"The team is excellent. The communication and persistence to get your loan process is out of this world. They never miss a beat. I'd recommend their service to any new homebuyer!"
jerry f
resources
Market News April 15 (Time to lock)
Hi, it's time to lock if we can. Weaker Overnight; Debt Ceiling Clues MBS Road Signs 4-15-24 Week of April 8, 2024 in ReviewInflation has improved significantly after peaking in 2022, but recent hotter than expected readings have stalled the progress lower. Here are last week’s headlines: § Inflation Progress Stalls§ Wholesale Inflation Better Than Feared§ Continuing Unemployment Claims Top 1.8 Million§ Latest on Small Business Optimism…Or Lack Thereof Inflation Progress Stalls The latest Consumer Price Index (CPI) showed higher than expected inflation in March, with the headline reading up 0.4% from February. On an annual basis, CPI moved in the wrong direction, rising from 3.2% to 3.5%. The Core measure, which strips out volatile food and energy prices, increased 0.4% while that annual reading remained at 3.8% (though it was expected to decline to 3.7%). What’s the bottom line? March’s hotter than expected consumer inflation report continues a trend we’ve seen in recent months, as rising energy and shelter costs have added to pricing pressure. Price stability is part of the Fed’s dual mandate. When inflation became rampant a few years ago, the Fed began aggressively hiking their benchmark Fed Funds Rate (the overnight borrowing rate for banks) to slow the economy and rein in inflation. While inflation has fallen considerably after peaking in 2022, the progress lower has slowed, which could delay the Fed’s timing for rate cuts this year. Given that maximum employment is the other part of the Fed’s dual mandate, a cooling job market with rising unemployment could pressure them to cut the Fed Funds Rate sooner rather than later. However, the overall strength of March’s Jobs Report, including the falling unemployment rate, will likely not add any pressure to their timeline.Wholesale Inflation Better Than FearedThe Producer Price Index (PPI), which measures inflation on the wholesale level, rose 0.2% in March, just below estimates. On an annual basis, PPI rose from 1.6% to 2.1%, but this was better than the 2.2% estimate. Core PPI, which strips out volatile food and energy prices, was in line with forecasts at a 0.2% rise. The year-over-year reading rose from 2% to 2.4%, just above forecasts.What’s the bottom line? Overall, the monthly PPI readings were tame and better than feared, which was a relief after the hot CPI readings that were reported the previous day. Plus, some of the PPI components are factored into another important consumer inflation measure called Personal Consumption Expenditures (PCE), which is the Fed’s favored measure, and this could potentially lead to a slightly better PCE report when that data is released on April 26.Continuing Unemployment Claims Top 1.8 MillionInitial Jobless Claims fell by 11,000 in the latest week, retreating from a two-month high, as 211,000 people filed for unemployment benefits for the first time. However, Continuing Claims surged higher by 28,000, with 1.817 million people still receiving benefits after filing their initial claim. What’s the bottom line? Initial Jobless Claims can be volatile from week to week, but their relatively low level suggests that employers are still trying to hold on to their workers. Yet, Continuing Claims are still trending higher near some of the hottest levels we’ve seen since November 2021, as it’s become harder for some people to find new employment once they are let go. This coincides with the New York Fed’s latest Survey of Consumer Expectations. Respondents noted that the mean probability of finding a job within three months of losing one is now at the lowest level in almost three years.Latest on Small Business Optimism…or Lack ThereofThe National Federation of Independent Business (NFIB) Small Business Optimism Index fell to 88.5 in March. This is the weakest reading since December 2012 as “owners continue to manage numerous economic headwinds,” per Chief Economist Bill Dunkelberg. What’s the bottom line? The NFIB noted that inflation is back on top as the biggest problem small businesses are facing, as owners are likely feeling the impact of higher oil prices and the stalling progress on reducing pricing pressure. Plans to hire also fell for the fourth straight month. Despite talk of a strong economy, small businesses are still feeling pessimistic.What to Look for This Week We’ll kick off the week Monday with an update on home builder sentiment for this month. Tuesday brings news on March’s Housing Starts and Building Permits, while Existing Home Sales data follows on Thursday.We’ll also get an update on March’s Retail Sales and the latest manufacturing data for the New York region on Monday. Jobless Claims and manufacturing for Philadelphia will be reported Thursday.Technical PictureAfter last Wednesday’s sharp decline due to the higher-than-expected CPI numbers, Mortgage Bonds were able to bounce higher off support at 99.647 on Friday. The 10-year ended last week trading at around 4.52%. While this is still high, it’s an improvement from highs hit earlier in the week.Thank you MBS HighwayWarm Regards, Patty Newby & theLoanDesigners
