Atlantic Coast Mortgage’s Post

We are honored to feature AmeriSave Mortgage Corporation in this week’s Partner Highlight! AmeriSave believes that everyone deserves a place to call their own. With 20 years of experience and 733,603+ borrowers financed, they know how to make your dream of homeownership a reality! Their lending solutions use the perfect hybrid of human-driven insights and technological expertise to process loans faster and significantly reduce costs. Have you worked with AmeriSave? Comment the best part about your experience below! #jmg #jasonmitchellgroup #realestatepartner #realestatesuccess

🤔 Confused about which loan is right for you? FHA vs. Conventional? Here's what you need to know! ㅤ If your credit score is under 600, FHA will penalize you less on interest rates and monthly mortgage insurance. If you're short on savings, FHA is a better option as it requires no reserves. For down payments between 5-20%, consider a conventional loan. Monthly mortgage insurance may eventually drop once you reach 20% equity, especially if your credit score is over 700. Prefer paying taxes and insurance annually? Conventional loans offer that flexibility. Plus, with just 5% down payment, you can waive the escrow account. ㅤ To learn more, please contact us: 🏠 713-387-9521 📧 marketing@boxwoodmortgage.com 💻 www.boxwoodmortgage.com Co. NMLS # 1824674 Patti Contrasto | Mortgage Broker| NMLS #294661 Patti@boxwoodmortgage.com |D: 713-387-9521 Boxwood Mortgage LLC | 2700 Post Oak Blvd # 21, Houston Tx 77056 | EIN 83-2970443 ㅤ ㅤ #coldwellbankerrealtor #habitationrealty #urbanluxuryproperties #carnanproperties #houstonpolicedepartment 

Borrower paid compensation (BPC) refers to a payment structure in the mortgage industry where the borrower directly pays the mortgage broker for their services. When you properly structure BPC in our market it is a very powerful tool. When consumers go to banks, lenders, and brokers to obtain a mortgage, the loan officers compensation is built into the interest rate along with the company’s overhead cost. This is also known in the industry as lender-paid compensation. This is one of the reasons why rates vary from company to company. Mortgage brokers can offer BPC. When we utilize borrower paid compensation, compensation is pulled out of the rate and paid at closing. Resulting in the rate dropping and an increase in closing cost because the borrower is directly paying the mortgage broker for the loan officers compensation. We than want to take advantage of our current market, and utilize seller concessions, leaving the borrower with a lower interest rate and having the additional closing costs to be covered by the seller. Unlike many loan officers who are bound of their company’s policies, Blackdot Mortgage and each employee has full control over the compensation amount. We have the ability and flexibility to reduce the borrower-paid compensation on all BPC transactions. Remember that Blackdot is licensed to conduct business in the following states. Arizona, California, Colorado, Florida, Michigan, and Texas. We appreciate you. We always have and always will. Courtney Ann Campbell NMLS#1530701 AZ-CA-CO-FL-MI and TX Equal Housing Opportunity https://lnkd.in/geFMpFqd #bdm #bdmcares #blackdotmortgage #mortgage #mortgagebroker #txrealestate #txrealtor #welcomehome #tx #lovewhereyoulive #lovewhereyouwork #azrealestate #azrealestateagent #realestateagent #corealestate #mirealestate #mirealtor #flrealestate #flrealtor #team #teambuilding #marketupdate #mortgagelender #mortgagetips #mortgagelender #homeownership #DPA #Downpaymentassistance

Are you looking for a way to access your home's equity, but don't want to lose your low rate on your current mortgage? A Home Equity Line of Credit might be a solution for you. Give me a call today for details!

We recognize GREATNESS and value our amazing partnerships. Are you a newer agent that could really use an amazing loan officer to walk you through the financing process? Education and communication are our top priorities. We are here to help. Are you an established agent who could use a mortgage lending refresh?? Does your current Lender partner support your clients in a way that complements your customer service? As mortgage brokers, we are constantly researching and learning about the latest and most viable financing options. As this industry brings unique characterics, we know that the financing side does too. We can be that up-to-the-minute resource for you. We'd love to connect with you. #kansascityhomes #kclife #kclove #livinginkc #mortgagebroker #loano#kchomes #locallender #kansascityrealestate #homeloankc #kcmortgagefficer #homeloans #homeloanspecialist #detroitlife #michiganhomes #michiganrealestate

