Let’s Get More Of Your Offers Accepted!!

Hello,As the real estate landscape evolves, so does our strategy for offer submissions, ensuring we stand out distinctly.Introducing my enhanced approach:⚡️ Personalized Video Message: A unique touch from me, underscoring the earnestness of our offer.⚡️ Instant Approval Letter: A testament to your client's immediate commitment.⚡️ Transparent Financial Overview: A client-verified breakdown, laying out the offer's specifics.What sets us apart?Post my initial interaction or voicemail with the Listing Agent, I can deliver our entire offer straight to the agent via text. This ensures our proposal receives the prominence it merits. A bespoke thumbnail of the property further showcases our dedication.In a market where every nuance is pivotal, will your offers merely fit in or make a striking impression? The transition from conventional PDFs to the impactful 'Digital Offers' strategy alongside me. Together, let's revolutionize the way your buyers attain their dream properties.Are you set to shape the future?Blessings!Ron Cahalan

Homebuyer’s Budget Worksheet

The best preparation guide and worksheet to determine the price range best for you and your budget.

*Your Mortgage Pre-Approval Guide

Let's get you preapproved! This simple guide will help you get ready.

*Guide to Investing in Rental Properties

If you are considering investing in rental properties and building generational wealth, this guide is a great starting point!

What Documents Do I Need?

When you apply for a home loan approval, the basic information you need is listed here.

BEWARE OF ONLINE RATE QUOTES!

Beware! Most rate quotes are "Fake Rates" and then you get the bate and switch! The 30 Factors that go into getting an accurate rate quote!

The Do’s and Don’ts When Applying For a Mortgage!

Who Is Ron Cahalan

*Your Mortgage Guide

You Need to Know This | Student Loans: How The Financial Responsibility Act of 23 is Impacting Homeownership!

How Student Loans & The Financial Responsibility Act of 23 is Impacting HomeownershipWe are facing challenging situations ever since last September, 2023. Many of our clients have not made student loan payments in three years due to the pause on payments. Combining this with no financial planning, rising inflation, high credit card debt, and the prospect of a payment that hasn't been seen in 36 months, we could be looking at a significant impact on those directly or indirectly involved in the housing market.For our sellers, especially those who purchased at low-interest rates in the 2 or 3% range and have student loans, this situation might affect their ability to move on to their next home.For our current approved buyers, this could impact their pre-qualification. Imagine adding $300 to $1,000 to their current debt-to-income ratio (DTI).And let's not forget our new first-time buyers. They will also feel the impact on their qualification. We must act swiftly to help them avoid default and late payments when it was lifted in September......................................................High-Level View Of Options We Can Use⚡️Standard Repayment PlanPayments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).This is not an income-driven plan. It is not a good option for those seeking Public Service Loan Forgiveness (PSLF).⚡️Graduated Repayment PlanThe graduated repayment plan starts with lower payments that increase every two years. Payments are made for up to 10 years (between 10 and 30 years for consolidation loans)This is not an income-driven plan, which means you will not qualify for Public Service Loan Forgiveness or interest relief as you would on an income-driven repayment plan. Even more detail here.⚡️Extended Repayment PlanPayments may be fixed or graduated and will ensure your loans are paid off within 25 years. If your extended plan is graduated, then payments will rise over time. You will pay back significantly more interest than on a 10-year plan.This is not an income-driven plan, which means you will not qualify for Public Service Loan Forgiveness or interest relief as you would an income-driven repayment plan. Even more detail here.⚡️Revised Pay As You Earn Repayment Plan (REPAYE)This is an income-driven plan.Your monthly payments will be 10 percent of your discretionary income. Payments are recalculated annually based on your updated income and family size. Unlike PAYE, though, the monthly payment can exceed the 10-year standard plan payment.⚡️Pay As You Earn Repayment Plan (PAYE)This is an income-driven plan.Your monthly payments will be 10 percent of discretionary income, but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated annually and are based on your updated income and family size.⚡️Income-Based Repayment Plan (IBR)This is an income-driven plan.Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated annually based on your updated income and family size.⚡️Income-Contingent Repayment Plan (ICR)This is an income-driven plan.Your monthly payment will be the lesser of 20 percent of discretionary income or the amount you would pay on a repayment plan with a fixed payment over 12 years, adjusted according to your income.Payments are recalculated annually based on your updated income and family size.⚡️Income-Sensitive Repayment PlanThis is an income-driven plan.Your monthly payment is based on annual income, but your loan will be paid in full within 15 years.**DefermentIf you have been in deferment on loans, did you know Interest accrues during this period? This means your balance will increase, and you’ll pay more over the life of your loan.Any period of deferment will not count toward loan forgiveness. We recommend you enter into an income-driven repayment plan to lower your payment.**ForbearanceYou may have been in forbearance, and interest accrues during this period. This means your balance increases, and you’ll pay more over the life of your loan.Any period of forbearance will not count toward loan forgiveness. We recommend you enter into an income-driven repayment plan to lower your payment.

