Get PreApproved for a Home Loan - 2024 Tips & Tricks

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  • Опубліковано 4 чер 2024
  • Getting PreApproved for a Home Loan is the FIRST step you should take in your home buying process. But what do you need to get preapproved for a loan in the first place? I'm giving you my BEST tips & tricks so you can buy your first home and get preapproved for a loan in 2024!
    I've partnered with MoneyUnder30.com to bring you great information on buying your home! Check out the link below for more articles to help you get preapproved for a home loan this year!
    Pre-Approval Checklist: www.moneyunder30.com/mortgage...
    How to Get PreApproved for Your First Home Loan : www.moneyunder30.com/get-appr...
    #firsttimehomebuyer #mortgage #realestate
    ------------------------------------------
    Help me get closer to my GOAL of helping 100 Families EVERY YEAR buy their first home here in California!
    If you're in California, schedule a free call: calendly.com/catondelrosario/...
    Apply now at: catondelrosario.com/apply-now
    If you aren't in California, get connected with a trusted Real Estate Professional in your area:
    homeandmoney.com/caton/
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    Boring legal stuff:
    Licensed by the California Department of Business Oversight NMLS 1410686, a Licensed Representative of American Mortgage Network NMLS 1833427 Equal Opportunity Lender. All thoughts and opinions are my own, not of my company. Any rates, terms, programs, etc. mentioned in these videos are hypothetical and are not an advertisement or promise to lend. Your actual mortgage terms might vary based on qualifications. Always consult a licensed mortgage professional in your area.
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КОМЕНТАРІ • 166

  • @CatonDelRosario
    @CatonDelRosario  2 роки тому +10

    Getting Pre-Approved is a HUGE but important step in the home buying process! Ask me any questions you have about the process! 👇

    • @lakcunha7654
      @lakcunha7654 Рік тому +1

      Then there's conditional approval, which is exciting if their request is not that complex. Then they come up with other realizations, but how can that be, after underwriting twice

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      This is one of the biggest pain people have with underwriting but what I’ve experienced is a smooth process comes down to two things.
      1. Pre underwriting at PreApproval. I’ve gotten in the habit of having all my loans pre underwritten. This reduces the redundancy of needing things upfront
      2. Minimizing “surprises”. Often knowing more upfront can really help. Most LO’s tend to ask for the minimums because they don’t want to overwhelm people but I’m a big believer of getting what you can done early on. Sometimes conditions create further questions and then even more conditions, so that happens more often than it should.

    • @ahbabulhaquechowdhury76
      @ahbabulhaquechowdhury76 5 місяців тому +1

      Hi, just have a question. What if someone has one year of tax return, can they get pre-approved?

    • @CatonDelRosario
      @CatonDelRosario  5 місяців тому

      Typically we would need a minimum of two years of tax returns however there are some circumstances where one year would be sufficient. For example 2+ years work experience in the field followed by 1 year of self employment documented by a tax return.

    • @deneenhines1662
      @deneenhines1662 4 місяці тому +1

      @@CatonDelRosario What credit bureau is used for preapprovals?

  • @BigMuskie01
    @BigMuskie01 9 місяців тому +34

    As someone who is and has been an underwriter in the business for 10 years, this guy knows his stuff and how present it clearly.

  • @KennyCulture
    @KennyCulture Рік тому +2

    Excellent video, great analysis and useful examples 💯

  • @curtisjackson2920
    @curtisjackson2920 2 роки тому +2

    Great Video & keep up the Great work
    🖤🏡📶

  • @mikeGp2023
    @mikeGp2023 4 місяці тому +7

    Me and my wife just got pre-approved today

  • @dianahdz926
    @dianahdz926 Рік тому +1

    Very straightforward and great advice. Thank you very much for the video.

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      you're so welcome! was there anything that was a major takeaway for you?

  • @aray4thearts281
    @aray4thearts281 2 роки тому +4

    THANKS ! you're appreciated

  • @JeffMacey
    @JeffMacey Рік тому +3

    Thank you for sharing and explaining why knowing your number. Getting the ball started earlier will help all home buyers. Always explaining and telling my client's before they try to jump into the car to see places. 😊 Let's take it step by step.

