#FHA Loan providers

[marcus-ranton]

Bill Donaldson at Guaranteed Rate is your trusted partner for mortgage lending solutions in Lake Mary FL. As premier home loans providers, we offer a comprehensive range of services to meet your needs. Specializing in FHA loans near you, we help clients secure government-backed financing with favorable terms. Additionally, our expertise includes navigating foreclosed property sales, providing valuable assistance to buyers and investors. With our team of experienced lending agents, you can expect personalized service and expert guidance throughout the mortgage process. As a reputable private mortgage agency, we are committed to delivering competitive rates and flexible terms tailored to your financial goals. Count on Bill Donaldson at Guaranteed Rate for a seamless and stress-free lending experience. Contact us today to learn more about our mortgage services in Lake Mary FL.

[insert-witty-user-name-here]

50+ Good Things from the Biden Administration

Just a list of 50+ good things the Biden Administration has done in the last 4 years because I’ve been hearing too much rhetoric that it doesn’t matter who you vote for. It does make a difference. 

Increased access to healthcare and specifically codified protections for LGBTQ+ patients against discrimination. (x) 

Strengthened women's reproductive rights by increasing access to reproductive health care, improving confidentiality to protect against criminalization for patients receiving reproductive care, and revoked Medicaid waivers from states that would exclude providers like Planned Parenthood, and more. (x)

Expanded healthcare and benefits for veterans through the PACT Act (x)

Cemented protections for pregnant and postpartum workers through the Pregnant Workers Fairness Act and PUMP for Nursing Mothers Act. 

Improved access to nursing homes for those who receive Medicaid services and established, for the first time, a national minimum staffing requirement for nursing homes to ensure those in their care receive sufficient support.  (x) 

Lowered healthcare costs for those with Medicare which capped insulin for seniors at $35 a month, made vaccines free, and capped seniors’ out of pocket expenses at the pharmacy through the Inflation Reduction Act. 

Fully vaccinated 79% of American adults against COVID-19 (I know this is old news now this is a big deal) 

Banned unfair practices that hide housing fees from renters and homebuyers when moving into a new home (x) 

Reduced the mortgage insurance premium for Federal Housing Administration (FHA) mortgages and clarified that inflated rents caused by algorithmic use of sensitive nonpublic pricing and supply information violate antitrust laws. (x) 

Increased protections for those saving for retirement from predatory practices. (x)

Helped millions of households gain access to the internet through the Affordable Connectivity Program. (x) 

Restored net neutrality (net neutrality is a standard which ensures broadband internet service is essential and prohibits interna providers from blocking, engaging in paid prioritization, and more.) (x)

Increased protections for loan holders as well as increased access to loans (x)

Cut fees that banks charge consumers for overdrawing on their accounts. (x)

Reaffirmed HUD’s commitment to remedy housing discrimination under the Fair Housing Act (which was– surprise, surprise– halted under the Trump administration). (x)

Rejoined the Paris Climate Accords.  

Listed more than 24 million acres of public lands across the country as environmentally protected and has channeled more than $18 billion dollars toward conservation projects. (And revoked the permit for the Keystone XL pipeline amongst others). 

Invested $369 billion to reduce greenhouse emissions and promote clean energy technologies through the Inflation Reduction Act. Through the tax incentives under the Inflation Reduction Act, renewable energy (such as wind, solar, and hydropower) has surpassed coal-fired generation in the electric power sector for the first time, making it the second-biggest source of energy behind natural gas. (x)

Strengthened protections against workplace assault through the Speak Out Act. (x) 

Increased protections for workers during the union bargaining process (x)

Is making it easier for passengers to obtain refunds when airlines cancel or significantly change their flights, significantly delay their bags, or fail to provide extra services when purchased. (x)  

Invested $1.2 trillion into roads, waterlines, broadband networks, airports and more allowing for more bridges, railroads, tunnels, roads, and more through the Inflation Reduction Act (which also added 670,000 jobs). (idk about you but I like driving on well maintained roads and having more rail options).  

Strengthened overtime protections for federal employees (x)

Raised the minimum wage for federal workers and contractors to $15. (x)

Strengthened protections for farmworkers by expanding the activities protected from retaliation by the National Labor Relations Act and more. (Previously anti-retaliation provisions under the National Labor Relations Act applies mostly to only U.S. citizens) (x)

Invested $80 billion for the Internal Revenue Service to hire new agents, audit the wealth, modernize its technology, and more. Additionally, created $300 billion in new revenue through corporate tax increases. (x) 

Lowered the unemployment rate to 3.5% — the lowest in 50 years. 

Canceled over $140B of student debt for nearly 40 million borrowers. (x)

Strengthened protections for sexual assault survivors, pregnant and parenting students, and LGBTQ+ students in schools through an updated Title IX rule. This updated rule strengthens sexual assault survivors rights to investigation– something that had been gutted under the Trump administration, strengthens requirements that schools provide modifications for students based on pregnancy, prohibits harassment based on sexual orientation or gender identity, and more. (x)

Revoked an order that limited diversity and inclusion training. (x)

Cracked down on for profit colleges. (x)

Reaffirmed students’ federal civil rights protections for non-discrimination based on race, national origin, disability, religion, sexual orientation, gender in schools. Specifically, the Department of Education made clear students with disabilities’ right to school, limiting the use of out of school suspensions and expulsions against them. (x) (x) 

Enhanced the Civil Rights Data Collection, a national survey that captures data on students’ equal access to educational opportunities. These changes will improve the tracking of civil rights violations for students, critical for advocates to respond to instances of discrimination. 

