MTG

Many homebuyers only focus on the loan amount, but a mortgage payment often includes several components. Understanding what's included can help you better prepare for homeownership and avoid surprises during the home-buying process. If you need help breaking down your monthly payment, let’s connect!

Tony Garcia, NMLS #: 224036, Primis Mortgage NMLS # 1894879
Disclosures:primisbank.com/disclosures

When it comes to a home, experience alone isn’t enough. You also need a process that anticipates and adapts to every possible twist & turn that could arise throughout the journey. In addition to that, you need product mix to ensure are getting the best loan program for them. Then, you need a great to bring it all home. ✨🏠✨

This is how we create a 5-star experience for EVERYONE involved. So thank YOU to ALL the who not only entrust their clients to us but help make Team Garcia a winning team!

This 4th of July, celebrate the freedom to find a place to call your own. Whether you're buying your first home or your next one, we're here to help you take the next step with confidence.

Tony Garcia, NMLS #: 224036, Primis Mortgage NMLS # 1894879
Disclosures:primisbank.com/disclosures

Lenders are basically trying to answer one simple question: Can this borrower comfortably manage a mortgage payment?

To find the answer, we look at various factors, including:
• Income
• Debt
• Credit history
• Available funds
Don’t worry, it’s not about being perfect. It’s about showing a stable, well-rounded financial situation.

What You Earn vs. What You Owe 📊
One of your biggest factors is your debt-to-income ratio (DTI). This compares how much you earn each month and how much you already owe. We want to see if your income can reasonably support your existing obligations plus a potential mortgage payment. Even a high income can be offset by high monthly debt, so remember that balance is key!

Let’s Talk Credit Scores 💳
Your credit score helps show lenders how you’ve handled borrowing money in the past. It reflects your payment history, credit usage, and length of credit history. A higher score can potentially open the door to more options, but it’s just one piece of the puzzle. In short, your score matters, but it’s not the only thing that matters.

Planning Ahead is Your Key to Success 💡
Knowing what lenders are looking for is the first step towards building a budget and a plan that works for you and your wallet.

Ready to learn more about your options? Let’s connect.
📲 571.246.4373
💻 www.goteamgarcia.com
📧 [email protected]

The ‘legalise’ 📄…
Tony Garcia, NMLS # 224036 | Jessica Garcia, NMLS # 1470022 | Primis Mortgage NMLS 1894879 | Disclosures:primisbank.com/disclosures