Student Loans and Homeownership
Don't let student loans delay your homeownership goals! If you have student loans and want to buy a home, you might have questions about how your debt affects your plans. Do you have to wait until you've paid off those loans before you can buy your home? Or is it possible you could still qualify for a home loan even with that debt? You should know, even with student loans, waiting to buy a home may not be necessary. While everyone's situation is unique, your goal may be more within your reach than you realize. Here's why:Can You Qualify for a Home Loan if You Have Student Loans?According to an annual report from the National Association of Realtors (NAR), 38% of first-time buyers had student loan debt and the typical amount was $30,000.That means other people in a similar situation were able to qualify for and buy a home even though they also had student loans. And you may be able to do the same, especially if you have a steady source of income. As an article from Bankrate says:“. . . you can have student loans and a mortgage at the same time. . . . If you have student loans and want a mortgage, there are multiple home loan programs you might qualify for . . .”The key takeaway is, for many people, homeownership is achievable even with student loans. Everyone's finances are unique - we can walk you through your options based on your situation, and share what’s worked for other buyers!
Are you a Millennial looking for a home?
It's not your parents market and we recognize that! BUT that doesn't mean homeownership is out of reach! Send me a message so we can answer any questions you may have!
Rise of Foreclosures – Don’t Panic!
Feeling anxious about those foreclosure headlines in your news feed? Don't hit the panic button just yet. While there's been a slight increase in the number of foreclosures recently, it's not nearly as bad as it sounds when you look at the bigger picture. This isn't a crisis, it's a correction! From CEO, Rob Barber of ATTOM, "It signals a return to more traditional patterns after years of volatility. Our data suggests that while foreclosure activity may fluctuate, it's unlikely to approach the highs seen in the last decade." Reach out with ANY questions you have!
Seeing rates change?
If you’re looking to buy a home, you should know even a small change in mortgage rates can have a big impact on your purchasing power. They can make a BIG difference in what you can afford and how much you will pay each month. Head over to our website (www.theloandesigner.com) to access our "Mortgage Calculator" tool OR contact me and let's run the numbers, TOGETHER!
Market News March 8th
Mortgage Demands ticks up ahead of spring buying season. Demand surged for the first time in 3 weeks, according to MBA survey.
Market News From this Week March 6
The Fed is in no rush to cut rates amid inflation battle. Chair Jerome Powell appeared before the Senate Banking Committee last night, Thursday March 7th.
Americans Sitting on Tremendous Equity
Ready to make a move? Your current house could be the key to overcoming today’s affordability hurdles. As you’ve paid down your mortgage and home prices rose, your equity grew. Right now, over two-thirds of homeowners are holding at least 50% equity in their homes - that’s a huge advantage when looking to move. DM me to learn how much equity you have!!
Home buyers guide Fall 2023
What’s Going On in the Housing Market Right Now?ThanksPatty Newby and theLoanDesigner
Stand out with your offer
In the dynamic world of real estate, every offer tells a story, and it's our mission to ensure that your story helps you win the home you desire. We make every offer extraordinary: First impressions matter. We ensure that every PreQual or Conditional Approval letter is presented professionally, not just in terms of down payment but also in its layout, clarity, and detail. In essence, our commitment isn't just about helping you find a home; it's about helping secure your dream. We understand the emotional and financial significance of this journey, and we’re dedicated to making your offer shine. Thanks, Patty Newby Branch Manager – Mortgage Advisor, Powered by Thrive Mortgage License #194741 972-534-LOAN (5626) 2591 Dallas Parkway, Ste 210 Frisco TX 75034, Branch NMLS# 2317772
Trust the agent you hired
Advice from me, about the agent you hired. This is a question we get today. Thanks Patty Newby & theLoanDesigners
Who is your winning team
Before, after and during the mortgage process. Who is your WINNING team?