  • @gustavogomez7331
    @gustavogomez7331 Рік тому +1

    Great video. Thanks for the information.

  • @maryanntonettethomas3736
    @maryanntonettethomas3736 Рік тому +4

    Thank you for the information. We are working with a mortgage counselor and wish he explains things as clearly as you do. If I have more questions I will definitely going to ask you to explain.

  • @user-nt9hm5ux9j
    @user-nt9hm5ux9j 7 місяців тому +1

    Watching ur videos hv made me somewhat smart towards buying. But still need more info. 1-1 call would be great. Home Buying journey in New Jersey

  • @bobbymoore6109
    @bobbymoore6109 Рік тому +1

    Awesome information!

  • @TheMMAVOICE
    @TheMMAVOICE 4 місяці тому +1

    Very helpful. Thank u!

  • @Icey1st
    @Icey1st 3 місяці тому +1

    Thank you so much ! Your video is the most helpful and I learn a lot from here. But I do have a lot of questions still😢 it’s all a little deeper questions

    • @CatonDelRosario
      @CatonDelRosario  2 місяці тому

      What are some of those deeper questions I can hopefully answer on the next video?

  • @sapankhadka
    @sapankhadka 6 місяців тому +1

    Thank you so much for this amazing video👏👏👏 do we have to have income from past two years. What if we started a new job without past experience and want to buy a house?

  • @esthergarcia3646
    @esthergarcia3646 7 днів тому

    Hi, do you work only with potential buyers in California?

  • @TiffanieMangArt
    @TiffanieMangArt Місяць тому +1

    this was a great video!!

    • @CatonDelRosario
      @CatonDelRosario  Місяць тому

      Thank you! Hope it helped! What questions do you still have?

  • @xminuseanx
    @xminuseanx 2 місяці тому +1

    Simple. Informative. Excellent! Thank you for educating me!

    • @CatonDelRosario
      @CatonDelRosario  2 місяці тому +1

      You’re welcome! What other topics would be helpful for you?

    • @xminuseanx
      @xminuseanx 2 місяці тому

      @CatonDelRosario How can we estimate a range we can potentially get pre-approved for?

    • @CatonDelRosario
      @CatonDelRosario  2 місяці тому +1

      @@xminuseanx I look at getting a client approved a little differently. It’s not a max price but rather a max payment you’re approved for
      A simple formula you can do is take your monthly gross income x 45% and then subtract your minimum monthly payments from your credit report
      That # is the max payment comfortably you could qualify for.
      Then you can plug in prices and down payments into most mortgage calculators and find out where that payment ends up being

    • @xminuseanx
      @xminuseanx 2 місяці тому +1

      @CatonDelRosario thank you! That's if the lender allows 45% DTI right?

    • @CatonDelRosario
      @CatonDelRosario  2 місяці тому +1

      @xminuseanx most lenders do, fha is a max of 46% for just the housing DTI and 56% total DTI

  • @sellwithmanuel
    @sellwithmanuel 2 роки тому +2

    great video!

  • @TheDonRamirez
    @TheDonRamirez Рік тому +9

    I'm glad you're a loan officer that's pretty straight forward with a prospective buyer. As a real estate agent helping my clients connect with a lender for their pre approval is always the most important thing. Making sure they're in good hands and learning along the way is even better! Keep it up !

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      Thank you Dinero! That’s such an amazing compliment because that’s always what I’ve strived for. It’s important to keep things simple, straightforward, without fluff or spin. Hope you’re doing well in this changing market!

  • @lleon-cv4ex
    @lleon-cv4ex 8 місяців тому +2

    If I am an independent contractor and I have a sizeable down payment but I have a ton of claimed deductions, am I still too risky to consider lending to or it depends on the amount of the property in question? I think this is why I gave up once I was denied back in 2021 when I could have gotten in at the 2% window. Totally different situation, though. I didn't have the down payment in place. My credit is 728. I need to clear down some debt. I don't know how to seem like someone to take a chance on.

  • @robyncarrillo
    @robyncarrillo 6 місяців тому +1

    Thank you!! I am a new REALTOR and this is so helpful. Feel like I am studying for a finance degree. Go U of Caton!!