Provided guidance on how colleges and universities can still uphold racial diversity in higher education following the Supreme Court decision overturning affirmative action. (x) 

Issued a federal pardon to all prior Federal offenses of simple possession of marijuana. Additionally, the DEA is taking steps to reclassify marijuana as a Schedule III substance instead of a Schedule I, limiting punishment for possession in the future. (x) 

Changed drug charges related to crack offenses, now charging crack offenses as powder cocaine offenses. This is a big step towards ending the racial disparity that punishes crack offenses with greater severity than offenses involving the same amount of powder cocaine. (x) 

Lowered the cost of local calls for incarcerated people through the Martha Wright-Reed Just and Reasonable Communications Act as well as increased access for video calls (especially impactful for incarcerated people with disabilities). (x) 

Enacted policing reforms that banned chokeholds, restricted no-knock entries, and restricted the transfer of military equipment to local police departments. (x)

Established the National Law Enforcement Accountability Database (NLEAD) which will better track police officer misconduct. This database will vet federal law enforcement candidates who have a history of misconduct from being rehired and will make it easier and faster to charge police officers under the Death in Custody Reporting Act. (x) 

Added disability as a protected characteristic alongside race, gender, religion, and sexual orientation. Under the law, police officers are prohibited from profiling people based on these characteristics. …It sadly happens anyway but now there’s an added legal protection which means a mechanism to convict police officers should they break the law. (x) 

Required federal prisons to place incarcerated individuals consistent with their chosen pronouns and gender identity. (x) 

Expanded gun background checks by narrowing the “boyfriend” loophole to keep guns out of the hands of convicted dating partners, strengthening requirements for registering as a licensed gun dealer (closing the “gun show loophole”), and more through the Bipartisan Safer Communities Act.  (x) 

Increased mental health programs within police departments to support officers experiencing substance use disorders, mental health issues, or trauma from their duties. (x)

Lifted Trump era restrictions on the use of consent decrees. The Justice Department uses consent decrees to force local government agencies (like police departments) to eliminate bad practices (such as widespread abuse and misconduct) that infringe on peoples’ civil rights. (x) 

Improved reporting of hate crimes through the COVID-19 Hate Crimes Act (x) 

Nominated the first Black woman to sit on the Supreme Court 

Confirmed 200 lifetime judges to federal courts, confirming historic numbers of women, people of color, and other judges who have long been excluded from our federal court system. (64% are women, 63% are people of color) 

Designated Temporary Protected Status (TPS) status for immigrants from Cameroon, Haiti, ​​El Salvador, Haiti, Honduras, Nepal, Nicaragua, Sudan, and more. (x) 

Ended the discriminatory Muslim and African bans (x). 

Provided a pathway to citizenship for spouses of U.S. citizens that have been living in the country without documentation. (x) 

Expanded healthcare to DACA recipients (x) 

This one is… barely a win but not by fault of the Biden Administration. The Department of Homeland Security as of Feb 2023 has reunited nearly 700 immigrant children that were separated from their families under Trump’s Zero Tolerance Policy. From 2017-2021, 3,881 children were separated from their families. About 74% of those have been reunited with their families: 2,176 before the task force was created and 689 afterward. But that still leaves nearly 1,000 children who remain tragically separated from their families from under the Trump Administration. (x)

(okay this one is maybe only exciting for me who’s a census nerd) Revised federal standards for the collection of race and ethnicity data, allowing for federal data that better reflect the country’s diversity. Now, government forms will include a Middle Eastern/ North African category (when previously those individuals would check “white”). Additionally, forms will now have combined the race & ethnicity question allowing for individuals to check “Latino/a” as their race (previously Latine individuals would be encouraged to check “Latino” for ethnicity and “white” for race… which doesn’t really resonate with many folks). (x) (I know this sounds boring but let me tell you this is BIG when it comes to better data collection– and better advocacy!).

Rescinded a Trump order that would have excluded undocumented immigrants from the 2020 Census which would have taken away critical funds from those communities. 

Required the U.S. federal government and all U.S. states and territories to recognize the validity of same-sex and interracial civil marriages by passing the Respect for Marriage Act, repealing the Defense of Marriage Act.

Reversed Trump’stransgender military ban. 

Proposed investments in a lot of programs including universal pre-k, green energy, mental health programs across all sectors, a national medical leave program for all workers and more. (x) 

Last… let’s also not forget all the truly terrible things Trump did when he was in office. If you need a reminder, scroll this list, this one mostly for giggles + horror, for actual horror about what a Trump presidency has in store, learn about ‘Project 2025’ from the Heritage Foundation. I know this post is about reasons to vote FOR Biden but let’s not forget the many, many reasons to vote for him over Trump. 

So, there it is, 50+ reasons to vote for Biden in the 2024 Election. 

Check your voter registration here, make a plan to vote, and encourage your friends to vote as well. 