House Happy
Do you need to track your paint colors, filter size or hire window cleaning? Check out House Happy, we will send you the link soon. We will be there for you now, during and after you complete your loan. The House Happy link will be sent to you shortly. Thanks Patty Newby and theLoanDesigners
Are you ready ? Get the wire
Lets get your wire or cashier's check ready to go... Yippee, it's time.
Fix and Flip
Buying and flipping homes can help you grow wealth and make a profit. Get a super realtor / agent to help you find the right home, to fix up and resell. Understand market trends and risks is crucial for success. Thanks, Patty Newby Branch Manager – Mortgage Advisor, Powered by Thrive Mortgage License #194741 972-534-LOAN (5626) 2591 Dallas Parkway, Ste 210 Frisco TX 75034, Branch NMLS# 2317772
Thrive 85 – this could save you money
Would you like to lock your rate, while you are out shopping for a home.... now you can, with Thrive 85.
2 / 1 Buydown ideas -drop the payment ideas
A 2/1 buydown is a type of mortgage arrangement designed to provide a temporary reduced interest rate for the borrower during the initial years of the loan. It's a form of interest rate subsidy where the lender or a third party provides funds to "buy down" or reduce the interest rate for a set period of time. Here's how it works: Structure of a 2/1 Buydown: In the first year of the loan, the interest rate is reduced by 2% from the note rate. In the second year, the interest rate is reduced by 1% from the note rate. From the third year onward, the borrower pays the actual note rate. Thanks, Patty Newby Branch Manager – Mortgage Advisor, Powered by Thrive Mortgage License #194741 972-534-LOAN (5626) 2591 Dallas Parkway, Ste 210 Frisco TX 75034, Branch NMLS# 2317772
Drop the payment ideas
Rate Buy Down Explained At its core, a rate buy down is a strategy where you (or pay upfront fee) or the seller (credits ) to receive a lower interest rate on your mortgage. Think of it as a "discount" on your mortgage rate. Here's a breakdown: Upfront Payment: By paying an additional upfront fee, often referred to as "points" or "discount points," you can secure a lower interest rate on your mortgage. Saving Over Time: While there's an initial cost involved, a buy down can save you money over the life of the loan because you'll be paying interest at a reduced rate. Thanks, Patty Newby Branch Manager – Mortgage Advisor, Powered by Thrive Mortgage License #194741 972-534-LOAN (5626) 2591 Dallas Parkway, Ste 210 Frisco TX 75034, Branch NMLS# 2317772
Thrive85 – let’s lock your rate now
Thrive85 allows you to lock your rate, then find a home. That gives you peace of mind.
Student Loans -clients– Financial Act of 2023 for you
Below is a calculator to determine what your payment could be. This is a third-party company and way to help to qualify for a mortgage. Please feel free to use your own on-line calculators, your current servicer and anyone you desire. We are not affiliated with loan sense or profit from this. It is a way to calculate your options and I have sending you the calculator here. https://myloansense.com/c/patty-newby (loan calculator) The Financial Responsibility Act of 23 will Impact Homeownership and the pause is lifted on Sept 1st, 2023, with a 1st payment due Oct 1st, 2023, for many of our clients. Check out the options, call us and see loan calculator below. As we all agreed, we're facing a potentially challenging situation come September. Many of our clients have not made student loan payments in three years due to the pause on payments. Combining this with no financial planning, rising inflation, high credit card debt, and the prospect of a payment that hasn't been seen in 36 months, we could be looking at a significant impact on those directly or indirectly involved in the housing market. This will impact a client if you are a buyer, or seller if you have student loans or have co-signed for a student loan. See below . For our current approved buyers, we are contacting you soon to ensure you have an easy and fun closing or your pre-qualification is still valid. High-Level View Of Options We Can Use ⚡️Standard Repayment Plan Payments are a fixed amount. ⚡️Graduated Repayment Plan The graduated repayment plan starts with lower payments that increase every two years. ⚡️Extended Repayment Plan Payments may be fixed or graduated and will ensure your loans are paid off within 25 years. ⚡️Revised Pay As You Earn Repayment Plan (REPAYE) This is an income-driven plan. Your monthly payments will be less. ⚡️Pay As You Earn Repayment Plan (PAYE) This is an income-driven plan. ⚡️Income-Based Repayment Plan (IBR) This is an income-driven plan. ⚡️Income-Contingent Repayment Plan (ICR) This is an income-driven plan. ⚡️Income-Sensitive Repayment Plan This is an income-driven plan. Here’s a calculator to you to plan for September 1st , 2023. This is a third-party company and way to help to qualify for a mortgage. Please feel free to use your own on-line calculators, your current servicer and anyone you desire. We are not affiliated with loan sense or profit from this. It is a way to calculate your options. https://myloansense.com/c/patty-newby (loan calculator)