  • @richardreyes6119
    @richardreyes6119 Рік тому +3

    I wish their were more information on construction loans with the VA, I see so many benefits attached to VA but most only discuss currently existing homes and shy away from builder home design

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +3

      I can definitely put something together for this! I’ve got a great friend who specializes in this so maybe I’ll do a Q&A. What are some big questions you have about using the VA to buy & build?

    • @richardreyes6119
      @richardreyes6119 Рік тому

      @@CatonDelRosario Well I currently live in NYC and my dream home build exist in Las Vegas on a lot, I understand the VA requires you live in a purchased home for 1 year minimum as like a stipulation of the loan, how would that work for constructions? Would being in a adjacent state negatively impact that, Would the requirements be more strict since it’s a construction when it comes to Credit score and such. I just know way to little about the Whole overall process, would the lot and the home construction both be on the loan. Differing cost? Any extra commitments required and why does it seem based on the little I’m aware of so many shy away from construction loans, especially Va construction loans. I wholly intend to continue renting my nyc apt as it’s a gem but would love to hopefully in the near horizon purchase this dream home as well as like a adjacent residence.. and thank you much for responding

  • @claribelvicent120
    @claribelvicent120 Рік тому +1

    Thank you Caton! Where’s the link?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      hi Claribel! here's a link to my calendar if you want to schedule a time to chat! calendly.com/catondelrosario/consult
      and here's a link to my online application: caton.floify.com

  • @DarelJettSmith
    @DarelJettSmith 8 місяців тому +5

    Wow this is literally an all in one video compiled into 13 minutes. Well done! Thank you sir

    • @CatonDelRosario
      @CatonDelRosario  8 місяців тому

      You’re welcome! Looking forward to making a 2024 update!

  • @stevieisme
    @stevieisme 9 місяців тому

    me and my family are trying to buy a home, we’ve lived in mobile homes our whole life but it would be a dream to live in a house, we’re looking to buy one like payments type thing or apply for a loan.. any advice you could give us? we never done this before it’s very frustrating because we don’t know where to even began and it seems so impossible

  • @DN-ps4bn
    @DN-ps4bn Місяць тому

    Is there a way that I can find out how much I can get preapproved for ?

  • @ginab8709
    @ginab8709 4 місяці тому +1

    Love your video

    • @CatonDelRosario
      @CatonDelRosario  4 місяці тому

      I’m glad and hope it helped! What questions do you have?

  • @roseannemarcella9897
    @roseannemarcella9897 25 днів тому +1

    Hi i have a concern, Im here in 🇺🇸 since 2023 migrated from 🇮🇪 (worked 7yrs as RN) and working as an RN so I don't have a 2yrs w2 would there be a chance to get assessed for pre approval?

  • @jayhernandez6812
    @jayhernandez6812 Рік тому +1

    Is it a good time to buy house now?

  • @shaynekamat2293
    @shaynekamat2293 11 місяців тому +1

    Hi Caton, thank you for the informative video! Is there a time limit to close on a house once you get pre-approved? I'm curious if it's a really tight window.

    • @CatonDelRosario
      @CatonDelRosario  11 місяців тому

      Usually a PreApproval letter is good for 90 days but that’s only because all the docs you provide “expire” after that much time and your credit report will usually change a little.
      As long as you aren’t making changes to anything you can shop confidently for as long as you need to, just know you’ll have to provide new docs and a credit check once you get under contract!

  • @canadianhaitian
    @canadianhaitian 26 днів тому +1

    What if I’m trying to get pre approved a second home new construction. Other property will be a rental

    • @CatonDelRosario
      @CatonDelRosario  26 днів тому

      You can use 75% of the rents from your departing home to help you qualify and offset the current mortgage!

  • @lindaghannoum6082
    @lindaghannoum6082 6 місяців тому +1

    How can I ensure proper documentation of child support payments if I’m receiving monthly checks, not captured on a court order?

    • @CatonDelRosario
      @CatonDelRosario  4 місяці тому +1

      unfortunately to use child support as income, you'll need a court order.

