Author: Mark Spano (Mark Spano)

Why was my Mortgage Application Denied?
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Why was my Mortgage Application Denied?

It’s fairly common for home loan applications to be denied. According to the Federal Bureau of Consumer Financial Protection, 1 out of every 9 mortgage applications was denied during 2018. That’s a lot of denials. So let’s take a look at why so many would be home buyers are having trouble getting approved. Examples of...

Why Get a USDA Loan?
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Why Get a USDA Loan?

Believe it or not, but the United States Department of Agriculture actually offers a mortgage product. Initiated back in 1935, this loan program was originally created to help populate the more rural areas of the United States during the Great Depression. Fast forward to 2019, the USDA loan is still a great way to help...

How to Get Pre-approved for a Mortgage
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How to Get Pre-approved for a Mortgage

If you’re planning to purchase a home, it’s recommended that you get a pre-approval before you actually start looking. Essentially, a pre-approval is a backing from a lender that proves you are qualified to borrow X amount of money at a specified interest rate. Why is a pre-approval important? A pre-approval is important because it...

Making an Offer on a House
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Making an Offer on a House

You’ve finally found the house. It’s got all the rooms you need, there’s a beautiful backyard, and it’s perfect for you and your family. Now’s it’s time to make the sellers an offer. But how exactly do you do that? And what’s happens after you’ve made your offer? How does the process work? Don’t fret....

What Does a Loan Originator Do?
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What Does a Loan Originator Do?

Although there are numerous people involved in the mortgage process, perhaps the most important individual is the loan originator. So, what exactly does a loan originator actually do? And how do you know you’re working with a good one? What does it mean to be a mortgage loan originator? A loan originator, sometimes referred to...

How Does a Reverse Mortgage Work?
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How Does a Reverse Mortgage Work?

Also known as a home equity conversion mortgage (HECM), a reverse mortgage is a home loan program for homeowners 62 years of age or older. The loan allows the homeowner to tap into their home equity. Unlike other home loans, a reverse mortgage does not require monthly payments toward the mortgage itself. Although, the borrower...

Jet Direct is Now Licensed in Tennessee!
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Jet Direct is Now Licensed in Tennessee!

Jet Direct mortgage is proud to announce that we are now licensed in Tennessee. “This is an exciting step for us,” remarks CEO, Peter Pescatore. “We’re ready to start servicing home loans to The Volunteer State.” Jet Direct Mortgage is currently licensed in 16 states. Mark SpanoNMLS # 162604 Phone (631) 574-1306 X 602 Fax...

Using Your Tax Refund to Obtain a Home
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Using Your Tax Refund to Obtain a Home

United States citizens can expect an average tax refund of $3,143 this year, according the to the Internal Revenue Service (IRS). In 2018, United States citizens saw a slightly larger average tax refund of $3,436. Many view these tax refunds as ‘free money,’ which can be used to achieve greater objectives, such as purchasing a...

Myths About Refinancing a Mortgage
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Myths About Refinancing a Mortgage

If you currently have a mortgage, chances are you’ve heard of refinancing. And if you’ve heard of refinancing, chances are you’ve heard a multitude of reasons why you shouldn’t refinance your mortgage. The truth is, refinancing isn’t for everyone. But it can have tremendous benefits, primarily lowering your interest rate. Therefore, it is important to...

The Real Estate Industry is Going to be Fine
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The Real Estate Industry is Going to be Fine

The National Association for Business Economic recently released their Economic Policy Survey for February 2019, disclosing that an economic down period is on the horizon. The panelists suggest that if a recession doesn’t happen in 2019, then it will happen in the years to follow. Many other sources have been predicting a slow economic period...