As an experienced loan officer, my goal is to provide you with individual solutions tailored to your specific needs. I review all the details and objectives with you to ensure that everyone is on the same page. I want my customers to remember the smooth process long after the closing is completed. I have access to a large variety of financing options designed to meet the needs of the first-time homebuyer as well as the experienced owner. By providing in-house origination, processing, underwriting and funding services, I can ensure that your loan will be completed accurately, smoothly and in the loan that best meets your needs. This positive experience is why past customers, real estate and financial professionals continue to refer me to friends, family, clients and co-workers. I believe you will too!
Getting Pre-Approved for financing is one of the most important first steps you can take when beginning your house hunt. Get started today by clicking the link above!
Want to make your offer more attractive? Get a complete commitment from underwriting in 5 days with or without a house with our UFirst 5 Day Loan Commitment!
If we are unable to close your purchase on or before your scheduled closing date, we will pay for your first mortgage payment up to $1,500 P & I AND the seller of the property will also be paid $5,000. *See terms and conditions.
THE MARKETPLACE HOME MORTGAGE BLOG
Mortgage interest rates are always changing, and if you bought your home when rates were higher, refinancing the existing mortgage could save you thousands of dollars over the course of your home loan. When you are preparing to refinance there are certain things you should avoid leading up to the transaction. Take a look at the list below and contact a Marketplace Home Mortgage Loan Officer to learn more about how you can get started.
Continue To Make Your Regular Payments
However, if you have a payment due just prior to your scheduled closing, consult with your Loan Officer first. It may be best to pay at the closing rather than to risk having the payment and payoff letter cross in the mail.
Prepare Your Home For Appraisal.
The appraiser will take photos of the inside and outside of your home. While a messy house is not truly worth less than a clean one, a property appraisal is part art, part science. First impressions can make an impact with an appraiser just as they would with a prospective buyer.
Keep Your Paystubs and Bank Statements Available
Underwriters may request the latest documentation before loan approval or as a condition of loan commitment. Having these on hand will help the process to go more smoothly.
Understand That Things Have Changed.
Underwriters require more documentation than in the past. Even if requests seem silly, intrusive or unnecessary, please remember that if they didn’t need it, they wouldn’t ask.
Apply For New Credit
Changes in credit can cause delays, change the terms of your financing or even prevent closing. If you must open a new account, consult with your Loan Officer first.
Change Jobs During The Process
Probationary periods, career, or even status changes (such as from a salaried to a commissioned position, leave of absence or new bonus structure) can be subject to very strict rules.
Make Undocumented Deposits
Primarily large, but sometimes even small deposits must be sourced unless they are identified. Make copies of checks and deposit slips. Keep your deposits separate and small and avoid depositing cash.
Start Any Home Improvement Projects
Small cosmetic projects like painting are not usually a problem. However, anything that can disrupt the functionality of your home can be an issue if undertaken before the appraisal. Delay projects that require a building permit, create structural changes or involve a bathroom or kitchen renovation.
Be Afraid To Ask Questions
If you’re uncertain about what you need or what you should do, never hesitate to reach out to your Loan Officer.
With the help of your Marketplace Home Mortgage Loan Officer, you will be on your way to saving money and achieving your goals.
On Tuesday, The Federal Housing Finance Agency (FHFA) announced an increase in maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018.
The FHFA stated that loan limits will be raised to reflect the change in U.S. home prices. The press release distributed by the agency states:
“According to FHFA’s seasonally adjusted, expanded-data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017. Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage.” – Federal Housing Finance Agency
This is the second straight year that limits have increased. Throughout most of the United States, the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. Designated High-Cost areas will also see a loan limit increase.
To learn more about loan limits in your area and what they mean for you, contact a Marketplace Home Mortgage Loan Officer today.
To read the full press release visit: http://bit.ly/LoanLimits2018
Winter can be a great time to become a homeowner. In many areas, the real estate market tends to slow down during the colder months. With fewer buyers to compete with, you could get a great deal. One of the downsides to buying in the winter is having to move in unfavorable weather conditions, but with the right strategies and preparations, you can make sure your move goes as smoothly as possible.
Although moving in the winter can require a little more effort, when it’s all said and done, you will be ready to cozy up in your new home before the spring housing craze even hits.
Here are some tips and tricks to help:
Get An Early Start
With fewer daylight hours, starting your move early in the day can help you get settled or on your way before it gets too dark.
Prep All Walkways
Make sure to do as much snow removal as you can prior to moving day. Shovel all areas that will be trafficked and thoroughly salt any steps or walkways. It is also a good idea to keep extra salt near key areas so it can be used throughout the day as needed. Consider hiring someone to do snow removal at your new home and pack salt and a shovel in a place that will be easily accessible upon arrival.
Dress For Success
Wear layers during your move so you can regulate your body temperature throughout the day. Choose slip-resistant footwear and make sure not to pack away winter gear such as hats, gloves, and scarves.
Protect Your Floors
Moving in the winter means you run the risk of wet shoes going in and out of your old home and new home. Protect flooring by taping down carpet scraps, heavy cardboard or plastic sheeting in major walkways.
Make Sure The Utilities Are Working
Before heading to your residence, ensure that all of your utilities are set up and working properly. Consider having your heat turned on in advance so that the house is comfortable upon your arrival.
With a little planning, you can make your winter move as pain-free as possible. Before you know it, you will be settled and ready to enjoy the rest of the season in your new home.