Are you missing the opportunity to own a home because you fear the down payment and closing costs?  Many of my clients are surprised that owning a home may be much less costly than what mainstream “financial experts” tell you.  For instance, every state has resources for down payment or closing costs targeted towards affordable home options.  These programs may be the answer to owning vs. renting.  Let’s talk if you would like to learn more about available down payment or closing cost assistance!
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Are you missing the opportunity to own a home because you fear the down payment and closing costs?  Many of my clients are surprised that owning a home may be much less costly than what mainstream “financial experts” tell you.  For instance, every state has resources for down payment or closing costs targeted towards affordable home options.  These programs may be the answer to owning vs. renting.  Let’s talk if you would like to learn more about available down payment or closing cost assistance!

ByBrandon Butler

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What is an “Access Letter” for jointly owned bank accounts?  Many times, people own a bank account jointly, which means that either person may be able to access the funds in the account. Sometimes, only one person on the account is buying a property, and they plan to use some of those funds to buy a home.  When this happens, the home financing lender may or may not request a letter from the other account holder(s) verifying that the person buying the home has full access to the account. If you have questions about whether this may affect your next home loan, let’s talk!
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What is an “Access Letter” for jointly owned bank accounts?  Many times, people own a bank account jointly, which means that either person may be able to access the funds in the account. Sometimes, only one person on the account is buying a property, and they plan to use some of those funds to buy a home.  When this happens, the home financing lender may or may not request a letter from the other account holder(s) verifying that the person buying the home has full access to the account. If you have questions about whether this may affect your next home loan, let’s talk!

ByBrandon Butler

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Do you have a lot of cash in the bank, but do not have the income needed to purchase the home you want? This can be frustrating for many clients as they have accumulated assets over the years and plan on using those funds to cover all or part of their house payment each month.   If so, you may qualify for a loan using a method called “Asset Depletion.”  This program is available to borrowers aged 62 or older, purchasing a primary residence and putting down at least 20%.  If this sounds interesting to you, let’s chat!
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Do you have a lot of cash in the bank, but do not have the income needed to purchase the home you want? This can be frustrating for many clients as they have accumulated assets over the years and plan on using those funds to cover all or part of their house payment each month.   If so, you may qualify for a loan using a method called “Asset Depletion.”  This program is available to borrowers aged 62 or older, purchasing a primary residence and putting down at least 20%.  If this sounds interesting to you, let’s chat!

ByBrandon Butler

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Manufactured Home Update! Conventional financing using temporary buydowns is now available for manufactured homes. This includes single-wide or larger. This is excellent news in a higher-rate environment because it can lower your payment for the first couple of years. If this sounds interesting, please DM me, and let’s talk!
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Manufactured Home Update! Conventional financing using temporary buydowns is now available for manufactured homes. This includes single-wide or larger. This is excellent news in a higher-rate environment because it can lower your payment for the first couple of years. If this sounds interesting, please DM me, and let’s talk!

ByBrandon Butler

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Big Win for ARM Financing!  Fannie Mae will now use the Note rate to qualify a borrower on a 7 or 10-year ARM.  Previously, they required the borrower to qualify at the higher of the note rate or the fully indexed rate.  7 & 10-year ARM rates are generally lower than fixed-rate financing and may be a good fit for clients who only need a fixed rate for a 7-10 period of time. If this option sounds interesting to you, let’s talk!
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Big Win for ARM Financing!  Fannie Mae will now use the Note rate to qualify a borrower on a 7 or 10-year ARM.  Previously, they required the borrower to qualify at the higher of the note rate or the fully indexed rate.  7 & 10-year ARM rates are generally lower than fixed-rate financing and may be a good fit for clients who only need a fixed rate for a 7-10 period of time. If this option sounds interesting to you, let’s talk!

ByBrandon Butler

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When you finance a home, there may be circumstances where a co-signer who is not occupying the property you are buying helps you out quite a bit! There are multiple reasons why someone would consider using a co-signer, but the most important thing to remember is that it could affect your required downpayment. That’s why it is essential to talk with your lender first! So let’s talk if you are considering adding a co-signer to your home loan!
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When you finance a home, there may be circumstances where a co-signer who is not occupying the property you are buying helps you out quite a bit! There are multiple reasons why someone would consider using a co-signer, but the most important thing to remember is that it could affect your required downpayment. That’s why it is essential to talk with your lender first! So let’s talk if you are considering adding a co-signer to your home loan!

