Daniel Contreras

Loan Officer

NMLS: 991167

Recent Articles

Aug
05
2020
The Truth About Good Debt vs. Bad Debt
Debt is either "good debt" or "bad debt." --or so we've been told. "Good" debt is that money owed for things that may assist in building wealth, such as student loans or mortgages. "Bad" debt would be things like credit cards. This is an oversimplification as the differences between "good" and...
Jul
30
2020
How To Build A Dream Home With An FHA Construction Loan
Do you dream of building a home, but your credit score isn't high enough for a traditional construction loan? An FHA construction loan can help!  Building your dream home with less-than-perfect credit is possible with an FHA Construction Loan. There are two kinds of FHA...
Jul
22
2020
A Quick Guide to Down Payments By Mortgage Type
Thinking about buying a first home or a second? You have many loan options, and each one varies as far as their down payment requirements. Use this quick guide to get an idea of the amount you'll need to put down on your next purchase.  Is 20% Down Always Necessary to Buy a Home? The down...
Jul
15
2020
What COVID-19 Could Mean For Your Mortgage Loan
Since the beginning of the COVID-19 global health pandemic, government officials, economic experts, and United States citizens have watched the housing market with close scrutiny.  Still shaken by the 2008 recession, many homeowners are worried about being unable to afford...
Jul
08
2020
"I Have an FHA, Can I Buy a Second Property with a Conventional Loan?"
Real estate continues to be one of the best ways to grow wealth and create financial stability. And that's true for both single property owners and multi-property owners. In fact, that's one reason why the government insures certain home loans: they understand that owning property...
Jul
02
2020
Is Refinancing With Poor Credit Possible?
With rates at incredible lows, Americans across the country are refinancing their mortgage. But if you have poor credit, you may be wondering if it's possible.  Refinancing with a low credit score isn't the ideal position, but it is possible. Here's everything you need to know...
Jun
24
2020
How Long Will It Take For Your Credit to Repair After A Late Mortgage Payment?
Your mortgage is probably your household's most significant debt and accounts for most of your living expenses. Understandably, money has been tight for many Americans in this COVID economy, and many homeowners were late on their payments. If this sounds like you, you may be wondering...
Jun
17
2020
Should You Get Your Home "Move-In" Ready Before Listing It?
Most homes have an element that could use some improvement before putting on the market. Perhaps the wood flooring is looking scratched and dingey. Or the tub and shower are showing their years. Or maybe the shingled roof is making your home look outdated.  No matter what needs...
Jun
10
2020
What Happens When You Don't Pay Property Taxes?
Property taxes are a given when you own your property. Some homeowners choose to roll the taxes into their mortgage payment and let the lienholder pay when they are due. However, some prefer to pay it themselves. Here is what may happen if you do not pay your property taxes. What is "Property...
Jun
04
2020
7 Myths About Foreclosure -- There's Good News!
The idea of your home getting foreclosed on can send a chill up your spine. It's understandable. Thinking that a bank shuts you out of your home with ruined credit is an awful thought.  But here's the reality check: Not everything that you've heard about foreclosing is true. Here are...
May
28
2020
Tips for Investing in Real Estate During A Recession
For real estate investors, waiting for the market to stabilize is usually the way to go. But considering the current pandemic, stabilizing could take some time. And with so much real estate opportunity on the horizon (and currently), waiting may not be something you want to do.  If...
May
20
2020
Pro and Cons of Listing Your Home For Sale During the COVID Outbreak
Springtime is the most popular time for homeowners to list their homes for sale. However, given the health crisis (and financial crisis for many), you may be wondering if it's still a good idea to sell your home this spring. What are the pros and possible pitfalls of selling your home during...
May
13
2020
A Pocket Guide to Protecting Your Credit During Coronavirus
Your credit plays a key role in financial opportunities, today and in the future. Understandably, the current pandemic environment is making it more challenging. But still, there are actions you can take to protect your credit.  Here are tips that the Consumer Financial...
May
06
2020
Touchless Closings: Getting a Mortgage and Buying A Home With Social Distancing
We're several weeks into the shelter-in-place orders, and despite social distancing, homes are still being listed, shown, purchased, and sold. How? By using touchless technology!  Touchless technology, such as digital mortgage applications and virtual tours, had been...
Apr
29
2020
Can I Still Get A Mortgage If I Lost My Income Due to COVID-19?
Unfortunately, our unemployment rate has risen significantly these past weeks, and it appears that it may continue this trend a bit longer before it starts to de-escalate. What does that mean for home buying hopefuls? How does losing your job affect your ability to get approved for a...
Apr
22
2020
Alternatives To Forbearance for Paying Your Mortgage
In our last post, we shared details about the CARES ACT --the new government law that helps to ease the burden of mortgage payments during the Coronavirus. If you missed that post, search our archives to learn more about who qualifies. Although there are many benefits to the CARES ACT,...
Apr
15
2020
What To Do If You Can't Pay Your Mortgage During the Coronavirus Crisis
The CARES Act eases the financial burden on homeowners with government-backed loans. Homeowners with these loans and have lost income due to the COVID-19 can suspend mortgage payments for up to 12 months. This law also pauses foreclosures, foreclosure-related evictions, and changes...
Apr
09
2020
Staying Safe from COVID-19 Scams
It’s unfortunate but familiar --crisis makes people more vulnerable to scams. And with this unprecedented COVID-19 crisis, scammers are sure to be lurking close by. Save and share this information to help avoid potential fraudsters in their tracks. Five Potential COVID-19...
Apr
01
2020
Your Guide to Getting Your Stimulus Check Fast
We sincerely hope that you and your family are doing well. Although we’re not out of the woods yet, the government is providing us with some relief over these next few weeks. Please save and share this brief guide to ensure you receive your stimulus check as soon as possible. And...
Mar
25
2020
COVID-19 and Refinancing: Getting Access to Your Home Equity
COVID-19, also known as coronavirus, has changed everything. We're all making the necessary changes and adjusting to the uncertainty and general weirdness that this virus has caused. While even financial experts are unsure about what will happen next, there are a few clues that we can...

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