Marc Meglio, CDLP

🏡 Closing Day Cooler! 🥂

Raise a glass (or a cooler 😉) to your dream of homeownership with this signature mix:

✨ Ingredients:

1 oz Pre-Approval Punch (can’t start without it!)
2 oz Budget Brandy (know your limits!)
A splash of Credit Score Soda (the higher, the better the fizz!)
Squeeze of Down Payment Lime
Garnish with a Real Estate Agent twist

🍹 Mix, sip, and celebrate the big milestone—because every dream home deserves a little sparkle! ✨

💡 Did you know?
Social Security survivor benefits received for your child can be used as qualifying income on a mortgage loan application 🏡 — but not for a HELOC or Home Equity Loan.

👉 Why?
Mortgage loans look at household income that supports ongoing housing expenses, so child Social Security benefits can count as long as they continue for at least 3 years.

HELOCs/HELoans, however, follow different guidelines since they are considered revolving credit and not traditional housing debt. That means these benefits usually can’t be counted.

Understanding the difference could help you make the best financial decision for you and your family.