On every home loan, there are loan level pricing adjusters (LLPA’s). Learn here what LLPA’s are, why they matter, and understand how to minimize the LLPA’s on your loan in order to get the lowest interest rate possible. Could save you tens of thousands of dollars over the life of the loan.
Conforming loans typically have the most favorable terms available. However, the loan amount you need may be higher than the maximum conforming loan amount in your area. Here is a strategy to obtain the higher loan amount that you need, while maintaining the conforming loan amount threshold.
Is the home seller willing to negotiate on their asking price? If so, this one strategy can save you tens of thousands of dollars MORE than what you’d get with a simple price negotiation.
If you are making a down payment of less than 20%, financing 80% or more of the purchase price of your home, then mortgage insurance is required. Or, is it? Learn about a possible option of paying mortgage insurance, and how to compare the numbers to determine the lowest cost to you.
Did you know there are five stages of what is considered “credit approval”? Only one of these stages are an absolute guarantee. Learn how being able to obtain a conditional loan approval has saved my clients tens of thousands of dollars up front in the purchase price of the home.
So you have a good loan with really good terms that you have been paying on for awhile. You have reduced the balance significantly either through regular payments over time, or you have come into some money and you’d like to make a large payment do pay down the principal. Learn how you can change your required monthly payment without having to refinance with the lower loan amount. This could save you hundreds of dollars in mortgage payments each month.
When purchasing a home, money can be tight. Moving costs can be much higher than you anticipated. However, there is a way that you may be able to live both rent free and mortgage free for anywhere from two weeks to 60 days. This can save thousands of dollars in monthly housing expense. Learn how this can be done. Rent back credit – 60 days NOTE: this strategy is ONLY applicable when you are SELLING a home, not PURCHASING a home. It also works in a seller’s market, not a buyer’s market. If you don’t have a home to sell, then don’t subscribe to this video.
