The monthly payments would depend on several things such the actual loan amount, the rate of interest that you qualify for, taxes, homeowners insurance, etc. Additionally there could be monthly HOA fees if the home is in an area with a homeowners association.

Yeah! How excited you must be if you have received your pre-approval for your dream home! However, please don't go out and celebrate just yet by purchasing all new furnishings, appliances, or that lovely expensive patio furniture that you've been dreaming of for your new home. At least, don't do that yet by putting it on credit or blowing the money in your bank accounts. Please keep in mind that your approval was based on things like your current employment, debt-to-income ratio, an expected down-payment or closing costs, and other factors. Changing any of those things could put the closing and funding of your mortgage at risk. In a nutshell, please just don’t do anything related to your credit profile or finances that will cause a major change, and, if you're not sure, please just ask your trusted mortgage loan advisor/loan originator, me!

1) Hold off on making any major purchases (furniture, car, boat, jewelry, etc.)

2) Don't apply for new credit - no credit cards, same as cash incentives, nothing

3) Do not pay off creditors or collections - oddly enough this could temporarily negatively impact your credit score. 

4) Continue to make all scheduled payments, including your current mortgage.

5) Do not change bank accounts, move money around in accounts, or make any unusual deposits or withdraws

6) Don't change jobs, quit your job, or retire

If a family member or friend wants to help with a down-payment, it's just best to let your loan officer, me, know about it before you deposit it into one of your accounts.

Any questions? Just contact me!

The credit scores needed for a mortgage varies by loan type and other credit and eligibility factors. However, the lowest score that we can generally expect to obtain an approval for is 580. Are you ready to discuss your situation and your options?

The down payment needed for a mortgage varies by loan type and other credit and eligibility factors. The lowest down payment option is $0 such as for VA, USDA, and some FHA 1st time homebuyer grants. Generally though 3% - 20% is needed. Would you like to talk about your options?

Mortgage brokers represent you, the customer, not the lender because they are not employees of a lending institution. Brokers are not limited like a banker in the products we can offer you. Brokers can seek out the best lender package to suit your specific situation. I communicate directly with you via my personal cell phone for calls and texts to keep you updated and answer questions along the way. I am available when you need me, not just 9 - 5. I work with an amazing team to ensure that your loan is processed fast and efficiently and to make this exciting experience as enjoyable and simple for you as possible. We typically save clients THOUSANDS of dollars!