Student Loans- Financial Act of 2023
Below is a calculator to determine what your payment could be. This is a third-party company and way to help to qualify for a mortgage. Please feel free to use your own on-line calculators, your current servicer and anyone you desire. We are not affiliated with loan sense or profit from this. It is a way to calculate your options and I have sending you the calculator here. https://myloansense.com/c/patty-newby (loan calculator) Updated Forbes article, check it out. https://thehill.com/homenews/education/4138136-lawsuit-filed-to-stop-new-student-debt-relief-plan/ The Financial Responsibility Act of 23 will Impact Homeownership and the pause is lifted on Sept 1st, 2023, with a 1st payment due Oct 1st, 2023, for many of our clients. Check out the options, call us and see loan calculator below. As we all agreed, we're facing a potentially challenging situation come September. Many of our clients have not made student loan payments in three years due to the pause on payments. Combining this with no financial planning, rising inflation, high credit card debt, and the prospect of a payment that hasn't been seen in 36 months, we could be looking at a significant impact on those directly or indirectly involved in the housing market. This will impact a client if you are a buyer, or seller if you have student loans or have co-signed for a student loan. See below . For our current approved buyers, we are contacting you soon to ensure you have an easy and fun closing or your pre-qualification is still valid. High-Level View Of Options We Can Use ⚡️Standard Repayment Plan Payments are a fixed amount. ⚡️Graduated Repayment Plan The graduated repayment plan starts with lower payments that increase every two years. ⚡️Extended Repayment Plan Payments may be fixed or graduated and will ensure your loans are paid off within 25 years. ⚡️Revised Pay As You Earn Repayment Plan (REPAYE) This is an income-driven plan. Your monthly payments will be less. ⚡️Pay As You Earn Repayment Plan (PAYE) This is an income-driven plan. ⚡️Income-Based Repayment Plan (IBR) This is an income-driven plan. ⚡️Income-Contingent Repayment Plan (ICR) This is an income-driven plan. ⚡️Income-Sensitive Repayment Plan This is an income-driven plan. Here’s a calculator to you to plan for September 1st , 2023. This is a third-party company and way to help to qualify for a mortgage. Please feel free to use your own on-line calculators, your current servicer and anyone you desire. We are not affiliated with loan sense or profit from this. It is a way to calculate your options. https://myloansense.com/c/patty-newby (loan calculator)
Student Loans – Realtor / Builder – Financial Act of 2023 ending
Below is a calculator to determine what your payment could be. This is a third-party company and way to help to qualify for a mortgage. Please feel free to use your own on-line calculators, your current servicer and anyone you desire. We are not affiliated with loan sense or profit from this. It is a way to calculate your options and I have sending you the calculator here. https://myloansense.com/c/patty-newby (loan calculator) Updated Forbes article, check it out. https://thehill.com/homenews/education/4138136-lawsuit-filed-to-stop-new-student-debt-relief-plan/ The Financial Responsibility Act of 23 will Impact Homeownership and the pause is lifted on Sept 1st, 2023, with a 1st payment due Oct 1st, 2023, for many of our clients. Check out the options, call us and see loan calculator below. As we all agreed, we're facing a potentially challenging situation come September. Many of our clients have not made student loan payments in three years due to the pause on payments. Combining this with no financial planning, rising inflation, high credit card debt, and the prospect of a payment that hasn't been seen in 36 months, we could be looking at a significant impact on those directly or indirectly involved in the housing market. This will impact a client if you are a buyer, or seller if you have student loans or have co-signed for a student loan. See below . For