To Renovate or Not

Have you been dreaming of a new kitchen?  Updated bathrooms? A pool? New flooring and more? You don’t necessarily have to move to find these things when you use a Renovation Loan.  You can refinance or purchase a home that needs renovation under one of our Renovation Loan programs. The possibilities are truly endless.

Whether you are looking to modernize, remodel, make your home more energy efficient, put in an out building or more, the Renovation Loan can help. You can let your imagination run wild.  Of course the “bones” of the house can be updated using this type of loan including new roofing, gutters, downspouts, plumbing and more.

Another great feature of the Renovation Loan is that it can be used on primary residences, second homes and even investment properties.  With a low minimum credit score requirement of 620, many will be eligible to take advantage of making their home a bit more customized and updated.

Contact us today to learn more and to discuss your options.

100% Financing with Down Payment Assistance is back

Has saving for a down payment been one of the biggest obstacles in buying a home?  Do you want to hold on to your savings?  If you answered yes to either of those questions, our Down Payment Assistance program may be the perfect fit.

Down Payment Assistance is essentially a loan for the down payment that is repayable as a 10 year second mortgage on the property.  For example, on a $150,000 home, the down payment for an FHA loan would be 3.5% or $5,250.00. With down payment assistance, you would not need to come up with those funds, but rather, you would pay it down over a 10 year period as part of your monthly housing expenses.

In order to qualify, there are income restrictions, debt-to-income limits, credit score requirements and other underwriting guidelines.  Want to learn more about reaching the American dream of home ownership? Contact us today or fill out an online application on our website and we will assess your home financing options to see if Down Payment Assistance is a good fit based on your specific circumstances.

Note: Success Mortgage Partners is not acting on behalf of or at the direction of HUD/FHA or the federal government.

Perception isn’t always reality

We live in a world where perception is reality and we all want it now.

Take five minutes to watch TV and you will see where companies are convincing consumers that a mortgage is as simple as one, two, three in five minutes on an app on their phone. While that may provide an instant decision, nine times out of 10, it’s not the real deal.

Consumers perceive this to be a benefit initially, but in the weeks to come they find themselves in situations where they no longer qualify, money is invested and or lost, or they are settling for a loan structure that is far different from what their initial decisions were made. This is a huge disservice to the consumer and our industry.

At the Holly Walther Team, we offer personalized home loan recommendations, great rates and superior communication and customer service.  Contact us today and welcome to the family.

Be Careful, Dr. Google!

I believe technology to be both a blessing and a curse.  While it provides the consumer access to information, it can also provide them the wrong information.  (Think what happens when you Google your symptoms, you become Dr. Google and think your headache is a brain tumor).

Not all situations are the same. 

A mortgage is the biggest financial decision most will make in a lifetime.  Clients need to ensure they are working with someone who appreciates this and is willing to take the time to understand their goals.  In society we are so programmed to focus on interest rate; while the rate is important, they need to consider so much more.

Payment– is it affordable and ideal for their situation.

Cash– are they leaving themselves ample reserve to protect themselves and family, as well for future improvements or repairs.

Tax– are they maximizing their tax savings, offsetting some of the payment costs?

Term– do they understand the term they are choosing and the long-term benefits? Is the term they are selecting preparing them to meet their retirement and goals towards financial freedom?

Investment– have all the above been reviewed and considered to maximize their long-term return?

We are prepared to discuss and help you consider the above issues and more when choosing the best mortgage product. Contact Holly and team at 404-436-0013 or hollyw@hollywaltherteam.com.