  • @DanielLeahy-fr3np
    @DanielLeahy-fr3np 5 місяців тому +1

    Hey! Thanks for the video! I am looking to purchase a home that unexpectedly came back on the market. However, I just had a hard inquiry on my credit report because I thought I would not be shopping for a home for a few months. My credit in excellent shape, but how negative will this recent hard inquiry affect my pre approval odds?? Thank you!!!!

    • @CatonDelRosario
      @CatonDelRosario  5 місяців тому

      Hi! You’re welcome!
      That recent inquiry will honestly do next to nothing. Hard inquiries for mortgages have a tiny impact but of course are a necessary evil in making sure you’re approved and get a solid quote for a mortgage.
      What makes a bigger impact is new debt which is usually the result of an inquiry but if you have excellent credit you probably have little to nothing to worry about!
      I’d love to help you on your home buying journey! Here’s a link for you to start your home buying journey! catondelrosario.com

  • @RayRx84
    @RayRx84 Рік тому +6

    What if I have a substantial student loan on an IBR plan? How does that factor in with everything? Thanks.

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      Typically if you’re in repayment we can use that payment to qualify you otherwise we’d use 0.5-1% of the outstanding balance if you’re in deferment

    • @danka2000
      @danka2000 11 місяців тому

      Canton is right. Payment listed on credit report can be used even if it’s $0.

  • @bxtechie7250
    @bxtechie7250 Рік тому +1

    Thank you for such a great video! One question I have is if the lenders who pre-approve you have to be the same lenders who you sign the mortgage loan with? If they must be one and the same, then it seems like you have to shop for interests rates, fees and mortgage rates as early as the pre-approval step. Is that correct?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +2

      yes and no! the thing with shoping for rates is that things change every day so one day one lender could be out and another would be in. That being said, I'm a big proponent that the cheapest rate with a so-so lender is more expensive than a competitive rate with an experienced lender. You're not just vetting rates and fees, but also the professional handling your mortgage and buying experience.
      I've seen it too many times where homebuyers race to the bottom of the rate sheet and fees just to lose on a home or even their deposit because the loan officer who gave that super low rate also gave terrible service or never was available to help.

  • @leakyspaceboots7542
    @leakyspaceboots7542 Рік тому

    I was under the impression you needed 20% down to buy a house. I would much rather put 10% down and keep the extra cash on hand. It seems like the monthly cost isn't affected much by your down payment, unless you are putting huge numbers down. Are there any advantages to putting down a larger down payment?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      No real advantage other than the lower payment! I’m the same. I did 5% on my home and bought below my means saving on both cash out of pocket and my monthly that way.

  • @chelseacoral4809
    @chelseacoral4809 Рік тому +2

    Hi Caton! Thank you so much for this amazing video! Do you have any advice for a couples who aren’t married but want to buy a house together? 🙏🏼

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +2

      You’re welcome! You can absolutely do it! There’s really no advantage to being married vs unmarried in fact my wife and I bought our home before we got married!
      My only tip would really be to get on the same page for your finances and goal for the property. As well as sorting out how you want to hold title before and after marriage with a title attorney when you do get under contract for a home!

    • @chelseacoral4809
      @chelseacoral4809 Рік тому +1

      @@CatonDelRosario Great advice! Thank you for your reply :)

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      You’re welcome! Glad to help!

  • @benyamindavid8822
    @benyamindavid8822 2 місяці тому +1

    Does a loan taken against my life insurance policy can be used as an approved source of fund?

  • @fabvibe1337
    @fabvibe1337 Місяць тому +2

    How about if the lender saying that the credit score is too low 615 for fha loan...

    • @CatonDelRosario
      @CatonDelRosario  Місяць тому

      Find a new lender! We do FHA down to 580 with 3.5% down.

  • @sandrariggs3495
    @sandrariggs3495 9 місяців тому +2

    I don't pay property taxes VA home loan

    • @CatonDelRosario
      @CatonDelRosario  9 місяців тому

      That’s awesome and thank you for your service! It depends largely on the state/county, most places either discount or entirely waive property taxes for disabled veterans.

  • @NgaNguyen-rs4yb
    @NgaNguyen-rs4yb 9 днів тому +1

    Can I ask you, when get pre-approved with 2-3 lenders, why credit score does not affect after 45 days?

