Keith DeLatte - NMLS #77826 - Essential Mortgage

Happy National Pumpkin Day! Just like pumpkins, home loans come in all shapes and sizes, I'm here to help you find the best fit for you!

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Although there’s no right or wrong answer when it comes to refinancing…if you’ve had recent shifts in your goals or budget, it could be a smart move! Maybe you received a raise at work and now you’re focused on paying off your home loan faster or on the other hand, you’re in a tighter space financially than you had planned – both are situations where a conversation about your refinancing options could be beneficial. As always, contact me to help you explore and understand your options!

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It’s National Savings Day! Savings play a HUGE role in the homebuying process! Whether you’re a first-time homebuyer saving for your first home or an experienced buyer looking to refinance, I'm here to advise and educate you on your journey.

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Happy World Teachers’ Day! You do so much for others each day and I thank you for your selflessness!

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As a self-employed homebuyer, you may have a couple more hoops to jump through. Specifically when it comes to your employment history! Typically, self-employed borrowers don’t have the traditional paperwork like 9-to-5 workers but here’s a few examples of how you can prove you’ve had a consistent work past for extended periods of time:
- Client Invoices
- Contracts, statements of work, and other agreements
- Certificates or licenses proving you expertise
- Bank statements showing incoming payments
- Profit and loss statements from you business
As with any mortgage loan process, there could be other options as well. Reach out to explore what would be best suited for your situation!

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Financing a house is a huge milestone in life but so is your child taking their first steps! I'm ready to help you make your homebuying dreams a reality!

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I couldn’t have said it better myself! Let me assist you in financing a safe place to call home.

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It’s officially Fall! Who’s ready for pumpkin everything, cooler weather and cozy clothes?!

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What does closing mean?

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It’s National Dance Day! If you’re ready to happy dance in your new home, let me know!

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Basically, the main effect is that you may need to provide additional documentation when it comes to certain steps in the home loan process, but don’t let that deter you! Homeownership can be accomplished if you’re self-employed. Preparation is key when it comes to the home loan process, but even more so as a self-employed borrower.

Here are a few areas you should be prepping:

- Get your credit as buttoned-up as possible
- Organize previous client invoices, contracts, etc. for at least the last 3-6 months
- Steer clear of taking on more debt
- Cash is king – save, save, save!

Let me know how I can help you gear up for homeownership, I'm here to help you!

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The magic of a home is boundless! I'm here to help you finance a special place to share with your loved ones.

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Today we lift up those first responders that selflessly served as well as those that carry on today. You are America’s Heroes!

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What does Acceptance mean?

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Happy Labor Day! All of us at Essential Mortgage hope you enjoyed your long weekend. You deserved it!

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Happy College Colors Day! Drop the name or photo of your favorite college team showing your team spirit in the comments!

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The two main loan types are a government-backed or a conventional one. Here's a general explanation on the difference!
- A government loan is guaranteed by a U.S. government agency and it makes it easier to lenders to assist borrowers, especially those that are high-risk allowing them more favorable terms and interest rates.
- A conventional loan is issued by private mortgage lenders and it gives them more power to delegate who is approved and the type of loan that's received. Lots of factors such as credit score, the type of home you're buying, savings, etc. all play a part in which loan type is best fit for you!

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Great question! A 30-year mortgage could have a lower monthly payment than a 15-year mortgage. However, it will come with higher interest rates long-term. This may be a better setup for you depending on your budget and it might help if it allows you to buy that dream home earlier in life. It really comes down to if you need monthly savings now or if you can pay a higher payment now to save later down the road. Talk to me for help!

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What’s a Liquid Asset?

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Being financially aware is imperative when it comes to preparing to buy a home! You can always reach out to me with questions or consult a Financial Advisor for more advice specific to a home loan. Here’s an online resource that puts together 10 tips for first-time homebuyers: https://www.ramseysolutions.com/real-estate/tips-for-first-time-home-buyers

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Let’s climb the mountain to homeownership for Mountain Day! There are many people involved in the home loan process but the four key individuals you’ll be in contact with are:
- An Essential Mortgage Loan Officer: I’ll not only help you determine the amount you can borrow, but I'm also here to empower, educate and guide you through the entire process of buying a home!
- Realtor: Let them handle the negotiating, house hunting and neighborhood facts when it comes to buying your new home!
- Underwriters / Processors: Technically these are two separate people BUT both equally as important. They’ll reach out and collect any documentation needed in order to get you that much closer to Closing Day!
- Title Agent: Your Title Agent will ensure everything is legal and if you have an in-person closing, it’s typically at this office!

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Happy National Book Lovers Day! Handling home repairs and improvements is a great way to gain a new skill and potentially save money! Take a look at this list of 12 books you need to read as a new homeowner. You’ll find everything from beginner’s guides, lawn care tips and decorating books! Check out the full list here https://www.hippo.com/blog/books-for-new-homeowners

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It’s International Cat Day! If you’re looking to become a hoMEOWner, reach out and lets put a plan together!

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What would be the first thing on your walls in your new home? Let me know in the comments!

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What’s a Mortgage Bond?

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It’s International Day of Friendship! Make a new friend today!

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