Rafael Arrieta https://rafaelarrieta.com/ Web Designer Thu, 24 Oct 2024 21:51:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://rafaelarrieta.com/wp-content/uploads/2024/10/cropped-Rafael-Arrieta-Mortgage-Lender-Circular-background-32x32.png Rafael Arrieta https://rafaelarrieta.com/ 32 32 How Self-Employed Borrowers’ Income is Calculated for Traditional Mortgage Loans https://rafaelarrieta.com/how-self-employed-borrowers-income-calculated-traditional-mortgage-loans/ https://rafaelarrieta.com/how-self-employed-borrowers-income-calculated-traditional-mortgage-loans/#respond Tue, 22 Oct 2024 20:09:31 +0000 https://rafaelarrieta.com/?p=3357  Understanding Income Assessment for Self-Employed Borrowers in Traditional Mortgages When it comes to securing a traditional mortgage loan, self-employed borrowers often face unique challenges in proving their income. Unlike salaried employees who receive consistent paychecks, self-employed individuals typically have fluctuating income, making it crucial to understand how lenders assess their financial stability. This article explores how ...

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]]> https://rafaelarrieta.com/how-self-employed-borrowers-income-calculated-traditional-mortgage-loans/feed/ 0 3357 The Advantages of Purchasing Versus Renting https://rafaelarrieta.com/the-advantages-of-purchasing-versus-renting/ https://rafaelarrieta.com/the-advantages-of-purchasing-versus-renting/#respond Tue, 22 Oct 2024 20:01:11 +0000 https://rafaelarrieta.com/?p=3354  Why Buying a Home is a Better Choice Than Renting When deciding between purchasing a home or continuing to rent, understanding the advantages of purchasing versus renting can guide you toward making the best financial decision. While renting offers flexibility, purchasing a home provides long-term financial benefits that make it a sound investment for many. This ...

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]]> https://rafaelarrieta.com/the-advantages-of-purchasing-versus-renting/feed/ 0 3354 Seven Tips to Improve Your Credit Score https://rafaelarrieta.com/seven-tips-to-improve-your-credit-score/ https://rafaelarrieta.com/seven-tips-to-improve-your-credit-score/#respond Tue, 22 Oct 2024 19:51:22 +0000 https://rafaelarrieta.com/?p=3350  Improve Your Credit Score with These Simple Tips A good credit score is essential for securing loans, mortgages, and credit cards at favorable interest rates. It can significantly impact your financial future, including your ability to purchase a home or a car. Improving your credit score requires consistent effort and smart financial habits. Here are seven ...

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]]> https://rafaelarrieta.com/seven-tips-to-improve-your-credit-score/feed/ 0 3350 What Are Points and When Should You Pay Them? https://rafaelarrieta.com/what-are-points-and-when-should-you-pay-them/ Mon, 02 Aug 2021 00:05:47 +0000 https://rafaelarrieta.com/?p=1274 What Are Points and When Should You Pay Them? Origination and discount points are often misunderstood. They are both fees that may be charged at the time of closing. Some lenders even interchange the labeling of these fees. In formal terms, lenders charge origination points, while discount points are monies paid at the time of ...

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]]> 1274 What Causes Home Loan Rates to Move Up and Down? https://rafaelarrieta.com/what-causes-home-loan-rates-to-move-up-and-down/ Mon, 02 Aug 2021 00:04:18 +0000 https://rafaelarrieta.com/?p=1272 What Causes Home Loan Rates to Move Up and Down? The Federal Reserve monitors the U.S. economy and, when necessary, takes steps to address inflationary concerns to avoid economic recession. When the Fed discusses interest rates, it is primarily concerning the Fed Funds Rate, which is the rate banks use when lending money to each ...

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]]> 1272 Understanding the Home Appraisal Process https://rafaelarrieta.com/understanding-the-home-appraisal-process/ Mon, 02 Aug 2021 00:01:28 +0000 https://rafaelarrieta.com/?p=1270 Understanding the Home Appraisal Process A home appraisal is a required part of the loan process, and is conducted by a certified appraiser who evaluates and determines the property's fair market value. The appraiser's report includes a detailed look at the home's general condition and a review of the surrounding area. Since housing markets fluctuate—as ...

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]]> 1270 The Right Home Loan for You https://rafaelarrieta.com/the-right-home-loan-for-you/ Mon, 02 Aug 2021 00:00:07 +0000 https://rafaelarrieta.com/?p=1268 Refinancing Your Home The Right Home Loan for You Finding the right home loan should be easy. There are many options available, and it's important to seek advice from an experienced professional who can find the right home loan fit for your goals and needs. You may wish to consider the following questions that can help you ...

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]]> 1268 Locking In Your Interest Rate https://rafaelarrieta.com/locking-in-your-interest-rate/ Sun, 01 Aug 2021 23:57:47 +0000 https://rafaelarrieta.com/?p=1265 Refinancing Your Home Locking In Your Interest Rate If you are considering a refinance of your existing home loan, chances are it's because conditions are right for you to get a lower interest rate than you currently have. This lower rate presents an opportunity to save thousands of dollars over the life of the new ...

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]]> 1265 Dos and Don’ts During the Loan Process https://rafaelarrieta.com/dos-and-donts-during-the-loan-process/ Sun, 01 Aug 2021 23:55:02 +0000 https://rafaelarrieta.com/?p=1262 Refinancing Your Home      Dos and Don'ts During the Loan Process During the loan process, you'll want to avoid negatively impacting your loan pre-approval in any way. Lenders look for stability and consistency, and you are responsible for maintaining your financial situation all the way through to loan closing. Here are some simple dos ...

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]]> 1262 The Fed Prepares the Markets for Higher Rates https://rafaelarrieta.com/the-fed-prepares-the-markets-for-higher-rates/ Tue, 29 Jun 2021 07:48:45 +0000 https://rafaelarrieta.com/?p=1167 On Wednesday, June 16, the Federal Reserve pulled forward rate hike projections and are now seeing the likelihood of the next rate hike in March 2023 followed by as many as two more hikes in 2023. This is a big departure from their recent forecast which called for an initial hike in 2024. What Happened? The Fed acknowledged that inflation may run hotter ...

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