Leo Aguirre

Branch Manager

NMLS: 1494221

Recent Articles

Jun
29
2022
What’s the difference between private mortgage insurance and mortgage insurance premium?
If you are one of those buyers who can’t afford to pay a sizeable down payment, don’t give up on homeownership just yet. Mortgage insurance is a tool that can help you achieve homeownership despite the lack of funds for a down. When you pay for mortgage insurance as part of your...
Jun
23
2022
Is It Possible to Buy a Condo with a VA Loan?
Did you know you could purchase a condo unit with a VA home loan? VA loans are a great home financing option since they don’t require a down payment and have lower interest rates than other mortgage products. So if you qualify for a VA home loan, purchasing a condo would be a fantastic...
Jun
16
2022
Buying Mortgage Points: Is It Worth It?
Buying mortgage points is a way to secure a lower interest rate during the home buying process. It can save you several thousands of dollars in interest over the life of the loan and lower your monthly mortgage payment. Check out this nifty guide to learn how they’re calculated so you...
Jun
09
2022
Things to Consider When Deciding to Rent or Buy Your First Home
Are you considering whether you should purchase your first home or rent? There are several things to think about when deciding if you want to buy or rent.  We’ve listed down things you should know so that you can settle the rent or buy debate in your situation. Put Your Future...
Jun
02
2022
Getting Ready To Buy A Retirement Home: Things To Consider
Do you have plans to purchase a retirement house? It doesn’t matter if you’ve already retired or still have a long way to go before retiring. The perfect time to plan for your future home is now.  This article will break down essential details that you’ll need to...
May
25
2022
Better Alternatives To Withdrawing From Your Retirement
When facing an urgent and substantial financial need, borrowing against their 401(k) often comes to mind. While account holders can withdraw $50,000 or 50% (whichever is less) from their 401(k) plans without paying penalties, there are major drawbacks that should make you think twice...
May
18
2022
Your Guide To Buying A Home When You Have Bad Credit
If you think that buying a house with bad credit is impossible, we have good news! It may be more complex, but it can be done! But before you go house hunting, it's essential that you review your financial situation. Homeownership involves unexpected expenses that may be hard to cover if...
May
11
2022
Your Guide To Paying Down Credit Card Debt With A Home Equity Loan
Having multiple credit cards can be helpful, especially when making large purchases. The problem starts when you have large outstanding balances, and you're having trouble paying them off quickly to avoid enormous interest charges. You may have heard about using a home equity loan to...
May
04
2022
How Can I Get Approved for a Mortgage as a Contract Employee?
Contract employees who want to get a home loan can sometimes find it challenging. Traditional mortgages often lean towards an income that can be verified easily with W-2s. Income taxes for contract employees can sometimes get complicated and can further compound the problem...
Apr
27
2022
Step By Step Guide To Getting Your Credit Ready For A Mortgage
Did you know that you could save thousands of dollars if you prepare your credit before applying for a mortgage? Your credit score is one of the most critical factors that determine your mortgage interest rate and which home loan program you qualify for. This week’s article will...
Apr
20
2022
Learn The Difference Between A Home Equity Loan vs. HELOC
HELOCs and home equity loans are loans where you use your home as collateral. Both are good options for borrowing money if you’ve paid a significant portion of your mortgage. Some homeowners think that these two are similar, but in reality, they are not the same. Let’s look at...
Apr
13
2022
5 Mistakes Newbie Investors Make When Buying A House To Flip
With many TV shows depicting house flippers having fun while making a profit, many investors have taken interest in the idea. In 2019 alone, 6.2% of all home sales in the U.S. were flipped homes! It sure looks easy on TV –buy a house, fix it up, put it back on the market, and make an easy sale...
Apr
06
2022
How Do You Get A Mortgage For A Rental Property?
Purchasing your first rental property is a big step in your real estate investor journey. Aside from choosing a potentially profitable property, you need to figure out how to finance your rental. Before sharing how to apply for an investment loan, et’s look at how a primary home...
Mar
30
2022
How Do Non-QM Loans Work?
Buying a home is part of the American dream, but what if you don’t qualify through traditional means? This is an issue that self-employed and other non-W2 workers often face since their proof of income and employment differs from what lenders typically require. The good news is...
Mar
23
2022
What Are The Closing Costs For A VA Loan?
As with any type of mortgage, VA loans have fees associated with getting the loan. These fees are often called “closing costs,” and they are paid to the lender for services rendered in creating and processing your mortgage. Note that closing costs must be settled before the...
Mar
16
2022
How Does A Mortgage Underwriter Verify Income?
The mortgage underwriting process is essential to verify income and ultimately determine whether the loan is approved or not. In addition to examining your income, the underwriter will also dive into significant events such as recently graduating from school, switching careers, or...
Mar
09
2022
How To Spot A Reverse Mortgage Scam
Reverse mortgages have helped countless senior homeowners convert a portion of their home equity into much-needed cash to provide added income during retirement. This type of loan offers many advantages for seniors, and it’s no surprise that many have been applying in recent...
Mar
02
2022
What’s The Minimum Credit Score For VA Home Loan Approval?
Through the VA home loan program, millions of veterans and service members have become homeowners. VA loans are favored for the following reasons: lower mortgage rates, no PMI required, no down payment necessary, and, to an extent, no minimum credit score requirements. While the...
Feb
23
2022
How To Deduct Mortgage Interest From Your Taxes
Did you know that owning property has tax incentives as a "mortgage interest deduction?" This article will outline what a mortgage interest deduction is, its limits, and how to include this deduction in your taxes.  What counts as a "Mortgage Interest Deduction"? The mortgage...
Feb
17
2022
Guide To Qualifying For A Mortgage As A Non-U.S. Citizen
Owning a home is still very much a part of the American dream. However, did you know that non-U.S. citizens can also enjoy this? While there are challenges to homeownership if you are not a citizen, know that lenders are open to extending credit to non-citizen homebuyers. Let's look at how you...