run.

KEY TAKEAWAYS:

1) Most homebuyers choose a 30-year fixed-rate mortgage, but a 15-year mortgage can be a good choice for some.

2) A 30-year mortgage can make your monthly payments more affordable.

3) While monthly payments on a 15-year mortgage are higher, the cost of the loan is less in the long run.

If you’re unsure which route you should go, give me a call today. We can help answer all of your questions and get started.

Student Debt kills the inspiration for so many people who are looking to buy a home. That being said, if you don't know your options or don't have a plan then it's really tough to find a way into homeownership if you do have Student Debt.

If you're struggling, then I can walk you through what that plan looks like. It's totally free, there's no catch. This is just what I do. Schedule some time.

We never want to be your run of the mill mortgage lender that just provides you with debt and you never hear from them again. We take the time with our clients, like they deserve, we educate ourselves, continually, and we encourage our clients to expect MORE from their lender.

Our relationship doesn’t end when the transaction closes. That should be the beginning of our relationship. We want to help guide you through your real estate goals, long after the deal closes. We want to take a thorough look at your scenario to help you make the RIGHT choice and decision, not just give you debt, when that might not be the best decision for you at this time.

We stand behind our motto: More Educated, More Motivated, More Confident, HOME BUYING. We want to help homeowners be the best homeowners they can be. And we provide tools and resources, along with your home loan, to help you pay it off, build wealth and manage the biggest asset of your life. Give me a call today to learn more or to get started.

Divorce is never an easy thing to think about or discuss. But sometimes our clients have inquiries and just need some guidance and answers. We can help guide you, if you’re wondering what you should do in the event of a divorce or separation as it pertains to your home and your mortgage? Contact me anytime.

Looking to compete with an all-cash offer? No contingencies? Purchase with confidence and only move once? Give us a call today to find out more!

What are the different credit score ranges?

To interpret your credit score, and what it tells you about your borrowing power, you need to understand where the score falls along the score range between the lowest and highest numbers generated by its scoring system.

All credit scores have the same basic goal: helping lenders (and other potential creditors, such as landlords and utility companies) understand how risky it may be to do business with you.

High credit scores indicate relatively low likelihood of default and relatively low risk for creditors.

Lower scores, in turn, indicate greater risk.

An extremely low credit score, which suggests a history of poor debt management, may cause creditors to decide against lending you money, leasing you an apartment, or issuing you phone or cable equipment.

More often, lenders use credit scores, along with other information such as employment history and proof of income, to decide how much they are willing to lend you and at what interest rate.

Landlords and utility companies also may use credit scores to help decide whether to charge you a security deposit—and how large it should be.

Here is a breakdown as provided by Experian.com.

EXCEPTIONAL: 800-850
VERY GOOD: 740-799
GOOD: 670-739
FAIR: 580-669
POOR: 300-579

Learning what yours is and working to improve your score, if needed, is often essential. We’re here to help you with all of your home loan needs. We are an Equal Housing Lender. Contact me to learn more or get started.

Pressed for time? Apply online!

Can’t leave work to meet in person for you pre-purchase consultation? Meet me on zoom!

Time to sign documents for your home loan? E-Sign!!

We’ve got you covered! We’re here to help remove the stress out of the home buying process.

Our team is an award winning, seasoned and experienced team of Mortgage Advisors, ready to help you get into that next home, or your first home.

Looking to refinance? We’ve got you covered!

Give me a call today to discuss your options. We’d love to earn your business!

Home prices are rising, which can make the process of buying a home even more intimidating right now.

It can feel like chasing after a moving train. But that’s also why it’s a great time to look into buying a home.

Once you’re a homeowner, your investment grows with the market. Once you’re on the train, it takes you along for the ride.

The long and short of it all is that at the very least, it’s an opportunity worth exploring.

When you’re buying a home, don’t make an emotional decision, make an educated decision.

And that means talking to professionals who know what they’re doing.

They’ve been with the market for decades, and they know the route the train will take.