All in all, yeah… there’s a lot of shitty things still happening. There’s always going to be shit but things aren’t going to change on their own. And that change starts (it certainly doesn’t end) with voting. 

Go vote in November. 

[stkvlog07]

Demystifying Mortgages for First-Time Buyers

Understanding Mortgages: A Primer

What is a Mortgage?

A mortgage is a loan provided by a lender, typically a bank or mortgage company, to help individuals purchase a home. The borrower pledges the property as collateral, and the lender provides funds for the purchase, which the borrower then repays over time with interest.

Types of Mortgages

There are various types of mortgages available to homebuyers, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), government-backed loans (such as FHA loans), and specialized programs for first-time buyers. Each type has its own terms, interest rates, and eligibility requirements.

[randamhajile]

Real Shit For Anyone Wanting to Buy Property Now

It's a buyers market. Sellers are willing to concede on list price and even go as far as providing a 3% or 6% credit of the cost of the home for buyers. That can buy down your interest rate or be put towards a down payment or repairs, closing costs, moving, etc.

Many states have first time home buyers programs that aren't nearly as strict as FHA loans which can get you good rates and 0% down as well.

A $250,000 2-3 bed condo, co-op, or townhome will be about $2k a month with current interest rates including PMI, taxes, and insurance. 3% of $250k is $7500 which will cover closing costs easily in most places. When interest rates go down in a few years you refinance and pay a few hundred less each month, too.

How many of you are collectively paying $2k or more already for rent? Buy property with someone before the market shifts again. Stop pissing money in to landlord pockets if you can.

[firsttimehomebuyerpros]

First Time Home Buyer Pros

At First Time Home Buyer Pros, we understand how daunting it can be to take the first step towards buying a home. As experts in providing Home Loans, Mortgages and assisting with FHA Loans for FTHBs in Temecula, CA, our team of Loan Officers and Real Estate Agents are here to help guide you through the process. Our mission is to make your journey as smooth as possible by offering tailored advice based on your situation and needs. We pride ourselves on our deep knowledge of the market in Temecula, CA, enabling us to guide you on what type of loan would best suit you while also helping negotiate the best price for your new home purchase. With years of experience under our belts and a passion for helping people achieve their homeownership goals, trust us to be there every step, from finding that perfect property until signing those final papers.

At First Time Home Buyer Pros, we pride ourselves on being a trusted resource for individuals in the Temecula, CA area interested in purchasing their first home. Buying a home can be an overwhelming and confusing process, especially for those who have never gone through it before. That's where we come in - our team of Loan Officers and Real Estate Agents is dedicated to providing personalized guidance to help you find your dream home.

We offer services tailored specifically to our client's needs as FTHBs in Temecula, including assistance finding suitable loan options, such as FHA loans or other mortgages that fit individual situations. Our experts are here to walk each step of the journey with you, from calculating what type of costs will be involved upfront (down payment, etc.) to all necessary paperwork submissions like getting pre-qualified for financing to negotiating better homes they desire.

We believe everyone deserves the chance to own their real estate and build wealth over time through homeownership. With free service consultations at every appointment provided by expert agents that also specialize solely towards serving people looking into buying homes using different forms, which include FHA Loans or traditional mortgages, we're able to share relevant information about neighborhoods within this community so prospective buyers feel confident enough not just when making offers but negotiations too!

Contact Us: First Time Home Buyer Pros 32209 Camino Herencia Temecula CA 92592 +1 949-357-5029 hello@fthbpros.com http://fthbpros.com/

[alitonfinancetexas]

What Is the Mortgage Pre-Approval Process in Texas?

The challenges are well recognized for prospective buyers navigating the current real estate landscape. The real estate market is intensely competitive. It necessitates swift action to secure a desired property. One effective strategy to enhance your offer and expedite the purchasing process is to obtain pre-qualification for a mortgage before commencing your home search. This approach allows you to ascertain your budget. It ensures you do not have to invest in a property that exceeds your financial means.

The journey to qualify for a home loan can be intimidating! It can be annoying even for those who have previously been involved in the mortgage process. Fortunately, mortgage applicants need not traverse this financial journey in isolation. Mortgage loan professionals are available to assist both novice and seasoned borrowers in navigating the pre-approval process for home mortgages in Texas or conventional financing options. What does the preapproval process look like? Why is it important?  Let’s find it out.

What Is Mortgage Pre-Qualification?

A mortgage pre-qualification occurs when a lender reviews your financial documentation to assess your borrowing capacity. They will issue a letter confirming our collaboration and your eligibility for a mortgage loan corresponding to the amount you proposed for the property. 

It is important to note that pre-qualification does not equate to final loan approval! However, completing this crucial step is essential in the journey toward acquiring your new home. A pre-approval letter serves as a prudent and effective means to showcase your borrowing qualifications to sellers as a prospective buyer.

What are The Factors To Be Considered by Lenders for Mortgage Preapproval?

During the preapproval process, the lender must address three key underwriting questions to arrive at a well-informed credit decision. Lenders evaluate these “creditworthy” characteristics based on financial documents and other information such as the Borrower's Financial Capacity, Repay the Mortgage As Agreed, and the value of collateral security. 

