Phoenix Star Mortgage LLC NMLS # 1858904

Buy now, pay later financing has been around for a while, but financing rental payments is a new and troubling trend. 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐚 𝐥𝐨𝐚𝐧 𝐭𝐨 𝐩𝐚𝐲 𝐲𝐨𝐮𝐫 𝐫𝐞𝐧𝐭, 𝐢𝐭 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐞𝐬 𝐲𝐨𝐮’𝐫𝐞 𝐧𝐨𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐥𝐲 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐚 𝐡𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫. We recently had a client who was taking out a loan and paying monthly fees to pay her rent. This is not okay, so we withdrew her loan application so we can work with her to straighten out her finances. The little bit of time spent now to right her ship will do wonders for her financial future later! --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

If your goal is to buy a home in 2025, now is the time to start preparing! It generally takes at least 6 months for a first-time buyer to have everything in order and be ready for underwriting. Contact us to schedule a free consultation to learn what you need to do to improve your chances of loan approval. 🏡 Getting started now will ensure you’re ready to purchase next year! --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

Income from a part-time second job cannot be used to qualify for a home loan unless it has been earned consistently for two years. But don't be discouraged! There are other valuable ways that first-time buyers can use this income: 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐘𝐨𝐮𝐫 𝐒𝐚𝐯𝐢𝐧𝐠𝐬: Use your earnings to save for a down payment. 𝐏𝐚𝐲 𝐎𝐟𝐟 𝐃𝐞𝐛𝐭𝐬: Apply the money to reduce your debts. While a second job may not boost your qualifying income, using the extra income can significantly lower your debts, and this strategy can help you qualify for a home loan. Wendy Ruhlig just completed a series of 5 posts with helpful tips on how to get control of your money – you can check them out here: https://lnkd.in/dHbt3xZG These tips plus your extra income will help you get control of your money, grow your savings, and save for a down payment in record time! --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

Once an underwriter sees something, they can’t unsee it. Something that’s seen a lot these days is buy now, pay later deals. Financing online purchases is a huge trend at the moment. It’s fast, and it’s convenient. But having too many of these accounts can prevent you from buying a home; here’s why 👇🏾 𝐓𝐡𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐚𝐩𝐩𝐞𝐚𝐫 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐛𝐚𝐧𝐤 𝐬𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭, 𝐚𝐧𝐝 𝐰𝐡𝐞𝐧 𝐭𝐡𝐞 𝐮𝐧𝐝𝐞𝐫𝐰𝐫𝐢𝐭𝐞𝐫 𝐬𝐞𝐞𝐬 𝐭𝐡𝐚𝐭, 𝐭𝐡𝐞𝐲’𝐥𝐥 𝐚𝐝𝐝 𝐭𝐡𝐨𝐬𝐞 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐥𝐢𝐬𝐭 𝐨𝐟 𝐝𝐞𝐛𝐭𝐬. These types of accounts generally don’t show on a credit report. But you created the debt and make the payments, so they’re counted against you just as any debt on your credit report would be. Avoiding the convenience of buy now, pay later financing will prevent issues and delays with your future loan application! --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

I’d rather be told the truth than have smoke blown up my backside. One of our owners, Wendy, says this constantly, and it’s incredibly relevant to mortgages and first-time buyers. 𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐧𝐨 𝐭𝐫𝐢𝐜𝐤𝐬 𝐨𝐫 𝐡𝐚𝐜𝐤𝐬 𝐭𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐦𝐢𝐫𝐚𝐜𝐮𝐥𝐨𝐮𝐬𝐥𝐲 𝐠𝐞𝐭 𝐲𝐨𝐮 𝐭𝐨 𝐪𝐮𝐚𝐥𝐢𝐟𝐲 𝐟𝐨𝐫 𝐚 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧 𝐨𝐯𝐞𝐫𝐧𝐢𝐠𝐡𝐭. Being able to qualify for a home loan takes work. You have to get your credit right, your money straight, and your debts under control. There’s no way around it. Anyone who tells you otherwise is not being truthful and is wasting your time. If you want to buy a home and are ready to start working towards that goal, we can help you! 👉🏽 Follow Wendy to learn more about what we do and who we are. Then, when you’re ready to get facts and support with no fluff, follow one of these steps ⬇️ Click Contact Us and then book an appointment to chat with Wendy. You can also go to Wendy’s profile and book an appointment with her from there. We look forward to working with you! --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

There’s no telling what that stranger you just crossed paths with is dealing with, so please don’t judge them. Something as simple as opening a door or saying ‘good morning’ could be the only positive thing that’s happened to them today. Pay it forward by doing something nice for some random stranger today. It very well could be what they needed to make it through the rest of their day. --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

