The mortgage process has never been so complex. More than ever, it’s important to work with a seasoned loan officer; one who will take time to assure that you have a comfortable grasp of your mortgage product and will gently guide you through the entire loan process. Our wide variety of competitive mortgage options makes MPH/Market Place Home Mortgage a smart choice. Whether you are a first-time home buyer or are trading up, you owe it to yourself to work with a mortgage professional whose expertise you can rely upon.
Having originated thousands of mortgage loans during my 30+ year mortgage career, I maintain the highest level of customer satisfaction. Please contact me if I may be of service to you. It would be a great privilege help arrange your mortgage financing.
From start to finish, Mary answered all of my questions about the loan itself promptly. Her assistant, Colleen, was an top of all the details of my loan and everything needed to process it. Even when there were last-minute delays at closing outside of their control, they were still able to get the loan closed within just a couple of days. I’d recomment MPH Mortgage highly. -John Testa
“Thanks Mary! You guys are the unsung heroes! Please tell Colleen and all the rest we appreciate them and all the help you gave us. Especially, thanks to you for helping me figure this all out. If you ever have a client with questions I’d be glad to tell them how much you helped us. Have a great day!” – John
“I thoroughly enjoy working with Mary Adams and her team. They always take good care of my clients!” -Kendra Kerr, Keller Williams Agent
“Mary has so much knowledge about the mortgage industry. If you have a question or a problem, she has the answer. Thank you for making it such an easy process! ” -Travis Otto, Integrity Group Keller Williams
“Mary has so much experience and is a wealth of knowledge. She is warm and friendly and helps keep her clients at ease through some of the most stressful times. I would recommend her to anybody.” -James Giacolone, Keller Williams Agent
“Mary Adams is an amazing Mortgage Loan Originator. Her personal attention to all details ensures that your loan will be handle with the utmost of care. Whether you are a first time home buyer or a seasoned home owner – there is no better professional to handle one of the most important decisions of your life!” -Linda Kowalkski
“As a first time home buyer, I was apprehensive about choosing a Lender and Home Lending Specialist, because of all of the horror stories I’ve heard. From day one, I felt a sense of honesty with Mary. Not only was she honest, she was professional, knowledgeable, and courteous throughout the entire process. It was truly a pleasure to work with Mary and her staff. I would not hesitate to recommend Mary Adams to others! Simply amazing! ” -Paris McCarthy
“Mary Adams was recommended to us by the Veteran Administration. We had experience much difficulty finding someone that was experienced and knowledgeable about VA loans. Mary got us preapproved for a VA loan, and educated us about all the benefits associated with the VA loan. In addition, we were interested in purchasing a condo verses a house and she was able to tremendously help with this process. Buying a condo with a VA loan is a totally different process than with purchasing a house. Condos have to meet certain requirements to be VA approved, which requires the mortgage lender to be knowledgeable about all aspects of VA funding requirements as they differ from FHA financing. The problem we faced prior to meeting Mary was that the lender would indicate they would help us with VA financing, but in the in they would attempt to shove us into FHA. Fed up with being disregarded, we asked VA for help and that’s how we met Mary. From beginning to end she was a person of integrity and she listened to what our needs were. Even after the deal was done, we can still contact Mary for information and she still responds attentively. It was a pleasure working with her as we are proud owners of a lovely condo! Thank you Mary!”
“Mary guided us through the Mortgage process from beginning to end. She gave us excellent cousel that helped to save us a lot of money. Mary is a true mortgage professional who knows her stuff inside and out and has over 30 years experience in the business! She is a pleasure to work with!!”
“Our experience from start to finish was flawless, Mary and her staff did an excellent job in answering all of our questions in a very timely manner! Great compan to work with and would highly reccomend her and her staff!”
“I purchased an owner-occupied duplex with Mary, I mention this because it required extra paperwork and runaround but her team was very responsive and we got it done! When I say extra paperwork I mean it required additional exchanges via phone and email where we had to send in additional documents and meet additional requirements. They were helpful when I had questions about the additional requirements. Knowledgeable as to the answers to those questions. And finally responsive in that they responded in a very timely matter (minutes, hours) when I sent an email or made a phone call.”
“My Fiance’ and I sat with Mary to go over our finances to see what we needed to do to be ready in about a year to purchase our first home. She pulled our credit and she went over in detail all of our accounts and let us know what changes we needed to make and where we are doing well in. Her honest professionalism was very helpful and when we are ready, she will absolutely be our Loan Officer!” – MaCayla Arnold
“Mary discussed in depth what my fiance’ and I need to do over the next year to get ready for our first home purchase. Our sit down with her was incredibly helpful and made us realize we are closer to purchasing than we thought we were. She made us feel more confident in the situation.” – Jeremy Festa
“Mary and her team were an absolute joy to work with! Each member was attentive and responsive throughout the entire process. I would highly recommend them to friends/family!” -Johnathan Contreras
“Thank you so much. It has been a seamless process and I appreciate all the behind-the-scenes work you did on our behalf. I may have some questions after they reassess our taxes and hopefully see if we could get the payment down and that amount that they have put as a cushion. Preparing for the senior retirement years :-)” -Portia Mann
“Mary was a delight to work with. Very prompt and reasonable throughout the mortgage process”. -Shivam Gupta
“You as well as your team were very friendly and helpful during the whole process of my first home purchase. I’m glad I went through you guys to finance my Morgage, and will likely do business with you in the future. Thanks again to you and your staff for making the whole process smooth and easy for us.” – Artur
“Thanks, Mary for all of your help. You truly made my unique situation easier…I had many lenders just turn me away. It makes me want to do more of my business locally! Until next time!”- Jeff Spencer
“I can’t believe that we were able to fulfill all requirements for purchasing our home so quickly. The company was very professional in helping us. We are very satisfied.” – Floyd Harris
- Cell 231-437-0301
- Office 231-437-0301
- Fax 734-585-3531
- Email email@example.com
- NMLS # 240388
- Office Location 41800 West Eleven Mile Rd Ste 109 | Novi, MI 48375
APPOINTMENTS AT 2144 S STATE ST, ANN ARBOR, MI 48104
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.
