#mortgagetips

A clear look at how bank and NBFC home loans differ in interest rates, approval process, eligibility and flexibility for home buyers in 2025. Click the link to read the full breakdown.

💰Buy down loans R what it’s gonna take to get 👍 buyers into properties in this higher rate environment. ✅The strategy is helping Many homebuyers 🏡in 2023. 🙏Don’t let the opportunity to become a homeowner pass you by and don’t let the ⬆️higher rates discourage you there’s tremendous opportunity 🍾🎊 for buyers in this environment!!!!! click on my bio open up the link tree then click on YouTube and the video is on there . Then get in touch with me so I can help plan your home ownership future Teresa Tims, Broker | Mortgage Expert 🏡California, TX, AZ, OR, GA, FL, CO Home Loans ✅Out of State Investor Loans 📲909.920.3500 call / text 💰Apply TDR Mortgage.com 🌈All Social @teresatims #HomeLoans #MortgageBroker #RealestateBroker #TDRMortgage#MortgageTips #MortgageHacks #HomeBuying #MillionDollarListing #SellingOC #OC #socal #orangecounty #orangecountyrealestate#LosAngeles #NewportBeach #IE #Upland #LA #Entrepreneur #brokersarebetter#realtor #wearehiring #loanofficer @aime @uwmlending @arive (at Newport Beach, California) https://www.instagram.com/p/CpVyUaWvPvX/?igshid=NGJjMDIxMWI=

#Repost @loan_girl_rissa ... FHA JUST GOT MORE AFFORDABLE❗ YES, IT'S TRUE! FHA has announced a reduction in the Annual Mortgage Insurance Premium (MIP) rates. The reduction will apply to new loans, for case numbers assigned after March 20, and will result in a lower monthly payment for borrowers. For a loan amount of $400,000, the current monthly MIP payment is $266. With the new policy, the premium rate will decrease from 0.80% to 0.50%, resulting in a monthly payment of $166. This represents a significant reduction of $100 per month in mortgage insurance payments, which can make a substantial difference for many borrowers. The reduction in MIP rates is intended to make homeownership more affordable for more Americans, particularly first-time homebuyers. The FHA plays a critical role in making homeownership possible for many people who would otherwise struggle to qualify for a mortgage. The reduction in MIP rates is expected to make FHA loans even more attractive to borrowers, who will benefit from lower monthly payments and increased purchasing power. Marissa Nevis, NMLS 276162 🏠 Loan Officer | Nevis Team Lending 📞 (209) 366-3263 📧 [email protected] 📅 https://calendly.com/mnevis ✨ www.nevisteamlending.com #affordablehomeownership #home #homesweethome #homebuyers #homebuying #househunting #househuntingtips #homeowner #homeownership #finance #financetips #investment #investmentproperty #refinance #refinancemortgage #mortgage #mortgagebroker #mortgagelender #mortgagetips #loans #homeloans #mortgageloans #loanofficer #realestate #realestateagent #realestateinvesting #realestatelife #NevisTeamLending https://www.instagram.com/p/CpeeJqzMev0/?igshid=NGJjMDIxMWI=

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Here are three tips that could save you thousands on your mortgage! 1. Shop around – and not just for the lowest rate. Look for the best deal that offers prepayment privileges, low penalties for breaking the mortgage, and is portable. 2. Make lump-sum payments whenever you can. Lump-sum payments can shave thousands of dollars on the interest on your mortgage and years on your amortization period. 3. Accelerate your mortgage payments. Switch from monthly to accelerated bi-weekly to save thousands. Looking for a mortgage broker or professional? I have plenty of connections in my network that can help. Call Mike Bolger now at (519) 616-2656. https://bit.ly/3eIXARl

Here's an article on the pros and cons of using different mortgage providers. Whether you’re shopping for a mortgage for the first time or your mortgage is coming up for renewal, there are plenty of options out there. Your local bank branch may be your first stop, but it’s not the only option out there. You could potentially be leaving thousands of dollars on the table by not shopping around. Thanks to the internet, shopping around for a mortgage has never been easier. Let’s take a look at the pros and cons of the main ways to shop around for a mortgage: banks, mortgage broker and mortgage rate comparison websites. I have a large professional network and I am connected to mortgage leading professionals. Let me know if you want me to connect you or if you have questions about real estate. Call me at (519) 616-2656. http://j.mp/31GRafR

Good news for people renewing or interested in fixed mortgage rates. Two of the country’s main banks, the Royal Bank of Canada and the Bank of Montreal, lowered their five-year fixed mortgage rates last week. The Bank of Montreal dropped its rate by 0.15, down to 3.74 percent. Fixed rates are instead tied to the bond market so when the bond yield goes down, rates go down. Here are three tips that could save you thousands on your mortgage! 1. Shop around. 2. Make lump-sum payments whenever you can. 3. Accelerate your mortgage payments. Looking for a mortgage broker or a mortgage professional? I have plenty of connections in my network that can help. If you are interested in buying or selling, Call Mike Bolger now at (519) 616-2656. http://j.mp/2xMmBrx

Are you getting a new mortgage or renewal? Some mortgage brokers are saying it may be time to lock into a fixed-rate mortgage. The Bank of Canada has increased interest rates four times since 2017. There is a rumour that there could be one more increase before the end of this year. This will affect variable-rate mortgage holders, whose payments are based on changing prime rates. So what is better fixed or variable rate? In my opinion, it comes down to the perspective of the person applying for the mortgage and it also depends on their outlook. A five-year mortgage is a commitment and some people can’t make it through a five-year term. The cost of breaking a five-year fixed mortgage can cost a lot in penalties. So, a variable rate may be better for some. What are your thoughts? Leave them down below. If you are looking for a recommendation for a mortgage professional in your area, ask me, I have lots in my network. Call Mike Bolger today at (519) 616-2656 for more information.