7 Principles of Ethical Persuasion
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Summary
First published
09/23/2019
Genres
Duration
32 minutes
Parent Podcast
Sell with a Story Podcast
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Why It’s Important to Get Pre-Qualified Through a Lender
12/04/2018
Deldi Ortegon
It’s important to talk to a lender before even considering a home purchase. Buying a home? Search all Greater McAllen Area homes for sale Selling your Greater McAllen Area home? Get a free home value report One of the first things we ask homebuyers is where they’re looking to buy a home. Next, we ask what their price point is. The best way to figure out your price point is to talk to a lender first; they’ll figure out if you’ll be paying cash or financing. Most people choose the financing route. Even if you’ve already spoken with your lender, you should always get a second opinion. I’ve brought in Ricardo Torres of Willow Bend Mortgage to explain more about why it’s important to talk to lenders. You won’t know if you can buy your dream home until you get pre-qualified. A lender makes sure you’re pre-qualified so when you’re ready to buy your home, it’ll happen without a hitch. Willow Bend Mortgage has an app where buyers can check price points, get ideas on pricing, and apply for a mortgage loan. This application takes around five to 10 minutes and allows you to upload paycheck stubs, W-2s, and bank statements: the meat and potatoes of applying for a loan. It also integrates your real estate agent’s information throughout the process. Even if you’ve already spoken with your lender, you should always get a second opinion. If you’d like to contact Ricardo, you can reach him at 956-739-5440. If you’re looking to buy or sell a home, have any questions, or are looking for more information, feel free to reach out to me. I look forward to hearing from you.
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What Needs to Align for a Successful Home Purchase?
09/25/2018
Deldi Ortegon
Are you ready to buy a home? If so, here are three steps that will get you closer to your goal. Buying a home? Search all Greater McAllen Area homes for sale Selling your Greater McAllen Area home? Get a free home value report We’re reaching out to you today since you’ve kept in touch with us because you were looking to buy property and we want to know where you’re at. In order to make your move, there are three things that need to align: 1. Desire. You have to want to move. Maybe you’re sick of paying rent or you're crammed in with family or roommates. If your desire is high enough to take the next steps, it’s time to look at the second thing. 2. Income and credit. For this step, you’ll need to talk to a financial professional like Ricardo Torres with Willow Bend Mortgage. He can help you find out whether your credit is good enough and what kind of home you can afford right now. You can start the process right here, and he can help you get a pre-qualification. He will take a look at your credit, employment history, and income to let you know exactly what you can afford. A pre-qualification will let you know what you can afford. 3. The house. This is the fun part. When you have the desire and you’re pre-qualified, that’s where our team steps in to help guide you through the process and find the perfect house. If you have any questions for us, please feel free to reach out and give us a call or send us an email. We look forward to hearing from you soon.
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You Don’t Need a Down Payment
06/15/2017
David Humes
What's the biggest obstacle to homeownership for prospective buyers? Selling a home? Get a free home value report Buying a home? Search all homes for sale According to a recent survey, not being able to save up enough money for a down payment comes in at the top of the list. 55% of prospective homebuyers cited this as their main stumbling block to achieving homeownership. With the continuing growth of home prices, things aren't getting any easier for them. In fact, homeownership rates reached a 20-year low last November. It might be hard to imagine, but just a decade ago many lenders offered easy, no-money-down mortgages. Anyone with a pulse could qualify for one. However, after the financial crisis, mortgage standards have become more restrictive. A typical mortgage now requires a 20% down payment. If you have decent credit and a steady income, you might also qualify for a number of specialized programs that require little or no down payment. First, there's the USDA loan, which is valid for homes in certain regions, such as rural and suburban areas. With zero money down and lenient credit requirements, the USDA loan can be a great choice.. Second, there’s the VA loan, which you can apply for if you or your spouse served in a branch of the military. It's possibly the most generous zero-money-down mortgage because of low interest rates and low closing costs. Third, there's the FHA loan. It does require a 3.5% down payment, but that is much more achievable than the 20% required for a conventional mortgage. There are also a number of credit unions and first-time homebuyer programs that might apply to your particular situation. There’s one more important thing you should know. If you decide to get one of these no-money-down mortgages, chances are good you will have to pay private mortgage insurance, which can drive up your monthly payments. Private mortgage insurance will disappear after your mortgage balance is under 80%, and the money you do pay will be tax deductible in most cases. As you can see, there are lots of options to make owning a home a reality for you, even if you haven't saved up tens of thousands of dollars. If you need any advice on getting a no-money-down loan, give me a call at (859) 983-7999. I can put you in touch with some experienced lenders who can answer your questions and help get you started. I look forward to hearing from you soon.
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How to Determine Your Wants and Your Needs When Buying
05/16/2017
Deldi Ortegon
When looking for your next home, it's important to be able to separate your wants from your needs. Buying a home? Search all Greater McAllen Area homes for sale Selling your Greater McAllen Area home? Get a free home value report When you're looking for a home to buy, it's important to determine both what you need and what you want. Oftentimes, we see homebuyers confuse the two. One of the first things you need to do is get pre-qualified for a mortgage because most sellers won't even entertain an offer if you don't have a letter of pre-qualification. It also helps narrow your search by keeping you from wasting time looking at homes you can't afford. Once you've been pre-qualified, you want to sit down and write out your wants and needs. Your needs list might include a two-car garage, a large yard, a nice school district, and three bedrooms. These items should be non-negotiable, meaning you won't even look at homes that don't fulfill your needs. Most of your wants will be cosmetic things that can be added later. Most of your wants are cosmetic. You might want granite or quartz countertops, but a home not having them shouldn't be a deal-breaker. They can always be added later. That's why you need to determine which items you can and can't live without. Examine homes that fill all your needs before you start considering your wants. If you have any questions about this step or you're thinking about selling or investing in real estate, give us a call or send us an email. We'd love to hear from you!
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