    • @CatonDelRosario
      @CatonDelRosario  9 днів тому

      There was a change in the laws around mortgage inquiries specifically after 2008 that allowed home buyers the ability to shop for a mortgage without penalty. Since each inquiry would theoretically impact the score, it would give the first lender an unfair advantage and disincentivize buyers from shopping for a better rate

  • @erickkim330
    @erickkim330 7 місяців тому +1

    My wife and i have our w2s ready but we took a small break because we were moving States. Our w2 obviously didn't reflect our full working hours. Would it still be ok to submit or should we wait another year?

    • @CatonDelRosario
      @CatonDelRosario  7 місяців тому

      That’s fine! W2’s mostly help to show job history. But if you’re in more or less the same line of work we’ll go off your effective pay now. What state are you looking to buy in?

    • @erickkim330
      @erickkim330 7 місяців тому +1

      We moved to Boise, Idaho from southern california. Homes are definitely a lot cheaper here and our loaner officer said that we won't have any issues with getting pre-approved especially since our salaries are essentially the same from Cali. We're just afraid that our "pre-approved amount" is less than what we would like if we submit weaker w2s.

    • @CatonDelRosario
      @CatonDelRosario  7 місяців тому

      @erickkim330 yeah you’ll be totally fine, we’re looking more at your current income vs what last years W2 was. If you’re making more that what showed then it’s typically a good thing for us.

  • @sst9364
    @sst9364 Рік тому +1

    Thanks for video, looking to buy a house, we have a 2 family we are looking on keeping and renting out. How does rent affect income (it at 100% or less)? Also house had plenty of equity and mild mortgage. Like to see How much extra to put on total income with rents of both units. Or if I need to know anything else. Looking at average 500k house

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +1

      Good question! When we qualify you for a new home and you plan on renting the next, we use 75% of the proposed rent to help you qualify. So let's say you had a mortgage of $2000 and you rented it for $2500, you'd have a gross rental income of $1875 but NET rental loss of $125 counted against your debt to income. of course the rent you have should be reasonable for your area as well, so if you say you're renting it for $3000 but the average rent is only $2000 you might have a hard time getting qualified without proof of rent.

    • @sst9364
      @sst9364 Рік тому +1

      @@CatonDelRosario
      Thank you, for assisting with that. Mortgage is around 2500 one unit rented at 1900 and when we move from this unit looking on renting out for 2200 , so I am guessing they should account for 1200 additional income?, trying to make simple math. And not complicate the debt to income ratio.

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +1

      Yep that’s spot on! What state are you buying in?

    • @sst9364
      @sst9364 Рік тому

      @@CatonDelRosario Massachusetts

  • @shaibinantony3496
    @shaibinantony3496 Місяць тому

    Why Barclays bank is not booked valuation of property after personal check?I submitted application 20 days back. Still waiting for mortgage offer

    • @CatonDelRosario
      @CatonDelRosario  Місяць тому

      Most big banks SUCK at processing mortgages. I know most run 40+ days to process them for whatever reason. Hence why I always recommend a local mortgage broker. We preapprove in 24 hours and close loans in 15 days or less

  • @KINTOSOL007
    @KINTOSOL007 Місяць тому +3

    MY CREDIT SCORE IS TRANSUNION 721 EQUIFAX 730 EXPERIAN 683 WHY DID LOAN OFFICER GIVE ME FHA PRE APPROVAL IF I QUALIFY FOR CONVENTIONAL I THINK CONVENTIONAL WE GET MORE OPTIONS TO BUY A HOUSE SOME HOUSES IN THE INFO WILL SAY NOT FHA APPROVED OR AM I WRONG UNDERSTANDING BETWEEN FHA & CONVENTIONAL

    • @CatonDelRosario
      @CatonDelRosario  Місяць тому

      Great question! In my personal experience lately, when it comes to a client’s monthly payment FHA is slightly better than conventional when putting less than 10% down and especially on condos where conventional has waaaaay higher rates than FHA.
      It’s a common misconception that there are more “qualified” properties for conventional vs FHA. this is mostly true for condos since they have to be FHA approved complexes, but conventional and fha appraisals follow close to the same rules.

  • @purelyizzy
    @purelyizzy 11 місяців тому +1

    If I am going to try to get down payment assistance on FHA do i need to still have the 3.5 percent savings ?

