Omega 

Omega Tips

Posted By: ofsloans

07

- Sep

5 FACTS ABOUT JUMBO LOANS

If you are about to buy a home, it’s better to knowledge yourself of what you are getting into. You need to realize that there are serious risks associated with getting a Jumbo loan, and you may need to weigh out your options. When you take out a jumbo loan, you are signing up for more debt which might be a problem for you in the long run. No person in their right mind would want to take this burden, but with people wanting to live in mansions, you might…

Posted By: ofsloans

07

- Sep

DIFFERENCE BETWEEN CONVENTIONAL AND NON-CONVENTIONAL LOANS

Are you planning on buying a home in the future? If so, you have probably come across “conventional” and “non-conventional” loans. The question posed in this article is, what’s the difference? In this article I will attempt to give you a detailed explanation of what the two types of loans are. I know that finding a loan for your home that suits your financial circumstances can be extremely frustrating and that is why knowing the difference between the two is key to making the right decision and ensures that you…

Posted By: ofsloans

07

- Sep

HOW PAYING OFF YOUR MORTGAGE CAN RESULT TOWARDS A BETTER REQUIREMENT.

Being a creditor, there is always the urge for you to meet requirements, rules, and guidelines for taking your next loan. One of the things that could boost your credit ability is your ability to pay off your mortgage. The question is how can paying off your mortgage be of consequence towards a better requirement. There are many ways in which paying off your mortgage can help meet a better requirement, so, here they are. FLEXIBILITY IN YOUR MONTHLY BUDGET Being able to pay off your mortgage means you will have…

Posted By: ofsloans

07

- Sep

HOW TO QUALIFY FOR A LOAN WITH POOR CREDIT

Getting a loan with bad credit may seem impossible, but I assure you it’s not! You may be baited into high interest rates and the such because of your credit, but there is also another way to qualify for a loan with bad credit and we will discuss it in this article. With a lower credit score you just aren’t going to have as many options as those people with a higher credit score. But with the right preparation, you can avoid getting a loan for the wrong price. The…

Posted By: ofsloans

07

- Sep

INVESTING IN REAL ESTATE PROPERTIES

the Do's and Don’ts Real estate today is arguably one of the biggest and lucrative investments one can dive into. Though real estate can sometimes be intimidating, it can sometimes be lucrative if you know what you’re doing. While everybody wants to invest into the real estate market because of just how lucrative it is, not all investors get what they want because of the mistakes that they make. They don’t know what they are doing and hastily purchase a property with no knowledge of what to do. If you want…

Posted By: ofsloans

07

- Sep

QUALIFYING FOR A MORTGAGE WHILE DEALING WITH STUDENT LOAN DEBT

According to a 2017 survey from the National Association of Realtors (NAR), 80% of millennials own a home and 83%  have student loan debt that is stopping them from acquiring their own home. The Federal Reserve was quoted to have said that college loan borrowers owe a record $1.4 trillion in student loan debt, making it the second largest form of household debts with over 44 million American currently living with student debt. If you are in the category of students with a bad loan and you need a house,…

Posted By: ofsloans

07

- Sep

THE BENEFITS OF CHOOSING AN ADJUSTABLE RATE MORTGAGE

Every homebuyer has different mortgage needs, but that is based on his/her personal financial statements. When shopping for a mortgage loan there are lot of things you need to consider but one of the most important factors you need to consider when dealing with the loan officer is to choose between a fixed rate mortgage or adjustable rate mortgage. So, what really is an Adjustable Rate Mortgage (ARM)? Basically, with an adjustable rate mortgage, the loan’s rate varies over time. What that means is that your monthly payments can change.…

Posted By: ofsloans

07

- Sep

TOP 5 THINGS YOU SHOULD KNOW ABOUT MORTGAGE AS A HOMEOWNER

Being a homeowner is one of the expensive investments you will make in your lifetime. Even at that, owning a home doesn’t imply knowledge about mortgages. It may seem like you know everything about mortgage because you’ve bought a home, but that is nowhere near true. This article will help you understand mortgage as a homeowner. WHAT PERCENTAGE OF YOUR MONEY GOES TOWARDS INTEREST Sometimes called blended payments, some mortgages are combined repayments of the principal as well as the interest. The moment you start paying off your mortgage, part…

Posted By: ofsloans

07

- Sep

WAYS TO GET THE LOWEST MORTGAGE REFINANCE RATES

This is one of the articles you need to pay attention to while reading because it explains one of the problems that we tend to face when looking to get mortgage refinance. At the end of this article, you will understand things that will help you get the lowest mortgage refinance rate. There are certain things you can do to get the lowest and best mortgage refinances rates. Shockingly, there are little things you can do to attract these rates. MAKE SURE YOUR CREDIT CARD BALANCE STAYS BELOW 25% Make…

Posted By: ofsloans

07

- Sep

WHY IS A FHA LOAN THE BEST OPTION FOR FIRST-TIME BUYERS 

If you need a loan that will make life a lot easier for you as a first-time buyer, than the Federal Housing Administration option is the right choice for you to choose because an FHA loan makes buying a house an easier process for you. Most of the houses insured by the Federal Government are usually tailored to benefit anyone buying a house for the first time. There are many benefits of getting an FHA loan, such as the low cost and less restrictions. These make the home-buying experience a…

Our team takes pride in dependability and accessibility. Whether it's a purchase or refinance, you are working with highly skilled professionals that strive for outstanding customer service. When you are ready to begin the mortgage lending process, we will be with you every step of the way to make sure that your loan closes quickly and smoothly.

Licensing:  New Jersey (9930047), New York (B500993), Pennsylvania (33116), Florida (MLD1382)

icon home (1).png

*This site is not authorized by the New York State Department of Financial Services. No Mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.*

© 2019 by Omega Financial Services. All Rights Reserved | NMLS# 20169