⚡️ Discover the magic of bi-weekly mortgage payments! ⚡️

Discover the magic of bi-weekly mortgage payments! This simple strategy could help you own your dream home sooner and save big on interest. Want to see the numbers? Check out the Bi-Weekly Calculator at the link in my bio and see how you could pay off your $400K home 6.33 years earlier, saving over $130K in interest over the loan's lifetime! #homebuyersguide. ✅ Here's a good Bi-Weekly Mortgage calculator you can use to see the SAVINGS !! https://www.bankrate.com/mortgages/bi-weekly-mortgage-calculator/ ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com

Introducing the Real Estate Game Changer: Proposition 13! ⚡️ Annual Cap on your property taxes ⚡️

Introducing the Real Estate Game Changer: Proposition 13! Say goodbye to property tax surprises and hello to financial stability. ➡️➡️With a 2% annual cap, your property tax won't skyrocket. Let's break it down: If your home's assessed value is $400,000, , the most it would go up to the next year is to $408,000.00 and the yearly increase is just $100 or around $9 per month. Not so intimidating, right? ✅But here's the real deal: Before Proposition 13, property values were reassessed annually at market rates, potentially increasing your tax burden. Now, under Prop. 13, your property is assessed for tax purposes only when it changes ownership. As long as you don't sell, future value increases are limited to a maximum of 2% per year. ✅Good news is a refinance would not trigger a change to your monthly property taxes So, whether you're living the American dream or making it a reality, remember that Prop 13 is here to be your financial sidekick! ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com

Welcome to the Wild World of Supplemental Taxes. What are they and how do they work?

⚡️ Property Owners, brace yourselves! ⚡️ It's that time of the year again when you open that dreaded envelope from the tax man and feel that gut punch. Supplemental property taxes can be a real surprise for new homeowners, so let's break it down. ➡️➡️Supplemental taxes are the difference in your property's assessed value when you take ownership from the previous owner. It usually arrives within the first year, operating on a fiscal calendar from July 1st to June 30th. Here's the twist - you might face not one, but TWO supplemental tax bills if your deal closed between January and May. Important things to remember: ✅ It's not your lender's doing, and it's not factored into your impound account. ✅The good news? It's a one-time deal. ✅Counties might take their sweet time getting your home taxes sorted, and your lender can only pay what they receive. So that refund or overage check? Don't spend it just yet! Because when the county finally assesses your home accurately, your lender might come knocking, claiming a shortage in your escrow account. ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com

TRIGGER LEAD CALLS- What to expect once your Credit is Ran

Tired of the endless calls after applying for a mortgage or credit card? You might be in the trigger lead zone! Let me spill the beans on what trigger leads are and how to regain control. Don't let them drive you crazy – check out these tips to protect your privacy and peace of mind. ✅ Keep your info close – never share it with strangers to avoid identity theft risks. ✅ Shop smart by choosing trusted sources and referrals. ✅ Ignore those unknown calls – the initial frenzy will eventually subside. ✅Take back control by opting out! Here's how: ⚡️To opt out for five years:⚡️ Go to optoutprescreen.com or call 1-888-5-OPT-OUT (1-888-567-8688). The major credit bureaus operate phone numbers and websites. ⚡️To opt out permanently:⚡️ Go to optoutprescreen.com or call 1-888-5-OPT-OUT (1-888-567-8688) to start the process. To complete your request, you'll need to sign and return the Permanent Opt-Out Election form (which you get online) once you've started the process. When you call or visit optoutprescreen.com, they'll ask for your personal information, including your name, address, Social Security number, and date of birth. The information you give is confidential and will be used only to process your request to opt-out. ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

Get FastTrak Approved – ⚡️Close in 10-15 days with No Loan Contingencies ⚡️ ASK US HOW

⚡️Ready to DOMINATE the competitive housing market? ⚡️ Here are some winning strategies: ✅ Secure a POWERFUL approval letter from a reputable lender. It's all about trust and financial strength! ✅ Choose your real estate partners wisely. ✅ Up your deposit game to show your COMMITMENT and dedication. ✅ Streamline your contingency time frames with your lender's help. Pre-underwriting is the SECRET sauce for a lightning-fast close. ✅ Imagine offering a 10-15 day close with NO loan contingencies! At Cross Country Mortgage, it's called Fast Track Approval – leave the slow lane behind! ⚡️ Don't just buy a house – WIN the game! ⚡️ Sonny Nguyen CrossCountry Mortgage Branch Manager NMLS # 2604031 (209) 595-9859 ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

