To ensure great service to my clients, my business is completely based on referral. The solid relationship I gain with my clients often starts with a simple phone discussion. This ensures a plan for an accurate idea of what goals are in mind in preparation for a follow up with clients. Depending on my customer's preference, this phone conversation is followed by an in person meeting, or a comprehensive email(s) from me prior to their next home purchase or refinance.
We cover so much ground, they in turn are very confident in their house hunting process, or knowledge that they are benefiting themselves if they have chosen to refinance. Education is the key: My clients know their loan options: their closing costs, how escrows work, what to expect for monthly payments, etc. Their loan application is then prepped for an expedient and smooth process for closing.
We cover so much ground, they in turn are very confident in their house hunting process, or knowledge that they are benefiting themselves if they have chosen to refinance. Education is the key: My clients know their loan options: their closing costs, how escrows work, what to expect for monthly payments, etc. Their loan application is then prepped for an expedient and smooth process for closing.
Services
Learn more about Conventional, FHA, VA & Rural Development loans (RD Loans).
I can help to explain in layman terms the differences in loans, and help find the best option to fit your needs.
A refinance can be done with very little costs, to no costs, to even negative costs, so that the refinance starts paying for itself on day one!
The MI Home Loan is a mortgage program for first-time homebuyers statewide and repeat homebuyers in targeted areas.
I can help to explain in layman terms the differences in loans, and help find the best option to fit your needs.
A refinance can be done with very little costs, to no costs, to even negative costs, so that the refinance starts paying for itself on day one!
The MI Home Loan is a mortgage program for first-time homebuyers statewide and repeat homebuyers in targeted areas.
Conventional Loans: Conventional Loans require larger down payments than other loan types.
Typically, you see down payments on conventional loans in 5% increments as the PMI rate drops for each additional 5% down.
Advantages with a Conventional Loan is that the PMI may be cheaper than RD's version of mortgage insurance, and is almost always cheaper than the FHA loan's version of mortgage insurance.
For down payments of 20% or more, no PMI is required on Conventional Loans.
Additionally, the Home Owner may have the PMI eliminated after 2 years of timely payments if they can prove 20% equity.
Typically, you see down payments on conventional loans in 5% increments as the PMI rate drops for each additional 5% down.
Advantages with a Conventional Loan is that the PMI may be cheaper than RD's version of mortgage insurance, and is almost always cheaper than the FHA loan's version of mortgage insurance.
For down payments of 20% or more, no PMI is required on Conventional Loans.
Additionally, the Home Owner may have the PMI eliminated after 2 years of timely payments if they can prove 20% equity.
Over the years, people have come to me to refinance for financial reasons, or personal reasons.
In response, I can say with all certainty, that I have talked more people out of refinancing, then to proceed with a refinance application.
A Refinance Must Make Sense!
Just because some of your friends might be refinancing, or a couple people at work are refinancing, doesn't mean refinancing would necessary make sense for you.
Having said this, there are many other times when I have contacted my prior customers who have had higher than the prevailing interest rates, shown them the numbers of a refinance scenario, and they have elected to go through with the process, thereby saving a lot of money.
In response, I can say with all certainty, that I have talked more people out of refinancing, then to proceed with a refinance application.
A Refinance Must Make Sense!
Just because some of your friends might be refinancing, or a couple people at work are refinancing, doesn't mean refinancing would necessary make sense for you.
Having said this, there are many other times when I have contacted my prior customers who have had higher than the prevailing interest rates, shown them the numbers of a refinance scenario, and they have elected to go through with the process, thereby saving a lot of money.
MI Home Loan: The MI Home Loan is a mortgage program for first-time home buyers statewide and repeat home buyers in targeted areas.
MI Home Loan Flex: The MI Home Loan Flex is a mortgage program available statewide.
This mortgage may be a better option for some borrowers because it has more flexible eligibility requirements.
Mortgage Credit Certificate: The Mortgage Credit Certificate (MCC) program provides housing assistance by issuing a federal tax credit to first-time home buyers statewide and repeat home buyers in targeted areas.
MI Home Loan Flex: The MI Home Loan Flex is a mortgage program available statewide.
This mortgage may be a better option for some borrowers because it has more flexible eligibility requirements.
Mortgage Credit Certificate: The Mortgage Credit Certificate (MCC) program provides housing assistance by issuing a federal tax credit to first-time home buyers statewide and repeat home buyers in targeted areas.
It's economy 101 - when supply is low and demand is high, prices naturally rise.
That's what's happening in today's housing market.
Home prices are appreciating at near-historic rates, and that's creating some challenges when it comes to home appraisals.
In recent months, it's become increasingly common for an appraisal to come in below the contract price on the house.
Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams.
That's what's happening in today's housing market.
Home prices are appreciating at near-historic rates, and that's creating some challenges when it comes to home appraisals.
In recent months, it's become increasingly common for an appraisal to come in below the contract price on the house.
Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams.
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