Sr. Mortgage Consultant / Mortgage Consultant
With many years in the Mortgage business, Team Jondahl’s goal is to provide you with individual solutions tailored to your specific needs. We review all the details and objectives with you to ensure that everyone is on the same page. We want our customers to remember the smooth process long after the closing is complete. We have our own processor just for our team that gets all of our loans done quickly and efficiently. We 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. This positive experience is why past customers, real estate, and financial professionals continue to refer our team to friends, family, clients and coworkers. 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
In the mortgage industry, we are often asked if a home inspection is mandatory. In many cases, the answer is no. However, even when it is not required, a home inspection is certainly recommended.
You are making a large investment when you buy a home, and having a professional home inspector look at it could save you a lot of time and money in the long run.
Doing a home inspection up-front can also be helpful in the event that an appraiser finds a deficiency in the condition of the home. Should this happen, the underwriter will ask to see that section of the home inspection (sometimes referred to as an Engineer’s Report). Having secured an inspection will save time and keep your mortgage process moving smoothly. Additionally, identifying issues early in the process may mean the seller will remedy them prior to sale.
Purchasing a home with the assurance of good condition –or at least the knowledge of any potential issues – makes for more accurate pricing and cost expectations. Both of these are clearly to your benefit. By comparison, the cost of a home inspection is small.
Source: Top of Mind Networks, LLC.
As we head into another year at Marketplace Home Mortgage L.L.C., we have a lot to be thankful for. 2017 was a year of tremendous growth.
We opened new locations in Sioux Falls, SD, Clive, IA, and Portsmouth, NH. We also hired 130 new employees across the country.
Throughout the year we were honored to receive some awards and recognition. In August, Marketplace Home Mortgage was named Best Mortgage Company in the Twin Cities by voters in the 2017 Twin Cities Business Magazine Reader Poll. As the year progressed, we were also recognized as Number 27 on the list of the 50 Fastest Growing Companies in the Twin Cities by Twin Cities Business Magazine.
View the video below to see all of the highlights from this year, and the fun we were able to have in-between.
Thank you to all of the employees, clients, and referral partners who made this such a great year. We are grateful to have spent another year helping people and families achieve their dream of home ownership.
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.