Buying Florida

FNMA/FHMC loans will be affected by the rate due to ltv, credit scores, and income/debt ratio will it be better in some cases to go FHA will a higher than 40% income debt ratio affect your rate down payment can affect your rate tune in and learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

FHA dropped their monthly PMI payment from .85 down to .55 this is huge in terms of reducing the monthly mortgage payment. There still is the upfront funding fee of 1.75% but the monthly pmi has dropped As the market changes and FHA comes back into the market, another reason to use an FHA loan for the purchase of your home And if you own a home that is in a flood zone and have no mortgage thru cit...

A comfortable mortgage payment is one that you can afford without feeling financially strained or stressed. In general, a mortgage payment that is no more than 28% to 30% of your monthly gross income is considered to be affordable and comfortable. However, this can vary depending on your individual financial situation, including your other expenses, debts, and savings goals. It's important to...

How much are you saving by consolidating your debt into one mortgage? how long does it take to recuperate the cost if you are saving thousands a month? Are costs on your credit cards at an all-time high, are you getting ahead? Can you get relief by refinancing and getting the house in order we know the government will pivot and drop rates, but can we do well now before they pivot? Take the opportu...

Is it a good idea to close at the end of the year or the beginning of the new year what about portability from one home to the new home filing for homestead is a must tune in and learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 #mortgage #mortgagetips Support the show

s it best to close at the end of the month or the beginning one could be short of cash to close and then end of the month makes the most sense or you are in a lease and need the extra month, how does it all work tune in and learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 #mortgage Support the show

will your pension, social and 401k last your lifetime? will you have extra money for whatever may happen that is not in the budget what happens when the gov't pivots and prints another 10 trillion? will costs go up more why not have an equity line that you do not have to make payments on? why not have an equity line that goes increases with inflation tune in and learn more at https://www.ddam...

A mortgage broker acts as a middleman between borrowers and lenders. They can help borrowers find the best mortgage rates and terms by shopping around among a variety of lenders. Using a mortgage broker can save borrowers time and effort in finding a mortgage, as well as potentially getting a better deal than they would by going directly to a lender. Additionally, mortgage brokers are often famili...

no income verification - no tax returns for the self-employed, retired, volatile or irregular employment, seasonal or Gig workers, owners of  cash businesses, or maybe transitioning from recent health or other life events or the Alt doc loan can be a 1099, w2, or 12 monthly bank statement loans tune in and learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls...

tune in and learn more at https://www.ddamortgage.com/blog The first half of 2022 was fast and furious outbidding on each home cash being king then conventional and how strong conventional then barely looking at FHA/VA The second https://www.ddamortgage.com/blog half slowed down dramatically increasing rates, unaffordable homes with higher prices and higher rates then a sliver of hope the last wee...

loan application taken in 15 minutes du/lp approval in 30 minutes electronic signatures sent to you within the hour secure email provided to upload documents order appraisal if required order title you shop insurance underwriting in 1 day close in 3 weeks like easily done tune in and learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the sho...

what will happen when the govt pivots? the printing press will start up some time and what does that mean to you refinances again at the rates you are locked in at now sell and purchase a new home either to downsize or move up refinance and consolidate debt, student loans, auto, etc., Take out a reverse mortgage and use it for your retirement and so many different options there that can be used tu...

Have a Great holiday and Happy New Year! what happens in 2023,  take the time to reflect on how to grow your business  next year! what will happen to interest rates? what new products will be there what can you do to survive and thrive in choppy waters in your industry learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

Buying a home and not using all your cash owning a home and using the equity to payoff off a mortgage, get a HELOC, or get monthly payments set up to help in your retirement years With the volatility in the stock market, skyrocketing medical expenses, and food costs, is it time to use the equity in your home as a retirement vehicle tune in and learn more at https://www.ddamortgage.com/blog Support...

tune in at https://www.ddamortgage.com/blog rates are coming down for purchases houses are starting to stay on the market when the government pivots and prints trillions will inflation take off again? is it time now to buy and get into a home Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

tune in and learn more at https://www.ddamortgage.com/blog So, the bottom line is that the line of credit reverse mortgage shares some of the features of the HELOC. It is a line of credit that borrowers can use to borrow against the equity in their home and they only accrue interest on the funds they borrow. Unlike a HELOC, there are no payments due, the loan can never be closed by the lender beca...

Rates dropped this past week is the Gov't going to change course on the rates going up? The Gov't has an agenda and until they accomplish what they need to do, nothing will change until they achieve the goal of  lowering inflation It will not happen until sometime next year when they do change course and we will be able to refinance the HELOC, Credit card debt, student loans, and auto it...

need to get an interest only no closing costs loan on your home you have a great low rate on your first mortgage now but could use some money to  consolidate debt and get some cash with all the equity you have in your home HELOC may be the answer until the rates come back down again learn more at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

tune in at https://www.ddamortgage.com/blog Doing a 5-year or 7-year arm to help lower your mortgage payment as well as the 2/1 buydown there are options to help offset the higher interest rates we are experiencing at this time With the intention of refinancing in the following year to a 30-year fixed-rate mortgage Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

Those that have a lower rate from the past, may refinance and consolidate debt at the time rate Did you get an equity line and need to consolidate next year what happens when the gov't pivots and prints more money? for those that are buying in the higher range today, will get to refinance it next year what also happens when you print more money, will that create hyperinflation? tune in and le...

Fall out from SBA loans available no tax returns or cash flow may be the option 12 months of business bank statements may work as well there are many options for you that may not be what your Bank can offer you stepping outside the boundaries to find a home for you https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

0% down payment Good for 1 year after the Disaster Flexible underwriting for credit events caused by the disaster Purchase of a single-family home or unit in an FHA-approved condominium project https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show

After a major hurricane and Fema puts you in the county several things must happen you need to get a re-inspection of your home most will require the appraiser to go out and visit the house inside and out some will require photos, and letters from the buyer and seller that no damage has happened bound insurance everyone seems to have their own requirements from FHA/VA/FHMC/FNMA to the nonqm lender...

getting a CPA letter no adverse effect of taking the funds out of the business what % do you own your business tune in at https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA mortgage nmls#324329 Support the show

tune in and learn more at https://www.ddamortgage.com/blog Shop your interest rates don't pay points the least amount of closing costs government will pivot refinancing next year Didier Malagies nmls#212566 DDA Mortgage nmls#324329 Support the show