With demand for Miami real estate on the rise, mortgage expert Jason Caballero is developing new strategies to help qualify clients
Caliber Home Loans’ user-friendly technology and professional advice from its loan advisors create a smooth path to homeownership.
Miami, FL, Jan. 28, 2022 (GLOBE NEWSWIRE) — Millennials are expected to remain the largest group of mortgage applicants this year, but a home loan expert says the generation also faces a lack of information readily available information on the mortgage process that could ultimately jeopardize their home ownership project.
Jason Caballero, loan originator at Caliber Home Loans in Miami, aims to fill this knowledge gap by offering his suite of financial services to millennials, as well as Gen X candidates and first-time buyers. It provides clients with the latest developments in the housing and mortgage market, making it easier to understand key details and helping them secure loans carefully tailored to their individual needs and overcome potential hurdles.
The service is a hands-on, in-depth approach to the entire mortgage process, compared to the scant information that currently exists for millennials and other first-time buyers. For example, the overly simplistic suggestion that they simply ask their parents for help.
Caballero’s in-depth advice and personalized advice to its customers is much more effective than simplified suggestions. Having the right advice can be crucial when buying a property – advice he can provide. With the do-it-yourself culture on the rise across all industries, a common stumbling block when it comes to self-education in the world of mortgages is that what’s online isn’t tailored to the unique circumstances of aspiring owners.
And there is a sense of urgency for buyers, with last year’s strong demand for homes set to continue this year. Analysts at data firm Corelogic found that in 2021, millennials accounted for 51% of mortgage applications. This trend is expected to continue in 2022, coupled with an expected rise in interest rates that will make home loans more expensive.
Caballero said these factors can be difficult for first-time homebuyers to understand, which is why he offers round-the-clock support to guide his clients through every step of getting a loan. With nearly 20 years of experience in the residential real estate market, he strives to tailor mortgages to a buyer’s specific needs with mortgage deals that other companies might miss. “Having the right creative approach is the key to getting a great loan fast,” he says.
He started his career in 2004 as a bank teller, where he met the broker and started asking about the job and the possibility of Caballero joining the industry. The broker helped him get started as a loan originator for commercial and residential properties, and since then his experience has proliferated, eventually managing a team of loan officers. He joined Caliber Home Loans in July 2020 and his services are attracting a growing clientele.
To ensure that its millennials and other buyers can beat high demand and rising interest rates, Caballero continues to study new developments in the sector. “The industry is constantly changing, which requires you to adapt to keep up with the current environment,” he says.
Every day, Caballero tracks developments in the mortgage industry to identify new products that could help people struggling with complex financial situations finally get a loan that’s right for them and ensures they can buy their ideal home. “I have deeper conversations with my clients so that we can find alternative solutions to help them qualify,” he says.
Caballero’s understanding of the constant need to develop new strategies for mortgages helps show why he’s been so successful with his millennials and other first-time buyers.
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