FAQ
Home financing can be complex, but we make it simple. Get clear, expert answers to the most common mortgage questions so you can buy with confidence.
Frequently Asked Questions
Below you can find answers to many questions asked by previous clients and others who want to buy a home from their first home to their 20th home.
How much do I need to put down to buy a home?
Are you asking yourself, "How much money do I need to put down to buy a home?" You're not alone! The path to homeownership can seem shrouded in mystery, but we're here to shed some light on your journey.
Typically, a down payment is a percentage of the home's purchase price that you pay upfront. While 20% has been cemented in people's minds, 5% has become the traditional benchmark, there are options available that allow for much lower down payments – some as low as 1%!
Can I buy a home if I am only 20 years old?
🏡 Are you 20 and dreaming of your very own home? 🌟 It's time to turn those dreams into a reality! At Swift Lending LLC, we believe age should never be a barrier when it comes to owning your piece of paradise.
Owning a home at 20 is not just possible; it's an incredible milestone towards building wealth that can set the foundation for your future. We're here to guide you, every step of the way, as you embark on this exciting journey as a first-time home buyer!
Can my parents or family help me buy a home?
Unlock the Door to Your Dream Home with a Helping Hand from Loved Ones!
Are you a first-time home buyer feeling overwhelmed by the prospect of purchasing a new home? Wondering if your parents or "family" can play a role in making your homeownership dreams a reality? The answer is an emphatic YES, and we're here to show you how!
At Swift Lending LLC, we understand that buying your first home is more than just a transaction—it's a milestone. And sometimes, reaching milestones requires a little assistance from those who care about us most.
How can I become a real estate investor?
Unlock the Potential of Real Estate Investment with Your Existing Home!
Are you a homeowner wondering, "How do I become a real estate investor?" Look no further! You've already taken the first step by owning your home, and now it's time to leverage that asset into a lucrative investment journey. Imagine transforming your current property into a continuous stream of income, or using it as a springboard to acquire additional properties. Here, we will guide you on how to: - Use Equity to Your Advantage: Learn how you can tap into your home's equity to finance other investment opportunities. - Rent Out Extra Space: Discover strategies for generating rental income from unused space in your current home. - Master Property Management: Gain insights into managing tenants and maintaining properties to ensure maximum profitability. - Understand Market Trends: Stay ahead of the curve with our expert analysis on when and where to invest next.
Are their loans that will allow me to rehab my home?
Welcome to a world where your home's potential is just a loan away. We specialize in providing tailor-made rehab loans that empower homeowners like you to breathe new life into their living spaces. Whether it's updating a kitchen, expanding a living room, or transforming an outdated bathroom, our loans are designed to make your renovation dreams come true.
Our process is simple and transparent. With competitive rates, flexible terms, and a team dedicated to guiding you every step of the way, financing your home rehab project has never been easier. Plus, by investing in your property today, you're not only creating a more enjoyable living space but also increasing its value for the future.
Don't let doubt hold you back from creating the home you've always desired. Take the first step towards unlocking your home's hidden charm and equity. Apply now and turn those dreams into reality with our custom rehab loans.
Can I buy a home with commission income?
The answer is a resounding YES, and we're here to show you how. Buying a home is a milestone moment, and your unique income should not stand in the way. With our expertise, we'll guide you through the process step by step, ensuring that your commission income works in your favor. Here's how we make your dream come true: **Understand Your Earnings:** We start by analyzing your commission income history whether you just started your job or you have been in sales for years we have a plan for you. **Solidify Your Financial Profile:** Our financial wizards will calculate your income & insure that you are able to buy the home you want. **Expert Mortgage Advice:** Gain insider knowledge on which mortgage lenders are most favorable towards commission-based earners and how to approach them successfully. **Tailored Solutions Just for You:** Every commission earner is different. That’s why we offer personalized advice tailored specifically to your situation.
Can I use my bonus to buy a home?
"Yes!" With the right strategy and financial planning, that extra cash can be the key to securing your very own abode. Imagine turning those hard-earned bonuses into a cozy living room where laughter resonates, a backyard where memories are made, and a sanctuary where every corner reflects your personal touch. It's not just a house; it's the backdrop to your life’s most treasured moments. Why let your bonus sit idle or disappear into the daily expenses when it can serve as a robust foundation for your future? Here's how you can leverage it: 1. **Down Payment Boost**: Amplify your initial investment and reduce overall mortgage costs. 2. **Debt Reduction**: Pay down debts, improve credit scores, and qualify for better mortgage terms. 3. **Income**: Seasoned & continued bonuses can be counted as annual income increasing your buying potential. With our team’s expertise in navigating finances and real estate markets, we’ll help you craft an impeccable plan that aligns with lenders' requirements and brings you closer to unlocking that front door.
Can I buy a home after starting a new job?
The answer is an emphatic YES! At Swift Lending LLC, we believe that every new beginning should be celebrated with stability and security – and that means getting the keys to your dream home as well. We understand that transitioning into a new job comes with its own set of challenges, but purchasing a home shouldn't be one of them. That's why we're dedicated to providing you with the guidance, resources, and support needed to have a new job jumpstart your dream of homeownership. Don't let the fear of "too soon" hold you back from investing in your future. Whether it's been two months or twelve since you've started your new job – if you have stable income and meet the necessary qualifications – there’s nothing standing between you and the front door of your next chapter. So go ahead - embrace the change! Let's turn those post-new-job butterflies into the excitement of home ownership. Connect with us today and take that first step towards planting roots where growth happens both professionally and personally.
Contact Info
Phone: 832-549-2859
Address: 105 Spruce St, Santa Fe, NM 87501
NMLS# 232825
Contact Info
Whether you're a first-time homebuyer, looking to refinance, or interested in building your real estate portfolio, Swift Lending is here to help. Let's work together to find the perfect mortgage solution for you.
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