YouTube

CalHFA : The Dream For All Shared Appreciation Loan

Hello Everyone The 2022-23 State Budget established the Dream For All Program that allocated funds to CalHFA to administer the program, with broad parameters and some specific requirements. Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. The Dream For All Shared Appreciation Loan (Shared Appreciation Loan) is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. Here's are the important points you need to know about this loan: ✅CONVENTIONAL LOANS ONLY ✅First Time Buyers Only ✅No principal or interest payments due during term of loan ✅Credit Score- 660 if they are 80% or less of Median Income for that county/ 680 if they are above that ⚡️Here's that link to check if client's income is above that 80% median: https://ami-lookup-tool.fanniemae.com/amilookuptool/ ⚡️ ✅Grant is up to 20% of the sales price or appraised value Can be used toward down payment and closing costs ✅First time homebuyer online course required to be completed ✅Homeowner pays back the original Grant amount, plus 20% of any appreciation in the value of the home when they sell or refinance ✅There are income limits for every county. ⚡️Income Limits: https://www.calhfa.ca.gov/homeownership/limits/income/income.pdf ⚡️ ✅No Co-signors or non-occupying co-borrowers allowed ✅⚡️⚡️⚡️CALHFA will offer a one time only opportunity to refinance without triggering immediate of shared appreciation⚡️⚡️⚡️ ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

When the FEDS raise rates, it doesn’t always means Mortgage rates go up too

Hello Everyone I wanted to do a quick video on interest rates. I know a lot of clients think that when the FEDS raise the federal funds rate, it means Mortgage Rates go up too. That's not always the case... ✅ When the Feds raise rates. This affects the rate banks lends out on short-term loans like credit cards, HELOCS, and car loans. ✅ Mortgage interest rates are based on long-term rates that are influenced more by market forces, such as investor demand, the bond market and inflation. ⚡️ Bottom line, the federal funds rate is not the same as 30 year interest rates and changes in one may not always result in changes in others.⚡️ ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

Mythbusters – Appraisal Edition with Jensen Appraisal

Hello Everyone, With how crazy the market has been with rates and the FED's battle against inflation, I wanted to get a pulse of the market  from a different perspective.  Jeff Jensen is the owner of Jensen Appraisals and has been doing appraisal for 30 plus years. ⚡️⚡️Some of the key things to Highlight in this video⚡️⚡️ ✅Will home prices be crashing? Should buyer's wait to buy? ➡️➡️** Due to the lack of inventory, the market is actually STABLE and has recently shown an uptick in prices in certain areas ** ✅ Is there really a big difference between FHA and Conventional Appraisal? ➡️➡️** Listing Agents should not be afraid to work with FHA offers ** ✅What's the scoop on solar on homes? ➡️➡️** Owner-Paid off solar is the only one that adds value to the appraisal ** ✅Are unpermitted additions and converted garages DEAL KILLERS? ➡️➡️** Not anymore- Fannie Mae and FHA accept unpermitted additions or garage conversions ** ⚡️⚡️ Q and A session with the Appraiser on the following ⚡️⚡️ ✅ Are these items required on the Appraisal ?? ➡️➡️Watch video to find out ** 1- Stove 2- Flooring 3- Smoke detector ( How many & where? ) 4- Carbon Dioxide detector ( How many & where? ) 5- Appliances ✅ Do these upgrades increase the value of the Appraisal ?? ➡️➡️** Watch video to find out ** 1- Swimming pool 2- New Paint 3- New Windows 4- New Roof 5- New AC Unit Hope this helps Feel free to call, text or e-mail me anytime if you have questions or concerns… thanks again! ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen CrossCountry Mortgage Branch Manager NMLS # 2604031 (209) 595-9859 ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

CalHFA : The Dream For All Shared Appreciation Loan

Hello Everyone The 2022-23 State Budget established the Dream For All Program that allocated funds to CalHFA to administer the program, with broad parameters and some specific requirements. Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and CalHFA is committed to improving equitable access to homeownership for all Californians. The Dream For All Shared Appreciation Loan (Shared Appreciation Loan) is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. This program will be available on Monday, March 27, 2023.. ✅CALHFA Income Limits: https://www.calhfa.ca.gov/homeownership/limits/income/income.pdf ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