The top 10% of realtors do 90% of the business. As well, over 30% of mortgage loan officers left the business in 2023 and 80% of the loan officers to 40% of the business according to STATMOR Group. Ask: Are your realtor and your loan officer prepared for this market? Do they have the experience to help you with the deal? What can you ask them to be sure? You want to have THE BEST possible team on your side of the table and will NEED that in this coming market. Here are some questions to ask them: 1. How many clients have you helped to buy (or sell) a home in the last year/years? 2.How long have you been in the business? 3. Are you part time or full time? 4. What will you do to ensure we have a solid strategy for going into multiple offer situations and what does that look like? Asking the right questions can be imperative, especially in competitive markets. A successful home purchase transaction starts WAY before yo make an offer and working with those you know, like, and trust will make all the difference! Here at The Dahman Team with Peak 10 Mortgage, we've averaged serving 98 families per year the last 15 years. May will be our 25th anniversary in the business and we are absolutely full time here for you, this is ALL we do! Reach out today to learn our strategies to work with you and your realtor to WIN in a competitive market: https://lnkd.in/gyiSK6a5 https://lnkd.in/eRDZpJp 303-862-7760 Tenby@ColoradoMortgagPlanner.com Tenby Dahman NMLS#262046 Peak 10 Mortgage LLC NMLS #2482555 #thedahmanteam #coloradomortgageplanner #coloradolending #mortgagebroker #peak10mortgage #intheknow #borrowsmart #mortgageplanning #CustomHomeLoans #CustomLoans #toponepercentteam #colorado #LendingConfidence #locallyowned #lowratesandfees

Reverse Loans - HomeSafe Second vs HELOC HomeSafe Second has taken the stage as a low-rate mortgage without an additional monthly payment. See how it stacks up against a traditional home equity line of credit! https://lnkd.in/d_s-pU-i · Must meet all loan obligations, including using the property as your primary residence. · Must pay property charges including first mortgage payment, property taxes, fees, and hazard insurance. · Must maintain the home It all starts with a conversation. Lisa L. Green lgreen@ihmcloans.com (336) 337-4410 **All assistance is provided in compliance with FHA program guidelines. Integrity Home Mortgage Corporation is not affiliated with or acting on behalf of or at the direction of FHA or the Federal government.  Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Did You Know? 🏡 3.5% Down Payment Is An Option To Own A Home Now, you might be thinking, “What’s the catch?” 🤔 Well, it’s not so much a catch as a few things to keep in mind: 🔑 You’ll want a decent credit score, say around 580 or higher. But don’t worry, if you’re at 500 or more, you can still play; you’ll just need to up the down payment to 10%. 💰 There’s a little twist – you’ll need to pay mortgage insurance, especially if your down payment is less than 20%. Think of it as a safety net for the lender. And as for how much you can borrow, well, it’s not a one-size-fits-all deal. It usually falls between 65% and 115% of the median home price in your area. So, you could be looking at anything from $498,257 to $1,149,825. Quite a range, right? 📞 Ready to learn more or get started? Contact me today to explore your options! 🏦 Moses Alford - NMLS #2020941 Alford Lending Powered by NEXA Mortgage NMLS #1660690 📱 813-819-0222 📧 moses.alford@alfordlending.com 💻 https://lnkd.in/eWefZmua #ratedrop #mortgagememes #mortgagestrategy #homebuy #alfordlending #alfordlending

In 2023, the typical down payment for first-time home buyers was 8%, according to the National Association of Realtors. The minimum down payment required for a house varies depending on the type of mortgage you apply for and ranges from 0% for a VA or USDA loan to 3% for a conventional loan. Reach out to me today, to connect you with a loan officer to review your options! #homebuyingtips #mortgage #homeownershipgoals #buyingahome #harthomesvt #thehartteam

Reverse Loans - HomeSafe Second vs HELOC HomeSafe Second has taken the stage as a low-rate mortgage without an additional monthly payment. See how it stacks up against a traditional home equity line of credit! https://lnkd.in/gcBjdY2D · Must meet all loan obligations, including using the property as your primary residence. · Must pay property charges including first mortgage payment, property taxes, fees, and hazard insurance. · Must maintain the home It all starts with a conversation. Karl & Anna Kuhn TheKuhnTeam@ihmcloans.com (972) 505-9035 **All assistance is provided in compliance with FHA program guidelines. Integrity Home Mortgage Corporation is not affiliated with or acting on behalf of or at the direction of FHA or the Federal government.  Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage