DDAMortgage

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DDAMortgage

DDAMortgage

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Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #propertytaxes

You have Conventional Mortgages, FNMA/FHMC, FHA, VA, Reverse Mortgages, Bank Statement loans, DSCR, Reverse Mortgages, and 1099 mortgages.
Depending on your particular situation, could be a choice based on
credit scores, income, funds to close
Buying a home using Bank statements to qualify for a mortgage
Buying a home using a 1099 only to qualify for a mortgage
Using rental income to qualify for a mortgage
Or being a first-time home buyer with just 1% down to purchase a home

tune in and learn more at https://www.ddamortgage.com/blog

didier malagies nmls#212566
dda mortgage nmls#324329

Didier Malagies nmls212566
DDa Mortgage nmls324329
#mortgage #mortgagetips #refinancing

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #credit #creditreport #creditscores

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #mortgageclosing

What if you refinanced your lower-rate first mortgage into a higher rate but consolidated all of your debt into one low payment. Getting rid of credit cards, car loans, installment loans, and student loans. What would your savings be a month and how much would you save? Then if property values were ever to plummet and rates came crashing down. Just go back to 2007 when we were able to refinance everyone on the HARP program. I just break things down to worse-case scenarios and how you can stay ahead of the game with your finances no matter what.

I think it is time to get the house in order and save money, doesn't seem like food , medical or anything is going down but instead still going up

Maybe everything we are told is not exactly correct

tune in and learn https://www.ddamortgage.com/blog

Didier Malagies nmls212566

dda mortgage nmls#324329

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #downpayment #firsttimehomebuyer

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #credit #creditreport
#triggerlist

First-time homebuyers put down 1%, and the lender gives you 2% towards the down payment, no strings, and no liens. You have 3% down and now work on getting the seller to pay closing costs of up to 3%.
Working on a loan right now where the purchase price is $238,000, the 1% down is $2,380 the lender is giving $4,760 and the seller is paying 6,000 of closing costs. so the remaining closing costs are 2,000.
The total out-of-pocket for the buyer is 4,380 for this home
How much does it cost to rent after paying first, last, and deposit?
You must be below the median income and a first-time homebuyer

Pretty exciting to put $2,380 for the down payment and $2,000 for closing costs to finally own a home. No second liens just one mortgage at 97%

tune in and learn more at https://www.ddamortgage.com/blog

Didier Malagies nmls212566
DDA Mortgage nmls324329

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #commerical #flipproperties #bridgeloans ##acquisition

DidierMalagies nmls212566
DDA Mortgage nmls324329
#mortgage #seniorliving #retirement #retirementplanning #reversemortgage

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #conventional #fha #firsttimehomebuyer

Didier Malagies nmls212566
DDa Mortgage nmls324329
#mortgage #seniors #retirement #retirementplanning #reversemortgage

Bridge loan to acquire, renovate, and stabilize a multifamily investment property. When the rents are under the market and the units are outdated. This program allows you to acquire a property below market value and make cosmetic upgrades to increase rents.
how about capitalizing the fit-up of retail/office investment property?
We also have flip-fix loans for residential.
6 to 24 months
loan amounts from $250k to 20 Million
Interest only
1 to 3-week closing times
tune in and learn more at https://www.ddamortgage.com/blog
Didier Malagies nmls212566
DDa Mortgage nmls324329

Do you not tell anyone that you have one? Are there others in similar situations
Spouse and has passed on, only fixed income such as social security. Are food costs going up along with Medical? It is time to get a HECM - a line of credit to help you in your later years of life, Have your children be involved and everyone learn how a Reverse Mortgage works. People have 401k's. there is equity in your home. what happens if you lose that opportunity and home prices go down? You don't have to rely on family members to help you when you have all the resources in your home.
tune in and learn more at https://www.ddamortgage.com/blog
Didier Malagies nmls212566
DDA Mortgage nmls324329

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #homestead #propertytaxes

Didier Malagies nmls212566
DDa Mortgage mortgage nmls324329
#mortgage #seniorliving #reversemortgage #reitrement #retirementplanning

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #nonqmloans #DSCRloans #investmentproperties

DSCR (Debt Service Coverage Ratio): DSCR is a financial ratio that measures a company's ability to meet its debt obligations. In the context of loans, it typically refers to the ratio of a property's net operating income to its debt obligations, including mortgage payments. A higher DSCR indicates a better ability to cover debt payments.

Non-Qualified Mortgage (Non-QM): Non-QM loans are mortgages that do not meet the standards set by government-sponsored enterprises like Fannie Mae and Freddie Mac. These loans are considered riskier and may have features that deviate from the traditional qualified mortgage criteria, such as interest-only payments or higher debt-to-income ratios.

Combining these concepts, a "dscr loan nonqm" might refer to a non-qualified mortgage where the lender considers the Debt Service Coverage Ratio as a key factor in determining the borrower's eligibility. This type of loan may be suitable for borrowers who don't meet the traditional mortgage criteria but can demonstrate a strong ability to cover debt payments based on the property's income.
tune in and learn more at https://www.ddamortgage.com/blog
Didier Malagies nmls212566
DDA Mortgage nmls324329

"12-month business bank statement loans" typically refer to a type of loan program where a borrower's income is determined based on their business bank statements rather than traditional income documentation such as tax returns or pay stubs. This type of loan is often categorized as a Non-Qualified Mortgage (Non-QM) because it doesn't meet the criteria set by the Qualified Mortgage (QM) rule.

In these types of loans, lenders may look at the business bank statements for the past 12 months to assess the borrower's income and ability to repay the loan. This can be advantageous for self-employed individuals or business owners who may have fluctuating income or non-traditional income sources.

Keep in mind that non-QM loans often come with higher interest rates and may have different qualifying criteria compared to traditional mortgages. Additionally, lenders offering these types of loans may have specific requirements and underwriting guidelines, so it's essential to carefully review the terms and conditions.

If you are considering a 12-month business bank statement loan, it's advisable to consult with a mortgage professional or a loan officer who specializes in non-QM loans. They can provide detailed information about the loan programs available to you, guide you through the application process, and help you understand the terms and conditions associated with these types of loans.
tune in and learn more at https://www.ddamortgage.com/blog
Didier Malagies nmls212566
DDa Mortgage nmls324329

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagepayment #mortgagetips #mortgageadvice

Didier Malagies nmls212566
DDA Mortgage nmls324329
#mortgage #mortgagetips #nonqm #bankstatementloan

Didier Malagies nmls212566
DDA Mortgage nmls324329
#sbaloans @commericallending #commercial

Didier Malagies nmls212566
DDA Mortgage nmls324329
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Didier Malagies nmls212566
DDA Mortgage nmls324329
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Created 2 years, 2 months ago.

310 videos

Category Business & Finance

Whether you are looking to buy a home / property now, or want to prepare for a future purchase, I enjoy helping people find and qualify for the best loan possible. As a Mortgage Broker with over 34 years of expertise, I value the relationships I have built with realtors, bankers, and past customers. I know that these relationships are based on the fact that I operate with integrity, put my clients first, and strive to offer the best customer experience in the state.