Julio Hernandez Home Loans

Buying a new home is a thrilling experience, filled with excitement, anticipation, and questions. Find out why buying your dream home does NOT have to be a nightmare: http://bit.ly/DontBeSpookedAboutBuyingAHouse HOMESTAR is your easiest way home!... #HOMESTARblog #homebuyer #homeownership

Amortization = Paying off a loan over a period of time and at the interest rate specified in the loan documents. The amortization of a loan includes the payment of interest and a part of the amount borrowed in each mortgage payment. #mortgageterms #chooseHOMESTAR #homeownership

Q: What is the best way to buy a home with the least amount of money? A: The USDA home loan is an option for buyers on a strict budget. HOMESTAR’s USDA home loans have the following benefits: - No down payment required... - Closing costs payment can come from any source - Easy qualification - Lower upfront funding fee, along with a low monthly USDA fee #homebuyerFAQ #chooseHOMESTAR #homeownership #USDAloan

Fraudulent emails are increasing. Therefore, it’s important to be alert and protect yourself from wire transfer fraud. Here are some tips to help: - Don’t open attachments in unfamiliar emails.... - Don’t click on suspicious links. - Watch for typos or misuse of symbols. - Select a strong password and change it regularly. - Don’t use unsecured WiFi. If needed, create a VPN (Virtual Private Network). - Enable two-factor authentication if you use Google email. - Don’t send sensitive information through email. - Customers receive wiring instruction changes that seem legitimate, but they’ve been sent by the scammer while the customer is distracted. Remember to always verify wiring instructions by phone before wiring and assume any wire transfer changes are scams. Always ensure the emails you receive are from a legitimate email address. #wiretransferfraud #securitytips

Q: Is an escrow account required? A: An escrow account for taxes and insurance is generally required for Conventional loans that have an LTV over 80%. However, LTV is not the only factor in allowing escrows to be waived. Underwriting will make the final determination. If you were to fall behind on your property taxes, you could end up with a lien on your home and eventually lose it. If your homeowners insurance lapsed and your home was seriously damaged, the lender’s invest...ment would be in jeopardy. An escrow account offers two benefits for you: - You’re automatically putting money away for expenses each month instead of having to budget for a few big payments. - Someone else is managing those taxes and insurance bills for you. #homebuyerFAQ #chooseHOMESTAR #homeownership

What Is a Conventional Loan? Conventional loans are home loans not insured or guaranteed by a government agency, like FHA and VA loans. Instead, they are backed by a mortgage lender and insurance is typically paid by the borrower. Read more about Conventional loans: https://bit.ly/WhatIsAConventionalLoan ... #HOMESTARblog #chooseHOMESTAR #conventionalloans #mortgageloan

Any major purchase that will require a withdrawal of verified funds or will increase your debt may have a negative impact on your loan approval. #closingprocess #chooseHOMESTAR #homeownership

Have you tried indoor bowling? You will need to create a bowling lane for this game. Collect any items around the house that you could use as bowling pins, such as empty water bottles or plastic cups. A small ball works best. The same rules apply as regular bowling, and the highest score wins! #HOMESTARCares #togetherathome

Are you in the market for a new home? Start out right by reviewing our helpful Buyer's Guide: http://bit.ly/HOMESTARBuyersGuide #homebuyersguide #homebuyingguide #chooseHOMESTAR

Unless your lender advises you to pay off certain bills to qualify for the loan, leave your accounts as they are until your escrow closes to avoid any issues. #closingprocess #chooseHOMESTAR #homeownership

Why not have date night at home tonight? Here are some ideas to spend some fun, quality time with your significant other: - Cook dinner together - Create a memory book or photo album - Take a virtual museum tour... - Have a picnic in the backyard and stargaze - Watch a musical online - Host a wine tasting with hors d'oeuvres - Have a movie night #datenightideas #datenightathome #timeathome

Many individuals and families refinance their homes to a lower rate, which means a lower payment. But, are you aware of the other benefits that come with refinancing your home? Here are five additional benefits: 1. Shrink your balance faster. 2. Pay extra principal or refinance for a shorter term.... 3. Maximize your rate of return through investments. 4. Utilize your equity. 5. Make a final decision, put it into action, and take comfort. #refinancing #refinanceyourhome #chooseHOMESTAR