Take advantage of the low interest rates! Allow our team lender to assist you with determining your buying power and financing options. They, too, are committed to exceeding our clients' expectations when providing the following services:

- Mortgage Loan Advice

- Mortgage Loan Financing

- Mortgage Loan Refinancing

Call today for a free personalized assessment.
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9 Things a Lender Needs from You

1) W-2 forms or business tax return forms (last two years for every person signing the loan).
2) Copies of at least two pay stubs for every person signing the loan.
3) Copies of two months of bank or credit union statements.
4) Copies of personal tax forms for the last two years.
5) Copies of brokerage account statements for two to four months.
6) Copies of your most recent 401(k) or other retirement account statement.
7) Documentation to verify additional income, such as child support or a pension.
8) Addresses where you have lived for the last 2 years, with names of landlords if appropriate.
9) Credit Report.

Choices that will affect your loan

Mortgage term. Mortgages are generally available in terms of 15, 20 or 30 years. Usually, the longer the term, the lower the monthly mortgage payment will be. However, the longer the term, the more interest you pay.

Fixed interest rate mortgage loans. With this type of loan, the interest rate will remain fixed for the term chosen, usually a good choice if interest rates are low.

Adjustable rate mortgage (ARM) loans. With an ARM, the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly. Banks usually offer a lower rate for the first years of the term chosen. You can benefit from this type of loan when interest rates are high or when you expect that your income will grow significantly in the coming years.

Balloon mortgage loans. This type of loan will have very low interest rate for a short period of time, usually three to seven years. Usually, monthly mortgage payments cover interest only and the principal owed never changes. You can benefit from this type of loan when you plan on selling your home within a few years of its purchase.

Government-backed mortgage loans. These types of loans are sponsored by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). You can benefit from these types of loans because they offer terms not offered by other types of loans, such as lower down payments, reduced interest rates, low closing costs and easy credit qualifying.

Mortgage and Interest Rates