    • @CatonDelRosario
      @CatonDelRosario  11 місяців тому

      Hi! You don't necessarily need it since most programs will cover the down payment, however you should still have money set aside for closing costs in case the program doesnt cover it.

    • @purelyizzy
      @purelyizzy 11 місяців тому

      Thank you ! For your advice.

  • @user-zy8ct8yr7n
    @user-zy8ct8yr7n 8 днів тому +2

    Is the 30-35% from before or after tax amount?

    • @CatonDelRosario
      @CatonDelRosario  8 днів тому

      Before tax but I mean after tax would make it even more reasonable to afford comfortably

  • @markymarkR
    @markymarkR Місяць тому +1

    Does it matter if you suddenly make a big deposit now to your account with regard to getting pre-approved?

    • @CatonDelRosario
      @CatonDelRosario  Місяць тому

      It definitely can be a red flag for us. Normal deposits like paychecks are fine but anything else can get flagged and will need to be papertrailed and sourced.

  • @maangelicamarcelino8704
    @maangelicamarcelino8704 Рік тому +3

    Hi Caton, if I am taking out a loan from my 401k for my downpayment; Does it have to show on my bank account that it’s taken out already or I can just tell the lender that’s my plan without taking it out yet?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +1

      Hi Angelica This has become a much more popular option. Typically your 401k will let you make that loan with better terms once you’re under contract on a home, but you need to verify with your 401k holder how much you can take out first!
      If you’d like to ask any more specific or detailed questions you can schedule a quick 1-on-1 here I’ll be happy to help!
      calendly.com/catondelrosario/consult

  • @cms7321
    @cms7321 5 місяців тому +1

    If you are using VA disability income along with your employment income, do you have to be receiving VA disability income for 2 years?

    • @CatonDelRosario
      @CatonDelRosario  5 місяців тому +1

      You do not need the 2 year history for VA disability! It can be used immediately

    • @cms7321
      @cms7321 5 місяців тому +1

      @@CatonDelRosario thank you for responding!🙂

    • @CatonDelRosario
      @CatonDelRosario  5 місяців тому

      @cms7321 you bet! What state are you planning to use your VA loan in!

    • @cms7321
      @cms7321 5 місяців тому

      @@CatonDelRosario in Indiana

  • @gmnotarynow-mobileservices6248

    I have a job and a side business, how will that be accounted for as far as income is concerned?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      Usually if you’ve got a second job we want to see a minimum of 12-24 months of that. If you’re self employed then definitely two years of taxes for that.

    • @gmnotarynow-mobileservices6248
      @gmnotarynow-mobileservices6248 Рік тому +1

      @@CatonDelRosario ok great I’ve been reporting my business on my taxes along with my W2s. For the past 3-4 years… This works right?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      Yep! That should be perfect

  • @Laughlivelove84
    @Laughlivelove84 24 дні тому +1

    Im a small business owner with about 500k in savings, retirement, and investment accts. 2 paid off vehicles with a credit score in the 700s. I also live very frugally and have virtually no debt. I pay off my credit cards in full every month, and i still got rejected for a mortgage. What gives?

    • @CatonDelRosario
      @CatonDelRosario  24 дні тому

      Oof yeah so I mean it won’t make you feel better but you aren’t the only one.
      Most traditional mortgages have to go off of your tax returns because that’s what you’re telling the IRS you actually make before taxes but after expenses. So if you have a great CPA who minimizes your taxes, you’re almost writing off almost everything. A lot of my business owner clients usually find it easier if they pay themselves well via W2 income with an S Corp.
      Alternate option would be to do a bank statement loan that analyzes the cash flow of your business accounts and takes into account a % for your normal expenses.
      As a business owner myself it’s hard to get a mortgage but those are the two ways I recommend going about it.

    • @Laughlivelove84
      @Laughlivelove84 24 дні тому

      @CatonDelRosario thanks for the info. Guess i'll just keep working on getting these finances in order and play the game right way or just keep stacking and go FIRE on them. Move to a cheaper country and live life the way the Gods intended. Lol

  • @GeronimoLogistics
    @GeronimoLogistics Рік тому +1

    What If you go from one career to a different career but still salary increase?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому +1

      Great question! If it’s drastically different that could reset the 2 year timer. However if it’s a logical move upward in the same line of work then that’s acceptable!

