Debloke Finans

What Documents Are Needed When Applying for a Mortgage? Buying a home is one of the most exciting things you will do in your lifetime; however, you will need to get your financial house in order before packing to move into your new one. And the best way to do that is to learn some home-buying basics and about the mortgage process, as well as the documents you will need to have in order if you want your loan to be approved. So let's go over the documents and some of the other things you will need to get mortgage approval. Below we are going to cover the most common loan options available, as well as a few other helpful programs that might be beneficial to you. What you will need for a Conventional Mortgage A conventional mortgage is one that is not guaranteed or insured by a goverment agency such as in the case with Federal Housing Administration (FHA) or a Department of Veterans Affairs (VA) loan. And a conventional mortgage usually has a fixed rate and term. Here is what you will need when you apply for a conventional mortgage. Lending Requirements for a Conventional Mortgage A FISCI score at least 620 A 5%-20% down payment ( in most cases). You will need to put at least 20% if you want to avoid paying PMI (Private Mortgage Insurance) You need to have an acceptable debt-to-income ration. Have a loan amount that is higher than that FHA loan limit. Documents Needed to Appy for a Conventional Mortgage Current and previous W-2s for each applicant.Pay stubs for each applicant.Bank statements for each applicant if you don’t have a joint account.A gift letter if you were gifted your down payment.A list of all your current debts and assets.If you rent, you will need proof that you paid your rent on time.Credit reports for each applicant.Your profit and loss statements if you are self-employed.Proof of any additional income you might have.A copy of the sales contract signed by all parties.A copy of your divorce decree if applicable.A copy of your bankruptcy paperwork if applicable.Ki dokiman ki nesesè lè w ap aplike pou yon ipotèk? Achte yon kay se youn nan bagay ki pi enteresan ou pral fè nan lavi ou; sepandan, w ap bezwen jwenn kay finansye ou an nan lòd anvan anbalaj yo deplase nan nouvo ou a. Ak pi bon fason pou w fè sa se aprann kèk bagay de baz pou achte kay ak sou pwosesis ipotèk, ansanm ak dokiman w ap bezwen genyen yo si w vle prè w la apwouve. Se konsa, an n ale sou dokiman yo ak kèk lòt bagay w ap bezwen pou ipotèk apwobasyon. Anba a nou pral kouvri opsyon prè ki pi komen ki disponib, ansanm ak kèk lòt pwogram itil ki ta ka benefisye ou. Sa w ap bezwen pou yon ipotèk classiques Yon ipotèk konvansyonèl se yon ipotèk ki pa garanti oswa asire pa yon ajans gouvènman tankou nan ka a ak Federal Housing Administration (FHA) oswa yon prè Depatman Veteran Affairs (VA). Ak yon ipotèk konvansyonèl anjeneral gen yon to fiks ak tèm. Men sa w ap bezwen lè w ap aplike pou yon ipotèk konvansyonèl. Kondisyon pou prete pou yon ipotèk konvansyonèl Yon nòt FISCI omwen 620 Yon peman 5% -20% (nan pifò ka yo). W ap bezwen mete omwen 20% si w vle evite peye PMI (Private Mortgage Insurance) Ou bezwen gen yon rasyon akseptab dèt-a-revni. Gen yon montan prè ki pi wo pase limit prè FHA sa a. Dokiman ki nesesè pou aplike pou yon ipotèk konvansyonè Ranpli deklarasyon taks pou de dèn

