Category: Calculators
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Are You Waiting For The Perfect Time To Buy A Home?
🏠💡 First-time homeowner: Waiting for the perfect time to buy a home? 🤔💰 Consider this—every day you wait is a day you could be building equity. Investing sooner means your money starts working for you sooner, too. Let’s discuss how homeownership can be a smart financial move for your future! #HomeownershipBenefits #BuildEquity #SmartInvesting #MollyMaguire #MortgageSpecialist
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Private Mortgage Insurance Tips and Tricks
🔍📋 Let’s dive into Private Mortgage Insurance (PMI)! What is it? 🏠 PMI is insurance that protects the lender if you can’t make your mortgage payments. It’s usually required if your down payment is less than 20%. Tips & Tricks: 💡 Increase your down payment to 20% to avoid PMI. 💡 Improve your credit score…
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Factors That Can Lead a Loan to not be Approved
Factors That Can Lead To A Loan Not Being Approved ⚠️🚫 Cautionary Tale: Factors That Can Lead to a Loan Not Being Approved Credit Issues: 💳 Low credit scores or recent late payments can raise red flags. Debt-to-Income Ratio: 📊 Too much debt compared to income can make lenders wary. Employment Changes: 💼 Recent job…
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Top 10 Things You Should Tell Your Lender
Top 10 Things to Tell Your Lender Before Buying Your First Home Employment History: Share your job stability and income details. Income Sources: Disclose all sources of income, including bonuses and freelance work. Debts: List all current debts like student loans, car loans, and credit cards. Credit History: Be transparent about your credit score and…
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Home Affordability
Lots of factors affect what you can afford such as down payment, terms of your loan and your interest rate. Check out this home affordability calculator from readynest.com to get started. As always you can reach out to me with ANY questions about mortgage financing. https://host.visualcalc.com/mgiccalcs/mmcalculator.jsp?c=homeafford
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Don’t Let Hurdles Hold You Back: Your Guide to Overcoming Homebuying Challenge.
Let’s chat about solutions
mollyMarieMaguire 