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Prosperity Home Mortgage, LLC, has earned recognition for exemplary service in a recently aired episode of Lifetime TV’s Designing Spaces show that focused on the benefits of homeownership.

The segment starred Mortgage Bankers Association President and CEO David Stevens, along with Keith and Courtney Williams and their family from the Washington, D.C., region. The Williamses worked with Jody Eichenblatt, a mortgage consultant for Prosperity in Arlington, Va., for their home financing. Although they did not name Eichenblatt directly in the segment, they spoke highly of his service, commending how responsive and communicative he was during the homebuying process.

“We’re very proud of Jody and his role in helping the Williams family purchase their dream home,” said Tim Wilson, CEO of Prosperity. “Jody is just one example of our many fantastic mortgage consultants who provide knowledgeable, professional, top-notch service to all of our clients. We have an amazing team at Prosperity, and we’re thrilled to see Keith and Courtney sharing their story.”

At Prosperity, we are committed to creating a positive mortgage experience, setting the highest standard for customer service, and consistently exceeding the expectations of our clients. Our team of mortgage professionals is available to guide you every step of the way to help ensure your home buying process is a smooth one.  If you have any questions about buying a home, contact a mortgage consultant near you!

Click here to view the segment.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2015 Prosperity Home Mortgage, LLC. All Rights Reserved.


Welcome to our new mortgage team in the greater Chattanooga area!

Prosperity Home Mortgage, LLC, has expanded its operations into the greater Chattanooga metropolitan area. In April, a team of four knowledgeable and experienced mortgage professionals from RealtyCenter Mortgage, LLC, joined Prosperity. The team, which includes Jennifer Toomey, Ronnie Burk, Jennifer Bryant and Raina Camp, will serve the financing needs of homeowners and homebuyers in southeast Tennessee and northwest Georgia.

Going forward, they will serve as the lending partner of Berkshire Hathaway HomeServices Realty Center. In that role, the Prosperity team will work closely with Realty Center’s over 150 real estate professionals in its five local offices, helping the agents and their clients to achieve their real estate goals.

“RealtyCenter Mortgage built a reputation for providing the highest quality of service and support to clients in the greater Chattanooga area. By bringing their team to Prosperity, our company will deliver even more exceptional service and competitive rates to buyers and sellers in Tennessee and Georgia,” said Tim Wilson, CEO of Prosperity. “At Prosperity, we lead the way with cutting-edge tools and technology, as well as competitive loan products, and we look forward to the energetic partnership created by teaming with these exceptional mortgage professionals.”

By joining Prosperity, these mortgage professionals gain the advantages of a much larger company with more resources and better technology, while also maintaining the family approach to business that ensures their clients’ continued real estate success. Prosperity offers a wide range of mortgage products, including fixed and adjustable rate mortgages. It is represented by more than 150 mortgage consultants and operates its own in-house processing, underwriting and closing at its five operation centers across the East Coast. Prosperity also coordinates its clients’ appraisals and mortgage fulfillment in-house.

Prosperity is focused on growing its business throughout the East Coast, and the addition of the RealtyCenter team aligns with the company’s long-term growth strategy, according to Wilson.

Locate your local mortgage consultant in Chatanooga, TN here!

Locate your local mortgage consultant in Fort Oglethorpe, GA here!

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2015 Prosperity Home Mortgage, LLC. All Rights Reserved.


Tax time is almost here and many people, when they see their tax bills, will be wondering what they can do to pay less next year. Buying a home continues to provide great tax benefits as well as other advantages for Americans looking to build wealth. Below, top-ranked national real estate expert and consumer advocate Rhonda Duffy shares 5 benefits of buying a home.

"If you're caught in a renting rut or uncertain about joining the ranks of homeowners, you should consider the benefits of buying a home," says Duffy. "Although home prices are slowly inching upward, now is still an excellent time to buy. This is especially true if you're a first-time homebuyer. Here are five benefits of homeownership:"

 

