Nicholas Mineo

Mortgage Forbearance Update:
Huge news from Mark Calabria, the director of The Federal Housing Finance Agency.

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“Homeowners who are in COVID-19 forbearance, but continue to make their mortgage payment, will not be penalized,” said FHFA Director Mark Calabria. “Today’s action allows homeowners to access record low mortgage rates and keeps the mortgage market functioning as efficiently as possible.”

Make sure to contact your mortgage servicer directly with questions regarding forbearance.

Wondering if you may benefit from a refinance today ❓❓❓❓⁉️⁉️

Shoot me a message

One of the things I wished I would’ve learned as a young lad in school, is the power of compound interest!

If you haven’t thought about your retirement plan, you should start now.

Roth IRA accounts have historically delivered between 7%-10% average annual returns. Way better to start investing in your future sooner rather than later.

These graphs demonstrate how you can build wealth by consistently contributing and let that compound interest go to work! Look at the difference of an extra 10 years of investing..

With interest rates at an historic low, now is a great time to get your foot in the door and purchase your first property!

Lower interest rates = higher buying power
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Wondering how much of a mortgage you qualify for? Shoot me a message!

Nicholas Mineo updated their business hours.

Applying for a home loan soon? Do yourself a favor. DO: Work with a local mortgage broker Excel Mortgage Services who'll shop around for your best loan. DON'T: Buy a car or make any other major purchase that will affect your credit.

How does the mortgage industry work? What is going on in the mortgage industry today? Check out this great article linked below written by Barry Habib of MBS Highway.

https://mbshighway.com/mortgage-crisis.html

Mortgage Crisis and Fed Unintended Consequences The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required ...

Do you want lower rates? More loan options? Expert guidance? A fast, easy process? If you answered yes to any of these questions, your best choice is to work with a mortgage broker. Call me today!
www.nicholasmineo.com

If you’re looking to lower your current rate, consolidate debts or obtain cash from your equity, it may be a good time to refinance. Call me today to discuss your options!