06 Dec 2023
By Lonny Levine
You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?

You Ask, We Answer: What Are the Pros and Cons of Private Mortgage Insurance?

Home Mortgage Tips, ,
It's easy to get Private Mortgage Insurance (PMI) confused with homeowners' insurance, but PMI is an entirely different thing that may or may not be necessary when it comes to your home purchase. If you're going to be investing in a home in the near future and are wondering what PMI may mean for you, here are some things to consider regarding this type of insurance. Your Down Payment Amount If you've been perusing the housing market for a while, you've probably heard that 20% is the ideal amount to put down when investing in a home; however, you might…
Read More
28 Sep 2023
By Lonny Levine
Reverse Mortgages: Your Path to a Golden Retirement

Reverse Mortgages: Your Path to a Golden Retirement

Home Mortgage Tips, ,
With a high volume of millennials set to enter the real estate market this year, it may seem like all the available options out there were created to snag new home buyers. However, there are products available on the market that cater to those who are in their golden years too. If you're older than 62 and are currently weighing the options with your mortgage, here are the basics on reverse mortgages and why they might positively benefit you. The Scoop On Reverse Mortgages It may seem like this mortgage option hasn't been around that long, but it was actually…
Read More
27 Sep 2023
By Lonny Levine
Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

Understanding Mortgage Amortizations and Why Longer Periods Can Cost More

Home Mortgage Tips, ,
Buying a home is one of the largest investments you will make in your life, and that's why so many people have longer mortgage amortization periods to pay down the principal. While it may seem appealing to have a longer amortization period, here's why an extended loan term can end up costing you more and may be less financially beneficial when it comes right down to it. About Mortgage Amortization Generally speaking, a 25-year mortgage amortization period can be typical, but there are many loan periods that a homebuyer can choose for amortization. While a longer-loan period may seem enticing…
Read More
15 Sep 2023
By Lonny Levine
Understanding the Differences Between ‘Prequalified’ And ‘Preapproved’ For a Mortgage

Understanding the Differences Between ‘Prequalified’ And ‘Preapproved’ For a Mortgage

Home Mortgage Tips, ,
Are you in the market for a new home? If you are going to rely on mortgage financing to cover some of the purchase cost, you will need to start the application process as soon as possible. However, what if you just need to know how much you will be able to borrow so you can start finding homes in your price range? Let's take a quick look at the difference between being 'prequalified' and 'preapproved' for mortgage financing. The Process Starts With Prequalification The first step in obtaining mortgage financing is to speak with a mortgage professional to get…
Read More
22 Jun 2023
By Lonny Levine
Mastering the Home Buying Maze: Critical Legal Documents Every Buyer Should Know

Mastering the Home Buying Maze: Critical Legal Documents Every Buyer Should Know

Home Mortgage Tips, ,
  Purchasing a house can be an exhilarating yet intricate process that encompasses various legal obligations. To fulfill these obligations, you will be required to provide several documents to your lender and the seller. The specific documents needed may vary depending on the lender and the type of loan you are applying for. Here are some of the most common documents you may need: Proof of Income: This entails pay stubs, W-2 forms, and tax returns from the previous two years to verify your income. Bank Statements: You must provide bank statements from the past two to three months to…
Read More
07 Jun 2023
By Lonny Levine
0 Comments
Non-QM Solutions: Making Homeownership Attainable for Borrowers with Credit Difficulties

Non-QM Solutions: Making Homeownership Attainable for Borrowers with Credit Difficulties

Blog, Home Mortgage Tips, Mortgage
Accessible Mortgages: Non-QM Loans Empowering Credit-Challenged Homebuyers Take the first step towards securing the financing you need with NON-QM Lending. Contact me now to learn how we can help you with your unique financial situation. Don't let the strict requirements of traditional lending hold you back. Let NON-QM Lending provide you with a personalized lending solution today. Schedule a call with me here.
Read More
24 May 2023
By Lonny Levine
0 Comments
From Dreams to Reality: How the National Homebuyers Fund Can Help You with 100% and Zero Down Payment

From Dreams to Reality: How the National Homebuyers Fund Can Help You with 100% and Zero Down Payment

Home Mortgage Tips, Mortgage
Achieving Homeownership: Leveraging the National Homebuyers Fund for Down Payment Assistance In conclusion, the National Homebuyers Fund is your key to turning homeownership dreams into reality, offering assistance for both 100% and zero down payment options. Don't let down payment challenges hold you back—connect with me today to discover how the National Homebuyers Fund can help you take that important step towards owning your own home. Together, let's make your dreams come true. Schedule a call with me here.
Read More
09 May 2023
By Lonny Levine
0 Comments
How the 2/1 Buydown Program Can Help You Save Money on Your Mortgage

How the 2/1 Buydown Program Can Help You Save Money on Your Mortgage

Home Mortgage Tips, Mortgage, Mortgage Tips
Understanding the Mechanics of a 2/1 Buydown Program: Everything You Need to Know In conclusion, the 2/1 Buydown Program is a valuable opportunity for homebuyers to save money and increase affordability. By understanding its mechanics and benefits, you can make an informed decision that aligns with your goals. With the right knowledge, the 2/1 Buydown Program can pave the way to a brighter future for you and your family. Happy homebuying! Schedule a call with me here.
Read More
26 Apr 2023
By Lonny Levine
0 Comments
Stop Renting and Start Owning: How Loan Programs Can Make Homeownership Possible

Stop Renting and Start Owning: How Loan Programs Can Make Homeownership Possible

Around The Home, Home Buyer Tips, Home Mortgage Tips, Mortgage, Real Estate
Breaking the Rent Cycle: How Loan Programs Can Help You Become a Homeowner In conclusion, owning a home is more than just a place to live; it's an investment in your financial future. By taking advantage of loan programs and making the switch from renting to owning, you can start building equity and securing a brighter financial future for you and your family. So what are you waiting for? Start your journey to homeownership today! Schedule a call with me here.
Read More