Converting term life to whole life insurance You realize the importance of life insurance and the value of the financial protection it provides. When you purchased your term life insurance policy from State Farm Life Insurance Company or State Farm Life and Accident Assurance Company (Residents of NY and WI only), you took the important step of providing protection for your loved ones for a specified period of time. However, have you considered the benefits of converting to a permanent life insurance policy? Benefits of converting term life to permanent life Permanent life insurance, such as whole life, offers premiums that remain the same and provides your loved ones with protection throughout your lifetime provided premiums are paid as required. A permanent life insurance policy builds cash value, which can be withdrawn or borrowed during your lifetime. Unpaid loans and withdrawals will reduce the guaranteed death benefit and policy cash value. Loans also accrue interest. If you convert qualifying term life insurance to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the premiums you have paid on your existing term coverage during the 12 months prior to converting. This offer is only available during the first five years of your term life insurance coverage. You have the option of converting your term life insurance to permanent life insurance, regardless of your health or occupation, at any time prior to age 75 (subject to established minimums) Konvèti lavi tèm nan asirans lavi antye Ou reyalize enpòtans asirans vi ak valè pwoteksyon finansye li bay. Lè ou te achte kontra asirans vi tèm ou nan State Farm Life Insurance Company oswa State Farm Life and Accident Assurance Company (Rezidan NY ak WI sèlman), ou te pran etap enpòtan pou bay pwoteksyon pou moun ou renmen yo pou yon peryòd tan espesifik. Sepandan, èske ou konsidere benefis ki genyen nan konvèti nan yon kontra asirans vi pèmanan? Benefis konvèti lavi tèm nan lavi pèmanan Asirans vi pèmanan, tankou tout vi, ofri prim ki rete menm jan an epi ki bay moun ou renmen yo pwoteksyon pandan tout lavi ou depi yo peye prim jan sa nesesè. Yon kontra asirans lavi pèmanan bati valè lajan kach, ki ka retire oswa prete pandan lavi ou. Prè ki poko peye ak retrè yo pral diminye benefis lanmò garanti a ak valè lajan kach politik la. Prè tou akimile enterè. Si ou konvèti sirans vi tèm ki kalifye nan yon vi pèmanan oswa yon kontra asirans vi inivèsèl, prim premye ane nouvo politik la ap redwi. Kantite rediksyon an baze sou prim ou te peye sou pwoteksyon tèm ou te egziste pandan 12 mwa anvan konvèti a. Òf sa a disponib sèlman pandan senk premye ane kouvèti asirans vi tèm ou. Ou gen opsyon pou konvèti asirans vi tèm ou an nan asirans vi pèmanan, kèlkeswa sante w oswa okipasyon, nenpòt ki lè anvan laj 75 (sijè a minimòm etabli). https://www.statefarm.com/insurance/life/resources/converting-term-to-permanent

The Florida Department of Agriculture and Consumer Services released the preliminary damage assessment for agriculture, following Hurricane Ian. According to Commissioner of Agriculture Nikki Fried, the loss is estimated between $1,180,714,303 and $1,888,305,886. Those losses don’t just include damage to crops, but also losses to agriculture production and infrastructure. According to a FDACS press release, agriculture is Florida’s second largest industry. The team will continue to collaborate with industry partners to learn more information about the depth of the impact. Fried plans to work with Florida’s Congressional Delegation and US Senators on a relief package. The team is also considering citrus tree replacement, animal infrastructure damages, and forestry for Florida producers. Depatman Agrikilti ak Sèvis Konsomatè Florid te pibliye evalyasyon preliminè domaj pou agrikilti, apre siklòn Ian. Dapre Komisyonè Agrikilti Nikki Fried, pèt la estime ant $1,180,714,303 ak $1,888,305,886. Pèt sa yo pa sèlman enkli domaj nan rekòt, men tou pèt nan pwodiksyon agrikilti ak enfrastrikti. Dapre yon lage laprès FDACS, agrikilti se dezyèm pi gwo endistri nan Florid. Ekip la ap kontinye kolabore ak patnè endistri yo pou aprann plis enfòmasyon sou pwofondè enpak la. Fried planifye pou l travay avèk Delegasyon Kongrè Florid la ak Senatè Ameriken yo sou yon pake sekou. Ekip la ap konsidere tou ranplasman pyebwa Citrus, domaj enfrastrikti bèt yo, ak forè pou pwodiktè Florid yo. https://www.wuft.org/news/2022/10/24/estimated-impact-hurricane-ian-on-florida-agriculture-industry-tops-1-billion/

