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❗🏡 𝗡𝗲𝘄 𝗰𝗼𝗻𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗹𝗼𝗮𝗻 𝗹𝗶𝗺𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗮𝗻𝗻𝗶𝗲 𝗠𝗮𝗲 𝗮𝗻𝗱 𝗙𝗿𝗲𝗱𝗱𝗶𝗲 𝗠𝗮𝗰 𝗺𝗮𝘆 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲! 😀Today's news means you may be able to qualify for 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲 𝗮𝘁 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗿𝗮𝘁𝗲, because a "conforming" loan often has a better rate than a "jumbo" loan that you would normally need for higher mortgage amounts.The conforming loan amount is going from $548,250 to $647,200 in 2022. Some areas of the country qualify for even higher limits, sometimes as high as $970,800. 𝗜𝗳 𝘆𝗼𝘂'𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘁𝗵𝗮𝘁 𝗮𝗳𝗳𝗲𝗰𝘁𝘀 𝘆𝗼𝘂, 𝗹𝗲𝘁 𝗺𝗲 𝗸𝗻𝗼𝘄 𝗮𝗻𝗱 𝗜'𝗹𝗹 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝗴𝗼 𝗼𝘃𝗲𝗿 𝗶𝘁 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂.𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽.#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Comment on Facebook
It's #GivingTuesday! 🤗❤️ To date, Norcom has contributed over half a million dollars to countless charitable organizations in our communities through our outreach division, Norcom Cares. To learn more about Norcom Cares and its philanthropic activities, please visit . If you are looking to give back, feel free to donate here: #NorcomCares ... See MoreSee Less
Ask neighbors about pros they trust! If you’re looking for plumbers, electricians or other pros, ask your neighbors. You tend to get decent advice if you get it from people who live near you. #TipTuesday ... See MoreSee Less
🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟵𝘁𝗵, 𝟮𝟬𝟮𝟭𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗲𝗿𝗲 𝗲𝗿𝗿𝗮𝘁𝗶𝗰 𝗯𝘂𝘁 𝗯𝗮𝘀𝗶𝗰𝗮𝗹𝗹𝘆 𝗲𝗻𝗱𝗲𝗱 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍 Average mortgage rates last week were generally worse heading into Thanksgiving, but on Friday started to see improvement after markets were shaken up by the announcement of a new covid variant and the reactions amongst different countries.𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️ It's tough to forecast how this week will play out for mortgage rates, as it will depend on how markets continue to react to this new covid issue. If concerns increase that this new variant could cause the global economic recovery to slow down, we could see that help mortgage rates hold steady or even improve a bit more. If instead this new variant is proven to be more benign and countries remove the travel restrictions recently set in place, it could pressure rates a bit.🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:- Economic data: Most economic data this week won't affect rates, however Friday we will see jobs data that could have an effect.- Omicron: Rates will be affected this week as we find out more about the newest covid variant and its affect on the global economy.- The Fed: Speculation of how the Fed will react to the recent events could play a small role in rates this week.#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Happy Hanukkah! 🕎 ... See MoreSee Less
Do you have a vacation rental that you are hoping to finance this holiday season? The process for securing financing for a short-term rental is different than a normal residence. So, read below to learn about lending options and how to get started.Traditional FinancingIf you’re buying your first vacation rental property, the most familiar option to you will probably be a traditional or conventional loan. A traditional loan offers some of the most competitive interest rates on the market — but also has some of the most restrictive lending requirements and is the least scalable option for investors looking to grow a property portfolio.Traditional lenders will generally look at two factors to qualify the loan: the creditworthiness and income. Most lenders allow a maximum debt-to-income ratio of around 43%.Asset-Based LoanUnlike a traditional loan, asset-based loans are evaluated by looking at the actual or potential income of a given property (rental income), rather than an individual borrower’s W2 income and debt-to-income ratio.Lenders will look at the income of the property and calculate the Debt Service Coverage Ratio (DSCR) to qualify the loan. This type of loan is a significant advantage to an investor because borrowing power is not constrained by individual income. There are options to consider when thinking about purchasing a second home. So, investigate the best available financing option when buying a vacation home. I am here to help you along the way! ... See MoreSee Less
Give me a call to see if refinancing can help you save some money this holiday season! 💰 🎁 203.526.9345 ... See MoreSee Less
Have a happy and healthy Thanksgiving! 🦃 🍁 ... See MoreSee Less
Just a little something to make you laugh... 😂🍗 𝗪𝗶𝘀𝗵𝗶𝗻𝗴 𝘆𝗼𝘂 𝗮 𝗵𝗮𝗽𝗽𝘆, 𝗵𝗲𝗮𝗹𝘁𝗵𝘆 𝗧𝗵𝗮𝗻𝗸𝘀𝗴𝗶𝘃𝗶𝗻𝗴! 🦃#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Working with a local lender is important! We are better suited to understand your specific needs and the financing options available to you. We are a part of your community. Reach out to learn more! Phone: 203.526.9345 Email: audra.santos@norcom-usa.com ... See MoreSee Less
English
Spanish
❗🏡 𝗡𝗲𝘄 𝗰𝗼𝗻𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗹𝗼𝗮𝗻 𝗹𝗶𝗺𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗮𝗻𝗻𝗶𝗲 𝗠𝗮𝗲 𝗮𝗻𝗱 𝗙𝗿𝗲𝗱𝗱𝗶𝗲 𝗠𝗮𝗰 𝗺𝗮𝘆 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲! 😀
Today's news means you may be able to qualify for 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲 𝗮𝘁 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗿𝗮𝘁𝗲, because a "conforming" loan often has a better rate than a "jumbo" loan that you would normally need for higher mortgage amounts.