Since we specialize in working with first-time buyers and know a thing or two about FHA loans, today, we will debunk a couple of common misconceptions. 𝐌𝐚𝐧𝐲 𝐭𝐡𝐢𝐧𝐤 that FHA buyers: ✔️ Are unqualified. ✔️ Have lousy credit. ✔️ Have no money. 𝐁𝐮𝐭 𝐭𝐡𝐞 𝐟𝐚𝐜𝐭𝐬 𝐚𝐫𝐞: ✔️ Lending guidelines do not allow unqualified buyers to close on a home loan. ✔️ Nobody can get a home loan using any loan product with lousy credit. ✔️ All loan programs, including 0% down programs, still require a significant amount of money to close. Before you shy away from an FHA loan or FHA borrower, here’s another fact you need to know: 𝐓𝐡𝐞𝐫𝐞 𝐢𝐬 𝐧𝐨 𝐬𝐮𝐜𝐡 𝐭𝐡𝐢𝐧𝐠 𝐚𝐬 𝐚 𝐛𝐚𝐝 𝐥𝐨𝐚𝐧 𝐩𝐫𝐨𝐠𝐫𝐚𝐦. If a buyer uses a specific loan program, it’s because it offers them the best loan terms, making it the best one for them. And there’s nothing wrong with that. --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

Buying a home is too big of a deal to just wing it; it needs to be taken seriously. A lot of 𝐩𝐞𝐨𝐩𝐥𝐞 𝐬𝐩𝐞𝐧𝐝 𝐦𝐨𝐫𝐞 𝐭𝐢𝐦𝐞 𝐛𝐢𝐧𝐠𝐞-𝐰𝐚𝐭𝐜𝐡𝐢𝐧𝐠 𝐓𝐕 𝐭𝐡𝐚𝐧 𝐭𝐡𝐞𝐲 𝐝𝐨 𝐨𝐧 𝐭𝐡𝐞𝐢𝐫 𝐜𝐫𝐞𝐝𝐢𝐭, 𝐬𝐚𝐯𝐢𝐧𝐠𝐬, 𝐚𝐧𝐝 𝐠𝐞𝐧𝐞𝐫𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬. There’s nothing wrong with binge-watching your favorite shows – we have a few favorites of our own! ✔️ But don’t make it your escape or a way to bury your head in the sand about your finances. If you’re serious about buying a home, we will create and walk you through a step-by-step plan to help get your finances under control. 𝐑𝐞𝐝𝐢𝐫𝐞𝐜𝐭 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐞𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐭𝐡𝐞 𝐩𝐫𝐢𝐨𝐫𝐢𝐭𝐲. Prioritizing yourself and your financial future will make all the difference and ensure a smooth loan process. Do that, and you’ll one day enjoy your favorite shows in your own home! --------- 🔎 𝐓𝐨 𝐬𝐞𝐞 𝐦𝐨𝐫𝐞 𝐩𝐨𝐬𝐭𝐬 𝐥𝐢𝐤𝐞 𝐭𝐡𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐨 𝐅𝐨𝐥𝐥𝐨𝐰 #FloridaMortgageTips -------------------- #Mortgages #FirstTimeHomebuyer #Homeownership #FloridaRealEstate

The first thing that needs to be addressed if you want to buy a home is to ensure your credit is in order. This does NOT mean you need to hire a credit repair company! They don’t know what’s relevant to a mortgage underwriter, so they can’t possibly advise you correctly. ✅ Only a mortgage professional knows what needs to be done to get your credit profile and credit score where they need to be to get approved. ✅ We provide a no-cost credit repair and building plan to our first-time buyer clients. Depending on their circumstances, sometimes they’re ready to buy in a few months, and sometimes it takes them a year or so. Either way, we work with them hand in hand to make sure the first crucial step to buying a home, getting their credit in order, is completed the right way. ---------- To see more posts like this: Click and Follow this hashtag 👉 #FloridaMortgageTips ---------- #Mortgages #FirstTimeHomebuyer #FirstTimeHomebuyers #HomeBuyers #Homeownership #FloridaRealEstate #FloridaRealtor #RealEstateAgent

To start down the path to homeownership, the first crucial step is facing the truth about your credit. Real improvement requires acknowledging that there are no quick fixes or secret methods to repair past financial mistakes instantly. It demands a commitment to change poor habits and diligently working towards rebuilding your credit. ✔️ This effort is the foundation for achieving your goal of buying a home. Everyone encounters financial setbacks, but deciding to take your credit seriously opens the possibility of owning a home sooner than you think. Ready to prioritize your financial well-being and future home? 🏠 Partner with a local mortgage broker to create a clear plan and begin your journey to homeownership. ---------- To see more posts like this: Click and Follow this hashtag 👉 #FloridaMortgageTips ---------- #Mortgages #FirstTimeHomebuyer #FirstTimeHomebuyers #HomeBuyers #Homeownership #FloridaRealEstate #FloridaRealtor #RealEstateAgent