Student Loan Affordability Calculator: How Much You Could Potential Save?

Are You Ready To Increase Purchasing Power by Lowering Your Student Loan Payments?⬆️ Use this calculator to estimate how much more you can qualify for on your next home loan by reducing student loan payments.⚡️ Need results fast? ⚡️So, What Has Happened Since Sept, 2023??The Financial Responsibility Act of 23 will Impact HomeownershipWe have started to have to face the challenging situation since September, 2023. Many of our clients have not made student loan payments in three years due to the pause on payments from the pandemic. Combining this with no financial planning, rising inflation, high credit card debt, and the prospect of a payment that hasn't been seen in 36 months, we are likely looking at a significant impact on those directly or indirectly involved in the housing market.For our sellers, especially those who recently purchased at low-interest rates in the 3% and 4% range and have student loans, this situation might affect their ability to move on to their next home.For our current approved buyers, this could impact their pre-qualification. Imagine adding $300 to $1,000 to their current debt-to-income ratio (DTI).And let's not forget our new first-time buyers. They will also feel the impact on their qualification. We must act swiftly to help them avoid default and late payments when the pause lifts in September......................................................High-Level View Of Options We Can Use⚡️Standard Repayment PlanPayments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).This is not an income-driven plan. It is not a good option for those seeking Public Service Loan Forgiveness (PSLF).⚡️Graduated Repayment PlanThe graduated repayment plan starts with lower payments that increase every two years. Payments are made for up to 10 years (between 10 and 30 years for consolidation loans)This is not an income-driven plan, which means you will not qualify for Public Service Loan Forgiveness or interest relief as you would on an income-driven repayment plan. Even more detail here.⚡️Extended Repayment PlanPayments may be fixed or graduated and will ensure your loans are paid off within 25 years. If your extended plan is graduated, then payments will rise over time. You will pay back significantly more interest than on a 10-year plan.This is not an income-driven plan, which means you will not qualify for Public Service Loan Forgiveness or interest relief as you would an income-driven repayment plan. Even more detail here.⚡️Revised Pay As You Earn Repayment Plan (REPAYE)This is an income-driven plan.Your monthly payments will be 10 percent of your discretionary income. Payments are recalculated annually based on your updated income and family size. Unlike PAYE, though, the monthly payment can exceed the 10-year standard plan payment.⚡️Pay As You Earn Repayment Plan (PAYE)This is an income-driven plan.Your monthly payments will be 10 percent of discretionary income, but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated annually and are based on your updated income and family size.⚡️Income-Based Repayment Plan (IBR)This is an income-driven plan.Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan. Payments are recalculated annually based on your updated income and family size.⚡️Income-Contingent Repayment Plan (ICR)This is an income-driven plan.Your monthly payment will be the lesser of 20 percent of discretionary income or the amount you would pay on a repayment plan with a fixed payment over 12 years, adjusted according to your income.Payments are recalculated annually based on your updated income and family size.⚡️Income-Sensitive Repayment PlanThis is an income-driven plan.Your monthly payment is based on annual income, but your loan will be paid in full within 15 years.*Deferment.............................You are in deferment on your 6-month grace period. Interest accrues during this period. This means your balance will increase, and you’ll pay more over the life of your loan.Any period of deferment will not count toward loan forgiveness. We recommend you enter into an income-driven repayment plan to lower your payment.ForbearanceYou are in forbearance, and interest accrues during this period. This means your balance will increase, and you’ll pay more over the life of your loan.Any period of forbearance will not count toward loan forgiveness. We recommend you enter into an income-driven repayment plan to lower your payment.We specialize in helping borrowers that are looking for a mortgage now.Typical processing times are 30 days or less. Let’s get started! https://myloansense.com/c/ron-cahalan1