Such a question enables the lander to judge the ability of the borrower to pay back the debt. Texas mortgage lenders seek adequate collateral security to recover funds in the event of a loan default. Submitting all necessary documents in advance can expedite the final loan approval process, facilitating a quicker home purchase.

Why Is Pre-Qualification for a Mortgage Necessary?

Upon reviewing the submitted documents during the pre-qualification process, a pre-approval letter is issued based on the borrower's income, assets, and credit profile, provided that the borrower meets the established lending criteria. Beyond the financial planning aspect, the main purpose of obtaining pre-qualification is to enhance your credibility as a buyer. 

This is crucial, as buyers must take every possible step to ensure their offer is appealing to sellers. When you submit an offer on a property, your Realtor will include your pre-qualification letter along with the necessary documentation to demonstrate to the seller that you possess the financial capability to purchase the home at the proposed price. Your pre-qualification letter will reassure the seller that you have sufficient funds to close the deal.  

How Do I Get Pre-Qualified for a Mortgage?

The procedure for obtaining pre-qualification for a mortgage is relatively straightforward. The lender will assess your credit history, income, and assets. They do it to ascertain the amount of money you are eligible to borrow. They will obtain your credit report on your behalf. They may ask for your bank statements, tax returns, and documentation of property to verify your income and assets.

Whether you’re looking for an FHA-approved lender or other types of conventional mortgages, reach out soon to Aliton Finance Texas, and learn how they can help!

[vanessajonesschlomer]

Vanessa Jones Schlomer

Home Loan with HomeLoansWithVanessa

Navigating the world of home loans can feel overwhelming, especially with so many options available. At HomeLoansWithVanessa, we simplify the process, offering personalized mortgage solutions tailored to your unique financial situation. Whether you're a first-time homebuyer, looking to refinance, or interested in exploring other mortgage options, we’re here to guide you every step of the way.

Why Choose HomeLoansWithVanessa?

At HomeLoansWithVanessa.com, we pride ourselves on providing excellent customer service, competitive rates, and expert advice. We understand that each homebuyer has different needs, and we take the time to listen and understand your goals. With a variety of loan options, including FHA loans, VA loans, conventional mortgages, and refinancing options, we work with you to find the perfect solution for your situation.

One of the key benefits of working with Vanessa is her hands-on approach. She is committed to helping you through the entire loan process, from initial consultation to closing. With years of experience in the industry, Vanessa has developed a deep understanding of the market and is able to offer insights that many larger, impersonal lenders may not provide. Whether you have questions about your credit score, down payment requirements, or what loan type is best for you, Vanessa is here to make the experience as stress-free as possible.

Get Started Today

The home loan process doesn’t need to be complicated. With HomeLoansWithVanessa, you’ll receive the support and expertise you need to make informed decisions. We offer free consultations, so you can get started on the right foot without any obligation. Plus, with competitive mortgage rates and flexible terms, we ensure that your home loan experience is both affordable and efficient.

Ready to make your dream home a reality? Contact HomeLoansWithVanessa today and let us help you find the perfect loan for your needs.

Address : 14201 Ranch Road 12, Suite 3 Wimberley

Phone number : +1 (512) 790-0947

Zip code : TX 78676

[mortgagescoralsprings]

Selecting the Right Mortgage Lender in Florida for Your Home Purchase

electing the Right Mortgage Lender in Florida for Your Home Purchase

When it comes to purchasing a home in Florida, one of the most important decisions you’ll make is choosing the right mortgage lender. Whether you're a first-time homebuyer or looking to refinance, your mortgage lender will play a significant role in your home-buying journey. With so many options available, how do you find the lender that’s best suited for your needs? At Mortgage Coral Springs, we understand that this process can feel overwhelming. That's why we’ve put together this guide to help you navigate the process and select the right mortgage lender for your Florida home purchase.

1. Understand Your Mortgage Needs

Before you start comparing lenders, it’s essential to understand your own financial situation and what type of mortgage you need. In Florida, there are several different types of loans available, including:

Conventional Loans: These are standard loans that aren’t backed by the government. They tend to have stricter requirements but offer competitive rates for those with good credit.

FHA Loans: A great option for first-time homebuyers or those with less-than-perfect credit, FHA loans have lower down payment requirements.

VA Loans: Available for veterans and active-duty service members, VA loans typically offer favorable terms such as no down payment and no private mortgage insurance (PMI).

Jumbo Loans: If you’re purchasing a home that exceeds the conforming loan limits in Florida, you might need a jumbo loan. These come with higher limits but stricter requirements.

At Mortgage Coral Springs, we can help you explore these options and choose the loan type that best suits your financial goals.

2. Check Interest Rates and Fees

Interest rates can vary significantly depending on the lender, your credit score, and the loan type. Even a small difference in rates can add up over the life of your loan, so it’s crucial to shop around. Look for lenders that offer competitive rates and low fees.

When comparing mortgage lenders, make sure to inquire about:

Interest Rates: Ensure you get a good rate that aligns with your financial situation.

Loan Origination Fees: Some lenders charge these fees to process your loan application.

Closing Costs: These are the fees associated with finalizing your loan and purchasing your home, and they can vary greatly between lenders.

Mortgage Coral Springs offers transparent, competitive pricing, and we’ll walk you through the cost breakdown to help you understand exactly what you’re paying for.

