Buyer Services
Personalized Buyer Consultation – We start with a one-on-one consultation to understand your goals and save you time.
Targeted Property Search – I’ll help you narrow down the right neighborhoods and homes that fit your lifestyle and budget.
Contract-to-Close Guidance – I walk you through inspections, paperwork, and deadlines to keep everything on track.
First-Time Homebuyer Support – If it's your first time, we tailor the consultation to explain every step and answer all your questions.
Skilled Negotiation – I represent your best interests and negotiate to get you the best possible price and terms.
Your Advocate – My focus is protecting your investment and helping you make confident, informed decisions.
Tips for a smooth loan closing
Avoid these common pitfalls
1. Don't change jobs or become self-employed.
2. Don't buy a car, truck, or van unless you plan to live in it
3. Don't ,let your credit card payments fall behind
4. Don't spend the money you have saved for your down payment
5. Don't let anyone else check your credit score
6. Don't make any large deposits other than your paycheck
7. Don't change bank accounts
8. Don't co-sign for anyone
9. Don't increase balances on any credit cards
Bonus tip
Last but not least don't buy the furniture just yet. We must verify your credit and employment prior to closing and that report will show if you have incurred any more debt which could affect your ability to close the loan.
Acceptable sources
of funds to close
Fund types
Earnest money deposit
Earnest money Is a deposit made to a seller showing the buyer's good faith in a transaction. With earnest money, we need a copy of the check and proof that 1t cleared your account. Earnest money must be taken from an account that we have venhed via bank statements We'll need 60 days or all pages of bank statements for two full months.
Checking/savings/money market/
investment accounts
If you're using Fast Track, you can connect your bank account to your application for easy account verification. Otherwise, you'll need to provide a bank statement with all pages covering a 30-60 day time period. If there's a joint person on the account, we'll need a letter that our borrower has access to all of the money in the account. If there are deposits on the statement that are anything but payroll deposits, we may need to "source" these deposits, which means we'll need to know where the money came from. We'll likely need copies of any nonpayroll check(s).
Co-mingling of business and
personal accounts
Let us know if you are considering this and we can help advise you on the use of these funds for closing
Stock liquidation, 401(k) loans, proceeds from a secured line of credit
We'll ask you for a statement showing the amount available before the transfer, proof of sale of stock, amount of loan, and then a copy of the front of the check and/or transfer into your checking/savings accounts We'll need to see payment terms on both the line of credit and 401(K) loans.
Proceeds from the sale of other real estate
We'll ask you for a copy of the final closing documents from that sale and the deposit of those funds into your account
Gift from close relatives
We'll ask you to have them sign our Gift Letter form We'll also ask for a copy of the cashier's check or a copy of the wire from their account (with their name referenced) and in the exact amount matching the Gift Letter form. We need proof of the deposit into the account or the wire to escrow at closing. Not all relatives qualify for gift giving in real estate transactions. Ask us for details
Fast and easy preapproval
Start rour application over the phone or online. Once it's received, we'll need a few
documents from you You can submit these electronically, by fax or by scheduling an
appointment so we can take copies.
Documents nedeed
- Paystubs for the last 30 days
-W-2s and 1099s for the last 2 years
-Federal income tax returns for the last 2 years, including ell schodulos and attachments
-Government-issued photo ID and if applicable, resident alien card
-Last 2 bank statements for all bank accounts (borrower and co-borrower)
-Last 2 investment account statements (borrower and co-borrower)
Please provide all statement pages, even if blank.
