Yesterday, the Federal Reserve announced a 0.25% rate cut , aiming to ease borrowing conditions and support economic growth. But if you were expecting mortgage rates to drop right along with it, you might’ve been surprised because mortgage rates actually went up. Confused? Let’s break down what’s really happening behind the headlines. 👇 💡 The Real Reason: Mortgage Rates Follow Bonds — Not the Fed Directly While the Fed’s benchmark rate affects short-term lending (l

This latest LJ Mortgage Team Inc.  closing highlights the power of strategic investing and smart financing! 💼 Investor Purchase:  Single-family property (to be converted to 2-family) 💰 Purchase Price:  $700,000 | Down payment:  30% 👥 Borrowers:  2 | Credit Score:  689 💵 Household Income:  $353,949 | Business Owners 📉 Monthly Liabilities:  $47K 📑 Property Taxes:  $5,327 | HOI:  $2,015 📈 Interest Rate:  6.75% 💳 P&I Payment:  $3,178.13/month ⚠️ Prepayment Penalty (PPP):

Another success story from the LJ Mortgage Team  — turning homeownership dreams into reality right here in Jamaica, Queens!  🏡 Here’s how we helped this family secure their new home with confidence, even with a mid-600 credit score 👇 📍 Property Location:  Jamaica, Queens, NY 🏡 Purchase Price:  $775,000 💰 Down payment:  10% 👥 Two Borrowers  | Credit Score:  678 📊 Household Income:  $140,000 📉 Monthly Liabilities:  $5,614 📑 Property Taxes:  $5,757/year | Homeowne

At LJ Mortgage Team, every closed loan tells a story and this one highlights the power of DSCR Loans  for real estate investors. 📍 The Deal: Bellerose Investment Property Loan Type:  DSCR (Debt Service Coverage Ratio) Loan Property Value:  $905,000 Down Payment:  $226,250 (25%) Credit Score:  724 Property Taxes:  $14,795 HOI (Homeowners Insurance):  $2,353 Rental Income:  $5,500 Monthly Mortgage (Including Taxes & Insurance):  $5,940 DSCR Ratio:  0.

Another successful closing with the LJ Mortgage Team Inc.! 🎉 This time, we’re celebrating a beautiful property in Jamaica, Queens...