3. Research Lender Reputation and Customer Service

Choosing a mortgage lender is more than just about rates – it’s about working with a partner who can guide you through the process smoothly. A reputable lender with excellent customer service will provide support when you need it and ensure that you’re well-informed at every step.

Read online reviews and ask friends or family for recommendations. Look for a lender who is responsive to your inquiries, offers clear communication, and provides personalized service. At Mortgage Coral Springs, we pride ourselves on offering attentive and reliable service throughout your home-buying journey.

4. Consider the Lender’s Experience with Florida Market

Florida’s real estate market can be unique, with factors like flood insurance requirements, seasonal fluctuations, and local regulations affecting the home-buying process. It’s essential to choose a lender who understands the intricacies of the Florida market and can provide you with tailored advice.

Mortgage Coral Springs has years of experience working with Florida buyers, and we’re familiar with the nuances of the local market. Whether you’re purchasing a home in Coral Springs or another part of Florida, we have the local expertise to guide you through the process.

5. Evaluate the Lender’s Loan Processing Time

The timeline for closing a loan can vary depending on the lender and your specific situation. Some lenders are quicker than others, and in a competitive real estate market like Florida’s, timing can be everything. Ensure that your lender can meet your timeline for closing, especially if you’re in a time-sensitive situation.

At Mortgage Coral Springs, we work efficiently to help you close on your new home as quickly as possible while ensuring a smooth process.

6. Pre-Approval Process

Getting pre-approved for a mortgage is a crucial step before you start house hunting in Florida. A pre-approval letter shows sellers that you’re a serious buyer and helps you understand your budget. When choosing a lender, inquire about the pre-approval process, including how long it takes and what documentation is required.

Mortgage Coral Springs offers quick and easy pre-approval, so you can start your home search with confidence.

7. Ask About Special Programs and Benefits

Many lenders offer special programs for first-time homebuyers, military veterans, and even specific areas of Florida. These programs can help you secure better rates or lower down payments. Make sure to ask your lender about any programs that could benefit you.

We offer a variety of special programs at Mortgage Coral Springs, including FHA, VA, and USDA loans, designed to make homeownership more accessible.

Conclusion

Choosing the right mortgage lender is a crucial step in your Florida home-buying journey. By understanding your financial needs, comparing rates, and working with a lender who knows the Florida market, you can set yourself up for success. At Mortgage Coral Springs, we’re here to help you every step of the way. With our competitive rates, exceptional customer service, and deep knowledge of the Florida market, we make securing your dream home easier than ever.

Ready to take the next step in buying your Florida home? Contact Mortgage Coral Springs today to get started on your mortgage application and begin the journey to homeownership!

[landrethryan-blog]

FHA Loans for Nurses: Affordable Home Financing Solutions

FHA loans for nurses provide nurses an affordable and accessible way to achieve homeownership. With lower down payment requirements, flexible credit qualifications, and competitive interest rates, these loans are tailored to meet your needs.  

A and N Mortgage

1945 N. Elston Ave, Chicago, Illinois. 60642

+1 7733055626

[insert-witty-user-name-here]

10+ Good Things Biden has Done: Healthcare, Housing, and LGBTQ+ Edition

Just a list of 10+ good things Biden has done in the last 4 years because I’ve been hearing too much rhetoric that it doesn’t matter who you vote for. It does make a difference. 

Find more 10+ good things here, here, and here.

Increased access to healthcare and specifically codified protections for LGBTQ+ patients against discrimination. (x) 

Strengthened women's reproductive rights by increasing access to reproductive health care, improving confidentiality to protect against criminalization for patients receiving reproductive care, and revoked Medicaid waivers from states that would exclude providers like Planned Parenthood, and more. (x)

Expanded healthcare and benefits for veterans through the PACT Act (x)

Cemented protections for pregnant and postpartum workers through the Pregnant Workers Fairness Act and PUMP for Nursing Mothers Act. 

Improved access to nursing homes for those who receive Medicaid services and established, for the first time, a national minimum staffing requirement for nursing homes to ensure those in their care receive sufficient support.  (x) 

Lowered healthcare costs for those with Medicare which capped insulin for seniors at $35 a month, made vaccines free, and capped seniors’ out of pocket expenses at the pharmacy through the Inflation Reduction Act. 

Fully vaccinated 79% of American adults against COVID-19 (I know this is old news now this is a big deal) 

Banned unfair practices that hide housing fees from renters and homebuyers when moving into a new home (x) 

Reduced the mortgage insurance premium for Federal Housing Administration (FHA) mortgages and clarified that inflated rents caused by algorithmic use of sensitive nonpublic pricing and supply information violate antitrust laws. (x) 

Increased protections for those saving for retirement from predatory practices. (x)

Helped millions of households gain access to the internet through the Affordable Connectivity Program. (x) 

Restored net neutrality (net neutrality is a standard which ensures broadband internet service is essential and prohibits interna providers from blocking, engaging in paid prioritization, and more.) (x)

Increased protections for loan holders as well as increased access to loans (x)

Cut fees that banks charge consumers for overdrawing on their accounts. (x)

Reaffirmed HUD’s commitment to remedy housing discrimination under the Fair Housing Act (which was– surprise, surprise– halted under the Trump administration). (x)

Required the U.S. federal government and all U.S. states and territories to recognize the validity of same-sex and interracial civil marriages by passing the Respect for Marriage Act, repealing the Defense of Marriage Act.

