During this COVID-19 epidemic we are having, there are lots of changes in the Mortgage Market. One of which is offering forbearance to those who need help skipping mortgage payments while they are having struggles with employment. These payments do not just get added to the end of your note! It’s extremely important that you understand how the proc…

Mortgage Questions Answered is back!! Season 3 starts off with 3 common down payment myths! Excited to hear from you guys!! Reach out with questions you have and the next message could be just for YOU! You can also follow me on Facebook and Insta @summerg_dallas

Mortgage questions answered! What is an ARM? Adjustable rate mortgages get a bad rep!! What’s it REALLY all about? Will it work for you?Call me to find out!!! • • • • • #mortgage #realestate #renovationloans #properties #HomeSale #realty #housing #househunting #CreditScore #mortgagebroker #broker #renovated #loan #homesforsale #newhome #milliondoll…

What’s the difference between a pre-qualification (aka “pre-qual”) and a pre-Approval? It’s a huge difference! And it can affect securing the contract on a home!! • • • • • #mortgage #realestate #renovationloans #properties #HomeSale #realty #housing #househunting #CreditScore #mortgagebroker #broker #renovated #loan #homesforsale #newhome #million…

What does escrow mean? Are you “IN” escrow? My taxes and insurance “ARE” escrowed? What the heck does it all mean!?Loving the questions coming in! Please send more!! • • • • • #mortgage #realestate #renovationloans #properties #HomeSale #realty #housing #househunting #CreditScore #mortgagebroker #broker #renovated #loan #homesforsale #newhome #mill…

What is APR? Why does it look like an interest rate? Is this what my payment is based on? Why is it different than the rate I was quoted? Breaking it down in terms we can ACTUALLY understand!!! • • • • • #mortgage #realestate #renovationloans #properties #HomeSale #realty #housing #househunting #CreditScore #mortgagebroker #broker #renovated #loan …

Mortgage questions answered! Part three of what happens after I go under contract! What does processing & underwriting mean?Understanding what happens during the mortgage process will make things significantly less stressful! Having a lender who is GOOD at these things is even more critical!You can have the best interest-rate in the world but if yo…

Part 2 of what happens after I go under contract? Having good expectations of what happens next will help relieve a lot of the stress of the mortgage transaction! I’ll walk you through step-by-step! Would love to hear from you! Please send any mortgage questions you have in the next video could be just for you! • • • • • #mortgage #realestate #reno…

Part one of the homebuying process after you execute a contract to purchase a new home! What to expect from my real estate agent, my title company and my mortgage professional! Hashtag

Mortgage questions answered! How important is it for my lender to know my real estate agent? Another spoiler alert, it’s SUPER important!! Your Lender and your Realtor work together with your Title company to get you to the finish line! not only getting you to closing but getting your contract negotiated from the very beginning!! Love all the quest…

Mortgage questions answered!Today’s question, does it really matter what lender you work with?Spoiler alert... OF COURSE IT DOES!!! There are a few key questions that your loan officer should be asking! If they aren’t, you need a new lender!! Always here to answer any questions you may have! Shoot me a message and the next video could be just for y…

Mortgage questions answered! What are discount points and origination fees? In our previous segment we talked about the 3 things on a loan estimate; 1. lender fees2. title company fees3. prepaid feesThis segment answers what are those origination/discount fees? And what makes them different from one mortgage loan officer to another? Have more detai…

Mortgage questions answered! Today, What am I looking for on the loan estimate when my lender sends me numbers? What makes one lender different from another? Shopping for a mortgage can be stressful! Especially if you’re not quite sure what you’re looking at! The breakdown of what the numbers are and how they affect you are important! Please reach …

Mortgage questions answered! Today, How soon is too soon to get pre-approved? Know your numbers! Why it’s important to get a pre-approval early! • • • • • #mortgage #realestate #renovationloans #properties #HomeSale #realty #housing #househunting #CreditScore #mortgagebroker #broker #renovated #loan #homesforsale #newhome #milliondollarlisting #rea…

Mortgage questions answered! Know your numbers! What does that mean? What numbers do I need to know? How do I find out? How can this affect me getting a mortgage? The top numbers that lenders will need to review to determine your eligibility to purchase a new home! Follow my other mortgage questions on my podcast “Summer Garrett DFW Mortgage Lender…

Mortgage questions answered! Today, does a lease payment on a car count against my DTI? Knowing your numbers is key when qualifying for a mortgage. One of the biggest numbers that determines qualifying is your DTI, debt to income ratio! Check out the latest video for details, and of course, message me your questions and the next video can be yours!…

Mortgage questions answered! Today’s question, what is DTI? Your debt to income calculation is crucial in qualifying for a mortgage loan! This is what sets the price range of the home that you are able to go shopping for! Sometimes known as your “affordability”. Would love to hear more of your mortgage questions! Shoot me a message and the next vid…

Answering commonly asked Mortgage questions! Today, what is needed for a pre-approval, submitting the application and the most important documents needed to get an accurate reflection of what you can qualify for with estimated monthly payment and closing cost!

Mortgage questions answered! Today we are talking about down payment assistance programs! Who can qualify for them? What are the restrictions? How much can you get? What are the interest rates? Listen in and let me know if you have questions or are looking for additional details! And of course, if you have a mortgage related question, let me know! …

Answering Mortgage questions! Today is Part 3 of how renovation loans work! What does the actual loan process look like? How do they know how to value the property? What role does the homeowner play in making sure the contractor is paid?

Today is Part 2 of how renovation loans work, hiring the right contractor, getting the correct information and the rest of the loan process! Have a mortgage question? Message me and the next video can be yours!

Today is part one of how renovation loans work and how you were able to roll in these costs into the mortgage note! Have other mortgage questions? Reach out!

When shopping for a mortgage, can I have my credit pulled by multiple mortgage lenders without it hurting my credit score?

Today we chat about the different options of adding a pool to your financing! Have another mortgage related question? I’ve got the answer! Send me a message to have your questions answered!

Answering mortgage related questions, how do you gift funds work? Who can I receive gift funds from? And how is it documented?

Answering Mortgage questions for homebuyers, can closing cost be borrowed?