Stacy Ann Stephens

NMLS # 1933745

203-910-5549

stacyann@jhenesismortgage.com

Stacy Ann Stephens Broker

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Are Mortgage Buydowns a Good Idea? A Comprehensive Guide to Lowering Your Monthly Payments

Are Mortgage Buydowns a Good Idea? A Comprehensive Guide to Lowering Your Monthly Payments

When navigating the complex world of home financing, every dollar counts. One option that often comes up in discussions is a mortgage buydown, a strategy that can lower your monthly payments, at least for a while. But is it really a good idea? In this blo

Sep 02, 2024 | Purchasing a Home

Home Equity Loans vs. HELOC: Which is Right for You?

Home Equity Loans vs. HELOC: Which is Right for You?

In the intricate landscape of personal finance, discerning the optimal borrowing strategy can be like to navigating through a maze of options. Jhenesis Mortgage Home equity loans and lines of credit emerge as two prominent pathways for homeowners intent o

Aug 29, 2024 | Credit

Breaking Free from 20% Interest: How a Home Equity Loan Can Liberate You from Credit Card Debt

Breaking Free from 20% Interest: How a Home Equity Loan Can Liberate You from Credit Card Debt

Living with 20% interest credit card debt feels like an unending uphill battle. Each month, you make your payments, yet the balance barely moves, and the interest keeps piling up. The financial stress is relentless, the anxiety constant, and the feeling o

Aug 28, 2024 | Home Equity Loan

What Is a Pipeline Mortgage? Everything You Need to Know About Managing Your Loan Pipeline

What Is a Pipeline Mortgage? Everything You Need to Know About Managing Your Loan Pipeline

If you’re diving into the world of mortgages, you may have come across the term “pipeline mortgage.” This concept is crucial for both borrowers and lenders, as it relates to the flow of mortgage applications from the initial inquiry to t

Aug 28, 2024 | Purchasing a Home The Loan Process

What Is a LOX Mortgage? Understanding the Benefits and Considerations

What Is a LOX Mortgage? Understanding the Benefits and Considerations

In the realm of mortgage financing, different loan types cater to various needs and circumstances. One such option is a LOX mortgage. LOX, short for "Letter of Explanation," plays a crucial role in certain mortgage applications. Understanding what a LOX m

Aug 28, 2024 | Purchasing a Home The Loan Process

What Is an Obama Mortgage? Exploring the Benefits and How It Can Help You

What Is an Obama Mortgage? Exploring the Benefits and How It Can Help You

The term "Obama mortgage" often sparks curiosity among homebuyers and homeowners alike. Named after the 44th President of the United States, Barack Obama, this term typically refers to initiatives aimed at making homeownership more accessible and affordab

Aug 28, 2024 | Purchasing a Home The Loan Process