Jett Ruiz

This client purchased a home for his father, however upon opening escrow and pulling credit, a recent credit derogatory popped up on his report that he was unaware of, significantly impacting his score down to 598. We ran a credit simulator to see what could be done to get it to a 600 min score, so we paid off an Amex balance in full and ran a rapid rescore to get him to 606 for qualifying.

In this scenario, we went from a 6.990% interest rate conventional loan to a 11.375% Non-QM loan. The client was able to maintain liquidity with 25% down and secure the property for his father. We are currently working with a credit repair specialist to increase his score over the next 6 months and refinance this into a conventional loan at a much more competitive rate and payment.

This is a great lesson as to why it is so important to maintain your credit profile. If you need assistance on where to start, please feel free to reach out and I'll get you pointed in the right direction.

One of the main benefits of being a broker is being able to pivot at any moment to solve problems and find solutions to benefit your clients.

If you or anyone you know is in the market to purchase real estate, please let me know as I would love to assist!

Congratulations to my client's on their first home purchase! Always nice to have a seamless transaction start to finish. Such a pleasure working with clients who are motivated and responsive, much appreciated. And of course a shoutout to the rockstar agent, Justin Snyder Real Estate Team!

Check out our weekly Inside Lending newsletter detailing the weeks mortgage, real estate and business news.

Questions about the market? Send me a message and lets talk!

Inside Lending A weekly email detailing the weeks mortgage, real estate and business news.

Check out our monthly Power Tools newsletter with helpful business tips and tricks.

Questions? Send me a message and lets talk!

Power Tools A monthly email with helpful business tips and tricks.

Check out our monthly Essential Hacks newsletter exclusively for Realtors about converting more home buyers and getting more listings from sellers.

Questions? Send me a message and lets talk!

Essential Hacks Monthly newsletter exclusively for Realtors about converting more home buyers and getting more listings from sellers.

Check out our monthly Home & Wealth newsletter with helpful news about owning a home and saving or spending wisely.

Questions? Send me a message and lets talk!

Home & Wealth A monthly email with helpful news about owning a home and saving or spending wisely.

🏠 Looking for a mortgage lender?

Here are key factors to consider:

1️⃣ Interest rates: Compare rates from multiple lenders to find the best deal.
2️⃣ Reputation: Research their track record, reviews, and customer satisfaction.
3️⃣ Communication: Ensure they're responsive and keep you informed throughout the process.
4️⃣ Loan options: Check if they offer a variety of loan programs to fit your needs.
5️⃣ Closing costs: Understand the fees involved and compare them with other lenders.

Choose wisely for a smoother mortgage journey!

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

When it comes to buying a home, having a lender who offers more than just a loan is essential.

You want a partner who can guide you through the entire process and offer advice and education along the way.

From understanding the different types of mortgages to knowing what fees to expect, a knowledgeable lender can make all the difference.

So don't settle for just any lender - choose one who is committed to your success and has your best interests in mind.

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Check out our monthly Local Housing Video that gives housing statistics by geographical area.

Questions about the market? Send me a message and lets talk!

Local Housing Video A monthly video email that gives housing statistics by geographical area.

Are you planning to buy a home soon?

Remember, your mortgage should match your financial goals.

Before applying for a mortgage, ask yourself - what are my long-term financial objectives? Do I want to pay off the mortgage early or invest in other areas?

Based on your goals, you can choose the right type of mortgage, interest rate, and loan term that aligns with your financial plan.

So, take the time to evaluate your options and make an informed decision.

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Are you hoping to buy your dream home, but worried your credit score isn't up to par?

Boost your credit score with these tips:

✔️ Pay all your bills on time to avoid late fees and negative impacts on your credit score.

✔️ Keep credit card balances low, since high balances compared to your credit limit can hurt your score.

✔️ Avoid applying for too much new credit at once, since each application can negatively impact your score.

✔️ Consider a secured credit card if you're struggling to get approved for a traditional credit card.

✔️ Regularly check your credit report for errors and work to fix any issues.

