Lending Expert Blog

March 21, 2017

Mortgage broker Austin, TX

You have trimmed down your list to find your dream home, and now you are thinking of the best strategy to find the best deals on mortgage so that you can finally settle down – in that new home. One way that can help you in your quest for the best deals is to use a mortgage broker Austin, TX. With a mortgage broker, you are guided through the complex lending process from start to finish. Sounds good, right? However, there are important things you need to understand so that when you are working with your mortgage broker, it is going to be a smooth-sailing client-broker business relationship. Some questions to ask… What does a mortgage broker actually do? A mortgage broker (should be a licensed one), acts as a middleman between you and potential lenders. Working in your behalf, your broker will find the best mortgage lenders available – those who offer the most competitive terms and rates. Your broker does all the legwork for you – gathering the required documents, checking your credit history, among other pertinent tasks. How does a mortgage broker earn money? A mortgage broker, Austin, TX is get paid by a commission for the services he/she renders. In the most common payment set-up, a broker charges you for a loan origination fee, which is about 1% of your loan amount. How to choose the right mortgage broker? There are a number of ways to consider to be able to find the right mortgage broker. […]
January 27, 2017

Busting Some Myths About VA Home Loans Santa Barbara, CA

One of the reasons why some mortgage loan borrowers experience a not-so-good loan shopping experience is that they do not do enough research before taking an offer or getting mortgage loan deal. If you are interested in VA home loans Santa Barbara, CA, it is imperative that you are familiar with the product so that you can get the best option for your unique condition. Here are some myths about VA home loans you should know: VA purchase loans are not for short-sale or foreclosed real estate – Myth The truth is, it can be used to buy a foreclosed and short-sale with as little as no money down. Those who are eligible for VA home loans Santa Barbara, CA may have an advantage over those who need up to 20% cash as down payment to qualify for conventional loans. Surviving spouses don’t qualify for VA loans – Myth The truth is, veterans, active duty and certain surviving spouses are eligible for VA home loan benefits. Qualified surviving spouses may borrow with no money down. In fact, they are exempt from paying the VA funding fee. Military members deployed overseas are not qualified for a VA-guaranteed loan – Myth The truth is, those military members who are assigned abroad can just sign a document called power of attorney, specifically designating a spouse (or somebody else) to act on their behalf for a VA loan transaction; the POA grants permission for the attorney in fact to act on behalf of VA-eligible […]
January 27, 2017

Ways a Mortgage Broker Can Help You, Tallahassee FL

What is a mortgage broker? In a simple definition, it is an individual or entity that acts as an intermediary brokering mortgage loans on behalf of individuals or businesses. In what specific ways a mortgage broker can help you in your quest for the best mortgage deals? Here are some: A mortgage broker can make a comprehensive analysis of your financial situation in order to find the best mortgage loan deals available the match your unique needs. A mortgage broker Tallahassee FL acts as your personal loan concierge – can do all the legwork for you. The broker applies for loans with various lenders on behalf of clients, making the best effort in finding and negotiating for the best deals in the market. A mortgage broker can also help you to get some loan fees waived for you. That is because most mortgage brokers have working relationships with several local, regional and even national lenders. A broker’s connection to different lenders will give you accessibility and one-on-one attention you likely will not find when you work directly with a loan officer at a bank. A mortgage broker will keep you updated on the home loan interest rates. This is imperative since the current interest rates on offer at banks is a huge factor to be considered in judging which home loan offer is the best for you. Your mortgage broker Tallahassee FL can also negotiate for a better home loan interest. Remember, a mortgage broker works for you and not […]
January 27, 2017

Some Myth About VA Loans Austin TX

It is important that you are familiar with VA loans Austin TX if you are interested to apply for this type of mortgage. Here are some myths (and facts) that you should be familiar with: VA purchase loans are not for short-sale or foreclosed real estate – Myth The truth is, it can be used to buy a foreclosed and short-sale with as little as no money down. Those who are eligible for VA loans Austin TX may have an advantage over those who need up to 20% cash as down payment to qualify for conventional loans. Surviving spouses don’t qualify for VA loans – Myth The truth is, veterans, active duty and certain surviving spouses are eligible for VA home loan benefits. Qualified surviving spouses may borrow with no money down. In fact, they are exempt from paying the VA funding fee. Military members deployed overseas are not qualified for a VA-guaranteed loan – Myth The truth is, those military members who are assigned overseas can just sign a document called power of attorney specifically designating a spouse (or someone else) to act on their behalf for a VA loan transaction; the POA grants permission for the attorney in fact to act on behalf of VA-eligible borrower. VA loans take forever to close – Myth The truth is, VA appraisals can be back in under 10 business days on average. There is a little difference between VA and conventional loans when it comes to getting to the finish line. […]
January 27, 2017

HomePlus Mortgage is on LendingTree’s Q3 2016 List of Top Home Lending Providers

HomePlus Mortgage continues to be one of the leading providers of mortgage loans not just in California but across different states where the company has a market presence. Various recognition it has received in the past are proof of the company’s high reputation in the home loan industry. In the recent report (released January 23, 2017) by LendingTree, a leading online loan marketplace, shows that HomePlus Mortgage made it to the 4th spot in its quarterly list of the top customer-rated network lenders for the third quarter of 2016; that is in the Home Lending category. The ranking results were based on the “actual customer reviews for the third quarter of 2016,” where a five-star quality review system was used for overall customer experience as determined by actual LendingTree users. The above-mentioned industry recognition is another yet a great achievement for HomePlus Mortgage and will inspire its team to strive more as the company continues to serve to fulfill its mission, which is to give everyone the right information about home financing before they get one, and “to provide customers with the highest level of customer service and the most competitive mortgage rate and term.” The company believes that homebuyers should “get a mortgage based on their financial situation and not based on the profit margins of the lender.” Why lots of customers prefer HomePlus Mortgage? Below are some of the advantages of working with HomePlus for mortgage loans: The company has the highest level of customer service Provides customers […]
December 22, 2016

Compelling reasons why go for home loan refinance Tampa FL?

