What is Loan to Value Ratio?!

All You Need To Know About Loan to Value Ratio (LTV)

Loan to Value ratio is the amount of money you’re borrowing for your home as a percentage of your home’s value. Let’s say, you’re going to buy a house for $200,000 with a $40,000 or 20% down payment. if your house is valued at $200,000 or higher, your LTV IS 80%. That’s because you divide your loan amount by the purchase price, not the appraisal price unless the appraisal comes in low.

Let’s say your house gets appraised, for lower than your purchase price, say $160,000 That means your LTV is 100% because your loan amount of $160,000 is the same as the value. In the lending world, a lender will go off the lesser of the two, the sales price or the 3rd party appraised value! In the event the appraisal comes in low you will want to talk with your agent and possibly renegotiate with the seller or you, the buyer, can choose to make up the difference if you want or need to stay at the initial loan to value!

Loan To Value is a key factor in your ability to get a loan, the lower the LTV, the less risky the lender sees the loan… but there are several high LTV programs available such as USDA, VA, FHA, Conventional, and a few other options! Let talk about the best mortgage plan for you!

Chat with The Hunter Home Loan Team Today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

What is APR?

The Annual Percentage Rate Explained!

Your Annual Percentage Rate is your Interest Rate + the Closing Costs + Fees averaged together over the first year of the loan. That determines the annual cost of taking out your mortgage.

Let’s talk about the fees that can be included in your APR. Origination fees, prepaid interests, underwriting fees, document prep fees, settlement fees, a few other 3rd party fees, and private mortgage insurance if you have it. All this to say that your APR will typically be higher than your interest rate. You receive an APR quote no more than 3 business days after you complete your loan application. Another thing to keep in mind with your APR, it can fluctuate in between your initial rate lock and the official closing of your loan. This is due to potential 3rd party fee fluctuations or market changes that can occur during that time frame. However, once your fixed rate loan is closed, your APR will not change. Keep in mind your Interest rate is the actual rate you are paying on the loan balance.

Chat with The Hunter Home Loan Team Today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

What To Do With a Dispute On Your Credit Report?

I Have a Dispute On My Credit Report… What Now?

Credit report inaccuracies are surprisingly common. Incorrect information can land in your report through anything from a clerical error to someone having the same name as you, similar name as, or even identity theft. This is not a joke, by the way, millions of families are affected every year! And it pains us when clients find this out too late in the process. When this happens, you have a right to dispute inaccurate info, when your filers label you as “In-Dispute”, your lender knows that whatever they are looking at is not an accurate depiction of your lending history.

That essentially leaves you with two options, accept your errors, which may be acceptable by your lender, depending on the product and its guidelines or delay in applying for a mortgage until the dispute is taken care of. If you decide on the later, you can submit a complaint to the Consumer Financial Protection Bureau and they can submit a complaint to the company on your behalf. You can also seek guidance from an attorney, credit advisor, or a Consumer Advocacy Group. Please let us know if you would like a recommendation or how we can better help you!

Chat with The Hunter Home Loan Team Today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

Hustle and Heart Group of KW | Local Realtor Highlight!

Hustle and Heart Group of KW | Local Realtor Highlight!

This week we had Brandon with the Hunter Home Loan Team interview Syna Sooklall with The Hustle and Heart Group of Keller Williams Seminole Florida!

Connect with Syna Sooklal! Syna’s Facebook: https://www.facebook.com/synamyfavori…
Or Connect through KW: https://www.kw.com/kw/agent/syna-sook…
Hustle & Heart Official Website: https://www.thehustleandheartgroup.com/

This group hustles hard for their clients, are on top of transactions, but remembers that this business is a people business and so they include their heart in every interaction. Clients can expect clear communication & integrity. These realtors are results driven, and client oriented. They build relationships beyond the sale and become a resource for their clients even after closing. This group is a diverse group of realtors, and from this, they are able to connect with their clients on multiple levels. The proof is in the pudding! They sell 100% of their listings & usually get sellers within 98% of their asking price. Vision is: They want to help people buy, sell or invest in real estate!

Sharing More Of YOU! | Creating Videos That Create Engagement

Realtors! Collab With Us On a Professional Video Today (it’s a win-win situation!)

We want to help you, help more clients. Contact The Hunter Home Loan Team if you are interested in creating a professional video that shares more about you, your real estate business, and level of service you provide! We will help you put this video together and share it with your audience. Reach out today, we look forward to talking with you! (727) 315-1635

Chat with The Hunter Home Loan Team Today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

Meet Trish Bannister | A Lead Agent on the Walseth Team!

Thanks For Joining Us Trish Bannister | Your Local Realtor Highlight!

Are you looking for a single-family house, second home, vacation home, or a condo on one of Pinellas Counties Gulf Beaches? Trish Bannister would be a great fit for you! Her knowledge of the Bay area beaches, each vibe they bring, and what they have to offer will take the stress and burden off of you, as she is there every step of the way. She specializes in the 9 Gulf Beaches: Indian Rocks, Redington, Madeira, Treasure Island, St Pete Beach & many more! Give Trish a call today, we highly recommend her, and know you will have a smooth buying/selling process!

Chat with Trish Bannister today!

Trish is your boots on the ground at all times. CALL her today! (727) 249-5140

OR connect with Trish here: https://www.walsethteam.com/agent/tri…

Have questions about mortgages & home loans? Call The Hunter Home Loan Team day or night, we are here for you (727) 315-1635

Pros & Cons of Mortgage VS Rent | Hunter Home Loan Blogs

Mortgage Vs. Rent | What is the difference?

The money you pay on your mortgage each month is building equity for you. Rent on the other hand, is money you’re going to throw away and never see again. However, make sure you always consult a tax professional. You can compare buying a home to an investment account that you actually live in. Property values typically increase plus you’re paying the same amount you normally would in rent. So, the benefit is two-fold. That money is wiggling away at the total balance of your mortgage. The investment is increasing in value plus, the balance of your mortgage is decreasing every time you make a payment. In 5 years, you can increase your net-worth by thousands, if not tens of thousands of dollars.

Chat with us today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

Message to Millennials | The Hunter Home Loan Team

Millennials…DOWNLOAD Our FREE Ebook!

I am born and raised in the Tampa Bay area, I have bought homes in the Tampa Bay area, and have been fortunate to help thousands of people purchase homes in the Bay Area. Millennials download my FREE ebook today, designed to guide YOU when buying your first home straight out of college!

Chat with us today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

What Credit Score Do You Need To Buy A Home?

What Credit Score Do You Need When Buying a Home?

You don’t have to have perfect credit to buy a home…. and over time, owning a home will actually improve your credit score assuming you are paying timely! Your credit score can be as low as 580, depending on the loan product you’re applying for. As far as the general rule, the higher your credit score, the better the loan term and better your borrowing costs and interest rate will be. Makes sense, right!

You can improve your credit score by paying down your credit cards, keep your revolving account balances below 30%, paying things like utility bills and other bills on time, and checking your credit report for inaccuracies that could be dragging your score down. We do have products for even lower credit scores with greater than 20% down and we can help you improve your credit score saving you time and money in the long run!

Chat with us today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

Is There Such Thing As Good Debt?!

A Mortgage is a good debt or bad debt?

Usually, when hearing the word, debt, it brings up a lot of bad images. Mortgages, however, are good debt, that’s because they build equity and invest value back into you. Good debt is typically debt that you pay and also helps you build equity. Bad debt would be things like rent and credit cards because once you spend that money, you’re going to get any other benefit.

Chat with us today!

For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.

Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!

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