Castle Funding Corp., Ventura, CA Videos

HELOCs (home equity lines of credit) and HELOANS (home equity loans) are two options with a similar outcome - they are a second mortgage on your home that allows you to you to borrow against your home’s value. Most importantly they allow your low interest rate first mortgage to remain completely untouched 🙌 #heloc #homerenovations #homequityloan #mortgagebroker #debtconsolidation #homeownership Alyssa Soles, Castle Funding Corp. Mortgage Broker, Ventura CA

This doesn’t mean they SHOULD spend this much, but it’s the HIGHEST lenders would allow them to go in their scenario. Ultimately, they need to decide what monthly payment they can comfortably afford & find the price range that matches that. What questions do you have about purchasing a home or what you saw in the video? Follow @alyssa.mortgage #mortgagebroker #buyingahouse #homebuying #firsttimehomebuyer *this post was educational only. To get prequalified contact a mortgage professional ➡️ Castle Funding Corp www.castle-funding.com

CalHFA Dream For All Program is back - here are some of the details for this program ⬇️ 1. Program goes live in April 2024 2. 20% DP assistance up-to 150,000 3. Deferred payments on DPA 4. Shared Appreciation 15% to 20% 5. 1st Time Home Buyers 6) 1 Applicant must be 1st Generation buyer Most people have a lot of questions regarding how this program works - DM me for additional details. If you are not a first generation homebuyer (meaning your parents have owned a home within the last seven years), this program may not be for you, but we can certainly explore other options to get you your first home. Alyssa Soles Your California Mortgage Broker NMLS 2392292 DRE 02200456 [email protected] (818)874-9999 #downpaymentassistance #cadreamforallprogram #mortgagebroker #venturamortgage #firsttimehomebuyer Mortgage broker in Ventura County, California

Every consumer and future homebuyer should shop around for their mortgage. Feel free to send your Loan Estimate to [email protected] for an honest second opinion. We’ll help you decipher your other offers as well as determine our own ability to compete. Our goal is not "win" your business, but to save you the most money and advise you with integrity. That's a promise!#mortgagebroker #ventura #realestate #homeloans #realtor #venturarealestate #venturamortgagebroker #losangelesrealtor #losangelesmortgagebroker#mortgagerates #lender

Landlord life certainly isn’t for everyone, but we do have plenty of friends and clients who have made this work and are so glad they did! Always run the numbers and consider all your options before making a big financial decision #mortgagebroker #mortgageadvisor #homebuyingtips #moveupbuy #mortgagestrategy #realestate #realestateinvesting #castlefunding

The most important thing I'd do 6mos to 2 years out is...Find a mortgage broker and have them start advising you! Here's what to know: + Connect as early as possible - it doesn't cost you anything extra! We get paid a percentage of the loan amount by the lender when you actually close on your home loan, so all the advice leading up is free and you should take full advantage! Online mortgage calculators are fun to play with but they certainly can't problem solve and offer solutions to help you navigate the complex and ever-changing mortgage guidelines. + Look for someone local (within your own state), reputable, and approachable. If they don't reply to your texts or emails quickly, find someone else. If they make you feel rushed or give a salesy vibe, find someone else. You want an advisor who values your relationship, understands your goals, and demonstrates the highest level of service and communication. Don't settle for anything less when preparing for the biggest investment of your life. + Ask if they can do a soft pull on your credit. Soft pulls don't ding your credit like hard pulls so they're the better option if you're still a ways out from actually buying. I offer soft pulls during the pre-qualification process so l can provide accurate information and develop a plan to improve your credit score and qualifying amount before you actually start shopping. This leads to savings and happy clients! It doesn't matter if you are a first time homebuyer or have owned homes before, you should have a mortgage broker on your team. Alvssa Soles Your California Mortgage Broker MLS 2392292 DRE 02200456 Castle Funding Corp. [email protected] #firsttimehomebuyer #mortgagebroker #realtor #venturarealestate #homebuyingtips #venturamortgagebroker #castlefunding #mortgagetips Get Preapproved in Ventura Mortgage broker in Ventura

Rates just reached their highest point in 23 years, but our client isn't sweating it. They are taking advantage of the current market, and this temporary buydown strategy is just one example. I'm not saying it's easy to buy right now, but there are definitely some silver linings if you can make it work in this market! Alyssa Soles, Home Loans in Ventura, Home Loans in Los Angeles, Mortgage Broker, Temporary Buydown, Real Estate

It seems counterintuitive but by offering the seller more and asking for it back in the form of a seller credit, you can apply that credit to lower your interest rate in the form of a temporary buy down. A 2-1 buydown lowers your interest rate 2% the first year and 1% the second year. This mortgage offer strategy is a win-win for those buying and selling homes right now. The seller gets the price they were looking for. You beat out other offers AND get a chance to work around these higher interest rates. #castlefunding #InterestRates #TemporaryBuydown #mortgagebroker #mortgagetips #homebuyingtips #california #venturacounty #HomeLoans #firsttimehomebuyers #moveupbuyer

