Nick Morga NMLS #1311632 Wisconsin Mortgage Corporation

Happy Halloween! 👻

Are you due for a mortgage review? I will analyze your current mortgage and advise whether it’s still the best option for you, or if there’s an opportunity to qualify for new loan terms that could save you money!

➡️ Nickm.Wimort.com

❌Myth: I won’t qualify for a mortgage because I’m self employed.
✅Fact: Self-employed individuals can absolutely qualify for a mortgage, but they may need to provide additional documentation to verify their income.

📝 Financial Friday: What Happens to Mortgage Debt After Death? 🏠💼

Hey everyone, Nikki here from Shorewest REALTORS and Nick Morga from Wisconsin Mortgage Corporation to discuss an important but often overlooked topic—what happens to mortgage debt when someone passes away. 🤔

👉 1. It Depends on the Deceased’s Will
If the deceased had a will, the estate will usually take care of settling any remaining debts, including the mortgage. This could mean that the property is sold to pay off the mortgage, or the home may be transferred to a beneficiary who then takes on the debt.

👉 2. Does the Mortgage Have a Co-Borrower?
If there’s a co-borrower, such as a spouse or family member, they are typically responsible for continuing to make mortgage payments. Co-borrowers are equally liable for the mortgage, so they’ll need to keep up with payments to avoid foreclosure.

👉 3. Mortgage Life Insurance
If the deceased had mortgage life insurance, the policy would pay off the remaining mortgage balance, relieving the estate or co-borrowers from financial burden. This can be a huge benefit for loved ones in a difficult time.

🔑 Bottom Line
It’s crucial to plan ahead and understand how your mortgage debt will be handled. Work with your realtor and loan officer (like us!) to ensure you’re prepared for any scenario.

Have questions? We’re here to help you navigate every step of the way! Feel free to reach out to either of us for more information.

👩‍💼 Nikki Aiello | Shorewest REALTORS
👨‍💼 Nick Morga | Wisconsin Mortgage Corporation

Whether you decide to rent or buy is a decision dependent on your circumstances and preferences.

If buying sounds like the right option for you, connect with me today! I’m here to answer all of your questions and get you started on the path toward your homeownership dreams!

➡️ Nickm.Wimort.com

🔑 Financial Friday: Why a Buyer Agency Agreement Protects Your Best Interests! 🏡🤝

Hi everyone! Nikki from Shorewest REALTORS here, alongside Nick Morga from Wisconsin Mortgage, to share why having a Buyer Agency Agreement is a smart move for any homebuyer. It’s more than just paperwork—it’s about protecting your best interests every step of the way! Let’s break down the benefits:

👉 1. Protects Your Best Interests
A buyer agency agreement means your agent works exclusively for YOU, the buyer. That means advocating for your needs in negotiations, ensuring you’re not overpaying, and securing the best terms possible. Your goals are our top priority!

👉 2. Transparent Compensation
With a buyer agency agreement, compensation terms are clearly outlined upfront. No surprises! Whether it’s the seller paying the commission or an agreed-upon fee, everything is transparent from the start so you know exactly how your agent is compensated.

👉 3. Clear Expectations
When you sign a buyer agency agreement, you set clear expectations for both sides. You know exactly what services your agent will provide—from finding homes to negotiating the best deal—so there’s no confusion along the way. It’s all about making the process smoother and stress-free for you.

💼 Why It Matters
Working with a buyer’s agent who’s legally committed to representing your best interests can make a world of difference. Ready to find your dream home with peace of mind? Let’s chat!

📲 Reach out to me or Nick to learn more about how a Buyer Agency Agreement can benefit YOU!

👩‍💼 Nikki Aiello | Shorewest REALTORS
👨‍💼 Nick Morga | Wisconsin Mortgage

Securing a home loan can be an intimidating process for those who are unfamiliar. Allow me to guide you through the ins and outs of the home buying process and ensure you’re informed on your choices so you can find the home loan that best suits your current financial situation!

