Fannie Mae recently announced that they have raised the loan limits on conforming single-family loans to $647,200. 

What does this mean for you?  

It means that you have more borrowing power on these loans. 

We can provide higher loan amounts at the same great rates for a conventional loan product, without having to price these loans for properties around 800k at jumbo rates!  Check out the video to learn more, and if we can help with questions, give my team a call!  

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

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LinkedIn - https://www.linkedin.com/in/timhartjr/

Last week we put a video explaining the changes coming for flood insurance and this week I got a chance to talk with Brain Chapman of Chapman Insurance.

We wanted to speak to Realtors and try to give you tips to help your Sellers and Buyers. These changes are coming and the increases are not going to be pretty.

Check out the video to learn more.

Here are a few of the pointers that we discussed.

Those are some of the items we discussed. Hopefully this helps you make money, save money or save time. Hopefully all three! 😊

Call my office anytime if we can help!

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

If you live in a flood zone or want to own a house in a flood zone, you will want to tune in for this video.  

Connie Galewski of Avalon Insurance and I talk about the increases in flood insurance that has started on 10/1/2021.  

These price increases will vary on how far away from the water the property is but you can be sure that it will increase.  

Main points we cover:  

• Existing NFIP flood insurance owners will see an 18% increase cap until the house hits the premium that FEMA thinks it will be.  

• The existing NFIP policy can be transferred to new buyers so that will be a short term benefit to buyers and sellers.  

• Buyers that are buying a house from an owner that is in a flood zone but does not have flood insurance will be subjected to the full premium set by FEMA  

• Sellers in a flood zone need to have their current policy information ready to be disclosed so the new buyers can assume the current policy. 

  Hopefully this information helps you or someone you know navigate these insane changes. By the way, if you are and about this, be sure to email your congressman and state rep. This is a Federal program.  

Reach out anytime I can help. Always here to serve!  Have a rate day!   

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

We Saved a Borrower $2,262 a Month!!   

Yes, you read that right!   

We were able to use the equity in their home to pay off credit cards and current mortgage to save them $2,262 a month!   

Let me say it again ……. $2,262 a month in savings! That is life changing!  

This is called a cash out refinance and many people are looking towards this to pay off their credit cards and/or installments loans. We closed several last month that saved people hundreds of dollars a month.   

Homeowners in Florida have more equity in their home than they think. You may be surprised!    

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

In this hot market, manufactured homes are usually more affordable for buyers.  

There are some things you need to look out for when you are looking at manufactured homes and financing is needed.  

I cover them in the video but the main points are as follows.  

• Built after 1976 

• Own your own land 

• Has to be a doublewide  

We finance these loans with all types of financing. Please call our office at 239-437-4278 if we can help with this or any other financing question.  

Thanks!

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

On 7/16 Fannie Mae and Freddie Mac decided to remove the 50 basis points fee that were adding to the rate of all conventional loans. 

This was added after COVID and I am super happy it is being removed. 

The removal of this costs will decrease rates by about .25% for most borrowers.  

Maybe you or someone you know felt the rates were to high or that it was not enough savings. Could be time for another look.   

Let me know if you have any questions or concerns.  

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

I am super pumped to have this product back. We can actually have your buyers fully underwritten without having a property under contract.

This means when your buyer makes an offer you can tell the listing agent that all we need is the appraisal and title and we can move on to closing.

This is as close to cash as you can get.

Also, when you make an offer with one of these underwritten pre-approvals we will contact the listing agent for you. This will help your buyer get their contract accepted in a competitive market.

Please reach out to myself or anyone on my team to learn more about this program

You can also check out this video to learn more

Have a rate day!

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

Our industry was pleasantly surprised to see FHA change their stance on deferred student loans. This rule change will allow many borrowers that have student loans to now qualify or qualify for more.  

In the past FHA has made us use 1% of the loan balance as an estimated monthly payment for qualification purposes. 

They have decreased that to .5%  It does not seem like much but on average it will be around $40k in borrowing power.  

Check out this video to learn more.  

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

Do I need 20% Down?

I’m saving money to get my 20% down.

I have these type of conversations a lot. You do not need 20% to put down on a home. It is a great help to have 20% but not required. You have other options.

Check out this video and let me know in the comments what you think. We are always here to help If you have more questions about buying a home.

Have a rate day!!

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/

Going through the mortgage process can be stressful. Don’t let anyone tell you it is a cakewalk. Sometimes the process is ultra-smooth with zero issues and you barely know you bought a home. Others can be like a roller coaster at Busch Gardens. 

In this episode I offer up three tips to help buyers prepare for the mortgage process. 

Hopefully this helps them have the proper expectations as they move towards home ownership.  

If I can ever help please call me at 239-437-4278.  Thanks and have a RATE day!  

I do Mortgages for a living, if I can ever help you buy or refinance a home let me know!

· Apply for a mortgage now at https://timhart.floify.com/apply-now

· TEXT “APPLY” to 239-437-4278

· Call me or text me 239-910-5668

· Talk to my team were here to help! 239-437-4278

· Check out my website www.TimHartJr.com

Connect with me on Social Media

YouTube - http://bit.ly/2Ourk8c

Instagram - https://www.instagram.com/timhart453/?hl=en

Facebook - https://www.facebook.com/TimHartJr

LinkedIn - https://www.linkedin.com/in/timhartjr/