Cailey Murschel’s Post

Not only does a good credit score communicate to lenders that you have a track record for properly managing your debts, it can also benefit you financially when you buy a home. Potential perks include better rates, a wider variety of loan programs, lower private mortgage insurance (PMI) rates and lower overall loan costs. So take your time to work on your credit score; it will likely save you money as you proceed into homeownership. #premiermortgageresources #mortgage #lending

Not only does a good credit score communicate to lenders that you have a track record for properly managing your debts, it can also benefit you financially when you buy a home. Potential perks include better rates, a wider variety of loan programs, lower private mortgage insurance (PMI) rates and lower overall loan costs. So take your time to work on your credit score; it will likely save you money as you proceed into homeownership. #teamlocsin #mortgage #lending

No, you don't necessarily need to have your deposit saved before applying for an Agreement in Principle (AIP). An AIP is a preliminary decision from a lender stating how much they might be willing to lend you based on your financial situation. While having a deposit saved can strengthen your application, it's not always required at the AIP stage. However, you will need to have your deposit ready before finalising the mortgage offer and completing the purchase of the property. 🏡 #corby #northamptonshire #mortgagebroker #mortgage #insurance A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

How much down payment do you need for a mortgage? … depends on your credit score! 580+ = 3.5% down payment 579-500 = 10% down payment If you’re getting a Conventional loan, it’s better to put 20% down payment to avoid mortgage insurance - but can also be more difficult to come up with this kind of money … but there’s always down payment assistance options! Do you know how much down payment you’ll need for a mortgage? PS : share this with a colleague 🫶 #downpayment #mortgage #buyahome #downpaymentassistance #credit #creditscore #fha #conventional #mortgageinsurance #options #home #fyp #mortgagebroker #mortgageworld

Two Red Shoes Mortgage Brokers is here to help! In a recent exercise, we helped a group of customers from one of the big banks save an average of $2359 this year in interest simply by repricing their existing home loans to get a better interest rate. *A few keyboard strokes to massive savings* We compare the lowest rates and most competitive loan options available so you get a great loan. Simply give us a call to discuss your current loan and financing goals. Our experienced mortgage professionals will then search for the loan options that match your specific situation. In most cases, we can negotiate with your current lender on your behalf to get you a discount. #mortgage #refinance #homeloan #saverightnow #loanspecialist

How much down payment do you need for a mortgage? … depends on your credit score! 580+ = 3.5% down payment 579-500 = 10% down payment If you’re getting a Conventional loan, it’s better to put 20% down payment to avoid mortgage insurance - but can also be more difficult to come up with this kind of money … but there’s always down payment assistance options! Do you know how much down payment you’ll need for a mortgage? PS : share this with a colleague 🫶 #downpayment #mortgage #buyahome #downpaymentassistance #credit #creditscore #fha #conventional #mortgageinsurance #options #home #fyp #mortgagebroker #mortgageworld

🌟Mortgage Monday: What’s LTV? 🌟 LTV (Loan-to-Value) is the ratio of your loan amount to the home’s value. For example, if you’re buying a $200k home with a $160k loan, your LTV is 80%. 💡 Why it Matters: A lower LTV can mean better rates and less mortgage insurance. The higher the LTV, the more risk for lenders. Tip: A larger down payment can help lower your LTV and save you money in the long run! Lending With Passion  LWPInfo@PrimeRes.com (214) 736-9466 LendingWithPassion.com . . #mortgage #realestate #realtor #mortgagebroker #Homebuyingprocess #realestateagent #firsttimehomebuyer #refinance #newhome #househunting #LendingWithPassion #finance #creditscore #mortgagelender #creditrepair #homeloans #FHAloan #dreamhome #bestmortgagecompany #buyingyourdreamhome #homesweethome #DFWmortgagelender #Bestofdentoncounty2024

Depending on where you're looking to buy as well as what your current affordability is, paying off your car finance may open more doors for you than topping up your deposit pot 💷 If you've got the option, we'll help assess your affordability and compare your options for you so you can decide your next steps 🪜 #corby #northamptonshire #mortgagebroker #mortgage #insurance A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

𝐋𝐕𝐑 (𝐋𝐨𝐚𝐧-𝐭𝐨-𝐕𝐚𝐥𝐮𝐞 𝐑𝐚𝐭𝐢𝐨) is a key metric in mortgage lending. 👉 It compares the size of your home loan to the appraised value of your property. For instance, if you're buying a home valued at $300,000 and taking out a $240,000 mortgage, your LVR would be 80%. 𝐖𝐡𝐲 𝐝𝐨𝐞𝐬 𝐋𝐕𝐑 𝐦𝐚𝐭𝐭𝐞𝐫? Lenders use it to assess risk; a lower LVR typically means lower risk for them. It can also affect your loan terms and whether you need Lenders Mortgage Insurance (LMI). Understanding your LVR helps you plan for your mortgage and understand your financial position. Let's get into more detail over a call! ☎ 1800 705 505 👉 https://lnkd.in/gd9VQJk . . #LVR #HomeLoans #MortgageTips #Education #LVR #Mortgage #Finance #HomeLoans

🤷♂️ Confused about why your Credit Karma score looks higher than the one your mortgage lender pulls? 👉 It's all about different scoring models! Mortgage lenders rely on FICO® scores, while many consumer credit monitoring services use VantageScore. ✅Understanding the difference can save you from surprises when you're ready to apply for a home loan. Need help getting pre-approved? Let me guide you through the process, call me today at 📞 443-253-1579! #CreditScore #Mortgage #ConsumerCreditScore #Homeownership #PRMI