Top 5 Credit Concerns

Hello, I wanted to address some concerns regarding credit during the process of getting pre-approved. As I mentioned in my video, please read below for some important tips : ⚡️ Ways borrowers can protect themselves from the harassing calls from telemarketers :⚡️ ✅Register with the National Do Not Call Registry. You can register both your home and cell phone numbers. It takes 31 days to become effective, so try to do this at least one month before applying for a loan. The registration expires after five years. ✅Register with the Direct Mail Association to prevent mortgage lenders from sending direct mail. It will cost $1.00 whether you register online or through mail. The DMA distributes its lists every quarter so registration can take a while to be effective and it is good for five years. ✅OptOutPrescreen will also stop the four credit bureaus (Equifax, Experian, Innovis and TransUnion) from selling your information as a trigger lead. Signing up will stop trigger leads for five years, although the Fair Credit Reporting Act still allows for the sale of your name. Feel free to call, text or e-mail me anytime if you have questions or concerns… thanks again! ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen CrossCountry Mortgage Branch Manager NMLS # 2604031 (209) 595-9859 ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

FHA Changes for the Better – How it affects you !

Hello, Looking for a home with an FHA Loan or thinking about it, you'll love today's news about how FHA reduced their premiums on MIP. Here is how these changes will benefit your buyers: ✅Lower Monthly Payments ✅Higher Purchasing Power ✅GREAT Alternative to Conventional Loans which will be more expensive starting on May 1st ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

Agent Resource – Loan Level Pricing Adjustments in 2023

Fannie Mae & Freddie Mac have recently introduced Loan Level Pricing Adjustments. That announcement can be found here ➡️ https://singlefamily.fanniemae.com/media/33241/display ⚡️Fannie and Freddie make up about 80-90% of the mortgage loans out there today⚡️ You may be wondering: ✅ What Are Loan Level Pricing Adjustments? ✅ Who Do They Affect? ✅ How Can I Prepare To Buy A House? ✅ HomeReady & HomePossible Programs plus 100-120% AMI PDF One Page Resource guide in the sidebar. Explore the Area Median Income Guidelines by address: ➡️Fannie Mae HomeReady - https://ami-lookup-tool.fanniemae.com/amilookuptool/ ➡️Freddie Mac HomePossible - https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map Feel free to call, text or e-mail me anytime if you have questions or concerns… thanks again! ➡️➡️Visit my site for more Educational Content : https://loanswithsonny.com/ Sonny Nguyen Originating Branch Manager NMLS # 264031 D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com ⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device ➡️ ➡️ ➡️ Attachments are on the side from your computer

Temporary Buydowns

Buydown's Explained A mortgage rate buydown is a tool used by a home buyer to get a lower interest rate on their mortgage. One way to achieve this lower rate involves the home buyer paying discount points ( Buy down the interest rate ) at closing. Another way is by having the seller pay for these temporary buydowns via what is called “Seller Paid Closing Costs”. These seller paid closing costs are negotiated into your purchase agreement. On the example above, it showcases the 2/1 buydown option, but there are others.. On this page, you can download the guide I created on temporary buydowns that are currently available along with the Pro's & cons on them. This is a great option especially in a higher interest market. Sonny Nguyen Crosscountry Mortgage

Mortgage Dos and Don’ts

Mortgage Dos and Don'ts You are Almost there... You have done all the hard work building up to this moment. It all started with you nervously sitting down with me to look at your finances You then firmly budgeted and saved to make sure you had enough to purchase. Lastly, you vigorously gathered all the necessary documents needed to get you Pre-Approved . Unfortunately, the work doesn't stop until we get you into your Home!! I wanted to take a moment to go through some Mortgage " Dos and Don'ts " while you are in the process of looking.... At any point, you have any questions or concerns, please feel free to call me anytime. I'm here to walk you through the process. Sonny Nguyen Originating Branch Manager D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com