our current approved buyers, we are contacting you soon to ensure you have an easy and fun closing or your pre-qualification is still valid. High-Level View Of Options We Can Use ⚡️Standard Repayment Plan Payments are a fixed amount. ⚡️Graduated Repayment Plan The graduated repayment plan starts with lower payments that increase every two years. ⚡️Extended Repayment Plan Payments may be fixed or graduated and will ensure your loans are paid off within 25 years. ⚡️Revised Pay As You Earn Repayment Plan (REPAYE) This is an income-driven plan. Your monthly payments will be less. ⚡️Pay As You Earn Repayment Plan (PAYE) This is an income-driven plan. ⚡️Income-Based Repayment Plan (IBR) This is an income-driven plan. ⚡️Income-Contingent Repayment Plan (ICR) This is an income-driven plan. ⚡️Income-Sensitive Repayment Plan This is an income-driven plan. Here’s a calculator to you to plan for September 1st , 2023. This is a third-party company and way to help to qualify for a mortgage. Please feel free to use your own on-line calculators, your current servicer and anyone you desire. We are not affiliated with loan sense or profit from this. It is a way to calculate your options. https://myloansense.com/c/patty-newby (loan calculator)
How to get rid of Mortgage insurance
So, you want to kick that mortgage insurance to the curb? No worries, I've got you covered! Here's how you can bid it farewell: Private Mortgage Insurance (PMI): Show it who's boss by reaching 20% equity in your home. Once you've paid off enough, you can request PMI removal like a boss. Give your mortgage a good spanking by making extra payments towards the principal. It'll be shocked at how determined you are to get rid of it. If your home's value has skyrocketed, flaunt it with a new appraisal. Prove to that pesky PMI that you're in charge and have reached the magical 20% equity mark. Consider giving your mortgage a makeover by refinancing. If interest rates have dropped or your credit has improved, you can kick PMI to the curb and say, "Hello, better deal!" FHA Mortgage Insurance Premium (MIP): Show MIP who's the boss too! Just pay off enough of your mortgage to reach 20% equity and kindly request its removal. Goodbye, MIP, you won't be missed! Want to take it to the next level? Refinance to a conventional loan and show MIP that you don't need its company anymore. You're moving on to bigger and better things! VA Funding Fee: Ah, the VA funding fee, a one-time fee that sticks around. Unfortunately, it's like that quirky friend who always tags along. It can't be removed, but at least it's just a one-time thing. Remember, these tips are just the starting point. Always check your mortgage agreement and have a chat with your lender. They'll give you the inside scoop on how to bid farewell to that mortgage insurance with style and a sprinkle of humor. Good luck on your journey to financial freedom!
VA funding fee lower
Hello Effective April 7th, 2023, the VA funding fee will be lower. This will save you, and our clients month. Patty
FHA Mortgage insurance reduced
Hello Effective Monday, Feb 27th, 2023, we can help you lower your monthly mortgage payment. Why? The FHA monthly premiums have been reduced. This will save you, and our clients month. Patty
1st Time Buyer
Are you a 1st time buyer? You will have more options for lower down payment programs. Thanks Patty Newby & theLoanDesigners.
Earnest money
What is earnest money and how is it applied? Thanks Patty Newby & theLoanDesigner
Build your Dream home – Construction lending – A One Time Close
Are you ready to build your dream home? When you customize your home, many builders want you to carry the interim loan. It is called Construction lending. I have been focused on Construction lending since 2004. Here is some helpful information. Thanks Patty Newby & theLoanDesigners
Build your Dream home with Construction lending
Are you ready to build your dream home? When you customize your home, many builders want you to carry the interim loan. It is called Construction lending. I have been focused on Construction lending since 2004. Here is some helpful information. Thanks Patty Newby & theLoanDesigners
Home2Home
Buy Now, Sell Later. Sellers do not want a contingent offer on their home. Avoid this by using Home2Home. It may be just perfect for you. To learn more, check out the other videos' or give us a call. Thanks Patty Newby & theLoanDesigners
What is a fraud report
At Preapproval an initial report is performed. Then it's updated once you have found a home. Learn more here.
Undisclosed Debt
Just before we close on your mortgage, a UDN report is pulled. This is not a credit pull .