Our team has a map open, and we know how to slow the train down to give you time to board.

For many, owning a home is part of the American dream. For most homeowners in America, getting a mortgage is just one of the steps it takes to get there. If you’re contemplating homeownership and wondering how to get started, you’ve come to the right place.

We would love to help answer all the MORTGAGE BASICS, including loan types, mortgage lingo, the home buying process, and more. Here’s a little dive into some details, however, if you’d like to speak to me directly to find out more, we’d love to chat!!

SO, WHAT DOES THE WORD “MORTGAGE” EVEN MEAN?
A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. Mortgages are also referred to as “mortgage loans.” Mortgages are a way to buy a home without having all the cash up front.

WHO GETS A MORTGAGE?
Most people who buy a home do so with a mortgage. A mortgage is a necessity if you can’t pay the full cost of a home out of pocket.

WHAT IS THE DIFFERENCE BETWEEN A LOAN AND A MORTGAGE?
The term “loan” can be used to describe any financial transaction where one party receives a lump sum and agrees to pay the money back. A mortgage is a type of loan that’s used to finance property. A mortgage is a type of loan, but not all loans are mortgages. Mortgages are “secured” loans. With a secured loan, the borrower promises collateral to the lender in the event that they stop making payments. In the case of a mortgage, the collateral is the home. If you stop making payments on your mortgage, your lender can take possession of your home, in a process known as foreclosure.

HOW DOES A MORTGAGE LOAN WORK?
When you get a mortgage, your lender gives you a set amount of money to buy the home. You agree to pay back your loan – with interest – over a period of several years. You don’t fully own the home until the mortgage is paid off. The interest rate is determined by two things: current market rates and the level of risk the lender takes to lend you money. You can’t control current market rates, but you can have some control over how the lender views you as a borrower. The higher your credit score and the fewer red flags you have on your credit report, the more you’ll look like a responsible lender. In the same sense, the lower your DTI, the more money you’ll have available to make your mortgage payment. These all show the lender you are less of a risk, which will benefit you by lowering your interest rate. The amount of money you can borrow will depend on what you can reasonably afford and, most importantly, the fair market value of the home, determined through an appraisal. This is important because the lender cannot lend an amount higher than the appraised value of the home.

If you’re interested in learning more, we are here to help. Our team can walk you through the process from start to finish. Give me a call today to get started!

Is an FHA loan right for you? What are the qualifying factors? What are your options? We have answers! Give me a call today to inquire and discuss.

Did you know you can get fully underwritten approved in advance BEFORE you put an offer on a home? Getting ‘’Fully UW approved’’ puts you in a BETTER position than just being pre-approved. Compete with all cash offers! Give me a call today to find out more!

Here’s to hoping you’re all snuggled up in socks by the fire at HOME today! Wishing you ALL a very Merry Christmas to you and your family & loved ones! From all of us here at Neo Home Loans.

Merry Christmas from our family to yours! 🎄

Whatever you are celebrating, we want to wish you a HAPPY HOLIDAYS from our team to you! Season’s Greetings and warmest wishes for a safe and warm holiday at home!

May you feel love and peace at HOME for the holidays! Wishing you a safe and relaxing holiday.

What are some of your family’s favorite holiday traditions? Let’s hear in the comments what you enjoy doing as a family during the month of December?

Looking for down payment assistance options? Struggling to come up with a down payment for a home loan? Give us a call today! There are programs and options that could help you out. Contact me to learn more.

Is buying a new home on your Wish List to Santa this year? If you’ve been wondering IF you can afford a mortgage, or WHY you should buy real estate to maximize wealth, or HOW to obtain a mortgage and go through the process, we are here to assist! It’s what we do! Give my team a call today to find out more and discuss your options.

At Celebrity Home Loans, our goal is to show you a new approach to obtaining a home loan. One with careful thought and deliberation around the strategy that’s going to maximize your long term wealth, first and foremost.

Give me a call today to learn more!