Victor Cortes-Home Loans

It's important to be hyper-vigilant and aware of vishers and social engineers. Social engineers trick individuals into divulging personal information or taking action, usually through technology. Vishing is one method, which involves using phone calls or voicemails. Here's how you can protect yourself against vishing: - If someone calls you from a company and you were not expecting their call, tell them you will call them back at a phone number you know is legitimate. - If th...e caller on the other end of the line requests that you navigate to a URL or install specific software, this should be a red flag. - Always verify phone numbers and names of who you are talking to. #securitytips #becybersmart

Closing Costs = The costs to complete the real estate transaction. These costs are in addition to the price of the home and are paid at closing. They include points, taxes, title insurance, financing costs, items that must be prepared or escrowed, and other costs. #mortgageterms #chooseHOMESTAR #homeownership

Buying a home builds equity. Buying a home builds long-term wealth because, with each mortgage payment you make, you pay down debt and accumulate equity (increased value) in your home. #NationalHomeownershipMonth #homeownership #homebuying #chooseHOMESTAR

Q: My spouse’s credit is not the best, what can we do? We need both incomes to buy a house; my spouse makes more money than I do. A: Your loan is based on the middle of the three credit scores and on the lower of the two co-borrowers. Is there a possibility of another co-borrower who will sign with you? #homebuyerFAQ #chooseHOMESTAR #homeownership

Is there a formula that determines whether it is the right time for you to refinance your home? Yes and no. The math will not be the same for everyone, but to make your calculations we must know the following: - Original amount of your current loan - The interest rate of your new home loan - How long you plan to stay in your home... As a general rule of thumb, you should think about refinancing your home if you can recoup the finance charges within 14 months. Contact me today for more information! #refinancing #chooseHOMESTAR