Fees with a mortgage
What are the fees with a mortgage? We will go through all of these during our presentation in details. Learn more here. *fixed fees - we have 3 fees. *Third party fees - this is the majority of the fees and an estimate *escrows - property taxes, home insurance and days of interest *What do you want to with the rate. You may want to pay points to save money. We will share the options with you, make a recommendation and you decide.. **the artwork in here is an example and not representative of your loan
Let us pull your credit for your mortgage
Details about pulling your credit, when you are ready to buy a home.
Appreciation By Design After you close
As part of theLoanDesigner family, we want to share tips, helpful information and be there to assist, after you close on your loan. This program is Designed to provide information, but let's have some fun too. Charity Check-in. Check it out and join us.
Appreciation By Design and Charity Check in
As part of theLoanDesigner family, we want to share tips, helpful information and be there to assist, after you close on your loan. This program is Designed to provide information, but let's have some fun too. Charity Check-in. Check it out and join us.
Home2Home Expanded like a Bridge loan
What is Home2Home Expanded.. A wonderful mortgage solution so you can buy now... sell later. This way you can put an offer on a home... WITHOUT putting in a contingent offer on your new home.
Opt Out avoid 10- 100 phone calls
Today the credit bureaus sell your information. We can not control that. However there is a way to stop the unwanted phone calls and texts. Learn more here then visit theLoanDesigner.com Select Opt out!
No Dog House moments
How do we close a mortgage loan with ease? Let’s have fun: We will! -We will Design the BEST mortgage to save you money! -We will review your payment, over all debt and think outside the box, to save you money. -We offer you a Designer FastPass Approval. (helps you compete. Listing agents and builders love this) -Use Appreciation By Design, after you close. We care and Designer's are here to help now and later to help. We will keep your mortgage, under Designer Management. In return, we need your help too: During the ENTIRE loan process: Please stop if you have any of the below and call us before this occurs: -Change salary/wages/job/ job title/method of payment – make no changes without discussing with loan officer prior -Move money that cannot be documented (all money needs to be sourced) -Buy/charge/finance any large ticket item – this can change your credit score 10-80 points. -Change marital status -Deposit checks/cash from undocumented source- we need a paper trail -Open any new credit line / don’t change cars – this can change your credit score 10-80 points. -Miss any payments. -Take cash or checks as GIFTS. -Provide your paperwork fast. -Please call or email us anytime for any questions.
Counter a Lowball Offer
Are you ready to list your home? What happens if the offer comes in low. We have the ideas to work with the buyer's agent and we can even talk with potential buyer. There are solutions to keep more money on your net sheet, or money in your hands. Here's some ideas. Thanks Patty and theLoanDesigners
Rent vs owning a home… Maybe it’s time to imagine owning
Hello, check this out. When deciding to rent vs buy, there are several factors to consider. -is your job steady and secure? -do you have a down payment? Then let's look at the financial side. Click to learn more. There are other things to consider too. The best thing is to chat with a LoanDesigner. Get the details for your personal situation, let's run some numbers so you can decide. Dreams happen, imagine family and friends around a fireplace, a cookout in the back yard or maybe you want to decorate your way... Is now the time to buy? Thanks, Patty Newby and theLoanDesigners
Buyers Toolbox Just for you
Hello. Welcome to your buyers toolbox. We Designed this for helpful information on mortgage programs, next steps, ideas for you and market news to keep you informed. Have a question, on anything or anytime, we are here to ensure you have access to solutions to save you money, and ensure you feel at ease making this big decision. We are grateful for your trust and here to help.
Renting vs Own – is it time for you to buy a home?
Hello, maybe you have been renting a short time, or longer. Now may be the time for you to buy a home! When you rent, you are paying a mortgage. That mortgage may be tied to a landlord of a home, or a Commercial Business loan. Let's explore buying a home for YOU. It's a great way to increase your assets, net worth, and celebrate in your home.
Red Bow fun for your agent
Your realtor is fabulous. Peek at this and give them a wonderful surprise... Just click here for your agent. https://theloandesigner.com/red-bow-referral/ Depending on your computer, etc. you may have to cut and paste the above link for your agent. Let us know if questions pleases.
PreApproval
Hello, our client loves your sellers home. Here's some helpful information. We look forward to working with you and hope you select our fabulous buyer. Want to learn more, we are here for questions.
