Minak.re

12/06/2023

“November was a stellar month for mortgage rates, and December is picking up right where it left off,” noted Matthew Graham.

After hitting 8% in October, the rate for the popular 30-year mortgage is heading back down toward 7%.

10/23/2023

10/23/2023

10/23/2023

Growing an impressive presence on social media doesn’t happen by accident. You can’t mindlessly scroll your way to a hundred thousand followers. Every decent account, whether a fashion influencer, how-to expert or fluffy cat, had to make an effort. They had to become students of the social media game, assessing, making edits and posting prolifically. The bad news is that it takes time. The good news is that you can get help from ChatGPT.

Try these 5 ChatGPT prompts to supercharge your social media content game: https://trib.al/BisGO3W

10/23/2023

Remember when you said you'd start Monday? Well, today's the day! ⚡️

03/06/2023

03/06/2023

As we kick off Women's History Month, we wanted to share some Women's Council history worth celebrating! Look for more posts like this throughout the month.

This was our first Leadership Academy in 1998, and it's still going strong as our annual Network 360 Leadership Conference. We train incoming local & state presidents to manage their networks and create value for their members.

03/06/2023

When we take a step back and look at our lives, it can be easy to see where we have been standing in our own sunshine. We can get so caught up in our own success that we forget to enjoy the journey and appreciate those around us.

09/07/2022

🔄 Weekly home refresh! 🔄

We're halfway through the week which makes it a great time for a quick home refresh!

Whether you have kids at home or you're looking for an inspiring place to further your own education, an organized study station can help boost creativity and focus.

Swipe to get started! 👉

09/06/2022

👀 What do mortgage lenders look for? 👀

1. Creditworthiness: including history and score 💯
2. Financials: including income and assets 💰
3. Ability to repay (debt-to-income ratio) 📊
4. Loan-to-value ratio 🏠

Getting pre-approved and pre-qualified for a mortgage should be your first step in the home-buying process. Home sellers want to know that a buyer is serious and well-qualified before reviewing an offer! A pre-qualification letter and proof of funds are usually required when submitting a purchase offer.

Before a lender will pre-qualify a borrower for a mortgage, they look at several factors, including the borrower's employment history, income and creditworthiness. Lenders are looking for a strong employment history, proof of income and a good credit score. Before applying for a mortgage, make sure to have the appropriate documents ready! 📁

With financial documents in hand, the mortgage lender will determine the borrower's debt-to-income (DTI) ratio. DTI ratio is the amount of monthly debt payments to monthly income. A DTI ratio will determine what kind of monthly payment the borrower can afford and how much they can borrow.

But mortgage lenders don’t stop there! Once a home is found and a purchase offer is accepted, the lender will order an appraisal of the property. This helps determine the loan-to-value ratio. A mortgage lender needs to verify that the property is worth the amount they are willing to lend. If an appraisal determines that the property is not worth the loan amount, the purchase contract may need to be renegotiated.

Ready to get started with purchasing your own home? Call or message to learn how to take the next step! 📲

09/05/2022

Happy Labor Day! ☀️

Labor Day often marks the wind down of Summer, but before we say goodbye to the season, we get one last long weekend to celebrate! 🎉

How have you been spending your long weekend?

Share below! 👇

M."Mina" Koc Real Estate Sales Associate
(305) 733-3237
[email protected]
SL3381493
London Foster
https://www.minakoc.realtor