The conforming loan amount is going from $548,250 to $647,200 in 2022. Some areas of the country qualify for even higher limits, sometimes as high as $970,800.
𝗜𝗳 𝘆𝗼𝘂'𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘁𝗵𝗮𝘁 𝗮𝗳𝗳𝗲𝗰𝘁𝘀 𝘆𝗼𝘂, 𝗹𝗲𝘁 𝗺𝗲 𝗸𝗻𝗼𝘄 𝗮𝗻𝗱 𝗜'𝗹𝗹 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝗴𝗼 𝗼𝘃𝗲𝗿 𝗶𝘁 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂.
𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽.
#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Comment on Facebook
It's #GivingTuesday! 🤗❤️ To date, Norcom has contributed over half a million dollars to countless charitable organizations in our communities through our outreach division, Norcom Cares. To learn more about Norcom Cares and its philanthropic activities, please visit . If you are looking to give back, feel free to donate here: #NorcomCares ... See MoreSee Less
Comment on Facebook
Ask neighbors about pros they trust! If you’re looking for plumbers, electricians or other pros, ask your neighbors. You tend to get decent advice if you get it from people who live near you. #TipTuesday ... See MoreSee Less
Comment on Facebook
🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟵𝘁𝗵, 𝟮𝟬𝟮𝟭
𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗲𝗿𝗲 𝗲𝗿𝗿𝗮𝘁𝗶𝗰 𝗯𝘂𝘁 𝗯𝗮𝘀𝗶𝗰𝗮𝗹𝗹𝘆 𝗲𝗻𝗱𝗲𝗱 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Average mortgage rates last week were generally worse heading into Thanksgiving, but on Friday started to see improvement after markets were shaken up by the announcement of a new covid variant and the reactions amongst different countries.
𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
It's tough to forecast how this week will play out for mortgage rates, as it will depend on how markets continue to react to this new covid issue. If concerns increase that this new variant could cause the global economic recovery to slow down, we could see that help mortgage rates hold steady or even improve a bit more. If instead this new variant is proven to be more benign and countries remove the travel restrictions recently set in place, it could pressure rates a bit.
🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Most economic data this week won't affect rates, however Friday we will see jobs data that could have an effect.
- Omicron: Rates will be affected this week as we find out more about the newest covid variant and its affect on the global economy.
- The Fed: Speculation of how the Fed will react to the recent events could play a small role in rates this week.
#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Comment on Facebook
Happy Hanukkah! 🕎 ... See MoreSee Less
Comment on Facebook
Do you have a vacation rental that you are hoping to finance this holiday season? The process for securing financing for a short-term rental is different than a normal residence. So, read below to learn about lending options and how to get started.
Traditional Financing
If you’re buying your first vacation rental property, the most familiar option to you will probably be a traditional or conventional loan. A traditional loan offers some of the most competitive interest rates on the market — but also has some of the most restrictive lending requirements and is the least scalable option for investors looking to grow a property portfolio.
Traditional lenders will generally look at two factors to qualify the loan: the creditworthiness and income. Most lenders allow a maximum debt-to-income ratio of around 43%.
Asset-Based Loan
Unlike a traditional loan, asset-based loans are evaluated by looking at the actual or potential income of a given property (rental income), rather than an individual borrower’s W2 income and debt-to-income ratio.
Lenders will look at the income of the property and calculate the Debt Service Coverage Ratio (DSCR) to qualify the loan. This type of loan is a significant advantage to an investor because borrowing power is not constrained by individual income.
There are options to consider when thinking about purchasing a second home. So, investigate the best available financing option when buying a vacation home. I am here to help you along the way! ... See MoreSee Less
Comment on Facebook
Give me a call to see if refinancing can help you save some money this holiday season! 💰 🎁 203.526.9345 ... See MoreSee Less
Comment on Facebook
Have a happy and healthy Thanksgiving! 🦃 🍁 ... See MoreSee Less
Comment on Facebook
Just a little something to make you laugh... 😂
🍗 𝗪𝗶𝘀𝗵𝗶𝗻𝗴 𝘆𝗼𝘂 𝗮 𝗵𝗮𝗽𝗽𝘆, 𝗵𝗲𝗮𝗹𝘁𝗵𝘆 𝗧𝗵𝗮𝗻𝗸𝘀𝗴𝗶𝘃𝗶𝗻𝗴! 🦃
#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Comment on Facebook
Working with a local lender is important! We are better suited to understand your specific needs and the financing options available to you. We are a part of your community. Reach out to learn more! Phone: 203.526.9345 Email: audra.santos@norcom-usa.com ... See MoreSee Less
Comment on Facebook