Appraisal is back
Great news for our client
Recasting your current mortgage
You can lower your payment, without refinancing, if you are doing this. Learn more here.
Thrive85 lock early
You are building a new home but want to lock. We can lock up to 85 days in advance, then drop the rate if rates drop. If rates drop, we can use Rate Reset to save money too.
House Happy After you close or share with a friend
HIHouse Happy allows you to track details of your home projects or schedule a project. Check it out.. I have used this a lot for great savings and wonderful subcontractors. We are not paid any incentives to offer this you. It is just a way of taking care of our Designer clients after you complete your mortgage. We still care about your family.Branch Manager – Mortgage Advisor, Powered by Thrive Mortgage License #194741972-534-LOAN (5626) 972-534-56262591 Dallas Parkway, Ste 210 Frisco TX 75034, Branch NMLS# 2317772
Rate Reset – Buy Now, Refi Later (we’re here to help)
Rates have gone up. We're here to help. They may drop a little or more in 2023. I'll keep posting market news but when they drop, we can look at refinancing for you. If that make sense, we'll help with the closing costs.
5 Reasons to buy a home and NOT wait till Rates come down.
This is a summary of the market. Some clients are waiting to buy a home, till rates drop? Should you?
Balanced Housing Market, what does that even mean?
We left wild and crazy market behind in house, to get back to a normal market, so what does that mean for you?
5 Reasons to buy a home now, and NOT wait WOW
Some clients are waiting to buy a home, till rates drop? Should you? Check this out for history and facts.
entire presentation Seller Buydown solutions – before you lower the price
Before you drop the sales price of your home, check this out. Give your buyer more Purchase Power and/or more Affordability. Then check out, the Cost of Waiting and Rent vs Own. Home values in 2022, are expected to appreciate over 10% Nationally. This is an exciting time to buy a home. Check out details to the right, what do you think?
Seller buydown
How can the seller help saving big on your monthly mortgage, and save you money in interest over a few years.. Check this out . Imagine this beautiful home for your family?
Is it better to buy then or NOW?
Maybe you have been out looking for a while. Today, mortgage rates are up, so is it better to have bought THEN or NOW? Check this out.
Is it better to buy then or NOW?
Check this out, you decide but seems like a wonderful time to potentially save some money.. Right?
What’s up with all this paperwork?
You've purchased a home, now so many people are sending you emails and paperwork.. why? Check this out
VA loans for our Veterans
Thank you for serving! We are a Direct VA bank, and would be honored to help you or/and your family.
Lot loans
Are you ready to build your DREAM home? You may need a lot loan first, while working on your plans and confirming the contract with your builder.
Home2Home BRIDGE
Maybe you would like to pay cash for your home but all your equity is in your current home. Home2Home BRIDGE may be a perfect temporary solution for you.
Cost of waiting
The housing market is still hot... Should you buy now or wait? Let's find out what is best for your family. Here's some examples.
theLoandDeisgner – Patty Newby – Mortgage check up – please listen
Hello. we did a quick check up. No need to refinance, you're in great shape. Whoop
Remodel, refi or save money?
Let's see if we can save you money? Can you remove your PMI? Do you want to remodel or pay off some debt? Let us do a Mortgage checkup. No need to pull your credit, we have that info already.
Designer FastPass
Get the LoanDesigner Advantage... A preApproval, not a Prequal is needed for today's market. We'll pull out all the stops, to help you secure the home you desire.
Purchase Select
How can we build equity faster? We have mortgage loan terms from 8 to 30 years. You Select what fits best with your budget and financial strategy. You pick and we Select the term for you.
Property taxes – What happens year 2?