Reversed Trump’stransgender military ban.

Proposed investments in a lot of programs including universal pre-k, green energy, mental health programs across all sectors, a national medical leave program for all workers and more. (x) 

Last… let’s also not forget all the truly terrible things Trump did when he was in office. If you need a reminder, scroll this list, this one mostly for giggles + horror, for actual horror about what a Trump presidency has in store, learn about ‘Project 2025’ from the Heritage Foundation. I know this post is about reasons to vote FOR Biden but let’s not forget the many, many reasons to vote for him over Trump.

Looking for more?

10+ good things Biden has done in education and immigration

10+ good things Biden has done in the justice and courts system

10+ good things Biden has done in climate and labor

A few other notes

Voting for Biden or Trump shouldn’t be the only reason you vote. You know what elections have more power over your life? LOCAL elections. If you’re not feeling jazzed about Biden… vote for someone really cool running for mayor, or your rep, or on your school board and then begrudgingly vote for Biden. 

A reminder that if someone online is trying to discourage you to vote there’s a good chance they are a paid actor to do so. Voter suppression was a well-documented tactic during the 2016 election and I’m sure the trolls are out in force again. 

Check your voter registration here, make a plan to vote, and encourage your friends to vote as well. 

All in all, yeah… there’s a lot of shitty things still happening. There’s always going to be shit but things aren’t going to change on their own. And that change starts (it certainly doesn’t end) with voting. 

Go vote in November.

[osrmedia]

Financing Your Home: Understanding Different Mortgage Options and How to Secure the Best Rates with Halwasiya

Purchasing a home is one of the most significant financial decisions you’ll make in your life. If you’re looking to buy property in Halwasiya, understanding the various mortgage options available and knowing how to secure the best rates can set you on the path to homeownership. In this blog, we’ll explore the different types of mortgages, how they work, and strategies to help you get the best financing possible with the assistance of your trusted Halwasiya real estate company.

Types of Mortgages

1. Fixed-Rate Mortgages

Fixed-rate mortgages are one of the most popular options among homebuyers in Halwasiya. With this type of mortgage, the interest rate remains constant throughout the loan term, which can range from 15 to 30 years. This stability allows homeowners to budget effectively, as monthly payments won’t fluctuate. If you’re looking for predictability in your mortgage payments, a fixed-rate mortgage might be the ideal choice for you.

2. Adjustable-Rate Mortgages (ARMs)

Adjustable-rate mortgages start with a lower initial interest rate, which can change after a specified period, typically 5, 7, or 10 years. While ARMs can provide lower initial payments, they come with the risk of higher payments down the line if interest rates rise. For buyers in Halwasiya who plan to stay in their home for a short period, an ARM can be a cost-effective option. However, it’s essential to carefully evaluate the potential for rate increases in the future.

3. FHA Loans

FHA loans are designed to assist first-time homebuyers or those with less-than-perfect credit. These government-backed loans require lower down payments (as low as 3.5%) and offer flexible credit requirements. For many Halwasiya residents, FHA loans make homeownership more accessible, especially in today’s competitive real estate market. However, borrowers should keep in mind that FHA loans require mortgage insurance premiums, which can add to overall costs.

4. VA Loans

For veterans and active-duty service members, VA loans are a fantastic option that provides several advantages. These loans often require no down payment and don’t have monthly mortgage insurance, which can lead to significant savings. If you’re a veteran considering purchasing a home in Halwasiya, consulting with your real estate agent about VA loan options can help you make an informed decision.

5. USDA Loans

If you’re considering purchasing a home in a rural area near Halwasiya, USDA loans might be an excellent fit. These loans are designed for low to moderate-income buyers and offer 100% financing, meaning no down payment is required. Understanding the eligibility criteria for USDA loans can help you determine if this is a suitable option for your home purchase.

How to Secure the Best Mortgage Rates

Once you’ve identified the type of mortgage that suits your needs, the next step is to secure the best rates. Here are several strategies to help you achieve that:

1. Shop Around for Lenders

Don’t settle for the first mortgage offer you receive. Different lenders have varying rates and terms, so it’s essential to shop around. Get quotes from multiple lenders, including banks, credit unions, and mortgage brokers. Your Halwasiya real estate company can assist you in connecting with reputable lenders in the area.

2. Improve Your Credit Score

Your credit score plays a critical role in determining your mortgage rate. A higher credit score can lead to lower interest rates, so it’s wise to check your credit report and address any issues before applying. Paying down existing debts, making timely payments, and avoiding new credit inquiries can help boost your score.

3. Make a Larger Down Payment

The size of your down payment can significantly impact your mortgage rate. A larger down payment reduces the lender’s risk, which can translate into a lower interest rate. If you can afford it, aim for a down payment of at least 20% to not only secure a better rate but also eliminate private mortgage insurance (PMI) costs.

4. Consider Rate Locks

If you find a favorable interest rate, consider locking it in. Rate locks protect you from potential increases while your loan is being processed. Be aware of the terms of the lock, including how long it lasts and any associated fees for extending it.

