Page 16 - Stuart Exposure - September '21

Page 16, Stuart Exposure

reaL estate

Treasure Coast Real Estate homeowners. Rent is often the largest expense for applied with their existing lender and were thrilled to
Report families, but a history of paying it on time was never learn that they qualified for a new loan, at a lower interest
rate. The end result was that their monthly mortgage
factored in. That meant that 17 percent of those trying
to get a mortgage would have been approved, had their payment would drop to $2,700 and be for 15 years instead
Tenants, And Your Children, Now Have A rental history been considered. of the 21 years they still had left.
Better Chance To Buy A Home This action was primarily taken to benefit minorities, The lender of course wanted tax returns and other
By Jim Weix but will help everyone that has little established credit documents. Since my clients had never missed or had
According to Fannie history. Sellers will benefit because this opens the door a late mortgage payment in the nine years that they had
Mae on-time rental for a new group of potential buyers. their mortgage, had good credit scores, and their home
p a y m e n t s wi l l n o w I can see a lot of happy parents, too. All too often, had increased in value 40 percent, they had little concern
factor in to underwriting even though their children were financially responsible, about being approved.
calculations, and missed lenders would require parents to cosign if their children Two weeks later, they were informed that their
rental payments won’t keep wanted a mortgage. mortgage application was denied. The reason given was
borrowers from getting I’ll be the first to admit that the mortgage process that they didn’t have enough income to make the lower
a mortgage. The Federal often doesn’t seem to make sense. I’m seeing that more mortgage payments. Needless to say, the lender’s logic
Housing Finance Agency often as clients try to refinance at a lower interest rate. escapes me. Do lenders have to take math in school?
announced that positive Logic doesn’t seem to be common among some lenders. Jim Weix is a broker associate with The Keyes
rental payment history will One client, after being discouraged by high home Company. Jim has 24 years of experience selling real
be taken into account in the government sponsored prices, decided to not sell their home. Instead, they estate full time. If you have questions or want the services
entity’s underwriting system. figured that they would lower their $3,400 monthly house of an experienced expert, you can reach Jim at (772)
This change will make it easier for renters to become payment by refinancing at a lower interest rate. They 341-2941 or jimweix@jimweix.com.

busiNess spotLight

Marquis Who’s Who Building on a long career with diverse expertise in Health Group as a sales manager and becoming an

Recognizes Gillie Thorpe Of management, franchising, and customer service, Thorpe independent sales agent for UnitedHealthcare Medicare
Solutions. Since 2019, Thorpe has served as the owner,
is an independent health insurance agent and entrepreneur.
GT Advisors After graduating from high school, he began working in the operations manager and a health, life and annuities policy
kitchen of a large Italian restaurant, perfecting his craft and sales agent for G.T. Advisors Group.
Gillie W. Thorpe has developing leadership skills that would eventually lead to a Over the last decade, Thorpe has expanded his
been included in Marquis position as the restaurant’s executive chef. Thorpe’s early business to a portfolio of more than 1,000 active clients,
Who’s Who. As in all Marquis experiences in the culinary industry left him with a keen eye and he is passionate about helping them navigate the
Who’s Who biographical for business development and growth, and he soon relocated intricacies of Medicare and securing the coverage they
volumes, individuals to Florida to accept a corporate role with Sign-A-Rama, need to plan for the future. He considers responsiveness
profiled are selected on the training new franchisees and opening satellite marketing and integrity to be the keys to his success, and is proud
basis of current reference and production offices across the East Coast. to have built a reputation for personal service. Presently,
value. Factors such as Thorpe entered the insurance industry in 2009 as a Thorpe is focused on guiding his clients through the
position, noteworthy sales manager for Florida Insurance and Retirement, COVID-19 pandemic, and he looks forward to having
accomplishments, visibility, and prominence in a field are where he specialized in life insurance policies. He quickly his husband of 20 years join him in business.
all taken into account during the selection process. realized a passion for health insurance, joining the Florida

Comprehensive Maternity Care

for Your Growing Family

Maternity care, support and amenities include:
• Online childbirth preparation, OB support groups and sibling classes
Jupiter Medical Center’s De George Children’s & Women’s • Spacious labor and post-delivery suites
Obstetrics Unit is here for you and your family. With maternity • Nitrous oxide for pain relief during labor
classes, breastfeeding support and luxurious accommodations • Level II NICU, with 24/7 coverage by Board certified neonatologists
for you and your baby, we are here for you with care and • Breast feeding support with Certified lactation consultants,
compassion every step of the way. 7 days a week
• Pelvic floor rehabilitation program
• Bootcamp for Dads
For a virtual tour, visit jupitermed.com/maternity,
or for more information call: 561.263.2181 WORLD’S
BEST
HOSPITALS
2021
WORLD-CLASS HEALTHCARE IS HERE. POWERE D BY