Madison Mortgage Services Inc.
Company NMLS # 1862796
Self-employed? You CAN get a mortgage! Here's how:
✅ Show 2+ years of steady income (tax returns or bank statements)
✅ Keep your debt low & credit score high
✅ Save for a solid down payment
✅ Work with a lender who understands self-employed borrowers
Your business shouldn't hold you back from homeownership!
#selfemployed #mortgagetips #homebuying #entrepreneurlife #mortgagebroker
Did you know the type of income you earn can impact your mortgage approval? 🤔
✅ Fixed income (salary, pensions) = More predictable, easier to qualify.
📊 Variable income (commissions, self-employment) = Lenders may require extra proof of stability.
If your income isn’t fixed, don’t worry! With the right strategy, you can still get approved. Let’s talk options! 🚀
#homebuying101 #fixedvsvariable #moneymoves #mortgagetips #madisonmortgage
🏡 Pre-Qualified vs. Pre-Approved – What’s the Difference? 🤔
If you’re serious about buying a home, pre-approval is a must! ✅ It shows sellers you’re ready, gives you a clear budget, and speeds up closing. Pre-qualification? Just an estimate—no guarantees!
💾 Save this for later & tag a future homeowner! 👇
#homebuyingtips #preapproved #firsttimehomebuyer #mortgageloans #househunting
🏡💰 Want to pay off your mortgage FASTER and save THOUSANDS in interest? Try bi-weekly payments! Instead of 12 monthly payments a year, you’ll make 26 half-payments—meaning you sneak in an extra payment every year without even feeling it! 📉✨
This simple switch can shave years off your loan and help you build equity quicker.
#mortgagetips #homeloan #biweeklypayments #mortgagepayoff #financialfreedom
🚪 Your offer was just accepted—now what? 🤔 Here’s a step-by-step breakdown of what happens next in the home-buying process! 🏡
📌 6 Key Steps to Know:
1️⃣ Earnest Money Deposit – Your first payment toward your future home!
2️⃣ Home Inspection – Check for repairs before moving forward.
3️⃣ Underwriting Process – Your lender verifies all your financials.
4️⃣ Home Appraisal – Determines if the home’s value matches your offer.
5️⃣ Closing Disclosure & Walkthrough – Final loan details + last home check.
6️⃣ Closing Day! – Sign, pay, and get the keys to your dream home! 🎉
💡 Pro Tip: Stay in close contact with your lender & agent to avoid delays!
📌 Save this post for later & tag someone who needs to see this! 👇
#homebuyingtips #firsttimehomebuyer #mortgageprocess #househunting #closingday #homeloans #homeinspection #realestatetips #mortgageapproval #fhaloan #conventionalloan
🚨 Home Loan Mistakes to AVOID! 🚨
Avoiding common mistakes when applying for a home loan can make or break your approval. Lenders want financial stability, so don’t switch banks, buy a new car, open new credit cards, or make large bank deposits. Stay on top of bills and avoid career changes to keep your mortgage process smooth. A steady financial profile increases your chances of securing the best loan terms.
#mortgagetips #homebuying #loanapproval #smartfinances #firsttimebuyer
❓ “Can you get a mortgage with a short credit history?” YES! ✅ Having limited credit doesn’t mean homeownership is out of reach. Here are some loan options and strategies that can help you qualify:
🏡 FHA Loans – Require as little as 3.5% down and accept lower credit scores
🇺🇸 VA Loans – If you’re a veteran or active military, no credit score is required!
🤝 Use a Co-Signer – A trusted person with good credit can strengthen your application
📈 Show Alternative Credit – Some lenders accept rent, utility, and phone payments
💳 Build Credit First – Try a credit builder loan or secured credit card
#homebuyingtips #creditscorematters #firsttimehomebuyer #mortgageloans #fhaloan #valoan #creditscore #homeloans #rentvsbuy #realestatetips
🏠 Renting vs. Owning: The Wealth Gap is REAL! 💰
🤯 While renters have an average net worth of around $6,300, homeowners sit at a whopping $255,000! Investing in real estate isn’t just about having a place to live—it’s a powerful tool for building long-term financial stability.
#wealthbuilding #homeownershipgoals #investinyourfuture #rentvsown #mortgagetips
Did you know a gift from a family member could help you buy your dream home? 🏡✨
✅ Must come from a close relative (like parents, siblings, or a fiancée)
✅ A simple gift letter is required to confirm it’s not a loan
✅ Could cover part or even ALL of your down payment
Homeownership might already be within reach! 💛
#homebuyingtips #giftgiving #mortgagehelp
⭐️ Trust. Efficiency. Results. @joshformortgages goes above and beyond to make your home-buying journey smooth and stress-free.
#mortgageexpert #happyclients #homebuyingmadeeasy #5starservice #dreamhomejourney
🏡 Top 5 Homebuyer Regrets You Can Avoid! 💡 From skipping pre-approval to overlooking neighborhood factors, these common mistakes can cost you.
Plan smarter, not harder! ✔️ Don’t let regrets ruin your homeownership journey — be prepared and informed every step of the way.
#homebuyingtips #firsttimehomebuyer #mortgageadvice #realestatetips #homeownergoals #househunting #mortgagepreapproval
💡What Are Mortgage Rates & Why Do They Matter?
Your mortgage rate is the interest you pay to borrow money for your home loan. A higher rate means higher monthly payments💰, while a lower rate saves you money over time.
For Example:
On a $300,000 loan:
* At 3%, your monthly payment is around $1,265.
* At 6%, it jumps to about $1,799!
That's a $500+ difference every month!
Let's explore ways to lock in the best rate and keep your payments manageable. DM me for a personalized plan!
#mortgage #rates #mortgagerates #mortgagepayments #newhome #mortgagetips
🚨 Think skipping a home inspection saves money? Think again. Protect your investment and avoid unexpected headaches. 🔍✔️
#homeinspection #homebuyingtips #investments #firsttimehomebuyer
STOP scrolling and start planning!
🔑 Your new home is waiting, but it all starts with that golden mortgage approval. Let’s make it happen. 💪✨
#mortgageapproval #homeownership #newhome #planitout #madisonmortgage
Hold up! 🚨 Did you budget for the real cost of buying a home? 🏠💸
Inspections, taxes, and closing costs are waiting for you! Don’t let the surprises catch you off guard — I’ve got your back! 💪✨
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📲: 516.305.0401 / 516.517.9904
📧: jgreen@madisonmortgage.com
#mortgagebroker #mortgagetips #firsttimehomebuyer #downpayment #insurance