Remember, building credit takes time, so don't get discouraged! Stay committed and keep working at it. Your dream home is within reach! 🏠💰

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Homeownership is a significant investment and the biggest purchase many people will ever make.

For first-time homebuyers, the process can be overwhelming and filled with uncertainty. That's why it's important to take steps to maximize your investment and make sure you're getting the most out of your home.

Here are a few tips to help you maximize your homeownership investment:

Research the neighborhood, prioritize your must-haves, get pre-approved for a mortgage, budget for unexpected expenses, and work with a real estate agent you trust.

By taking these steps, you'll be able to make an informed decision about your purchase and be on your way to enjoying the benefits of homeownership for years to come.

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

🏡 Thinking about buying a house?

Here are some quick tips on saving for your dream home:

Save at least 5% of the purchase price for a down payment.

Aim for a 20% down payment to avoid mortgage default insurance and enjoy lower rates.

Budget carefully and track your expenses to maximize savings.

Consider using a Tax-Free Savings Account (TFSA) for your down payment savings.

Pay off credit card debt to free up more money for savings.

Prioritize your spending and cut back on unnecessary expenses.

Explore government programs and incentives for homebuyers.

Automate your savings with scheduled transfers between accounts.

Consider the best time to buy a house based on market conditions.

Need more guidance? Reach out to our team for expert advice on buying your first home! 🌟

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

If you're planning on going house hunting soon, here are some tips to make the process smoother:

Start with a clear budget: Determine how much you can afford to spend on a house, including monthly mortgage payments, property taxes, and other associated costs.

Create a list of priorities: Decide on the must-haves for your dream home, such as location, number of bedrooms, yard size, and so on. This will help you narrow down your options and save time.

Research neighborhoods: Before visiting potential homes, research the neighborhoods they're in to ensure they meet your needs and preferences. Check out crime rates, schools, access to public transportation, and nearby amenities.

Work with a reputable real estate agent: An experienced real estate agent can help you find homes that meet your criteria, negotiate on your behalf, and provide valuable insights about the buying process.

Don't rush: Take your time during the house hunting process and don't feel pressured to make an offer on the first home you see. It's important to find a home that you'll be happy with for years to come.

Happy house hunting!

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Looking to buy your first home?

Don't worry! Lenders are here to help. As a first-time home buyer, you might feel overwhelmed and unsure about the process, but lenders can guide you through it.

They can help you understand the different types of loans available to you and explain the various down payment options. They can also assist you in calculating your affordability, so you know how much you can borrow.

Moreover, lenders can provide you with pre-approval for a loan, giving you an idea of how much you can afford before you even start looking for a home. This can save you time and give you peace of mind while house hunting.

So, if you're a first-time home buyer, don't hesitate to reach out to a lender. They are here to help you navigate the home-buying process and make your dream of homeownership a reality!

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Planning to buy your dream home?

Getting a mortgage can be an overwhelming process, but with the right preparation, it can be a smooth ride.

Before applying for a mortgage, take some time to work on your credit score, save up for a down payment, and gather all the necessary financial documents. It's also essential to research the housing market, neighborhoods, and schools in the area you plan to buy.

With the right preparation, you can be confident in your home-buying journey and make the best decision for you and your family.

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

🏠 Dreaming of a stress-free home-buying journey? Look no further! When realtors and lenders collaborate, magic happens!

Here's why it's a game-changer:

1️⃣ Expert Guidance: Realtors and lenders work as a dynamic duo, combining their skills and knowledge to find your ideal home and secure the best deal.

2️⃣ Streamlined Communication: Say goodbye to confusion! With a collaborative team, you'll stay in the loop and avoid information gaps.

3️⃣ Smooth Financing: Don't stress about money! Collaborating professionals tackle financing hurdles together, guiding you towards affordable options.

4️⃣ Time and Energy Saved: Let them do the legwork! Their teamwork saves you time and energy, presenting tailored options that fit your needs.

5️⃣ Stress Relief: Your advocates behind the scenes, realtors and lenders work tirelessly to make homeownership a reality. Relax and enjoy the process!

Say farewell to worries and hello to a seamless home-buying experience! Teamwork makes the dream work! 💪✨

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

When buying a home, pre-approval and pre-qualification are two important terms to understand.

