Applying for a New Home Purchase
We’ll explore all of the options, leading you to the home loan that works best for your budget and for your financial future.
Buying a home is an exciting time. You’re thinking about neighborhoods and the number of bathrooms, but are you giving enough thought to the type of mortgage and terms that will be best for you in the long run? You might even think that securing a home loan will be the same whether you do it online, with a credit union or bank, or with a traditional mortgage broker. As a mortgage professional with 25 years of experience in the industry, I can assure you it isn’t. In most cases, you’ll speak with your mortgage loan officer once or twice and then keep your fingers crossed over the next 30 to 90 days (or more) that your home loan will come through and everything will be in place for settlement. That is nothing like the experience you’ll have with me!
I’m going to be your point of contact from the application until the day you go to settlement. I know the hiccups that can happen along the way and can protect you from those, guiding you through each step. I will always be available for your calls and can tell you almost instantly the status of your loan. We can work together by phone, through our secure online portal, and in-person as needed within Howard County, Maryland, and Central Maryland.
First Things First
Before I make a recommendation or submit your application, I will fully understand your larger financial picture — not just check off the boxes and push your application along. Your mortgage payment is likely your biggest expense each month, and your payment can affect your finances for decades.
Together we’ll look at what a comfortable monthly payment would be for you and the amount a lender is most likely to approve. We’ll also review your credit rating to see how that will affect the rates and terms you can get. It might surprise you that I’ve even advised my clients to hold off until they can improve their credit, and I provide guidance in how to do that.
I’ll take you through a conversation that answers the most common questions: How much should I put down? What is the best loan length for me? How can I get the best rate? Ultimately, my goal is to help you to secure the most favorable loan, while painting a picture of what the cost savings can mean over the years ahead.