When you go shopping for home loan refinance Tampa FL, you tend to be anxious on whether you are making the right decision or not. That is quite understandable considering that it involves some serious amount of money and thus, it just makes sense to exert extra effort to get the best deal available in the market today. To help you decide whether to go for refinancing or not, we have listed below some of its benefits (and you can call our office anytime if you want to know also about some of its limitations): Why refinancing might be a good option for you? Here are some compelling reasons why: It can lower your monthly repayment. It is considered as one of the best ways to help lower your mortgage payment and your interest rate. You can also enjoy fewer fees with it. However, you should: (1) have a good credit score and (2) your property value should exceed the refinance amount (along with some more other requirements) in order to qualify for home loan refinancing. (Again, don’t hesitate to talk to our experts at HomePlus Mortgage to learn more). It allows you to pay your mortgage off faster. Are you making more money now than what you were making when you bought your home? If so, you can consider home loan refinancing if you want to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always allowed based on the loan terms and […]
December 22, 2016

Why consider home loan refinance Ventura CA?

It’s understandable if you are pretty anxious on whether or not to go for a home loan refinance Ventura CA. After all, such option involves some serious amount of money and thus, you want to get the best deal available in the market today. To help you make the most appropriate decision, we have listed below some of the benefits of home loan refinancing (and you can call our office anytime if you want to know also about some of its limitations): It can lower monthly repayment. It is one of the best ways to help lower your mortgage payment and your interest rate. You can also enjoy fewer fees with it. It is important to remember, however, that you should have: (1) a good credit score and (2) your property value should exceed the refinance amount (along with some more other requirements) in order to qualify for home loan refinancing. (Don’t hesitate to talk to our experts at HomePlus Mortgage to learn more). It allows you to pay your mortgage off faster. Are you making more money now than you were making when you bought your home? If so, you can take advantage of home loan refinancing if you desire to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always permitted according to the loan terms, so refinancing is considered the best way to go for it.) It allows you to unlock the equity in your home. Home loan refinancing also provides […]
December 22, 2016

What are some benefits of home loan refinance Austin TX?

So, you are turning down the option of home loan refinance Austin TX. The following might make you to reconsider your decision. What are some benefits of home loan refinancing? An opportunity to lower monthly repayment. It is considered to be one of the best ways to help lower your mortgage payment and your interest rate. You can also enjoy fewer fees with it. It is important to note, however, that you should have a good credit score, your property value should exceed the refinance amount (along with some more other requirements) in order to qualify for home loan refinancing. (Don’t hesitate to talk to our experts at HomePlus Mortgage to learn more about this). An opportunity to pay your mortgage off faster. If you are making more money now than the income you were making when you bought your home, then you can take advantage of home loan refinancing if you want to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always permitted according to the loan terms, so refinancing is considered the best option.) An opportunity to unlock the equity in your home. Home loan refinancing also provides you an opportunity to access the equity of your home. That means to say, you can get a line of credit according to your home value and the amount that you have already paid on your mortgage. This gives you an ideal way to finance other projects you might have such as home […]
November 15, 2016

Qualities of a highly-qualified mortgage broker Sarasota FL

If you are shopping for mortgage in Sarasota FL, there is one person that can help you get the best deals in the market today: a mortgage broker. A mortgage broker bridges borrowers to their prospective lenders. However, the fact remains that not all them are equally trained, experienced and thus, you still need to be careful in hiring one – hire the most qualified mortgage broker Sarasota FL. These are some qualities of a highly-qualified mortgage broker: Good mortgage brokers are diligent. They always do their homework about multiple loan options to better serve their clients. They recognize that every buyer is unique – different incomes, different debts, and different financial situations. This is the reason why mortgage brokers who keep themselves updated with multiple options are a good prospect. They make prompt response to clients’ inquiries – be it through emails, phone calls, or by meeting in person. They recognize that clients can be anxious about their mortgage loans considering they involve some serious amount of money (big financial decisions). Thus, mortgage brokers always want to get their clients updated. They pay close attention to details. A good mortgage broker Sarasota FL is not only prompt but never skips details as well, most especially on loan products, fees, services, and the applicable mortgage laws in Florida. They are transparent to disclose any fees that will impact their clients’ financial condition, and they are knowledgeable to explain why their clients are having those payments. They provide enough time for […]
November 15, 2016

Some benefits of home loan refinancing Austin TX

If you are having a hard time deciding whether to refinance your mortgage or not, the following information can be useful for you to make the most appropriate decision. (If you have more questions about home loan refinance Austin TX, however, don’t hesitate to contact us at HomePlus Mortgage.) So here are some benefits of home loan refinancing: It can lower monthly repayment. Refinancing is considered as one of the best ways to help lower your mortgage payment and your interest rate. Apart from that, you can enjoy fewer fees, and other benefits. However, it should be noted that you need to have a good credit score, your property value should exceed the refinance amount, among other requirements in order to qualify for home loan refinancing. It allows you to pay your mortgage off faster. If you are making more money now than the amount you were making when you bought your home, then you can take advantage of home loan refinancing as this can make you pay your mortgage off faster. Paying more on your mortgage each month is not always allowed according to the loan terms, so refinancing could be the ideal option for you. It lets you to unlock the equity in your home. Home loan refinancing allows you to access the equity in your home. Meaning to say, you can get a line of credit based on your home value and the amount that you have already paid on your mortgage. Such opportunity gives you an […]