16 Aug 2023
By Lonny Levine
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Mastering Mortgage Management: Achieving a Balanced Financial Life

Mastering Mortgage Management: Achieving a Balanced Financial Life

Mortgage Tips, ,
As the housing market continues to evolve, it becomes increasingly crucial for aspiring homeowners to tread carefully and avoid falling into the trap of being house poor. The dream of owning a home should not come at the expense of financial stability and overall well-being. Here are some essential tips to steer clear of this precarious situation: Setting a Sensible Budget: Before even considering purchasing a house, it's imperative to create a comprehensive budget that includes all your income, expenses, and financial goals. Be honest with yourself about what you can afford, considering not only the mortgage but also property…
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20 Jul 2023
By Lonny Levine
Critical Tips To Consider When Hiring A Home Contractor

Critical Tips To Consider When Hiring A Home Contractor

Mortgage Tips, ,
Hiring a home contractor can be a daunting task, as the success of your home renovation or construction project depends largely on the competence of the contractor you choose. Here are some critical tips to consider when hiring a home contractor: Research: Do thorough research on potential contractors before hiring them. Check their credentials, licenses, certifications, and experience. Also, look for reviews and testimonials from past clients to get an idea of their work quality. Get multiple quotes: Request quotes from multiple contractors and compare them. This will give you an idea of the average cost of the project and…
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26 May 2023
By Lonny Levine
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NON-QM Lending: Empowering Unique Borrowers with Creative Financing Solutions

NON-QM Lending: Empowering Unique Borrowers with Creative Financing Solutions

Mortgage, Mortgage Tips
NON-QM Lending: Unlocking the Door to Homeownership for Credit-Challenged Borrowers 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.
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19 May 2023
By Lonny Levine
The Role of Land Surveys in Real Estate Transactions: What You Need to Know

The Role of Land Surveys in Real Estate Transactions: What You Need to Know

Mortgage Tips, ,
A land survey is an essential tool that is used to determine the exact boundaries of a piece of land or property. It is often required when buying, selling, or dividing land, and is also important for resolving property line disputes. Process: The process of land surveying typically involves a licensed surveyor visiting the property to take precise measurements and create a detailed map or plan of the land. This may include identifying any physical features of the property, such as trees, buildings, or natural landmarks, as well as any easements or encroachments. Types: There are several different types of…
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10 May 2023
By Lonny Levine
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The Key to Smart Homeownership: Discover the Benefits of Comparing Mortgages

The Key to Smart Homeownership: Discover the Benefits of Comparing Mortgages

Mortgage Tips, ,
Comparing mortgages is a crucial step in the process of buying a home or refinancing an existing mortgage. Here are some reasons why: Save Money: Comparing mortgages can help you save money by finding the best interest rates and terms available. A lower interest rate can mean thousands of dollars in savings over the life of a mortgage. Avoid Pitfalls: By comparing mortgages, you can avoid pitfalls such as hidden fees, penalties, or other unfavorable terms that can cost you money and cause financial stress. Negotiate Better Terms: If you have a good understanding of what's available in the mortgage…
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09 May 2023
By Lonny Levine
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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.
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13 Apr 2023
By Lonny Levine

How to Run a Quick Financial Health Check Before You Apply for a Mortgage

Mortgage Tips, ,
Are you planning on using a mortgage to help cover the cost of a new home? If so, you will want to prepare your finances and figure out how you will manage all those wallet-draining monthly expenses. Let's take a look at how to run a quick financial health check to ensure you are ready to apply for a mortgage. Update (Or Start) Your Monthly Budget First, it is essential to get the basics out of the way. If you haven't already, it's time to start a monthly budget to keep track of your income and expenses. Once you have…
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06 Apr 2023
By Lonny Levine

Why Your ‘Debt-to-Income Ratio’ Number Matters When Obtaining a Mortgage

Mortgage Tips, ,
If you are looking to buy a home, you may want to consider shopping for a loan first. Having your financing squared away ahead of time can make it easier to be taken seriously by buyers and help move along the closing process. For those who are looking to get a mortgage soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. What is a Debt-to-Income Ratio? A debt-to-income ratio is the percentage of monthly debt payments compared to the amount of gross income that a person earns…
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