Legacy Group Capital’s Post

Long time clients of our just commenced a renovation of their existing property. The lending on this was fairly straightforward with a refinance and construction loan. Working with a broker is really handy when it comes to sourcing construction lending. There are a lot of ins and outs that need to be considered, especially when it comes down to draw down timing. Different lender also have different policy when it comes to what requires a construction loan vs what you can simply do via a cash out. As a general rule, anything structural will require a construction element to it. If you are an owner builder, this complicates things, as there are few lenders who are prepared to fund an owner build. It's especially important to chat through your options with a broker if you are in this position. When you partner with a mortgage broker, you gain access to expert guidance, personalized solutions, and a vast network of lenders. Together, we can explore options beyond rates, ensuring that you secure a mortgage that not only saves you money but also provides peace of mind and sets you on the path to long-term financial success. Get in touch!

Access your home’s equity with our fixed rate 2nd Home Equity Loan (HELoan) to get a large lump sum of cash to cover home renovations, large bills, or help with everyday expenses. Best part? NO appraisal*, NO rate change and the predictability of a fixed mortgage.

Access your home’s equity with our fixed rate 2nd Home Equity Loan (HELoan) to get a large lump sum of cash to cover home renovations, large bills, or help with everyday expenses. Best part? NO appraisal*, NO rate change and the predictability of a fixed mortgage.

So builder confidence is at its lowest at 39%, down from 41% in July. Now what?? Here is the what they will do..... Builders are going to be very aggressive with incentives to attract buyers, so it is a good time to buy and get a great deal. 2. Rates are expected to drop, thus helping with affordability. 3. In August 33% of Builders cut prices about 6% to boost sales for the 14 th straight month straight. Result, sounds like a great time to buy New Construction, price drops, rate drops, and increase affordability. What to do next?? Get pre-qualified now with a builder focused mortgage loan officer at Truist! The Power of Purple! #Truistmortgageloans #Builderfocused #Newconstruction #buildingbetterlivesandcommunities

Here’s what you should know to better assist your clients: What happens if a home appraises for less than the agreed sale price? 💰 A low appraisal doesn’t mean the end of the deal. It requires negotiation between the buyer and seller to find a solution: ➡️ Challenge the appraisal: Present strong comparable sales data to contest the appraisal value. This can sometimes lead to a revised, higher appraisal.  ➡️ Renegotiate the purchase price: Guide your clients through renegotiating with the sellers. This might mean lowering the sale price to match the appraisal or finding a middle ground that works for both parties. A low appraisal can be a stumbling block, but with the right strategies, it can be overcome. Helping your clients understand their options and navigate the process confidently is key. For more expert tips and advice on real estate, follow me for regular updates and guidance. 📲 #LoanOfficer #HomeLoans #TexasHomeLoans #HomeAppraisal Red Diamond Home Loans | NMLS 250991 | Equal Housing Lender | Co. NMLS 1325498

Pineyro Capital Group NMLS 420112 11820 Miramar Parkway Suite 110 Miramar, FL 33025 Main. 1 (833) 247-5626 eFax. 1 (954) 208-0408 https://lnkd.in/eZ2yT2cJ _____ Borrowers with untraditional income sources like self-employed individuals, real estate investors, or those with recent credit blemishes can find approval for a home through our Non-QM loans. Perfect credit is not necessary. Agents: You can target these potential buyers by attending industry events frequented by freelancers, entrepreneurs, gig workers, investors, etc.. DSCR: 85% LTV, Min FICO 720 80% LTV, Min. FICO 640 75% LTV, Min. FICO 600 Max Loan Amount $4MM Min. Loan Amount $100K DSCR: NO Ratio Option Up to 75% LTV, with a min. FICO score of 700 Minimum FICO score of 640, with 60% Max LTV Max loan amount of $2MM BANK STATEMENT LOANS: 90% LTV, Min. FICO 700 85% LTV, Min. FICO 660 80% LTV, Min. FICO 640 Max Loan Amount $4MM Min. Loan Amount $100K 2-4 Unit Property, Condo and T/H Primary, Second Home & Investment Our team calculates income for you 30yr and 40yr I/O term available (Fixed or ARM) P&L ONLY LOANS: FICOs as low as 660 LTVs up to 85% Max Loan Amount $4MM CPA/EA/CTEC/Tax Attorney prepared 12-month P&L statement ITIN Premier Min FICO 640 Available in fixed rate 25 and 30-year terms LOAN AMOUNTS: $100,000 - $726,200 Max 85% $726,201 - $825,000 Max 80% $825,001 - $1,250,000 Max 75% DTI up to 55% with compensating factors Doc Types: P&L, Full-Doc ITIN Close Call No credit score required to qualify. Available in fixed rate 20, 25 and 30-year terms LTV up to 75% with 600 FICO or No Score LTV up to 85% with 660 FICO or better DTI up to 55% with compensating factors Doc Types: P&L, Full-Doc Max Loan Amount $825K Message me to learn more. Are you a licensed mortgage broker in Florida with an idle license? Do you feel like you're not familiar enough with the game, despite being licensed and able to secure deals? Message me. Our team is continually growing. Our processors handle everything for you. All you need to do is keep bringing in deals. We offer generous commissions.

Curious about the buzz surrounding construction financing and why it's rapidly gaining momentum? Join me for a 45-minute session on Construction Financing where you can uncover all the ins and outs of this dynamic sector of mortgage lending

Did you know that you can get a VA Home Loan with NO DOWN PAYMENT? And, better still, there’s NO MAXIMUM LOAN LIMIT—you can borrow what you qualify for! Give me a call and I’ll answer all of your VA home loan questions. #VABenefits #VAHomeLoans

California could allow undocumented residents to qualify for new state-backed home loan program Contact me to discuss the latest scoop in real estate! #soldbytonyngai #tnrealtyinc #realestate #realtor #dreamhomes #realestateagent #homesofinstagram #homesearch #realestateinvesting #housingmarket

Curious about the buzz surrounding construction financing and why it's rapidly gaining momentum? Join me for a 45-minute session on Construction Financing where you can uncover all the ins and outs of this dynamic sector of mortgage lending.