If applicable:
- Gift funds: gift letter/documentation
-VA applicant: provide DD-214 if discharged, or statement of service if active duty
-Divorced: divorce decree or legal separation agreement
-Paying or receiving child support: copy of court order and proof of payments
-Bankruptcy in last 7 years: complete copy of bankruptcy papers, including schedule of debtors and discharge
-Foreclosure or short sale in past 7 years: provide complete property address of foreclosure/short sale
-On an IRS repayment plan:
copy of plan
-Retired: award letter or retiree statement for any Social Security, retirement or pension income; last 2 years of 1099s
If you are a homeowner, please provide:
-Current mortgage statement
-Current property tax bill
-Recent homeowners insurance statement
-Recent HOA statement
If renting, please provide:
-Lease agreement
-Last 2 years of rental/landlord history
If self-employed:
-YTD profit/ loss statement
-Balance sheet
-Last 2 years of business tax returns
levels of approval
4
Which one should you go for?
4
Pre-qualification
It's meant to help you decide if you'd like to move forward with your home loan application. You and your lender will talk about your finances to help them give you loan options, and estimate your down payment and monthly payments.
Pre-approval
Your actual documentation is sent to processing, which allows your lender to provide you with a max loan amount. With this, you can confidently start shopping for your home!
Underwriting credit approval
The documentation received for pre-approval is processed for validation. Once verified, the credit file is submitted to underwriting for review. With full underwriting credit approval, a contract can be written to close quickly.
Credit Approval Protection*
Credit underwriting approval with Credit Approval Protection* secures your earnest money. If we're unable to close the transaction, we'll pay up to $1,000 for inspection, appraisal & relocation costs as well as lost earnest money deposits up to $5,000.
Dos
Dos and Donts of Homebuying
Don'ts
1. Don't apply for any new credit or financing of any kind. Don't co-sign on a loan, either.
2. Don't have any inquiries made on your credit report.
3. Don't raise red flags to the underwriters-such as co-signing on another person's loan.
4. Don't make changes to your name, address, job or income.
5. Don't spend your closing costs.
1. Make sure your employment, asset and personal information is correct on your loan application.
2. Be prepared to account for non payroll deposits into each account you plan to use toward your transaction.
3. Respond to any requests from your loan officer promptly.
4 . Continue to make all of your payments on time.
Credit Scores
Myth: You can't overcome bad credit
Fact: Your credit score can change from month to month. One late payment can suddenly set you back, but if you get on track and make the rest on t ime, you can improve your credit. Set good spending habits and don't get discouraged, even a bankruptcy won't prevent you from buying a home in the future.
Mortgage costs
Myth: Lenders will
'nickel and dime'
you with fees
Fact: A reputable lender should be up front about the fees that are charged, and though the lender is the one to give you the bill, many fees cover third-party costs, like the appraisal, inspection, and credit review. Your loan estimate will break all this down for you, and if anything was overcharged upfront, it will be credited back to you on the settlement sheet.
Housing affordability
Myth: You need 20%
down payment in cash
to purchase a home
Fact: Several loan programs require 0%- 3.5% down. Most government loans, such as Federal Housing Administration (FHA), Department of Veteran's Affairs (VA) and the US Dept. of Agriculture (USDA), as well as state sponsored bond programs have low to no down payment requirements or offer down payment assistance.
Economic
Data
Rates goes up
Rates goes down
Non-farm payrolls higher than expected
Unemployment rate goes down
Better than expected economic data
Jobs data stagnant or in decline
Manufacturing stagnant or slowing
Housing weaker than expected
Geopolitics
China's GDP improves
Middle East tensions ease
European economy sinks
Confiicts or acts of terror
Inflationary
pressure
Higher consumer price index
Higher wholesale prices
Hourly earnings higher
Lower consumer prices
Lower wholesale prices
Hourly earnings lower
The Federal
Reserve
Mortgage rates fiuctuate when the market reacts to economic announcements and stocks and bonds move, but it's impossible to accurately predict short-term interest rate changes
Adding cash into the monetary system
creates a looser credit environment in an
attempt to stimulate the economy through
borrowing and expansion
Stock
market
Stock market on the rise
Stocks in decline
Global
events
A serene landscape around the globe with little catastrophic weather or events
Hurricanes, typhoons, tsunamis and
earthquakes