My client owns her home free and clear in another state, but wants to relocate closer to her kids and grandkids. She’s on a limited Social Security income though and can’t afford rent in CA, let alone a new mortgage payment. If she were to follow her heart and make the move closer to her family, she knew the financial burden would ultimately fall on her kids, which is something she didn’t want. By setting her up with a reverse mortgage purchase loan, she will use the proceeds from the sale of her current residence as a large down payment on her new home. As far as the mortgage on her new home - SHE WILL NEVER HAVE TO MAKE A PAYMENT ON IT AS LONG AS SHE LIVES. She’ll have to pay her property taxes and insurance, but will still have enough money leftover to enjoy her senior years in comfort. 👉Reverse mortgages are designed for seniors age 62+ (or 55+ in some cases) who would like to: ✔️Eliminate monthly mortgage payments ✔️Stay in their home ✔️Access tax-free cash via lump sum, recurring deposits, or a line of credit ✔️Avoid leaving a debt to their heirs 👉You might not be a senior but you may have parents who are — let me know if you want to learn more about adding a reverse mortgage to their retirement strategy! #reversemortgage #hecm #retirementplanning #homeloan #california #ventura #venturamortgagebroker #castlefunding #losangles #venturacounty #retirementincome #venturareversemortgage

If there were 2 identical offers, only Buyer #1 was using a local mortgage broker while Buyer #2 was using a big bank or online lender, you can bet Buyer #1 would be the one getting that house. In many cases, your lender can make or break the deal. Choose wisely! #castlefundingcorp #castlefunding #mortgagebroker #california #californiamortgagebroker #locallender #ventura #venturamortgage #veturamortgagebroker #californialender #smallbiz #homebuyer #realestate

BE A SMART SHOPPER & ASK YOUR LENDER THESE QUESTIONS (Don't forget to save this post for when you need them) ✅What is the par rate? "Par" is the interest rate with no discount points attached. This will give you a base line and allow you to compare to other lenders. ✅ If opting to pay discount points for a lower rate - How much will I be saving monthly at that lower rate and what will it cost me upfront? ✅ What is my break even point?Based on how the market is expected to go, is it likely I will be in the loan that long? ✋You don't want to spend too much mone buving down vour rate when rates are trending downward because you'll likely refinance that loan soon anyway! ✅When comparing different lenders, make sure to compare their rates (and the cost to get that rate) on the same day! Rates change daily, even multiple times per day so if you get a quote on Monday and another one on Wednesday, it's like comparing apples to oranges. ✨I hope this helps you feel more confident to ask questions and shop around when buying a home. Double tap if you found it helpful! ✨ #mortgagerates #firsttimehomebuyer #homebuying #homebuyingtips #mortgage101 #mortgagetips #mortgagetipsformillennials #buyingahome #realestate #venturamortgagebroker #venturamortgage #losangelesrealestate #venturacounty #californiamortgage #mortgagebroker #sandiegorealestate #santabarbararealestate #ratebuydown

First a quick recap: Dream For All Shared Equity Loan 🏡 - CalHFA provides a second loan so you can put 20% down on a home- This high down payment decreases your loan amount and your monthly mortgage payment, making it more affordable for low to moderate-income folks - You don’t make payments on the second loan until you refinance or sell later- When you do transfer, sell, or refi, you pay back the down payment loan plus share 20% of the appreciation value of the home ⚡️PROS AND CONS OF THIS PROGRAM⚡️ I was incredibly skeptical at first about the idea of giving up a portion of your equity when you sell. That equity (home appreciation value) is what we are all chasing as homeowners and is how you build generational wealth💰 But I absolutely think this Down Payment Assistance program could open the door to homeownership for those who thought it was just out of reach. SHARED EQUITY > NO EQUITY. #calhfa #dreamforall #firsttimehomebuyer #downpaymentassistance #mortgagebroker #mortgagetipsformillenials #realestate #california #ventura #venturamortgage

Here is a look at what you might qualify for right now with $150K income☝️ Was it more or less than you would expect??? However, just because you QUALIFY for a certain amount, does not mean that amount will necessarily fit into your personal budget and lifestyle. It’s so important to consider what YOU feel comfortable spending on your mortgage payment each month! Keep in mind, the amount you qualify for varies with interest rates, and your interest rate varies based on your unique qualifications, credit score, loan program, lender, and what the market is doing day by day. That’s why this video is for educational purposes and should not be mistaken as an actual #prequalification 📝🤓 Double tap if you found this helpful 💜 ✉️DM or 🔗link in bio if you would like me to crunch the numbers for you! #qualifyingforamortgage #debttoincomeratio #firsttimehomebuyer #whatcaniafford #mortgagetips #mortgagetipsformillennials #mortgagebroker #mortgagelender #california #ventura #getpreapproved #homeloan #homeloanpreapproval