5. Work with a Real Estate Agent

Engaging with a knowledgeable real estate agent from a reputable Halwasiya real estate company can be invaluable. They can provide insights into the local market, recommend lenders, and help you navigate the mortgage process efficiently. Their expertise can help you make informed decisions and secure the best financing options available.

6. Understand Closing Costs

When comparing mortgage offers, consider not only the interest rate but also the associated fees, including closing costs. Request a Loan Estimate (LE) from each lender, which outlines the terms and costs of your mortgage. This will allow you to make apples-to-apples comparisons and choose the best overall deal.

Conclusion

Financing your home in Halwasiya is a multifaceted process that requires careful consideration of mortgage options and rates. By understanding the different types of mortgages available and employing strategic techniques to secure the best rates, you can make informed decisions that align with your financial goals. Working with a knowledgeable Halwasiya real estate company can further enhance your home-buying experience, making it smoother and more successful. With the right preparation, your dream home in Halwasiya is within reach!

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The Benefits of Using a Mortgage Broker Over Traditional Lenders

When it comes to securing a home loan, prospective buyers often face the difficult decision of whether to go directly through a traditional lender, such as a bank, or to enlist the services of a mortgage broker. While traditional lenders may seem like a straightforward option, there are several distinct advantages to working with a mortgage broker that can make the loan process smoother, more efficient, and potentially more cost-effective.

One of the key benefits of using a mortgage broker is access to a wider range of loan products. Mortgage brokers work with multiple lenders, including banks, credit unions, and non-bank financial institutions, giving them access to a variety of mortgage products tailored to different needs and financial situations. This contrasts with traditional lenders, who typically offer only their own products, which may limit options for borrowers. By comparing loan offerings from different lenders, brokers can help clients find a mortgage with the best interest rates, terms, and conditions suited to their specific requirements.

Another advantage of working with a mortgage broker is the expertise and personalized advice they provide. Mortgage brokers are well-versed in the complexities of the mortgage industry and can guide clients through the entire home loan process, from pre-approval to closing. They have a deep understanding of various loan programs, including government-backed options like FHA or VA loans, and can recommend the most appropriate choice based on the borrower’s financial situation. Traditional lenders, on the other hand, may not offer the same level of personalized service or may push clients toward products that benefit the lender rather than the borrower.

Additionally, mortgage brokers can save borrowers valuable time. Instead of having to research different lenders and navigate multiple loan applications, brokers handle the legwork, gathering information, submitting applications, and negotiating with lenders on behalf of their clients. This can significantly speed up the approval process and reduce stress for the borrower, particularly for first-time homebuyers unfamiliar with the mortgage landscape.

Cost savings are another compelling reason to work with a mortgage broker. Although some brokers charge a fee, their ability to negotiate better rates with lenders may ultimately result in significant savings over the life of the loan. By securing lower interest rates or more favorable terms, brokers can help borrowers save money both upfront and over the course of the loan, which may not always be achievable when dealing directly with traditional lenders.

In conclusion, using a mortgage broker offers numerous benefits over working with traditional lenders. From a wider selection of loan products to expert guidance, time savings, and potential cost savings, brokers provide borrowers with valuable tools to secure the best mortgage for their needs.

Contact me today to experience the difference a broker can make!

Lanny Mixon, NMLS# 2450250

Private Mortgage Advisors, LLC

312 Hemphill St.

Hattiesburg, MS 39425

601-480-9659

lmixon@dlhpma.com

Click Here to Apply Online!

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Types of Home Loans: What You Need to Know Before You Borrow

Home loans are essential financial tools for individuals seeking to purchase or renovate a property. These loans come in various forms, each tailored to meet different needs, financial situations, and preferences. Understanding the different types of home loans can help prospective homeowners make informed decisions when selecting the right loan for their circumstances. Below is a detailed explanation of the most common types of home loans available in the market.

1. Conventional Home Loans

Conventional home loans are the most common type of mortgage used by homeowners. Unlike FHA or VA loans, these loans are not backed or insured by the federal government. Conventional loans can either be conforming or non-conforming:

Conforming Loans: These loans meet the standards set by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac, including limits on the loan amount, borrower creditworthiness, and debt-to-income ratio.

Non-Conforming Loans: These loans do not meet the GSE criteria, typically because the loan amount exceeds the conforming limit or the borrower has a higher risk profile.

Key Features:

Requires a good credit score (typically 620 or higher)

Down payments may range from 3% to 20%

Interest rates may be fixed or adjustable

2. FHA Loans (Federal Housing Administration Loans)

FHA loans are government-backed loans insured by the Federal Housing Administration, making them a popular choice for first-time homebuyers or those with lower credit scores. The FHA provides lenders with insurance in case the borrower defaults on the loan, which lowers the risk for lenders and allows them to offer more favorable terms.

Key Features:

Lower down payment requirements, often as low as 3.5%

Flexible credit score requirements (typically 580 or higher)

Mortgage insurance is required for the life of the loan if the down payment is less than 20%

Available for primary residences only

3. VA Loans (Veterans Affairs Loans)

VA loans are home loans guaranteed by the U.S. Department of Veterans Affairs, specifically for veterans, active-duty military members, and their families. These loans offer several benefits, such as the possibility of zero down payment, competitive interest rates, and no requirement for private mortgage insurance (PMI).

