MortgageMack – Your Guide to Home Loans in Texas
Helping Texans find the right mortgage solution for their home and financial goals.
Today we honor the journey toward freedom, equality, and justice while remembering that the work continues daily. Happy Juneteenth. #thehelpfulLO #home #house #listreports #juneteenth #honor #freedom #freedomforall #mortgage #loanofficer
You should set aside money each year for your home’s maintenance, repairs, and upgrades. A good place to start is 1-4%. If you want to do more substantial work on your home, you might want to look into additional finance options. I can answer any questions you have about financing for major work on your home. #thehelpfulLO #home #house #listreports #finances #happyhomeowners #smartmoney #investment #moneytips #mortgage #loanfficer #realestate
Finding the right home contractor is key to achieving your dream home renovation! Here are my top tips: do your research, ask for references, check licenses and insurance, and most importantly, trust your instincts. Don’t settle for whoever costs less; if you need to explore financing options, send me a message, and let’s talk. #thehelpfulLO #home #house #listreports #homeowner #happyhomeowner #finances #mortgage #loanofficer #homereno #homerefi #renovations #hometips #investment
Being pre-approved can make your offer more attractive to a seller in a competitive seller’s market.
Home Loan Approval vs. Pre-Qualified Applicant
Hi. It’s Mack with One Trust Home Loans and thanks for being here. My NMLS number is 208691. And today, we’re going to talk briefly about being pre-qualified verses a home loan approval. You know, we find ourselves in a very tight inventory for houses that are for sale. It is very competitive out there. If you’re a first-time home buyer, it can be very challenging to find a home not only in your price range, but when you do, you find that you’re competing with other buyers.
One thing that I know that will give first-time home buyers an edge in the market and even, you know, move-up buyers is to be pre-approved versus just pre-qualified. Now, in my 25-year career, the process for most home buyers starts with a pre-qualification wherein, you apply online or you apply in person, and we spend some quality time together, and discuss your goals. And we make sure that those goals are achievable based upon the income, the assets and make sure that the goals are achievable even within the framework of what you define for us with regards to your specific goals for down payment, closing costs and monthly payment.Loan Approval Process
Now, the home loan approval process takes the pre-qualification process several steps further. So, not only do we complete the loan the application,
spend some time together and define your goals, but then we also put together the financial documents that are necessary to support the application, which include your W-2s for the most recent 2 years, pay stubs equal to 1 month’s income, 2 years tax returns, 2 months bank statements, appropriate identification, and some other items. You can find a link with an approval checklist here on my video blog.
Now, what we do with that information is we not only just— Not only do we take and review it, but we submit your financial documents to an underwriter and request that the underwriter give us a pre-approval. And then we issue a pre-approval letter to you. And that letter in and of itself in a competitive situation where you are competing with other buyers can  make a difference in whether you get the property versus another person that didn’t take the process, that extra step to reassure a seller that you are indeed qualified to purchase a home.
I hope this was helpful. Please leave a comment and please tell us if there’s any of the material that you think would be of value to you that you would like to know more about. I’d be glad to share it with you. Thanks a lot.
Zero down home loans available for victims in Presidential Declared Disaster Areas…
Home Loans for Disaster Victims
Hi. My name is Mack with One Trust Home Loans and welcome. My NMLS number is 208691 and today, we’re going to talk about home loans for disaster victims also called the Disaster Relief Mortgage, otherwise known as FHA 203h.
If you or someone you love or know has been displaced as a result of a disaster within a Presidential Declared Disaster Area and whose home has been damaged and/or destroyed, you could be eligible for this special financing. This program does not require a down payment and has very flexible guidelines with regards to income, credit, and assets. In addition, FHA 203(h) also allows for seller contribution up to 6% of the sales price.
Home Loans for Disaster Victims it Could be Zero DownYou could move in for as little as zero or for as little as it might take to rent a new apartment or a new home. Again, the program is available in Presidential Declared Disaster Area to persons that were renters or homeowners whose homes were destroyed and/or rendered unlivable. The loan program is available for 1 year after the declaration of disaster. And if you think you might be eligible and would like to have more information, please reach out to us at mortgagemack.com or [email protected] or please leave a comment under this video and I will be glad to respond to your comment.
If you have any suggestions for additional material that you think would be important to you, I would love to hear from you.
Thank you. Have a great day.
Calcon Morggage LLC, dba OneTrust Home Loans is an equal housing lender; NMLS #46375: 3131 Camino Del Rio North Suite 1680, San Diego, CA 92108. Corporate phone (888) 488-3807. For more licensing information visit: https://onetrusthomeloans.com/licensing-information/. All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change without notice.
Mack F. Blankenship is a Mortgage Loan Officer at Onetrust Home Loans, 1345 Campbell Rd., #222, Houston, TX 77055. Phone: (346) 223—0336; NMLS #208691: https://onetrusthomeloans.com/lo/mblankenship https://www.facebook.com/mortgeagemack/
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