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Deanna Gorman |
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Coldwell Banker Latorre |
| mortgage |
Unless you are in a position to pay cash for your home, you will need to obtain a home loan (mortgage) to complete the purchase. I will assist you in this process to help ensure that you obtain the financing that meets your needs.
- Being pre-approved for a loan before you submit an offer will put you in a stronger negotiating position and can save time in the loan approval process.
- I can put you in touch with experienced loan officers at leading mortgage companies. Your loan officer will be your principal guide through the financing process.
- Various financing options may be available to you, including:
Fixed Rate Mortgage
Adjustable Rate Mortgage (ARM)
Government-assisted (FHA or VA) financing
Seller-assisted financing
- You can expect the lender to ask for standard information regarding your income, expenses and obligations.
It's important to me to be able to refer my clients to other professionals who share my same core beliefs.
Just as not all real estate agents are the same, not all lenders are the same. Each mortgage company has different programs to offer and each lender has different services and expertise to offer. All of the following lenders I have worked with personally in the past and can confidently refer them for your lending businss:
- Doug Barnett, Virtual Mortgage (843) 849-8188
- Josh Feldman, CountryWide Home Loans (843) 216-6976
- Kathy McGhee, Wells Fargo Home Mortgage (843) 571-1636 X 12
- Rose Lawless, Bank of America Mortgage (843) 971-1835
Even if you have less than perfect credit, a new home is not out of reach. There are several programs to assist people who are serious about purchasing a home and wanting to get their finances in order. One such program is the Neighborhood Assistance Corporation of America, a non profit community advocacy and homeowner organization assisting people with their dream of homeownership. It is not without a personal investment from the home buyer - and that's what makes it good! People who are willing to invest of themselves to make themselves better will be successful. NACA is partnered with Bank of America and is a good place to start if you have less than perfect credit and/or in the low to moderate income. Visit www.NACA.com for more information.
| can you afford it? |
Realistically assessing your financing upfront will streamline the homefinding process.
| Step 1 : Monthly Income | |||
| Wages, salaries, business income after expenses | ________________ | ||
| Interest, dividends or rental income | ________________ | ||
| Other income (alimony, child support, pensions or Social Security) | ________________ | ||
| Total Monthly Income (Step 1) | $ | ________________ | |
| Step 2 : Monthly Non-Housing Expenses | ________________ | ||
| Food/clothing | ________________ | ||
| Medical (include insurance premiums and prescriptions) | ________________ | ||
| Life insurance | ________________ | ||
| Child care | ________________ | ||
| Automobile expenses (loan, insurance, maintenance) | ________________ | ||
| Education/student Loans | ________________ | ||
| Travel/ recreation | ________________ | ||
| Monthly credit card payments | ________________ | ||
| Monthly bank loan payments (other than a mortgage) | ________________ | ||
| Alimony or child support you owe | ________________ | ||
| Savings and investments | ________________ | ||
| Income taxes | ________________ | ||
| Total Monthly Non-Housing Expenses (Step 2) | $ | ________________ | |
| Step 3 : Amount Available for Monthly Housing Expenses | ________________ | ||
| Total Monthly Income (Step 1) | ________________ | ||
| minus total Non-Housing Expenses (Step 2) | ________________ | ||
| Equals Amount Available for Monthly Housing Expenses (Step 3) | $ | ________________ | |
| Step 4 : Monthly Estimated Housing Expense | ________________ | ||
| Mortgage loan payment (principal and interest) | ________________ | ||
| Property taxes | ________________ | ||
| Mortgage insurance | ________________ | ||
| Homeowner's insurance (liability, flood, fire) | ________________ | ||
| Utilities (heat, water, electricity, gas, trash, removal) | ________________ | ||
| Maintenance and repairs | ________________ | ||
| Other (assessments, homeowners association dues) | ________________ | ||
| Total Monthly Estimated Housing Expenses (Step 4) | $ | ________________ | |
| Compare Step 3 and Step 4 totals. The Total Monthly Estimated Housing Expenses (Step 4) should not exceed the AMount Available for Monthly Estimated Housing Expenses (Step 3) | |||
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| Love to Name Drop? It pays when YOUR name is dropped! For each successful close of a client who "name drops" you, you earn $100.00! |