  • @MrsBooks-xj4hc
    @MrsBooks-xj4hc 7 місяців тому +1

    I would like to be prequalified to buy a home in Georgia...someday. Would you still be able to help me? I live in California.

    • @CatonDelRosario
      @CatonDelRosario  7 місяців тому

      Absolutely! You can schedule a time to chat on my calendar here: calendly.com/catondelrosario/consult and we can walk you through what to do

  • @JoseVargas-sw5gp
    @JoseVargas-sw5gp 5 місяців тому +1

    Is 2 years of work history always necessary?

    • @CatonDelRosario
      @CatonDelRosario  5 місяців тому

      Yes, but you can get around it with time in school if you studied for what career path you’re in ex. Trade schools or specialized paths like nursing, law, electricians, etc

  • @assuntamauro6781
    @assuntamauro6781 Місяць тому

    I make thirty- thousand a year, do I qualify for this program ?

  • @imeaniguess.6963
    @imeaniguess.6963 8 місяців тому +1

    What if I have good credit and the co-signer doesn’t?

    • @CatonDelRosario
      @CatonDelRosario  8 місяців тому +1

      In the case of multiple co-signers we use the lowest of the two credit scores but having a co-signer with better and more established credit can help strengthen the file overall as long as the lowest score still meets the required minimums

    • @imeaniguess.6963
      @imeaniguess.6963 8 місяців тому +1

      @@CatonDelRosario Okay, thanks.

  • @scottlennon9714
    @scottlennon9714 7 місяців тому +1

    iConfused

  • @marciarussell1153
    @marciarussell1153 Місяць тому

    Why is it that I can pay someone 2000 dollars for years to help them pay their mortgage, but to get something for yourself they going to tell you that you aren't capable of paying a mortgage on your your own. They put you through the ringer, and to pay for someone else you didn't even have to come up with 3%😢getting mortgage they need your blood type your first born how you menstrate, what side of the bed you sleep🙄

  • @coreygumball
    @coreygumball Рік тому

    Im in oc looking to buy the dream loan house deal hmu if you wanna help me make that happen

  • @rosemarylimpangug1989
    @rosemarylimpangug1989 Рік тому +1

    I need help lol

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      I’ve got you! Use this link to schedule a 1-on-1 and I’ll help you make a game plan. calendly.com/catondelrosario/consult

  • @alirageef
    @alirageef 11 місяців тому

    Why you don’t just keep it straight without all these bad music and destructions

    • @CatonDelRosario
      @CatonDelRosario  11 місяців тому +1

      There are chapter markers if you want to skip ahead

  • @annabodyul4541
    @annabodyul4541 Рік тому

    Need to speak more slowly

  • @BriannaParkerz
    @BriannaParkerz 11 місяців тому +1

    I got bank statement and paystubs from Cyber credible and I was approved the following day

    • @Derismaharris
      @Derismaharris 10 місяців тому

      Legit I got the bank statement in my email from Cyber credible

  • @mywa8314
    @mywa8314 Рік тому +1

    What if i have only 1 year of W2? Can i still purchase a home?

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      Great question! It depends, what were you doing in the years prior to starting your current W2 job?

    • @mywa8314
      @mywa8314 Рік тому +1

      @Caton Del Rosario - Millennial Mortgage Pro I was working under cash, no checks.

    • @CatonDelRosario
      @CatonDelRosario  Рік тому

      Got cha, it would definitely be harder to prove employment and income if they didn’t have you on a payroll, so you’ll need two years in a W2 position to qualify

    • @mywa8314
      @mywa8314 Рік тому

      @@CatonDelRosario ah ok. Bummer.

  • @djamilsakhri5619
    @djamilsakhri5619 Рік тому +1

    any contact number I can call

  • @flygalteach
    @flygalteach 3 місяці тому +1

    Great advise! I have my pre-approval and I've been reducing my debt; your advice about $50 less debt means an additional $10K in home purchase was key to understanding how I can get the most home for my money. Thank you!