Your home is one of the largest financial commitments that you will make during your lifetime. Richard will be there every step of the way, from application to closing. If you thought refinancing meant getting buried in paperwork, think again! Richard will guide you through the myriad of refinancing options to help you accomplish your personal goals with minimal paperwork.
Richard can educate you in the world of real estate investments. Whether you are a real estate baron or a first time landlord, we have the loan programs that will maximize your investment.
Richard can educate you in the world of real estate investments. Whether you are a real estate baron or a first time landlord, we have the loan programs that will maximize your investment.
Services
I started my real estate career as a real estate appraiser in 1980.
From there I co-founded a real estate research firm for researching commercial real estate sales.
I was a founding member of Keystone Financial Services in 1992.
With over 20 years of lending experience, I've been through a few industry cycles.
My personal strength are in helping my customers navigate the home buying process and solving problems before they arise.
My reputation is built on strong referral sources and repeat customers who return to me year after year, home after home.
From there I co-founded a real estate research firm for researching commercial real estate sales.
I was a founding member of Keystone Financial Services in 1992.
With over 20 years of lending experience, I've been through a few industry cycles.
My personal strength are in helping my customers navigate the home buying process and solving problems before they arise.
My reputation is built on strong referral sources and repeat customers who return to me year after year, home after home.
Let us help you achieve mortgage success through your home financing process in a few easy steps!
A 10-minute phone call starts the process, whether you are purchasing your first home or refinancing your third home.
The 15 minute phone call: Let's schedule a time to talk so I can learn your basic financial information: what you do for a living, your salary, down payment funds and monthly debts.
A quick and dirty analysis: Based on the information you provide, I am usually able to give you a basic price range.
A 10-minute phone call starts the process, whether you are purchasing your first home or refinancing your third home.
The 15 minute phone call: Let's schedule a time to talk so I can learn your basic financial information: what you do for a living, your salary, down payment funds and monthly debts.
A quick and dirty analysis: Based on the information you provide, I am usually able to give you a basic price range.
Applying for a loan can be a daunting process.
You share your whole financial situation with a lender, then nervously wait to see if they think you're good enough to borrow their money - it's as nerve wracking as asking for that first date.
And just when you think you've jumped over all the hurdles and you're finally done, the lender asks for another piece of paper to prove you're still mortgage-worthy!
Yes, it's maddening, but I have guided thousands of people through the process and 99% of them are still loyal clients today!
You share your whole financial situation with a lender, then nervously wait to see if they think you're good enough to borrow their money - it's as nerve wracking as asking for that first date.
And just when you think you've jumped over all the hurdles and you're finally done, the lender asks for another piece of paper to prove you're still mortgage-worthy!
Yes, it's maddening, but I have guided thousands of people through the process and 99% of them are still loyal clients today!
When deciding to buy a home, it's wise to take a moment to think about your current financial situation and how buying a house will change your current situation.
What's my current rental payment and what can I reasonably afford for a monthly mortgage payment?
Am I currently able to save and/or contribute to a 401(k) or other retirement savings plan?
Would I be comfortable diverting part or all of those scheduled savings into a mortgage payment for the next few years?
What's my current tax bracket and what will my new housing payment look like after figuring in the tax benefits?
What's my current rental payment and what can I reasonably afford for a monthly mortgage payment?
Am I currently able to save and/or contribute to a 401(k) or other retirement savings plan?
Would I be comfortable diverting part or all of those scheduled savings into a mortgage payment for the next few years?
What's my current tax bracket and what will my new housing payment look like after figuring in the tax benefits?
HERE IS A CONVENIENT LIST OF TERMS THAT YOU WILL ENCOUNTER DURING THE loan PROCESS, SORTED IN ALPHABETICAL ORDER.
The 2/1 Buy Down Mortgage allows the borrower to qualify at below market rates so they can borrow more.
The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year.
It then remains at a fixed interest rate for the remainder of the loan term.
Borrowers often refinance at the end of the second year to obtain the best long term rates; however, even keeping the loan in place for three full years or more will keep their average interest rate in line with the original market conditions.
The 2/1 Buy Down Mortgage allows the borrower to qualify at below market rates so they can borrow more.
The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year.
It then remains at a fixed interest rate for the remainder of the loan term.
Borrowers often refinance at the end of the second year to obtain the best long term rates; however, even keeping the loan in place for three full years or more will keep their average interest rate in line with the original market conditions.
Reviews
Be the first to review Keystone Financial Service.
Write a Review