MPH MORTGAGE BLOG
Becoming a first-time homeowner can seem intimidating and many would-be buyers struggle with knowing when the time is right. When it is right, buying a home can be a smart and exciting investment in your future. Although every situation is different, there are a few indicators that can help you determine if you are ready.
You Have Reviewed Your Budget and Can Afford a Mortgage Payment
In many cities, a mortgage payment is comparable to the cost of renting. However, that is not always the case. Take a look at the type of properties you are interested in owning and use a simple mortgage calculator to determine the estimated monthly payment. How does it compare to your current cost for housing? Is it within your monthly budget? If so, choosing to buy will help you build equity, rather than simply spending money on rent each month.
You Love Your City and Plan to Stay There A While
The benefits of buying are significant if you plan to own your home for more than a few years. However, buying and selling under the two-year mark could potentially eliminate the financial benefits that a long-term buyer would see. If you intend to be in your current city for the foreseeable future, it’s great to consider buying rather than renting.
You Know Your Credit Score and Have Addressed Any Issues
Before you begin your house hunt, it is important to know where you stand financially. As a first step, you should be meeting with a Loan Officer to review your credit score and debt to income ratio to determine if there are any problems that you should address. Fixing or improving your credit score can have a dramatic impact on the interest rates available to you, saving you thousands of dollars in the long-run.
You Have Built Up Your Savings
Although it is a myth that you need to have 20% down in order to buy a home, it is important to have a nest egg ready for the costs associated with both the down payment, transaction, move, and any unexpected costs. When you’re a first-time homeowner, your Loan Officer understands and can review your goals and help you create an estimate for how much you should have saved. Regardless, if you think you may want to buy a home in the future, it is never too early to start setting money aside.
Contact Marketplace Home Mortage with any questions about being ready to purchase your first home.
For many buyers, it can be tempting to think that the best deal comes at the lowest price. However, that is not always the case, especially when it comes to the housing market. If you really love a home, there are some factors that may be worth considering as you enter the bidding process.
Relative Prices – Our natural tendency to pay as little as possible is not as meaningful for an investment, such as a home, as it is for a consumable. In this case, what you pay now can affect your sales price later. There may be little difference in total earnings if you pay less and sell for less or pay more and sell for more.
Influencing Value – For appraisers, the last sale or “comp” in an area sets the value for similar homes. Whatever you pay helps to establish what your home and comparable properties are considered to be worth.
Setting the Trend – If you pay less for your home than was paid for the last similar home, you may be contributing to a downward price trend, which can be difficult to reverse. Conversely, helping to maintain a trend of price appreciation can end up paying you back many times over.
One Chance – No two homes are ever exactly the same. Even when structure matches, your land, your view, your address and your immediate neighbors will always be different. You truly may have only one chance at just the right house. Industry professionals have all seen buyers lose out on what they really wanted. We don’t want that to happen to you. Nor do we want you to pay more tomorrow for something less than what you could have had today as a result of increasing prices and rates.
Price vs. Payments – If you’re financing your purchase, you’ll probably never come close to paying the actual price. You’re making a comparatively small down payment and then paying interest on the loan until you refinance or sell. Yes, you will have a higher payment if you pay more for the home, but an extra $10,000 of mortgage money can add less than $50 per month on a low-rate, 30-year loan.
Every situation is different and you should work with an experienced Realtor and Loan Officer to determine what is the best option for you. Reach out, and we’ll be happy to help you weigh your options for the home you would really love to own today. We’ll peel back the layers of the housing market so you have a better handle on what’s going on behind the scenes.
Not connected with a Loan Officer yet? Find one at a branch near you.
At Marketplace Home Mortgage, we’re continuing to grow our footprint and are currently expanding service in the state of Massachusetts and the New England real estate market.
Marketplace Home Mortgage loan officers are already helping area real estate agents and home buyers meet their goals of achieving home ownership and we have now tapped industry professional Rick Schlager to lead our efforts in the Bay State.
“I joined Marketplace because no other company offers New England the technological edge we can,” Schlager said. “As a service-oriented loan originator, I know that kind of convenience is going to thrill the Massachusetts market by combining the great tools Marketplace utilizes with the focus of producing outstanding customer service.”
Presently, Marketplace has offices in Bedford and New Hampshire, with plans to open a second New Hampshire location in Portsmouth in the fourth quarter.
“We see New England as a major growth focus for the Marketplace team,” says Eastern Division Manager Michael Wesson. “With the overwhelming response our efforts have received, we plan to hire more than a dozen new loan officers and support staff within the next year.”
The New England team will continue building its reputation for quick, dependable mortgage service in the coming months. In addition, we will build the infrastructure – such as fully local underwriting and processing – to ensure that Marketplace can continue to provide outstanding service and results to consumers and referral partners in the New England real estate market.
“It’s no surprise that Rick has a laser focus on achieving high levels of customer service,” said Marketplace CEO Keith White. “That sincere, tangible connection to home buyers and Realtors is what makes our company stand out.”