Stefano Magnoni | Home Loans

I make mortgages make sense.
Real estate • Sales • Financing • Investing
Founder @ Casa Nova Lending

[Stefano Magnoni | Home Loans @stefanomagnoni]

About me:

I am a 28 yr old Mortgage Broker in Miami, FL. I originate loans all throughout the state.

Before coming to Mortgages I originated over $30 Millions in Residencial PACE Financing.

I’m hugely passionate about Real Estate and turning ordinary people into RE investors!

[Stefano Magnoni | Home Loans @stefanomagnoni]

@nejatian Kaz I like the new 2% down initiative. Are you actually letting them own the deed or you are just going to lease it with a purchase option?

Down the road it’s harder for the consumer to finance a lease-to-own purchase than refinancing an existing seller’s note.

[Stefano Magnoni | Home Loans @stefanomagnoni]

@trylimitlessfin No mortgage but you also don’t own the home… it’s just their own version of a Lease to Own.

[Stefano Magnoni | Home Loans @stefanomagnoni]

All these wholesale lenders originating hundreds of millions of $ in loan volume every year and they can’t invest in technology and decent processes for Brokers

They compete for who can make it the hardest smh

[Stefano Magnoni | Home Loans @stefanomagnoni]

So I guess we are just going to continue to allow real estate agents to post and promote interest rates on social media with no APRs and no disclosures…

[Stefano Magnoni | Home Loans @stefanomagnoni]

We took our team to Michigan this week and had an incredible time at @UWMlending Here’s a recap 👇🏼

[Stefano Magnoni | Home Loans @stefanomagnoni]

No matter what you do and what industry you are in, you have to know how to sell yourself

[Stefano Magnoni | Home Loans @stefanomagnoni]

@dadedirtbag305 Got some time on your schedule for next week? 😆

[Stefano Magnoni | Home Loans @stefanomagnoni]

Lenders are laying off people, LOs are leaving the industry, Broker shops are closing down, people are scared…

But not us. We are doubling down on what we know works, and taking advantage of this opportunity to increase our market share.

Leaders have to lead.

[Nick Gerli @nickgerli1]

The U.S. mortgage market is in its biggest recession in U.S. history.

Applications to purchase a home are down 58% from the pandemic peak in 2021.

Today's mortgage purchase index of 145 today is lower than at any point in the 2009-2012 housing bust.

And is now back the same level as 1995.

Not only that, mortgage applications are also down 15% from last year, indicating a further short-term weakening is occuring.

Roughly 70% of U.S. home purchases are financed with a mortgage.

So declining mortgage applications are going to be a big problem for sellers.

Track the areas with the biggest negative forecasts at: https://t.co/42D6apFdHs

[Stefano Magnoni | Home Loans @stefanomagnoni]

@AdvisorJohn Multiple pricing improvements today on the lenders’ end! Much needed, hopefully it continues

[Stefano Magnoni | Home Loans @stefanomagnoni]

@MarketPalmer_ Yea let’s go ahead and compare it to the exact period of time rates hit the lowest point in 50yrs 😐

You’re killing me Mark 😅

[StripMallGuy @realEstateTrent]

We’re buying a home now.

Not because I think it’s a good deal or because I’m timing the market.

It’s just the right time for our family.

We paid a market price, but must admit it was nice not having to compete and deal w the emotional ups and downs of this process.

[Stefano Magnoni | Home Loans @stefanomagnoni]

People that think Interest rates is everything on a mortgage make me laugh.

[Stefano Magnoni | Home Loans @stefanomagnoni]

Vote YES on amendment 3 this November.

Local governments have increased their budgets and salaries while residents have seen no improvements. They can make it work with less of our tax dollars.

[Stefano Magnoni | Home Loans @stefanomagnoni]

@TheREDevGUY ARM but I would be careful about 2 things. What is the initial fixed period (for example 3,5,7,10 yrs) and what is the increase cap after the initial term is over.

You want to have an initial fixed period of at least 5yrs and increases capped at 1-2% yearly max

[Stefano Magnoni | Home Loans @stefanomagnoni]

@mortgagetruth Getting an ARM in 2020/21 is wild…

[Stefano Magnoni | Home Loans @stefanomagnoni]

There’s just something about earning things with your own blood, sweat and tears…

[Stefano Magnoni | Home Loans @stefanomagnoni]

A Real Estate agent is someone who has a real estate license.

A Realtor is a RE agent that is a member of the National Association of Realtors.

Not all real estate agents are Realtors, but all Realtors are real estate agents

We have been using the terms incorrectly forever

[Stefano Magnoni | Home Loans @stefanomagnoni]

It’s crazy to me how many businesses leave money on the table by simply not following up.

I have gotten multiple services in the past few months that are recurring services and not one of them has sent a reminder that it may be time for the service again…

[Alok Kumar @Alokkumarzz]

A $300,000 loan at 6.5% costs $382,633 in interest over 30 years. One extra rule changes that: interest is only ever charged on what you still owe.

Bookmark & watch today, no matter what.