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Fadi May 19, 2021

What is PMI?

Have you taken out a home loan with a down payment of 20% or less?…

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Fadi May 19, 2021

What are Mortgage Points and Should You Pay Them?

As a first-time home buyer in Michigan, you may get confused and overwhelmed by some of…

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Fadi May 19, 2021

What is Escrow Payment and How Does it Work?

While escrow accounts have now become synonymous with the important home closing process, not many…

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Fadi April 9, 2021

First Time Home Buyer Grant and Down Payment Assistance Loan in Michigan

Are you planning to buy your first ever home, and wondering if you qualify for…

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Raw/uncut/unscripted. Story from 0 loans in processing, 0 realtor contacts to 50-70 agent sphere with 26 loans in process.

Brokers are Better Strategies/Ideas Session - Hosted by Fadi Sankari from Best Rate Mortgage

YouTube Video VVU2UmdYYl91Z0g1enp4U2lQcGlDV2xnLlI4bWY2blRaSzVV

How to eliminate private mortgage insurance:

1) Get a copy of your mortgage statement

2) Take note of the loan amount remaining.

3) Use a good reputable tool to assess the value of your home (the major one you are probably thinking of is not reputable)

4) Divide the Loan Amount Remaining from (2) by the market value from (3)

5) If the result is less than or equal to .80 then you are eligible to drop your PMI !!

If you want to learn more about PMI visit 👉 👉 👉 👉 👉 👉 https://bestrateloan.com/what-is-pmi/

For a FREE mortgage assessment visit 👉 👉 👉 👉 👉 👉 https://bestrateloan.com/free-mortgage-assessment/

We help homeowners in Michigan qualify for a mortgage. At Best Rate, we shop the best rate for your mortgage!

Fadi Sankari
NMLS 1290575
248-825-3300
bestrateloan.com

How to eliminate PMI (Private Mortgage Insurance)

YouTube Video VVU2UmdYYl91Z0g1enp4U2lQcGlDV2xnLktFaGhJT2ZscGxv

First-Time Home Buyers' top 3 FAQs Answered.

1) What is the minimum credit score I have to have to qualify for a mortgage?

2) How much do I have to put for a down payment?

3) What kind of programs are available for first-time homebuyers?

We help first-time homebuyers in Michigan qualify for a mortgage and search for them the best programs 🏡

If you are a first-time homebuyer in Michigan and want to know the best programs available for you
👉 👉 👉 👉 👉 👉 bestrateloan.com/first-time-homebuyer-faqs

If you want to learn more visit 👉 👉 👉 👉 👉 👉 https://bestrateloan.com/first-time-homebuyer-michigan-what-you-need-to-know/

Fadi Sankari
NMLS 1290575
248-825-3300
bestrateloan.com

First time homebuyer FAQ”s

YouTube Video VVU2UmdYYl91Z0g1enp4U2lQcGlDV2xnLjlacWp1V3d0eUtV

FHFA fee is gone refinancing just got sweeter!

For a FREE mortgage assessment visit 👉 👉 👉 👉 👉 👉 https://bestrateloan.com/free-mortgage-assessment/

We help homeowners in Michigan qualify for a mortgage. At Best Rate, we shop the best rate for your mortgage!

Fadi Sankari
NMLS 1290575
248-825-3300
bestrateloan.com

FHFA Fee .50 basis points gone gone gone!!!

YouTube Video VVU2UmdYYl91Z0g1enp4U2lQcGlDV2xnLnk1OGtSOUJ3YUdv

Get pre-approved in minutes!

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Copyright 2020 Best Rate Loan LLC | Best Rate Loan LLC DBA Best Rate is a mortgage broker. All rights reserved. NMLS# 2075205 © Best Rate Loan LLC | 1935 Villa Rd, Birmingham MI 48009. Not available in all states. For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Not all borrowers will meet the requirements necessary to qualify. The company name, Best Rate Loan LLC DBA Best Rate should not suggest to a consumer that Best Rate Loan LLC DBA Best Rate provides industry best rates. Best Rate Loan LLC DBA Best Rate | NMLS #2075205 https://nmlsconsumeraccess.org/ | Equal Housing Opportunity

Today's Mortgage Rates

What type of loan do you need?

Great! What type of property are you purchasing?

Estimate your credit score:

Is this your first property purchase?

What is your current property purchase situation?

How will this property be used?

What is the purchase price of the new property?

What is your estimated down payment?

What kind of rate do you prefer?

What is your gross annual household income?

What is your employment status?

Bankruptcy, short sale, or foreclosure in the last 3 years?

Can you show proof of income?

Are you working with a real estate agent?

Great! What type of property are you refinancing?

Estimate your credit score:

What year did you purchase your home?

Please estimate the value of the property.

What is the remaining 1st mortgage balance?

What is your 1st mortgage interest rate?

How will this property be used?

What kind of rate do you have?

Do you have a second mortgage?

Would you like to borrow additional cash?

What is your employment status?

Bankruptcy, short sale, or foreclosure in the last 3 years?

Can you show proof of income?

What is your average monthly income?

What are your average monthly expenses?

Do you currently have a FHA loan?

Any late mortgage payments in the last 12 months?

What is PMI?

What are Mortgage Points and Should You Pay Them?

What is Escrow Payment and How Does it Work?

First Time Home Buyer Grant and Down Payment Assistance Loan in Michigan

Get pre-approved in minutes!

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What is the remaining 1^st mortgage balance?

What is your 1^st mortgage interest rate?