ByBrandon Butler

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Let’s Dispel the Down Payment Myth! You do not need 20% down to buy a home! Did you know that there are programs that assist you with the entire down payment and closing costs for your new home? If this sounds interesting, let’s talk about your situation to find out if there is a solution for you!
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Let’s Dispel the Down Payment Myth! You do not need 20% down to buy a home! Did you know that there are programs that assist you with the entire down payment and closing costs for your new home? If this sounds interesting, let’s talk about your situation to find out if there is a solution for you!

ByBrandon Butler

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Did you know that each state offers real estate tax exemptions for some homeowners? These exemptions vary by state, and the requirements to apply for the exemption are also different.  If you are curious about the real estate tax exemptions in your state, let’s talk!
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Did you know that each state offers real estate tax exemptions for some homeowners? These exemptions vary by state, and the requirements to apply for the exemption are also different.  If you are curious about the real estate tax exemptions in your state, let’s talk!

ByBrandon Butler

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Can you buy a home if you have delinquent taxes with the IRS?  Lenders will provide financing for your home as long as you have a repayment agreement with the IRS and there is no indication that a lien will be filed against you.  If delinquent taxes to the IRS is holding you back from buying a home, let’s talk! 
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Can you buy a home if you have delinquent taxes with the IRS?  Lenders will provide financing for your home as long as you have a repayment agreement with the IRS and there is no indication that a lien will be filed against you.  If delinquent taxes to the IRS is holding you back from buying a home, let’s talk! 

ByBrandon Butler

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How is Cryptocurrency/Virtual Currency used to purchase a home?  Cryptocurrency is considered an asset to purchase a home. However, this asset must be converted into US dollars and deposited into a US bank account to be used for purchasing a home.  If you have questions, let’s talk!
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How is Cryptocurrency/Virtual Currency used to purchase a home?  Cryptocurrency is considered an asset to purchase a home. However, this asset must be converted into US dollars and deposited into a US bank account to be used for purchasing a home.  If you have questions, let’s talk!

ByBrandon Butler

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Have You Heard of Delayed Financing?  In competitive home buying markets, some buyers will choose to offer cash for the property to win the bid.  Once they close, they can immediately refinance their home under “delayed financing” to recoup their investment.  If this sounds like a strategy you are curious about, let’s talk! 
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Have You Heard of Delayed Financing?  In competitive home buying markets, some buyers will choose to offer cash for the property to win the bid.  Once they close, they can immediately refinance their home under “delayed financing” to recoup their investment.  If this sounds like a strategy you are curious about, let’s talk! 

ByBrandon Butler

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Fannie Mae Updates Medical Collection Rules!  Medical collections are no longer required to be paid off.  This is not true of all collections, so if you have a collection, let’s talk and find a great solution for you to finance a new home or refinance your current home.
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Fannie Mae Updates Medical Collection Rules!  Medical collections are no longer required to be paid off.  This is not true of all collections, so if you have a collection, let’s talk and find a great solution for you to finance a new home or refinance your current home.

ByBrandon Butler

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Real Estate Agents!  Big news just released from Fannie Mae!  You can now use your real estate commission for your down payment.  Previously, your real estate commission could only be used for closing costs.  Let’s talk about sharing this great news in one of your sales meetings.
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Real Estate Agents!  Big news just released from Fannie Mae!  You can now use your real estate commission for your down payment.  Previously, your real estate commission could only be used for closing costs.  Let’s talk about sharing this great news in one of your sales meetings.

ByBrandon Butler

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Did you know you can purchase a 2-4 unit property, live in one of the units, rent the other units, and cover all or most of your house payment? It’s true! I have many clients buying and financing this type of property to build equity and let the renters pay for a portion of their house payment. The programs to finance this type of home are the same programs for single-family homes. If this sounds interesting, let’s talk!
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Did you know you can purchase a 2-4 unit property, live in one of the units, rent the other units, and cover all or most of your house payment? It’s true! I have many clients buying and financing this type of property to build equity and let the renters pay for a portion of their house payment. The programs to finance this type of home are the same programs for single-family homes. If this sounds interesting, let’s talk!

ByBrandon Butler

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If you are on the fence about owning a home, a recent study from the Federal Reserve highlighted the wealth difference between homeowners and renters. As you can see in the image, homeowners have a 40x higher median net worth than renters! You may be surprised by how economical it is to buy a home, so let’s talk about making this happen.
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If you are on the fence about owning a home, a recent study from the Federal Reserve highlighted the wealth difference between homeowners and renters. As you can see in the image, homeowners have a 40x higher median net worth than renters! You may be surprised by how economical it is to buy a home, so let’s talk about making this happen.

ByBrandon Butler

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