Navigator Mortgage Inc.

Time for another mortgage option for would-be homeowners—and this one, folks? This one is good news if you’re wondering how in the world you’re gonna come up with a big down payment.

⬇️ Backed by the Federal Housing Administration, an FHA 30-year loan requires a lower down payment (as little as 3.5%) and is available to borrowers with lower credit scores.

🧾 Keep in mind that you'll need to pay mortgage insurance premiums (0.55% of the loan) until the loan is paid off.

Got a question about this or other mortgage options? Reach out–we’re always happy to “lend” a hand 🤝

Next up in our mortgage series: an overview of the 15-year fixed-rate mortgage.

If you’re considering this mortgage option, here are three initial questions to ask yourself:

✅ Do I want to pay off my home faster?
✅ Do I want to save on interest?
✅ Am I okay with the higher payments?

If you’ve answered “yes” to these questions, your mortgage search is not done! Your next step is to work with a qualified mortgage professional to fully ensure the right loan option for you.

Reach out if we can be of help, and stay tuned for our next post on FHA 30-year loans 👀

🏠🔍 Lost in the mortgage maze? We don’t blame you–there are a lot of mortgage options to choose from!

To help, we’re kicking off an educational mortgage series today, focused on the major mortgage options. First up: the tried-and-true conforming 30-year fixed-rate mortgage.

📋 Features: Relative stability and predictability with mortgage payments. As a conventional mortgage, it’s better for people with higher credit compared to its FHA counterpart.

✔️ Pro: With a fixed interest rate and a nice long term, you'll have peace of mind knowing your payments won't change.

❌ Con: The longer the term, the more you'll pay in interest over time. You will accrue less interest with a 15-year loan.

Keep an eye out for the next post in our series, focused on conforming 15-year fixed-rate mortgages. And, of course, reach out if we can be of help 🤝

It’s no secret that the real estate market has been tough for many Americans over the past few years, which makes us even happier to share some good news with you all 🎉

For 2024, the Federal Housing Finance Agency (FHFA) has increased the baseline conforming loan limit (CLL) for single-unit properties. Swipe through to learn how this could impact your homebuying journey ↩️

Have questions about conforming loan limits? Give our office a call – we would be happy to assist.

Ready to make your homeownership dreams come true? 🎉

If one of your goals for 2024 is to buy a new home or make a strategic move in the real estate market, we’re here to help you take the first step!

Here's three quick tips for getting started. Swipe through to learn more ↩️ And if you have questions or want to begin the process, feel free to DM us or give the office a call.

Together, we can make 2024 your best year yet!

During our years in the real estate industry, we’ve learned that the appeal of buying a home is much more than a monetary investment for our clients. It offers a sense of security and stability that is hard to find elsewhere 🏡

With rent prices increasing more than 13% in the past two years, owning a home also means having stable payments, avoiding rent hikes, and setting up future generations for success.

This time of the year, especially, we are extra grateful for being able to facilitate the gift of homeownership for our clients. If you own your home, what do you love most about it? Let us know in the comments ⬇️

This Thanksgiving, we're thankful for amazing clients like you! As you enjoy time with loved ones, remember how grateful we are for your trust and support 🙌 Happy Thanksgiving from our team! 🦃

Please note our office will be closed on Nov 23-24. We'll be back on Nov 27 to assist you!

What’s your favorite part about Thanksgiving? Let us know in the comments ⬇️

Did you know that 99.9% of businesses in the U.S. are small businesses? While the spotlight often falls on large corporations, the reality is that small businesses drive our economy in a big way 💪

Whether you're looking to get a head start on your holiday shopping or simply want to make a positive impact in your local community, here are five ways to support your favorite small businesses.

Tag or link your favorite small businesses in the comments, and let’s get a running list going! ⤵️

On this Veterans Day, we honor the courageous men and women who have selflessly served our country to safeguard the freedoms we cherish.

If you, a family member, or a loved one is a current or former service member, we extend our sincere thanks today and every day ❤️🤍💙

Exciting news alert for prospective buyers! 📣

In anticipation of the Federal Housing Finance Agency's (FHFA) official announcement later this year, several major mortgage lenders in the U.S. are proactively raising their conforming loan limits to $750,000. And the best part? These increases are being rolled out before the new FHFA thresholds for jumbo loans officially go into effect in January.

🚨 Keep in mind that application approval and loan amount depend on a variety of factors, including your credit score, income, and employment history 🚨 Reach out to our team to learn more about your specific mortgage options!