Mortgage101

Active and retired military personal (if eligible) can buy a primary residence with no money for the down payment, which is 100% financing of the purchase price. If you are looking to buy a house in California or Arizona utilizing the VA home loan program, I welcome the opportunity to connect with you and discuss the VA purchase program with you. 

Podcast about credit - https://www.podbean.com/eu/pb-89gby-d8fa2a

Podcast about waiting periods - https://www.podbean.com/eu/pb-u2s64-d63be5

Please call, text or email me with any questions, 

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #[email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

How does a mortgage payment increase when on a fixed interest rate? There are 2 main reasons for the monthly mortgage to increase. The property taxes and/or the homeowner's insurance policy increased causing your escrow account to become short. 

Review your property tax statement each year to see what your property value is assessed at. 

Please call, text or email me with any questions, 

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #[email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

Buying or Refinancing a house you will need to qualify with income and debt, known as your debt to income ratio, what income comes in that can be verified versus what debt is going out.

FHA, Conventional, VA, and USDA have different qualify debt ratios for the front in which is total monthly house expense and back end debt ratio which is monthly house expense along with monthly debt obligation such as but limited to credit card debt, student loans, auto loan, and other installment obligations

Please call, text or email me with any questions,

Nathan Rufty Mortgage Loan Originator CA Call or Text: 909-503-5600 AZ Call or Text: 623-850-1210 eFax: 888-837-2861 CA & AZ NMLS #292056 [email protected] www.NathanRufty.com Check Out Our Rates Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

Mortgage Interest Rates are determined on 8 factors, Middle Credit Scores, Loan Program, Purpose of the loan, Loan to Value, Property Type, Loan Term, Interest Rate Type, and Location of the subject property.

 

Please call, text or email me with any questions, 

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #[email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Lice

You will need money to buy a house with upfront funds, down payment and closing cost. In this podcast, we will touch on each of those areas. 

Podcast on down payment https://www.podbean.com/eu/pb-3ims7-d79025

 

Please call, text or email me with any questions, 

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #[email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

Credit is everything when buying or refinancing a house, you can have the income and assets but your credit can hurt your chances of buying a house. You need to take control of your credit and increase the scores as much as you can to be able to get the best financing possible. 

Credit Score Podcast https://www.podbean.com/eu/pb-dmrsg-d6deaa

What you need to do to clean up your credit Podcast https://www.podbean.com/eu/pb-s6569-d13f94

Please call, text or email me with any questions, 

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #[email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

When to get pre-qualified to buy a house. You should do this step first so you know if you are in the position to buy a house or need to work on your credit, income, and assets. There is no point in looking at houses if do not know if you can purchase or not. 

A podcast about credit: https://www.podbean.com/eu/pb-dmrsg-d6deaa

A podcast about down payment https://www.podbean.com/eu/pb-3ims7-d79025

Connect with me at

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210

eFax: 888-837-2861CA & AZ NMLS #292056Email Me: [email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

You do not need 20% down payment to buy a house in California or Arizona. You can buy a house with no money down to as little as 3% down payment of the purchase price. You must qualify with income, debt ratio and credit for each home loan program with USDA, FHA, VA, and Conventional.

here is the podcast that goes over credit https://www.podbean.com/eu/pb-s6569-d13f94

Connect with me at

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #292056Email Me: [email protected] Out Our Rates

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

Credit scores needed to buy a house in California or Arizona on the FHA, VA, Conventional, USDA or Down Payment Assistance Home loan program? 

Podcast about credit https://www.podbean.com/eu/pb-s6569-d13f94

Nathan RuftyMortgage Loan Originator 

CA Call or Text: 909-503-5600

AZ Call or Text: 623-850-1210eFax: 888-837-2861CA & AZ NMLS #[email protected] www.NathanRufty.com

 

Privacy: This e-mail may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify the sender immediately, and do not use, copy, or disclose to anyone any of the contents hereof. State Licenses

Waiting Period buy a house after a foreclosure for FHA, VA, USDA and Conventional.