The Inflation Reduction Act contains $500 billion in new spending and tax breaks that aim to boost clean energy, reduce healthcare costs, and increase tax revenues. The Inflation Reduction Act of 2022 (IRA), signed into law on August 16, 2022, directs new federal spending toward reducing carbon emissions, lowering healthcare costs, funding the Internal Revenue Service, and improving taxpayer compliance.1 The act aims to catalyze investments in domestic manufacturing capacity, encourage procurement of critical supplies domestically or from free-trade partners, and jump-start R&D and commercialization of leading-edge technologies such as carbon capture and storage and clean hydrogen. It also allocates money directly to environmental justice priorities and requires recipients of many funding streams to demonstrate equity impacts. The Congressional Budget Office (CBO) estimates that the law will reduce budget deficits by $237 billion over the next decade.2 This is the third piece of legislation passed since late 2021 that seeks to improve US economic competitiveness, innovation, and industrial productivity. The Bipartisan Infrastructure Law (BIL), the CHIPS & Science Act, and IRA have partially overlapping priorities and together introduce $2 trillion in new federal spending over the next ten years. Lwa sou Rediksyon Enflasyon an gen 500 milya dola nan nouvo depans ak albwatasyon taks ki vize pou ranfòse enèji pwòp, diminye depans swen sante, ak ogmante revni taks. Lwa sou Rediksyon Enflasyon 2022 (IRA), ki te siyen an lwa nan dat 16 out 2022, dirije nouvo depans federal nan direksyon diminye emisyon kabòn, bese depans swen sante, finansman Internal Revenue Service, ak amelyore konfòmite kontribyab yo.1 Lwa a gen pou objaktif pou katalize envèstisman nan kapasite fabrikasyon domestik, ankouraje akizisyon founiti enpòtan nan peyi oswa nan patnè komès gratis, ak rekòmanse R&D ak komèsyalizasyon nan teknoloji avanse tankou kaptire ak depo kabòn ak idwojèn pwòp. Li tou asiyen lajan dirèkteman nan priyorite jistis anviwònman an epi mande pou moun k ap resevwa anpil kouran finansman demontre enpak sou ekite. Biwo Bidjè Kongrè a (CBO) estime ke lwa a pral diminye defisi bidjè a $237 milya dola pandan pwochen deseni yo.2 Sa a se twazyèm moso lejislasyon ki te pase depi fen 2021 ki ap chèche amelyore compétitivité ekonomik Etazini, inovasyon, ak pwodiktivite endistriyèl. Lwa sou Enfrastrikti Bipatisan (BIL), Lwa CHIPS ak Syans, ak IRA gen priyorite ki pasyèlman sipèpoze epi ansanm prezante $2 milya nan nouvo depans federal pandan dis pwochen ane yo https://www.mckinsey.com/industries/public-and-social-sector/our-insights/the-inflation-reduction-act-heres-whats-in-it

In this episode we introduce our newest team member Rubin Dolce. We also discuss a battle with a lender to get our client approved. Finally we briefly discuss interest rates.

#credit #deblokem

Ki sa ki se yon nòt kredi ? Rezilta imaj pou nòt kredi cfpb Yon nòt kredi predi konbyen chans ou gen pou peye tounen yon prè alè. Yon modèl ki fè nòt itilize enfòmasyon ki soti nan rapò kredi ou pou kreye yon nòt kredi. Konpayi yo sèvi ak yon fòmil matematik - yo rele yon modèl nòt - pou kreye nòt kredi ou apati enfòmasyon ki nan rapò kredi ou. #atisayisyen #ayisyen #deblokefinans #deblokem #haitianfood #haitianmusic #diaspora #mokikle #haiti #haitianfood

This show was recorded on July 1, 2019. We celebrated Haiti's win with a music mix Haiti came back from a two-goal halftime deficit, shocking Canada 3-2 at NRG Stadium in Saturday evening's quarterfinal match to secure their first-ever place in the 2019 Concacaf Gold Cup semifinals. After the mix we talk about how to structure your life insurance with not only living benefits but with a variety products

Where the buyer pays additional discount points or makes a substantial down payment in return for a below market interest rate; or the seller offers 3-2-1 interest payment plans or pays closing costs such as the origination fee. During times of high interest rates, buy-downs may induce buyers to purchase property they may not otherwise have purchased.