Key Features:

No down payment is required (in most cases)

No private mortgage insurance (PMI) required

Competitive interest rates

Available to veterans, active-duty service members, and eligible spouses

4. USDA Loans (United States Department of Agriculture Loans)

USDA loans are government-backed loans offered to homebuyers in rural and suburban areas who meet certain income eligibility requirements. The USDA aims to encourage development in less populated regions by offering low-interest loans with no down payment.

Key Features:

No down payment required

Income limits apply, which vary based on location and household size

Competitive interest rates

Available for homes in rural and suburban areas as defined by the USDA

5. Jumbo Loans

Jumbo loans are non-conforming loans that exceed the maximum loan limits set by Fannie Mae and Freddie Mac. They are used to finance high-value homes and typically have stricter credit requirements and higher interest rates due to the larger loan amounts and higher perceived risk.

Key Features:

Loan amounts above the conforming loan limit (varies by location)

Higher credit score requirements (usually 700 or higher)

Larger down payment requirements (typically 20% or more)

Higher interest rates compared to conforming loans

6. Fixed-Rate Mortgages

A fixed-rate mortgage is a loan in which the interest rate remains the same throughout the life of the loan. This type of loan is popular for borrowers who prefer the stability of knowing their monthly payments will not change.

Key Features:

The interest rate remains constant for the entire term of the loan (typically 15, 20, or 30 years)

Predictable monthly payments

Ideal for long-term homeowners

May have higher initial interest rates compared to adjustable-rate loans

7. Adjustable-Rate Mortgages (ARMs)

An adjustable-rate mortgage (ARM) has an interest rate that can fluctuate over time, typically after an initial fixed-rate period. This means that monthly payments can change based on changes in interest rates, which can be beneficial if rates drop but pose a risk if rates rise.

Key Features:

Initial fixed-rate period (usually 3, 5, 7, or 10 years) followed by an adjustable period

After the initial period, rates can increase or decrease based on market conditions

Lower initial rates compared to fixed-rate loans

Monthly payments may increase over time

8. Interest-Only Loans

An interest-only mortgage allows the borrower to pay only the interest on the loan for a set period, typically 5-10 years. During this period, the principal balance does not decrease. After the interest-only period ends, the borrower must begin repaying both the principal and the interest, often leading to significantly higher monthly payments.

Key Features:

Initial period where only interest is paid (no reduction in loan principal)

Lower monthly payments during the interest-only period

Higher payments once the principal repayment starts

Risk of owing more than the home is worth if property values decrease

9. Balloon Mortgages

A balloon mortgage involves a large lump sum payment (the "balloon") at the end of the loan term, which is much higher than the regular monthly payments. Balloon loans often have shorter terms (5 to 7 years) and can be appealing for borrowers who plan to sell or refinance before the balloon payment is due.

Key Features:

Fixed payments for the loan term with a large lump-sum payment at the end

Shorter loan terms (typically 5 to 7 years)

Interest rates can be lower initially, but the large final payment can be a financial burden.

10. Home Equity Loans and Home Equity Lines of Credit (HELOC)

A home equity loan allows homeowners to borrow against the equity in their home, typically for purposes like home renovations, debt consolidation, or major expenses. It is usually structured as a second mortgage. Similarly, a Home Equity Line of Credit (HELOC) works like a credit card, allowing borrowers to draw on the equity as needed up to a limit.

Key Features:

Home equity loans offer a lump sum payment with fixed terms

HELOCs offer flexible access to funds with a variable interest rate

Both types of loans use the home as collateral, so there is a risk of foreclosure if the borrower defaults

11. Renovation Loans (FHA 203(k) Loan)

Renovation loans, such as the FHA 203(k) loan, allow homebuyers or homeowners to finance both the purchase or refinance of a property and the costs of its renovation or repair. These loans can be a good option for buyers interested in fixer-upper homes.

Key Features:

Financing for both the home purchase and renovation costs

Available for both buying a new home or refinancing an existing one

Must meet certain eligibility requirements for renovations

Can be used for structural and non-structural repairs

12. Reverse Mortgages

A reverse mortgage is a loan available to homeowners over the age of 62 that allows them to convert part of their home’s equity into loan proceeds. The loan does not need to be repaid until the homeowner moves, sells the property, or passes away.

Key Features:

Available only to seniors (62 years or older)

No monthly payments are required; the loan is repaid when the homeowner moves or dies.

The loan amount is based on the home’s value, the borrower’s age, and interest rates

Typically used to supplement retirement income.

Conclusion

Choosing the right home loan is a crucial decision in the home-buying process, and each type of loan has its advantages and trade-offs. Understanding your financial situation, your long-term plans, and the specific loan terms will help you make an informed choice. Consulting with a mortgage broker or financial advisor can further guide you in selecting the home loan that best suits your needs.

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Explore Down Payment Assistance Programs for Your Dream Home

Discover the various down payment assistance programs offered at PropiMortgage. We provide solutions to help you achieve your dream home with affordable financing options. Whether you're a first-time homebuyer or looking to refinance, our team is here to guide you through every step of the process.