I find the mortgage industry to be both challenging and exciting as the rules and trends are constantly changing. While most mortgage consultants focus on price and a promise of good service, I believe we need to go further. Price and service mean nothing if you are not trustworthy and competent. Through living up to those four criteria, I can rely on referrals for the majority of my business. Things have changed a lot in the industry since I started in 1995 – we did not even have computers! My clients range from CEOs of large companies to first-time homebuyers looking for someone to help guide them through the process. Maintaining the personal aspect of business is important, so I work with my clients to build a relationship that is life-long and is not based on a single transaction, by tailoring financing to their specific needs. If you have any questions I always welcome your calls and emails. In the world of call waiting and online lending, it is nice to have an immediate voice to talk to. My team and I look forward to working with you. My goal when meeting any new client is to be the last mortgage consultant they work with. I want to be your lender for life!
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
The new tax reform bill that was signed into law by Congress will be changing taxes related to home ownership in 2018 and beyond. If you are a homeowner, or are considering becoming one, be sure to meet with your tax professional to discuss how these changes will impact you.
SOME KEY CHANGES TO NOTE:
MORTGAGE INTEREST: Prior to the new tax bill, mortgage interest was deductible up to $1,000,000. With the tax reform bill in effect, it will only be deductible up to $750,000. This applies to all homes purchased after December 15, 2017 as well as second homes.
MOVING EXPENSES: Before this year, qualified homeowners relocating for a job could deduct their
moving expenses from their taxable income. Moving forward, this deduction is only available to active
duty members of the armed forces.
HOME EQUITY LINES OF CREDIT: Mortgage interest paid on Home Equity Lines of Credit will no longer be tax deductible.
STANDARD DEDUCTIONS: The tax reform bill will also change the standard deductions available to each household. With the new tax reform bill in place, the standard deduction has nearly doubled from
$12,700 to $24,000. As a result, many homeowners may choose not to itemize their deductions in 2018.
If you have questions related to home ownership, the benefits of buying vs. renting, or the mortgage process, our experienced Loan Officers are available to help.
Each spring as the temperatures warm up, so does the housing market. Even before the snow has melted, sellers are preparing their homes to be listed, and buyers a readying themselves for a search.
If you are among those who plan to buy a house this spring, here are the key first steps you should be taking to get started.
- Meet with an Experienced Loan Officer
Meeting with a Loan Officer is one of the most important first-steps you can take once you realize you want to become a homeowner. Your Loan Officer will review your overall financial situation, go over mortgage options, and help you determine what homes will be within your price range. For this reason, it is important to get started on the mortgage process before you begin seeing properties with your Realtor. Meeting with your Loan Officer early on also gives you a chance to catch and address credit-related issues you may not be aware of. By meeting with your Loan Officer first, you will be prepared to act fast when you find your dream home.
To connect with a Marketplace Home Mortgage Loan Officer or branch near you click here.
- Find a Realtor
Once you have reviewed your financial situation, taken care of any issues, and understand your budget, your next step should be to find a Realtor. Your Loan Officer may have some helpful recommendations based on professionals they have worked with. Friends and family can also be great resources for agent referrals. Once you have met with a Realtor you feel comfortable working with, you can begin to determine your priorities and define the parameters of your search.
- Build Your Wish List
Take some time to think about your priorities. This will be a big help once you begin your home search. Work with your Realtor to outline which neighborhoods, school districts, and amenities you are looking for. Determine which features are a preference and which are must-haves.Going into the spring market with a clear vision of what you are looking for will save valuable time and make it more likely that you will spot the house that is right for you when it hits the market.
In many areas the spring housing market can be hectic, but with a little planning, and the right home buying team, you can be sure you are off to a great start on your path to home ownership.
When you are comparing mortgage options, it is important to understand the difference between the interest rate and APR. When you see a loan rate advertised, you’ll also see a corresponding APR (4.5%/4.762% APR). This Annual Percentage Rate is the total cost of your loan (interest and fees) expressed as a single number. The purpose is to give you one number for comparing multiple loans.
But it’s an imperfect science.The problem with using APR as designed is that the calculation applies to the entire length of the loan, and some people use mortgage loans for only a few years due to refinancing or sale. READ MORE