Mortgage loans can be daunting, time consuming, and downright confusing.
That's why we have a team of dedicated hard-working professionals working
countless of hours learning understanding all the ins and outs of
every type of loan so you can get the right loan for the perfect home. And how
do we do this? Let's take a look.
Hey, I just took the pre-approval for the Smith's What type alone are we gonna give them?
FHA.
Awesome, thanks.
Hey, I gotta set the Akers up with a loan, but which one?
USDA
Sweet!
Hi, can I help you?
Hi, I'm here to get a mortgage.
Sure...step on over here.
Go on....go ahead....
Go ahead, give it a spin.
USDA!!! That's a good one!
(record scratch) What the heck was that!?
I'm outta here!
Ok, that's not exactly how it happens.
There's quite a lot to consider when you are looking into a mortgage so some of
the things that we look at our credit for example. When we look at credit every
program has different credit guidelines, what credit scores you have to have to
go into different programs. Your interest rate can be affected by your credit
score in certain programs. There's also how much of a down payment do you have?
How much money do you have? Some programs have zero down and there's some programs
that you can put quite a bit down. Also, the assets that are in your bank
accounts can determine if you can stay in that program. Then there's also
community programs in these community programs look at how much income is in
the household or how much income the borrower has if they do qualify for
those programs. So, it's not as black and white as maybe you know those of you who
aren't in the industry think that we can just we'll pick that program. We really
think about where you fit and so the best thing you can do is talk to a
mortgage specialist. They're gonna really custom make tailor and figure out the
best program show you options. So speaking to those specialists is what's
going to answer your questions. If you have any questions please put them below
and we'd be happy to answer them and then maybe even you'll see another
informational video coming your way.

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