Here are some common mortgage questions. Have a question you don’t see answered? Call us at 561-207-8049.
Employment and mortgages
Part of the mortgage process includes verifying income. You must be able to show that you can afford the home loan payments, regardless of the type of home loan program. If you do not have a job or any other way to financially support a mortgage, consider holding off applying for a home loan until you can verify employment and income. If you can prove steady, reliable income – go ahead and apply to pre-qualify for a loan!
Credit and mortgagesCredit is a major player in the home loan process. Your credit score determines your eligibility for home loans and your interest rate. Better your credit, the better your rates.
If you do not have good credit, consider one of the following steps:
- Visit with a credit restoration expert. Contact us for a referral. 561-207-8049
- Take six months to a year and focus on repairing your credit – no late payments, pay down debt, no new credit accounts, etc.
- Learn about the do’s and don’ts of credit when it comes to applying for a mortgage.
Underwater mortgagesDo you owe more on your mortgage than your home is worth? The “housing crisis” of the past several years led to a drop in the value of homes. Many face mortgages that are much higher than their current property values.
- The government has put a handful of programs in place to provide assistance to homeowners. Guidelines and restrictions apply, however there may be options for you depending on the current loan you have. The HARP program and FHA Streamline refinance may help you refinance at a lower rate without an appraisal. Call me at 561-207-8049 to see if you are eligible.
You can switch mortgage lenders at any time - even if you’ve been with your current company for years or if you’re in the midst of refinancing. We’ve met several who are tired of the runaround of the ‘big banks’ and want to switch to someone local and easy to work with. Until you’ve signed on the dotted line – there’s always a way out!
If you’re considering switching lenders, make sure to keep all of the documentation together – your new lender will need to see that. Also, if you’ve already had an appraisal performed, that is one fee that will need to be repeated and cannot be recovered.
As painful as getting a mortgage has become, Toni was on top of all of the required docs, statements, letters etc required to acheive the final goal of closing on our property.
Toni and her team made my home buying experience very easy and simplified. I would definitely recommend her, and of course plan on using her for any future home buying.
I can honestly say that Toni is professional, a straight shooter, and all around just a very professional woman. She has proven her honestly and knowledge time and time again throughout this transaction. In my experience with Toni, her prompt and courteous service, and her keen attention to detail cannot be matched. Not many can boast 29 years of mortgage experience and that experience really showed while dealing with her. Thank you Toni
Toni took the time to make sure we understood everything that was going on and she was very helpful and made the process very easy and stress free!!!!
Toni and her team made our home buying process so easy! The professional service we received was top notch from our initial phone call to the closing table. This was not our first home purchase and I'm sure it will not be the last...but I can safely say Toni will handle all of our future needs! Thanks Toni
never in my life did I think getting a mortgage could be that easy...thank you Toni for all the work you did...it was extremely painless and quick. I would highly recommend you to my family and friends
Toni Taylor did a fantastic job with the mortgage process from start to finish. I would highly recommend her to anyone searching for a mortgage. I was very happy with how patient and understanding she was for me as a first time home buyer and this being all new to me she was great.
Toni and her staff are aggressive comptent and personable A treat to work with 2nd loan with her When you compare she wins Really enjoyed working with her a+ rating
Toni and her team played a huge role in helping to make this process seem less daunting and tedious. They were incredibly responsive and went above and beyond to help us execute a quick close. Highly recommend this local resource to anyone who wants 5 star service!!
Toni Taylor did an outstanding job for us on our recent purchase of a home in Florida. She was extremely knowledgeable, helpful, always accessible and delivered great results for us. When we told her that membership fees for our development would be going up $10,000 in a little over a weeks' time, she came up with a plan to help us close before the increase. She is quite pleasant to work with too.