5 Top Reason to Buy right now

Hello, Are you a buyer that has gone to the sideline to wait to purchase a new home or has been delayed from entering the real estate market? If so, I'm sure your reasons could be valid, but I wanted to ensure you have all the information on whether this is a wise choice. The main issue, I assume, would be " affordability " from the significant rise in rates that has lowered your buying power or knocked you out of qualification. You might think this is a negative, but I wanted to highlight this exact issue and show you that it is an excellent thing for you as a potential home buyer. In the video above, I've laid out the domino effect of the increase in the rates market, which allows you opportunities that have not been present in the last few years for home buyers. The lack of affordability and inventory is an exciting and challenging dynamic in this market, making it completely different. What I mean by that is that usually, these two forces don't line out together in this magnitude. For example, when affordability issues last crept into the market, the housing supply spikes with the pullback of buyers, which we experienced recently in 2018/19. The main issue that has caused a much-needed pause in our housing market has been the spike in rates, which caused our affordability issues. So we should focus on the opportunities that present you as a home buyer now vs. just eight months. ........................................... 8 Months Ago vs. Today Eight Months Ago: Buyers competed against 10+ offers per property. Buyers had to release all loan, inspection, and appraisal contingencies. Buyers had to convert their loans into " cash offers " to compete. Buyers had to overbid on their offers to compete. Buyers had to settle on whatever home came on the market. Buyers are being delayed in converting their " cash overs " into loans in this high-rate environment. Today: Few Buyers, which means less competition. Buyers can write offers with and maintain their contingencies. Buyers with minimum down payments can purchase again. Buyers can get fair value or even undervalued properties with their offers. Buyers have more choices of homes than buying whatever comes to market. With help from lenders like myself, we can structure much better terms, like buying down the rate.

Meet the Turlock CrossCountry Mortgage Team

We've had the pleasure and privilege of working side by side for over 10 PLUS years and take extreme pride in making the DREAM of Home Ownership a reality. Our Mission is to provide a unique Home buying journey with emphasis on passionate & enthusiastic service , unparalleled communication and expertise. Our Primary goal is to create an experience that will change people's lives and leave a long standing impression. We appreciate the opportunity to become a part of your Journey... Your Turlock CCM Team

Rent vs Buy

Let's be frank: Buying a home is no small expense. Not only are there recurring property taxes and insurance payments to make, but maintenance and upkeep gets expensive, fast. Those costs aside, there could be huge benefits. Consider that someday, your house might be worth more than you paid for it, and you'll move on at a profit. You might also have a potential for future passive income, if that's the route you want to take. And paying off your home to live mortgage-free can set you up for a comfortable retirement. And then there's the emotional appeal of owning a home — the house is yours, and for some people, you can't put a price on that. Buying versus renting a home is a very individual decision. Below, homeowners weigh in on why buying was the right choice for them. 1 -Owning a home allows you to build wealth to purchase future homes 2- Buying could help to increase your net worth in ways renting can't 3- You've got a shot at significantly lowering your living expenses someday 4- You'll have an opportunity for passive income 5- No one will sell it out from under you (or raise the rent) 6- You get to make it your own 7- It's more stable and familiar 8- You've got the chance to get a great deal Again, everyone's opinion differ. To help, above is a chart breaking down the difference and benefits of buying compared to renting. This was based on a person wanting to keep their total monthly payment around $2500 per month. Sonny Nguyen Originating Branch Manager D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com

How Higher Interest Rates Can Affect Your Buying Power

Higher Rates May Mean Less Purchasing Power As interest rates change, a buyer’s purchasing power can be dramatically impacted. The chart below shows the monthly principal and interest payment based on the loan amount and starting rate. Think of what that buying power could translate to — a better neighborhood or school district, a move-in-ready home that requires no renovations, a larger space for your growing family? An increase in rates could limit your options. Higher Rates = More Money Spent on Interest A higher interest rate also means you may spend more money on interest over the life of your loan, causing you to pay more for your home in the long run. Bottom line? If you’re ready to buy a home, don’t wait until rates climb even higher. Sonny Nguyen Originating Branch Manager D 209.595.9859 F 209.796.2081 W homeloanswithsonny.com E sonny.nguyen@ccm.com

Sonny Nguyen/ CrossCountry Mortgage- Getting Started on your Home Purchase

Hello and Welcome!My name is Sonny Nguyen with CrossCountry Mortgage.Thank you for giving me the opportunity to help you!⚡️ To get started in the home buying process please click on the "APPLICATION " link on this page.⚡️Application Steps✅ Create Username and Password✅ Follow the steps to complete the application✅ We can work on gathering documents after we go through scenarios with you and you feel comfortable with everythingOnce the application is finalized, I will follow up to ensure accuracy and address any questions you may haveFeel free to reach out to me via text, call, or email using the contact information above if you have any inquiries.I anticipate guiding you through this process and assisting you in achieving all your goals.Have a great daySonny NguyenCrossCountry Mortgage209-595-9859 cellsonny.nguyen@ccm.com⤵️⤵️⤵️ Scroll Down for Attachments from your Mobile device➡️ ➡️ ➡️ Attachments are on the side from your computer