Schedule a home inspection Once you’ve chosen a home, schedule a home inspection appointment as soon as possible. You want to have plenty of time to resolve any problems. What to do now Find a home inspector Choose an inspector with a reputation for being honest and thorough. You want someone who will give you a complete and honest assessment of the physical condition of the home. Schedule an independent inspection for the home as soon as possible You want to know as soon as possible if there are any major problems with the home so you can decide whether or not you still want to buy the home. Also, if additional inspections are needed, you’ll want to have plenty of time to get them completed. What to know You should choose the home inspector yourself and plan to pay the inspector directly at the time of service You want an independent home inspector who is accountable to you and will give you a complete inspection and an honest opinion. If the home inspector is being paid by someone else or not paid until closing, the inspector might underemphasize any problems with the home. You may be able to negotiate with the seller or cancel the sale based on the inspection If repairs are needed, you may want to negotiate with the seller about who should make or pay for the repairs. Depending on the terms of your purchase contract and local market conditions, the seller may or may not agree to pay for the repairs. If your purchase contract is contingent on a satisfactory inspection, you have the right to cancel the sale without penalty if you are not satisfied with the results of the inspection. How to avoid pitfalls Don’t buy a home without having it thoroughly inspected Inspections are for your protection. Don’t choose a home inspector without checking their history Depending on your area, home inspectors may not be required to be licensed. Before choosing an inspector, ask for references from prior customers and look up the inspector with your local Better Business Bureau (BBB) and any state or county licensing authority.

What is a debt-to-income ratio? Why is the 43% debt-to-income ratio important? Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow. To calculate your debt-to-income ratio, you add up all your monthly debt payments and divide them by your gross monthly income. Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out. For example, if you pay $1500 a month for your mortgage and another $100 a month for an auto loan and $400 a month for the rest of your debts, your monthly debt payments are $2,000. ($1500 + $100 + $400 = $2,000.) If your gross monthly income is $6,000, then your debt-to-income ratio is 33 percent. ($2,000 is 33% of $6,000.) Evidence from studies of mortgage loans suggest that borrowers with a higher debt-to-income ratio are more likely to run into trouble making monthly payments. The 43 percent debt-to-income ratio is important because, in most cases, that is the highest ratio a borrower can have and still get a Qualified Mortgage. There are some exceptions. For instance, a small creditor must consider your debt-to-income ratio, but is allowed to offer a Qualified Mortgage with a debt-to-income ratio higher than 43 percent. In most cases your lender is a small creditor if it had under $2 billion in assets in the last year and it made no more than 500 mortgages in the previous year. Larger lenders may still make a mortgage loan if your debt-to-income ratio is more than 43 percent, even if this prevents it from being a Qualified Mortgage. But they will have to make a reasonable, good-faith effort, following the CFPB’s rules, to determine that you have the ability to repay the loan.

Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow. To calculate your debt-to-income ratio, you add up all your monthly debt payments and divide them by your gross monthly income. Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out. For example, if you pay $1500 a month for your mortgage and another $100 a month for an auto loan and $400 a month for the rest of your debts, your monthly debt payments are $2,000. ($1500 + $100 + $400 = $2,000.) If your gross monthly income is $6,000, then your debt-to-income ratio is 33 percent. ($2,000 is 33% of $6,000.) Evidence from studies of mortgage loans suggest that borrowers with a higher debt-to-income ratio are more likely to run into trouble making monthly payments. The 43 percent debt-to-income ratio is important because, in most cases, that is the highest ratio a borrower can have and still get a Qualified Mortgage. There are some exceptions. For instance, a small creditor must consider your debt-to-income ratio, but is allowed to offer a Qualified Mortgage with a debt-to-income ratio higher than 43 percent. In most cases your lender is a small creditor if it had under $2 billion in assets in the last year and it made no more than 500 mortgages in the previous year. Larger lenders may still make a mortgage loan if your debt-to-income ratio is more than 43 percent, even if this prevents it from being a Qualified Mortgage. But they will have to make a reasonable, good-faith effort, following the CFPB’s rules, to determine that you have the ability to repay the loan.

Real Estate Lingo in Haitian Creole that includes appraisal, interest rate, deposit, closing cost and more