Welcome Home!
Southwest Plantation, Home of Bear Trail Golf Club - Jacksonville, NC's premiere all-inclusive community
Monday, February 4, 2013
Friday, January 25, 2013
Monday, January 7, 2013
Mortgage Monday: Payment Shock
What is payment shock and how does it affect your mortgage approval?
When the underwriter is reviewing your mortgage application, they will look at what you are paying for your current rent or mortgage compared to what your new estimated mortgage payment will be. If the new payment is estimated at a considerable amount higher than what you are currently paying, it is considered “payment shock”.
What do the underwriters look at to counter this payment shock? If your new payment will be increasing by $500/month, underwriters will look to see if you have been able to maintain at least this much in liquid assets. If you haven’t, it’s not to say that you won’t be able to get an approval on your application, but they will then review the rest of your file to see what other positive factors you have.
Contact me today for more information.
Danielle Hifko
New American Mortgage
910-581-6398
When the underwriter is reviewing your mortgage application, they will look at what you are paying for your current rent or mortgage compared to what your new estimated mortgage payment will be. If the new payment is estimated at a considerable amount higher than what you are currently paying, it is considered “payment shock”.
What do the underwriters look at to counter this payment shock? If your new payment will be increasing by $500/month, underwriters will look to see if you have been able to maintain at least this much in liquid assets. If you haven’t, it’s not to say that you won’t be able to get an approval on your application, but they will then review the rest of your file to see what other positive factors you have.
Contact me today for more information.
Danielle Hifko
New American Mortgage
910-581-6398
Tuesday, December 11, 2012
Mortgage Tip: Perfect Time to Refinance
What is your current mortgage interest rate? Rates have significantly dropped and have started to steady right between three and four percent.
When is it a good time to refinance? A lot of mortgage professionals may estimate a savings of 1.00% interest rate to be worth your while.
What are the costs of refinancing? There are fees associated with refinancing such as attorney, title, interest, etc, however, the mortgage lender may be able to cover part or all of these fees for you.
We now offer a new program for VA refinances that allows you to refinance without a new appraisal being required!
Call me today for more details:
Danielle Hifko
910-581-6398
Sunday, December 9, 2012
Stationery card
Snowy Window Christmas Card
Click here to browse our Christmas card designs.
View the entire collection of cards.
Wednesday, December 5, 2012
Thursday, November 8, 2012
And the Winners Are...
Congratulations to our B-I-G CASH Winners from yesterdays
Grand Opening for Lake Carolina Homes!
$500 CASH Winners
- Karen Lewis, Prudential Hometown, REALTORS
- Christy Grifaldo, Grifaldo Properties
$250 CASH Winners
- Sheri McDermott, Coldwell Banker Sea Coast Advantage Jacksonville
- David Zarghami, HomeTown Real Estate
- Karen Eldred, Century 21 American Properties West
- Jasmin Luckett, Prudential Hometown, REALTORS
- Lisa Darby, Prudential Hometown, REALTORS
- Audrey Gaffney, RE/MAX Home Connections
- Carolyn Hall, Coldwell Banker Sea Coast Advantage Jacksonville
- Carol Tusing, Century 21 Champion Real Estate
Thank you again to everyone that attended the Open House!
*Winnings are available for pick-up at the Southwest Plantation Sales Center.
(Sales Center CLOSED Friday, November 9th)
Subscribe to:
Posts (Atom)