Why PMI is worth it 💵 PMI, or mortgage insurance, is an insurance policy for the lender to cover the additional risk of lending to you with less than 20% down payment. The cost is based on your credit score and down payment size. It’s not permanent on a conventional loan - only until you reach 80% loan to value on the property. IMO, the cost is minimal when you compare it to the money you’d be spending on rent while waiting to save for a higher down payment. #homeownership #mortgageinsurance #pmi #realestate #creditscore #downpayment #mortgagebroker #venturamortgage #californialender #mortgagelender #firsttimehomebuyers #firsttimehomebuyertips #californiarealestate

💘ROMANCE💘 IS NOT REQUIRED IN A HOMEBUYING PARTNER… Real estate is a wealth building tool for ALL and it’s not dependent on your relationship status! Rent is expensive, couples are getting married later in life (if at all), and many people can’t afford to buy a home by themself. More and more people are getting creative to make their homeownership dream a reality. Co-buying is a way for people to get out of the cycle of renting and begin building equity💰in a home through shared ownership. Basically, you can buy a house with whoever you want! But trust and open communication are vital to making it work long term. Would you consider co-buying with a friend? TAG YOUR BFF! And leave your questions in the comments 👇 🔗LINK IN BIO to see the long term benefits of owning vs. renting. #bffs #galentinesday #cobuying #mortgagetipsformillenials #househacking #firsttimehomebuyers #homebuyingprocess #realestatetips #realestatehacks

READ THIS BEFORE YOU SCROLL ZILLOW TONIGHT🔍 Searching Zillow is fun! It allows you to look at homes in your desired area and get a sense of what’s out there and at various price points. BUT...it is not accurate, and is especially not a replacement for the experience and service of a local lender and realtor. These tips can help you get a more realistic sense of what a home might cost so you aren’t totally blindsided when you talk to an actual loan officer. 1️⃣Interest rates depend on many factors including what’s happening in the economy day-to-day, your credit score, down payment size, county, and your particular lender. For a more realistic rate than the one Zillow provides, do a quick search to learn average mortgage interest rates for your county. Or even just add .5% to whatever rate they start you at. 2️⃣Mortgage insurance is only required if you put less than 20% down. Zillow does not allow you to alter the MI number, but I will say the lenders I work with have lower MI prices than the ones I typically see in Zillow. Your MI costs depend on credit score and down payment size. 3️⃣Property taxes in California are 1.25%. Find out what they are in your particular state/county. 4️⃣Homeowners Insurance costs vary depending on your insurance carrier, where you live, your credit history, and the extent of your coverage. But basic coverage for a single family home is typically $100-$200/month. 5️⃣HOA fees only apply to homes that have a Homeowners Association. HOA fees can add up so pay close attention to the price of these. DM me with questions or to find out what rates look like for your situation. Like and share of you found this helpful ☀️ #mortgagetips #mortgagetipsformillenials #firsttimehomebuyers #firsttimehomebuyertips #interestrates #realestate #homeshopping #homebuying101

How to find your down payment “sweet spot.” The sweet spot is the amount that offers you a comfortable mortgage payment you know you can afford while still having enough cash left over for your emergency fund and other financial goals. #venturamortgagebroker #venturahomebuyers #californiahomebuyers #DownPayment #firsttimehomebuyer #firsttimebuyers #homebuyingtips

WHY THE RATE YOU SAW IN THE AD IS NOT THE RATE YOU’RE GOING TO GET Most advertised mortgage rates are only showing the absolute lowest rate available to the “unicorn borrower” that in no way resembles the average homebuyer. I mean…40% down payment?! No thanks. Why would lenders do this? To lure you in. But the moment you talk to an actual human loan officer, the numbers will likely be quite different than what you saw advertised. Luckily, you’ll be prepared. Because you will: ⚡️Read the fine print ⚡️Ask questions ⚡️Shop around 👉Reach out with questions and follow @alyssa.mortgage for more. #homebuyingtips #firsttimehomebuyer #mortgageshopping #mortgagetipsformillennials #venturarealestate #venturarealtor #losangelesrealtor #santabarararealtor #centralcoastrealtor #realestateventura #venturamortgagebroker #mortgagebroker

The financial benefits of homeownership don’t necessarily come back to your pocket monthly like this (this is just an example to illustrate some of the benefits were they factored in monthly) but they sure do make a significant overall impact to your net worth over time. There is a reason wealthy people continue to invest in real estate…they’re onto it! Double tap if this was helpful and DM me with any questions! *This is not tax or investment advice. This video is for educational purposes only.