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Conventional Loans101: A First-Time Homebuyer’s Guide


📊Determines Eligibility 💰Affects Your Interest Rate 🛡️Impacts PMI (Private Mortgage Insurance) 🏦Loan Approval Confidence ⚖️More Flexibility With Terms
📊Determines Eligibility 💰Affects Your Interest Rate 🛡️Impacts PMI (Private Mortgage Insurance) 🏦Loan Approval Confidence ⚖️More Flexibility With Terms

📊It Shows Your Ability to Repay the Loan 🏦Conventional Loans Have Stricter DTI Limits 💡Lower DTI = Better Approval Odds 💰 Can Impact Loan Size and Terms ✅ It's Something You Can Improve
📊It Shows Your Ability to Repay the Loan 🏦Conventional Loans Have Stricter DTI Limits 💡Lower DTI = Better Approval Odds 💰 Can Impact Loan Size and Terms  It's Something You Can Improve

💰The down payment is a major factor when it comes to conventional loans—it affects your loan approval, interest rate, mortgage insurance, and monthly payments
💰The down payment is a major factor when it comes to conventional loans—it affects your loan approval, interest rate, mortgage insurance, and monthly payments

 
 
 

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LJ Mortgage Team Inc.

LJ Mortgage Team Inc.

NMLS# 2120286 

127-03 Rockaway Blvd

South Ozone Park, NY 11420                

Call / Text:  (516) 218-1297

E-mail:  Info@LJMortgageteam.com 

Hours:  M-F 9 am to 7 pm   Sat 10 am to 5 pm

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Registered Mortgage Broker-New York State Department of Financial Services. 

Loans are arranged through 3rd-party lenders.  

MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER

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