Allen Moniri - Essence Lending

Curious where your rent lands? DM to find out. Estimates only, based on 20% down, 7.25% rate & APR 7.38, 30-year fixed plus taxes & insurance. Actual payments vary. 📍TX

Waiting until you have 20% down just to avoid PMI could cost you WAY more than the PMI ever would. 👀

On a $500K home, the math might surprise you: $9,900 in PMI vs. potentially $80,000 in home-price appreciation.

Sometimes waiting is the expensive option.

Thinking about buying but worried you don’t have enough saved? DM me and I’ll help you run the numbers for your situation.

DSCR are great loans where you can qualify without showing personal income. DM me to find out more.

Same income. Different possibilities. 👀🏡
The right mortgage strategy could open the door to homeownership.
Let’s explore your options! DM me for more info📩

🏡 Thinking about changing jobs while you’re buying a home?

A job change can affect your mortgage approval, so always talk to your lender before making the move.

Your lender can help you understand how the change could impact your loan and make sure you’re not unintentionally putting your approval at risk.

When it comes to your mortgage, communicate first! 🔑

When your mortgage lender becomes your new buddy. 😃 Buying a house is a journey and there’s a text for every plot twist.

Can closing costs be included in the mortgage

Rates go up and down, but if you are comfortable with the monthly mortgage payments, you can buy now and refinance when the rates go down.

🏡 HIGH RATES AREN’T THE WHOLE STORY
Mortgage rates may be higher right now, but that doesn’t mean you’re out of options.
💰 SELLER-PAID RATE BUYDOWN
• A seller may contribute money toward lowering your interest rate
• Can be structured as a permanent or temporary buydown
• A permanent buydown can lower your rate for the life of the loan
• A temporary buydown can lower your payment for the first 1–3 years
⚠️ IMPORTANT CATCH
• You still have to qualify based on the applicable full interest rate
• A buydown can lower your payment, but it doesn't necessarily mean you qualify for a larger loan
🔑 THE TAKEAWAY
Don’t just look at the interest rate. Look at the entire deal.
There may be strategies that can make buying a home more affordable than you think. DM for more info.

“I forgot to tell you something…” 😳

Every mortgage broker’s favorite sentence. 😉😂

Because the next words could be:

“I opened a credit card.”
“I changed jobs.”
“I bought a car.”
“I moved some money.”

…and suddenly we’re having a VERY different conversation. 🫠

Tell your mortgage broker EVERYTHING.