prequalification: Can one too many credit pulls hurt my credit score? - 07/05/16 07:17 AM

Hey Sergio… Can one too many credit pulls for mortgage preapprovals actually hurt my score?
With a mortgage preapproval letter in hand and a down payment sitting pretty in your bank account, you’ve set off to purchase the home of your dreams. But after experiencing the bitter letdown of being outbid time after time, you’ve come to realize this whole process might take far longer than you originally thought.
Suddenly, your Boy Scout–level preparation to get that preapproval letter could put your credit score in a precarious position.
Here’s why: Getting a preapproval requires a “hard pull” on your credit, … (1 comments)

prequalification: Having a true passion for helping people! It makes all the difference! - 05/31/16 01:00 AM

A long-time friend asked me at a BBQ this past weekend just how many people I have helped in this business of lending anyhow, and if it ever gets "old?"
As I sat back and reflected, I tried to put a number on it. I realized that I am coming up (rather quickly) on my 18th consecutive year, helping families obtain the financing for their homes. That really put it into perspective for me.
I replied with the biggest smile, "You know what? I bet that I have helped obtain/close just over 2200 loans in my time."
"You're kidding me." … (0 comments)

prequalification: In the Lending business, testimonials like these are GOLDEN. - 05/24/16 02:33 AM

Melissa and I get our fair share of testimonials for providing excellent attention and care during the entire home buying/closing process and the latest one is no exception. I never post these to boast (even though I'm extremely proud of the things that are said and how they affect me as a professional) but rather, how YOU might relate to them. These days, a job well done is not so easy to find, even when it comes to incredibly large purchases such as homes, but wouldn't you like to feel the way David does after his transaction closed? I think … (1 comments)

prequalification: Top Reasons to Buy vs Rent, even still, in 2016. - 05/17/16 03:16 AM

I was asked recently as I turned a friend who was going to rent into a homeowner, Sergio, what are the top reasons to buy a home still in 2016?
Here's the answer:
1. Interest rates are still at record lows. It’s a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.
2. Renting has increased significantly. According to the 2015 Rent.com Rental Market Report, 88% of property managers raised their rent in the past 12 months, and another hike is predicted for late 2016.
3. Home prices, … (0 comments)

prequalification: Winning the Derby and Winning in Homebuying... Similar Fashion. - 05/09/16 11:57 PM

As I'm sure many of you know, Nyquist won the Kenturcky Derby just over the weekend.
Named after NHL player Gustav Nyquist, gives owner J. Paul Reddam, trainer Doug O'Neill and jockey Mario Gutierrez their second Derby winner under sunny skies and in front of the second largest crowd in Derby history. Pretty impressive.
Preparation, strength, performance, belief, determination, organization, accountability, great coaching, and of course timing all played a crucial role in this glorious achievement.
What does winning a race like this and enjoying success in home ownership have in common you ask?
There's alot more similarities than meets … (0 comments)

prequalification: My Mattress Money is no good here? Why? - 04/26/16 12:58 AM

 
I've been asked this many times:
"Hey Sergio, can I use cash that I 've been saving in my mattress as part of my down payment? Really?? Why Not?"
Unless you are making the entire purchase a CASH purchase, the answer is always no, and here's the reason behind it:
When you deposit large sums of money, it appears that you borrowed it from an unknown source or perhaps the income was never reported or taxed. That messes up your income/debt ratios. Also, the underwriter must ask for the terms of the undisclosed loan.
Banks are required (by law) … (0 comments)

prequalification: March, 2016 is the perfect time to review your mortgage position. - 03/10/16 10:52 PM

It’s a PERFECT time to Evolve your Mortgage!
March, 2016 is a perfect time to review your current mortgage position. 
Streamline your FHA or VA loan with NO appraisal or income verification! We can drop your Mortgage Insurance on Conventional Loans! We can convert your FHA to Conventional, with no Mortgage Insurance at all! Ask me how to lower your term from 30 to 15! Now is the time to upgrade your family into a bigger home for amazing low rates! I’ve been helping my clients succeed on a Nationwide scale for over 18 years, and very I’m acquainted with … (0 comments)

prequalification: ‘2 Step’ your way to success in 2015 w/ BUYERS;Follow the money & the market! - 01/05/15 01:56 AM

90 minutes- 90 day challenge; How many Buyers could you move if you had the 'just right' information to compel them to purchase now?
1) Up to the minute Market Stats to help create urgency with your Buyer
-Current Market Conditions: Economic Indicators- inflation, Unemployment, Housing Affordability Index
-Real Estate Market: Existing Homes, New Homes, Interest Rates
-Whats Coming:End of QE-3, Federal Funds Rate, Jobs & Wage Inflation, Re-vamp of Fannie & Freddie
-Now is a good time to buy: Consumer Confidence, Housing Prices, Mortgage Rates, The Effect on Affordability- rising prices and rising rates. 
 
2) Once your Buyers says … (0 comments)