Pre-qualification is a preliminary step where a lender gives an estimate of what you might be able to borrow based on the information you provide about your income and debts. This is a quick and easy process, but it doesn't guarantee that you will actually receive a loan.

Pre-approval, on the other hand, is a more in-depth process where the lender thoroughly examines your financial information and verifies your employment, income, and credit score. This gives you a more accurate idea of the amount you can borrow, and it gives you a competitive edge when making an offer on a home.

A pre-approval letter shows sellers that you are a serious and qualified buyer, which can make your offer more attractive.

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

🏡 The June housing market is sizzling hot! 🔥🌸

Looking for your dream home? Now's the perfect time to make your move! 🏠✨ The June housing market is in full swing, with an abundance of exciting opportunities for buyers and sellers alike. 🌟

Buyers, get ready to explore a wide range of stunning properties that have hit the market. 🏘️✨ From cozy condos to spacious family homes, there's something for everyone's taste and budget. Don't miss out on the chance to find your perfect nest! 🕊️💛

Sellers, this is your chance to shine! 🌟✨ With the market buzzing, there's a high demand for homes. Take advantage of this prime opportunity to showcase your property and attract eager buyers. 🏡💼

Whether you're buying or selling, working with a trusted real estate agent can make all the difference. They'll guide you through the process, provide expert advice, and help you achieve your goals. 🤝💼

So let's seize the day and dive into the June housing market together! ✨ Don't wait too long—your dream home or perfect buyer might be just around the corner. Happy house hunting! 🏡💫

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Looking for the best lender in your area to meet your mortgage needs?

Look no further! Our team of experts has done the research for you and found the top lenders in your local area. From low interest rates to flexible payment options, these lenders have it all.

Don't settle for less when it comes to such an important investment - trust us to help you find the perfect lender to suit your needs. Contact us today to learn more!

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Moving into your dream home is exciting, but the process of actually moving can be stressful.

Here are some tips to help reduce the stress of moving:

Plan ahead: Start planning your move early, and create a timeline to keep yourself on track. Make a list of tasks you need to accomplish, such as changing your address and packing.

Declutter: Moving is the perfect time to get rid of items you no longer need or use. This will make packing and unpacking much easier, and it will also help you start fresh in your new home.

Pack smart: Label your boxes and pack items you'll need right away in a separate box. Don't overpack boxes, and use padding to protect fragile items.

Hire professional movers: If your budget allows, consider hiring professional movers to handle the heavy lifting. They can also help with packing and unpacking, which will save you time and stress.

Take breaks: Moving can be physically and mentally exhausting, so make sure to take breaks throughout the process. Take a walk or do something you enjoy to help reduce stress.

Moving doesn't have to be stressful! With these tips, you can reduce stress and enjoy the process of settling into your dream home.

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett

Attention all homebuyers! 🏠👀

Are you confused about the difference between a VA loan and an FHA loan? Let's break it down.

A VA loan is a mortgage option available to active-duty service members, veterans, and eligible surviving spouses. This loan is guaranteed by the Department of Veterans Affairs and typically requires no down payment or private mortgage insurance. To qualify for a VA loan, you must meet certain service requirements and obtain a Certificate of Eligibility.

On the other hand, an FHA loan is a government-backed mortgage option that is available to anyone, regardless of their military status. This loan is insured by the Federal Housing Administration and typically requires a lower down payment than conventional loans. To qualify for an FHA loan, you must have a minimum credit score of 580 and meet certain debt-to-income ratio requirements.

Both VA and FHA loans have their own unique benefits and requirements, so it's important to speak with a mortgage professional to determine which option is right for you. If you're a service member or veteran, a VA loan may be the best fit. If you don't meet the qualifications for a VA loan, an FHA loan may be a great option.

Ready to take the next step in your homebuying journey? Contact a mortgage professional today to learn more about VA and FHA loans and how to qualify! 🏡💰

For a FREE consultation, schedule a call directly on my calendar at the link below.

https://tinyurl.com/consultationwithjett