Cyrus Mulitalo, Loan Officer I NMLS Id#1538206

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The year 2020 saw the most first time home buyers in the history of the US.

Real estate reality or mortgage mumbo-jumbo?

For all the mortgage moguls out there…

Let’s test your knowledge ;)

[You need perfect credit to get approved for a mortgage.]

Which decision would you make?

Pay off your loan over 10 years at 3% interest, and have less day-to-day spending cash?

OR

Pay off your loan over 30 years at 4% interest, spending more in total on interest but having more day-to-day spending cash?

There is no one correct answer, as it all depends on your personal situation and lifestyle. We’d love to know what decision you’d make!

There’s a lot to think about when it comes to picking the perfect loan 🤔

What does your ideal mortgage loan look like?

Woe to inflation!

We are here to ease your mind about your mortgage payments, and get you through to the other side! Give us a call today to see how we may be able to help your combat the unsavory conditions of today’s market :)

It’s no secret that having good credit is important when it comes to getting a mortgage.

But we want to know what you think:

[It’s easier to build good credit than it is to maintain it.]

This one hits a little too close to home 😂

For the younger homeowners out there…

What do you call someone who mails their mortgage statements?

Post Malone ;)

Closing costs? You’ve gotta be kidding me…

So you've been paying your mortgage for years and years, and finally the end is in sight.

Then BOOM! It hits you – you’re reminded that you need to pay closing costs as you finish up your loan.

What a bummer.

Here’s what may be taken into account when the closing costs are being decided:

-A survey fee paid to verify property boundaries
-A flood certification fee to ensure the property is not in a flood zone
-The title search fee to check the history of the property, ensuring there are no legal claims on it
-Attorney costs associated with closing the loan
-Recording and transfer costs—a fee paid for recording the purchase of your home
-Loan preparation fees, being a percentage of the overall loan amount
-Escrow accounts, including private mortgage insurance (PMI), homeowner’s insurance, and property taxes

A lot goes into buying a house, so make sure you do your research and prepare yourself – with enough planning, you too can own the home of your dreams!

I paid off most of my mortgage!

Now it’s lessage 😂

Mortgage mania!

For most people, the best option for buying a house is to take out a mortgage. But what exactly does that mean?

A mortgage is the agreement between you and a lender, which gives the lender the right to take your property if you are unable to repay the borrowed amount plus interest.

I know, right? Pretty heavy.

So it's very important that you take the time to get yourself the best deal possible! Here are a few things to look out for when taking out a mortgage:

-The size of the loan
-The interest rate
-The closing costs of the loan
-The lender's fees
-The Annual Percentage Rate (APR)
-The type of interest rate and whether it can change (fixed vs. adjustable?)
-The loan term (how long you have to repay the loan)
-Whether the loan has a prepayment penalty, a balloon clause, an interest-only feature, or negative amortization

Being educated about your decision is the first step to ensuring that you will be able to pay it off and own the house of your dreams!

Happy hunting!

Here’s a good one for all the lending lovers out there…

Why did the mortgage lender go out of business?

Lack of interest 😂

Here’s one for you:
A 20% down payment is required to get a mortgage…

We all dream about finding a mortgage with the perfect rate.

Well, maybe not all of us.

But for those of you who do, we’d like to know: what are your mortgage must-haves?

The bank wants to repossess my treehouse.

They say I haven’t kept up with my mortgage payments.

But I’m convinced it’s a mix up from when I moved branches 😂

We find great fulfillment and satisfaction knowing that we are giving the people of our community the opportunity to move forward with their lives without the worry of losing their homes.
The sincerest thanks to every one of you for your business and for your trust!

We all get by with a little help from our friends :)

That's why we are here for you when you need a bit of extra cash to make your dreams come true.

The last time you took out a loan, what was it for, and was it worth it?

Mortgage lending services are in higher demand now than ever before!

That’s because we help you secure the home you’ve always dreamed of!

But don’t just take our word for it. Send us an email or leave a comment and we’ll show you just how much we have to offer ;)

If you want to get a mortgage, maintaining a good credit score is essential.

[The last time I checked my credit score was _____]

I had a dream last night where every time I took out a dollar from my wallet, it would fill up again with 100’s.

I went straight to a chocolatier and bought their entire stock.

If you ask us, true happiness comes with buying your first home.

Luckily for you, there’s nothing that makes us happier than making others happy!

Does that pique your interest?

It should ;)

If you’d like to learn more about mortgages and how you can get one today, just send us a message or leave a comment down below!

Inflation giving you the blues?

We’re happy to help if you’re struggling to make those mortgage payments.

But we’d be even happier if you never needed to come to us in the first place – so here’s a tip you can use to save money on your mortgage:

Even though a 15 year mortgage will have a much lower interest rate than a 30 year mortgage, you are tasked with making monthly payments that are considerably more expensive – and that may be too much to handle.

So why not take out a 30 year mortgage, but pay it off quicker?

The great thing about this is, you can make payments as if it is a 15 year loan, but without the added stress and responsibility of the higher minimum payment.

That way if you ever find yourself in trouble, you’ll have a much easier time making those minimum payments.

Just watch out that your mortgage doesn’t include a prepayment penalty – that would put a serious damper on your plans.

Even though we would miss your company, we’d be happy to know that you are succeeding in building the life of your dreams, without any worry of losing your home.

After all, we are here to help :)

If you’re anything like me, you spend your Friday nights relaxing with a big bowl of popcorn and a good movie.

So now I want to know: what’s your favorite housing market movie?

I’ll go first: The Big Short

Considering taking out a loan, but unsure of what is needed from you?

Thankfully, taking out a loan is easy. There is one thing you may want to look into though…

When applying for a loan, the first thing the lender will check is your credit score.

If you’re unsure of what your credit score is, it is very simple to check. Just give your bank a call and they will be able to tell you.

If you land anywhere above 580, you’re looking pretty good!

If not, you may consider taking action to bump up those numbers 📈

Incoming – a hot mortgage tip to save you big in the long run!

Try making payments every two weeks instead of once per month.

So a normal 30-year loan will come with 360 payments – 12 per year. But check this out:

If you take your monthly payment, divide it in half, and pay that amount bi-weekly, you will end up making the equivalent of one extra monthly payment each year, while saving big on interest over the long run!

For example, a 30-year, $200,000 mortgage at 4% will translate to about $11,460 a year. With a biweekly payment schedule, you’ll be paying $12,400 per year. Yes, it's a bit more. But here's why it's a good idea…

Over the lifetime of the loan, you would save $23,000 in interest – holy mortgage, Batman!

I can think of a couple things I would do with an extra $23,000…

So give it a shot!

A little advice can go a long way…

[The best mortgage-related advice I’ve ever received is ___]

Debtception!

One thing you should avoid at all costs, is taking out a loan to cover pre existing debt.

If you feel like it's your only option, we strongly recommend you calculate your “debt to income ratio” first.

The calculation goes as follows:

1) Add up all your monthly debt payments
2) Divide them by your gross monthly income

If you fall above 43%, you should strongly consider finding another option.

Because when taking out a loan to pay off debt, it's never tit for tat – you’ll have to pay it back, and then some!

Keeping an eye on interest rates is essential when it comes to mortgaging your home.

So now we want to ask you:

Would you rather have an adjustable-rate mortgage or a fixed-rate mortgage?

Why was the mortgage so clingy?
It hated being alone… 😃