Mortgage Insurance Tax Deduction

Legislation is still pending to determine if Mortgage Insurance (MI) will be an allowable deduction in 2014. The following information is not tax advice and you should consult your tax advisor regarding deductions. MORTGAGE INSURANCE TAX DEDUCTION Like the Mortgage Interest Tax Deduction, borrower-paid Mortgage Insurance that was acquired after 2006 can be tax deductible for 2013 on all […]

Closing Your Home Loan

CLOSING YOUR HOME LOAN There is a ton of information to know about closing a home loan; therefore, we have created a series of pages to provide you the details you need to know. Both the title company and lender will expect you to know the information contained in these sections. Please review each section and […]

Closing Basics

  WHAT TO BRING TO CLOSING Driver’s License or ID: You will need to bring your driver’s license (or some form of government-issued ID such as a passport, identification card, etc.). If you’re not a U.S. Citizen then you need a copy of your Visa and/or Green Card as well. Funds: If money is due at […]

Funding the Loan

Funding The Loan   FUNDING A loan is funded when the lender send their money to the title company.  The funding is the final stage in the home buying and refinance processes, and there are a few things to know about the process and what’s required before a loan is finalized. Once the closing documents have been signed by all parties, […]

Lender Process

The following is an overview of the loan process when securing a mortgage. This process begins once the loan details (such as program, rate, costs, etc.) have been finalized and a contract has been executed. LOAN PACKAGING (1-2 business days) Borrower provides “Green Light” and a loan package sent  for review and signatures Signed loan […]

Loan Application Completed

Thank you for submitting your loan application.  We will reach out to you to review the details and discuss the next steps.  Please start gathering your Supporting Documents so you can Get Pre-Approved. Next Step: Get Pre-Approved Current Step: Gather Documents Previous Step: Submit Loan Application Please contact us if you have any questions about the supporting documents. […]

Loan Consultation

coming soon! The loan consultation will take approximately 30 to 45 minutes and will be when we finalize the details of financing.   Interest Rates When to Lock Premium Pricing Closing Costs Review the Loan Process   Next Step: The Loan Process  

Select a Realtor

“You get what you pay for” isn’t necessarily true in real estate. Most Realtors earn a 3% commission on the sale’s price of the home yet the level of expertise, professionalism, and service vary greatly from Realtor to Realtor. It’s important to select a professional that has in-depth knowledge of your market with your best […]

Escrow Accounts

ESCROW ACCOUNTS A mortgage escrow account is a reserve account held by the mortgage servicer on behalf of the homeowner, and contains the homeowner’s funds that are used to pay the annual property taxes and homeowners insurance when the bills come due. While these funds technically belong to the homeowner, the homeowner can’t access the funds in this […]

Escrow Analysis – Refunds and Shortages

ESCROW ANALYSIS If you currently have a mortgage AND have an Escrow Account then this page may be applicable to you. You may also want to check out our page on Escrow Tax Increases and New Construction Values.  REGULATION Every year, typically around February, mortgage servicers conduct an escrow analysis to ensure that your escrow account […]