Don't get caught off guard, this is year two, existing homes or building. Imagine you're building a new house. In the beginning, it's like a blank canvas, and you're not paying taxes for a full, finished house yet. This means, in the first year, your monthly house payment is a bit lighter on your wallet. Here's how it works: Year 1 (Moving in): Think of this as the year your house is still in its "baby phase". Sometime during this year, an inspector will visit and decide how much in taxes you should pay for the next year. But, remember, your house isn't fully grown yet, so these taxes are still on the lighter side. Year 2: Your house is now a grown-up! The inspector comes by again, but this time, since your house is complete, the taxes will be set according to its full value. This means the amount you pay monthly will jump up a bit. Now, here's a heads-up: Early in the year, after you've moved in, expect a message saying your taxes have gone up. It's like when you suddenly realize you've been spending too much and need to readjust your budget. If you're not careful, you can fall behind on these new taxes pretty quickly, and owe quite a bit. When you first buy your house, we'll only ask you to pay the "baby phase" taxes, so you won't have to shell out too much cash right away. But remember to be smart about it: ACTION STEP: In January, call the customer service number on your mortgage bill. Ask if they can adjust your monthly payment to reflect your "grown-up house" taxes. If they say "not yet", set aside some money on your own. By spring, they might send you a letter saying you owe more because of the tax increase. With the money you set aside, you can either pay it all at once or decide to adjust your monthly payments. Remember, we don't want you to be caught off guard. We can also discuss other options if this "baby phase" tax approach isn't your cup of tea. Just give us a ring! Is that a clearer explanation for your target audience?
Did you know? Should you refiance – Part 2
Maybe you can save some money but we need to look at an amortization schedule too... What is that? Take a peek.
Home2Home loan / mortgage program. Buy now, sell later… no contingent offer.. Video 4 in series
This is a cool program so you can buy your home, without a contingent offer. This is a Thrive Mortgage product..
Home2Home Mortgage Buy Now, sell later. No Contingency needed. Video series #3
Home2Home This is a cool program so you can buy your home, without a contingent offer. This is a Thrive Mortgage product.. Home2Home ROCKS... call us for details. Restrictions apply. Guidelines subject to change
Home2Home Mortgage Solution. Buy Now…. sell later Video 2 on a series
This is a cool program so you can buy your home, without a contingent offer. This is a Thrive Mortgage product.. Home2Home
Home2Home – General information
What is Home2Home... A wonderful mortgage solution so you can buy now... sell later. This way you can put an offer on a home... WITHOUT putting in a contingent offer on your new home. Peek at the video Series to explain the solution. Appraisals are now good for 120 days in most cases, effective 1-1-22. Restrictions apply so view other videos please and call us. 972-534-Loan (5626) #theLoanDesigner #BuyAHome #BuildAHome #Texas #Mortgage #HomeLoan #Dallas
What is Home2Home Video 1
This is a cool program so you can buy your home, without a contingent offer. 100% financing. This is a Thrive Mortgage product.. Home2Home ROCKS... Who wants to put in a contingent offer.
Home2Home Build (like a bridge loan)
What is Home2Home... A wonderful mortgage solution so you can buy now... sell later. This way you can put an offer on a home... WITHOUT putting in a contingent offer on your new home. It's 100% financing, no points. Then your loan is converted to a mortgage, after you sell your home, putting in your down payment at that point. Conditions apply, you can use this for existing homes, or new builds. For your existing home, you can live anywhere in the US, using this solution to buy a home.
Design4Today
In today's purchase market, it's critical to prepare to WIN the home you desire to purchase. How are we going to help? After you apply, we will gather your paperwork, and send you through the legal process, called underwriting. This will help, so your agent can write fewer days, in the contract section. We work to have this completed, even before you find a home. At that point, we can legally issue a PreApproval. Then we prefer for any possible shortfall in the appraisal. Some call this a GAP. Call us, so we give you the Designer Advantage, as we Design4Today.
Thrive Refi Select – Refinance
Are you ready to refinance your home? We love to help you save money, we'll look at payment, PMI potential savings, closing costs and net out a solution, measuring savings against the amortization schedule to see if it's best to refinance. (payment that details how much your paying in interest vs principal, each month. ) With Refi Select, we can help save you money by Selecting a term fro 8-29 years. Call us, we'll show you the details for your home.
Are you dreaming of owning a home?
We'll start with the basic's. Ask lots of questions ,then Design a loan that provides the cash to close, home payment and ultimately solutions to help you build your Net Worth. We'll share all this in a color coded, detailed presentation.
Do this and Do not do this while buying a home or refinancing
Once you're in the middle of the mortgage process, please remember the Do's and Dont's. Always call us if any questions. 972-534-5626.
Home2Home 100 percent financing Buy Now Sell Later
What is Home2Home... A wonderful mortgage solution so you can buy now... sell later. This way you can put an offer on a home... WITHOUT putting in a contingent offer on your new home.