Get started today ➡️ Nickm.Wimort.com

Contrary to popular belief, you do NOT need a 20% down payment to buy a home. There are loan products that offer borrowers as low as 3% down!

Interested in embarking on your homeownership journey? Connect with me today to get started.

➡️ Nickm.Wimort.com

If you’re going through the mortgage process for the first time, here are 3 questions you should be asking your lender.

Need a second opinion on a mortgage? Connect with me anytime!

➡️Nickm.Wimort.com

❌Myth: I should wait to buy a home until interest rates are lower
✅Fact: There are a few reasons why waiting for a lower interest rate to a buy home a might not be the best strategy:

1. Rising Home Prices: As interest rates decrease, demand rises which can potentially increase home prices.
2. Limited Inventory: A hot housing market with lower interest rates can make it more competitive to find your dream home.
3.Opportunity Cost: While waiting for rates to drop, you miss out on the potential equity growth and stability of homeownership.
4. Unpredictable Market: Predicting rate fluctuations is challenging, you could miss out on a good deal while waiting.
5. Refinancing Option: If rates do drop later on, you can always refinance your mortgage to secure a lower rate

Apply anywhere, anytime! Get started on your homeownership journey at Nickm.Wimort.com 🏡

Ready to take the leap into homeownership? Here’s a brief breakdown of the process.

Connect with me to get Pre Approved and jumpstart your journey!

➡️ Nickm.Wimort.com

Saving for a down payment can be an intimidating task. Let’s break down some ways to get started on your journey to saving for your dream home! 🏡☁️

Rates have been dropping! If you are interested in seeing what your mortgage refinancing options are, please reach out!

Cell: 262-271-0726
[email protected]
Nickm.wimort.com
NMLS # 1311632

Want to boost your home buying confidence? A pre-approval is your secret weapon. It shows sellers you’re serious and ready to move!

Getting Pre Approved is fast AND easy! Get started at Nickm.Wimort.com anywhere, anytime.

Happy National Dog Day! 🐶🐾

Dream of a kitchen upgrade or backyard oasis? Unlock your home’s potential and boost your property’s worth with a cash-out refinance!

Speak with me today to learn about your options!

Nickm.Wimort.com

41% of Americans believe you must have a 20% down payment to purchase a home… Not true! We have a variety of loan options to suit a variety of needs and WMC can help you find a loan that’s best for your situation.

When you’re ready to embark on your homeownership journey, speak with a me and I’ll secure the loan so you can make the house a home. 

Nickm.Wimort.com

Source: https://lnkd.in/gK7VSYA2

Perspective is everything. While rates have risen since their 2020 pandemic lows, they’re still historically low in comparison to decades past.

Source: https://lnkd.in/gX5tMACH

Thanks for the great testimonial John!

What should come first? House hunting for your perfect home, or obtaining a Pre Approval?

The answer: Pre Approval comes first! Not only does it provide you with a home buying budget to help narrow your search, it shows sellers you are a serious buyer, backed by a reputable lender.

Getting Pre Approved is fast AND easy. Get started at Nickm.Wimort.com anywhere, anytime.

Homeownership comes with many benefits. Ditch renting and find out how you can become a homeowner by speaking with me today!

Nickm.Wimort.com

Source: https://www.fanniemae.com/mortgage-understanding-study

So you’ve found your dream home and officially applied for a home loan, congratulations! Now that you’ve begun the homebuying journey, here are a few things you should avoid doing during the loan approval process. You may already be pre-approved, but these actions could potentially jeopardize your final loan commitment.

When in doubt, give me a call! 📲 262-271-0726

Nickm.Wimort.com

❌ Not true!

While having student debt could potentially affect what you qualify for, it isn’t a deal breaker. There are loan programs meant to aid all kinds of financial situations. Let’s talk to see what option may be best for you.

Nickm.Wimort.com