  • Tax advantages: "When tax time rolls around, homeowners are entitled to deduct certain expenses related to their mortgage payments and owning a home. Mortgage interest is typically deductible. In the early years of your loan, this is a sizable amount because a large portion of your mortgage payment is interest. You can deduct mortgage points, which are fees you pay to receive a lower interest rate. You can also deduct your property tax, and you might be eligible to deduct your private mortgage insurance."
  • Appreciation: "When you rent, your money goes to someone else. There's no benefit to you other than a roof over your head. When you buy, you earn appreciation as the value of your home goes up. Instead of paying rent, you'll pay a mortgage and invest in future returns. For example, if you buy a house for $150,000 and five years later, it's valued at $200,000, you have a $50,000 return on your investment."
  • Catching an upswing in home values: Although the increase in home prices nationally slowed last year, prices are expected to continue to rise this year. "If you want to buy before you're priced out of the market, now is the time to make your move," Rhonda says.
  • Lower interest rates: Mortgage interest rates remain at relatively low levels, especially compared to rates that were in the 8 to 9 percent range 20 years ago. "Even as recently as 2007, rates were in the 6 percent range."
  • Pride of ownership: "Perhaps the most satisfying of all the benefits of buying a home is the sense of gratification you feel when you relax in your own home. You can remodel and update as you please, you don't have to rely on a landlord for repairs, and you have a sense of stability."

 

If you're thinking of buying a home, we can help you get started today!

 

 

 

Reprinted with permission from RISMedia. ©2015. All rights reserved.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Georgia, Maryland, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2015 Prosperity Home Mortgage, LLC. All Rights Reserved.


Same house, lower mortgage payment.

To help make housing more affordable for home buyers and homeowners, FHA recently reduced annual FHA mortgage insurance premiums (MIP) for new mortgage loans.  Refinancing into a lower monthly FHA MIP may help homeowners:

  • Reduce an existing overall mortgage payment
  • Reduce an existing mortgage interest rate
  • Build home equity faster.

Now, Prosperity Home Mortgage is offering to pay closing costs to help eligible homeowners refinance to a lower monthly mortgage payment!1

Refinance with confidence.

  • Lender-paid closing costs – No out-of-pocket closing costs for borrowers
  • No appraisal required – Use of original appraised value may help minimize declining value issues
  • Favorable interest rates – Interest rates near historic lows
  • No maximum income ratios – Changes in income may have less impact
  • Quicker financing process – Helps facilitate faster loan closing
  • Potential refund of existing FHA upfront MIP

Contact us for a complimentary mortgage pre-approval to find the right home financing option for you!

 

 

 

1. Borrowers are eligible for a lender credit toward closing costs on the Settlement Statement (HUD-1) for FHA streamline refinance loans, secured by a first mortgage or deed of trust (New Loan), subject to qualification, approval and closing. Lender credit will cover the costs of: orgination fee, appraisal fee, flood certification fee, credit report fee, title fee (including title search), and any applicable recording fees/transfer taxes. Cash back to borrower may not exceed $500.00. All eligibility requirements must be met no later than 2 days prior to the New Loan closing date. This discount is void where prohibited and is non-transferable, subject to the terms herein, and valid on all complete applications with interest rate locked between 1/26/2015 – 2/28/15.
All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Maryland, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2015 Prosperity Home Mortgage, LLC. All Rights Reserved.


Housing Just Became More Affordable

Mortgage lending and credit standards have tightened in recent years.  This has helped promote responsible lending practices and new consumer protections, however it has also made refinancing or buying a home more difficult for many homeowners and would-be home buyers.

For this reason, President Obama announced on January 7, 2015, a reduction in annual FHA mortgage insurance premiums (MIP) for new mortgage loans in an effort to help make housing more affordable for more home buyers and homeowners. Purchases AND refinance transactions will benefit from the premium reduction, which becomes effective Monday, January 26, 2015.  FHA will lower annual MIP by 0.5% from 1.35% to 0.85%.  According to the White House, this reduction should result in a savings of $900 per year for the typical home buyer!  Existing homeowners who choose to refinance may see similar savings, as well.

For home buyers who have already applied for a FHA home loan, HUD has temporarily approved the cancellation of existing case number assignments of active case numbers within 30 days of January 26, 2015. Buyers may receive a new case number and take advantage of reduced FHA MIP.

Purchasing a home with a lower monthly FHA MIP may help buyers:

  • Leave the housing sidelines and enter the housing market
  • Take advantage of FHA’s 3.5% down payment option
  • More easily qualify for their chosen price range

Refinancing into a lower monthly FHA MIP may help homeowners:

  • Reduce an existing overall mortgage payment
  • Reduce an existing mortgage interest rate
  • Build equity faster

As a responsible lender, we are eager to discuss the FHA home loan and other financing options for which you may be eligible so that you can choose the right financing option to meet your needs.

Your local mortgage consultant will be happy to provide a complimentary consultation!

 

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Maryland, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2015 Prosperity Home Mortgage, LLC. All Rights Reserved.


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