While You’re Waiting in Line on Black Friday…

Why not apply for a refinance or a new home loan?  It’s the perfect time.  You’re out looking for bargains, why not spend the least you can on your mortgage?

Standing in line in the cold after Thanksgiving dinner, imagine what you could do with thousands of dollars in savings over the course of your mortgage!  With a refinance from The Home Loan Expert, Ryan Kelley, you don’t have to imagine – we make it happen.  Saving money on your mortgage is easy.

We do a TON of FHA loans, but what exactly does that mean? An FHA loan is actually a mortgage loan backed by the Federal Housing Administration’s mortgage insurance.

They are a federally assisted program that allows families to move into a home with minimal down payment. Currently, all that’s required to purchase a home is a 3.5% down payment. The program goes back to the Great Depression and was initially intended to both provide banks with insurance and help homeowners and new buyers when the rates of foreclosures and loan defaults were steadily increasing. FHA now works primarily for those that can’t afford a down payment, or won’t qualify for private mortgage insurance (PMI). Essentially it’s an insurance policy that guarantees the loan. We also use FHA for refinancing as well.

Half of the refinancing done now is through FHA. It allows you to borrow up to 97.5 percent of the value of the house as opposed to a maximum of 90-95% for a conventional loan. FHA rates are also lower than traditional loans. It’s the same rate depending on credit score or amount or percent. A conventional loan has “adjusters” on the loan, changing the rates and percentages.

We actually underwrite FHA in house, as we are a Direct Endorsed FHA Lender. Most companies, particularly those that gave up their FHA endorsement status during the early 2000’s when they weren’t being used extensively, have issues becoming an approved FHA lender again, while we maintained our FHA status so that we could continue to underwrite and close FHA loans.

Our process for home loan approval allows us to quickly process and approve FHA loans for families, giving them a way to move into their dream home and establish their lives.

It’s Black Friday all season long at The Home Loan Expert, and we’re offering up to $1,000 back after closing to give you a little extra to spend for the holidays! 

No need to line up in the cold, here’s how it works: 

  • Head to our Black Friday page 
  • Enter your information 
  • Fill out our digital mortgage application by Sunday, January 1st 2023 
  • After your loan closes, you’ll get up to $1,000 back! It’s that simple! 

This deal is only good through the end of the year, so grab it while you can! Get started today at TheHomeLoanExpert.com/Friday


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