How do I get pre-approved for a mortgage and is there a cost involved?

The pre-approval process is very easy.  Gary will talk to you about your housing aspirations and short-term goals.  He will then go over different loan options to determine what is the best for you based on your individual circumstances.  A pre-approval letter, which Gary will furnish for you, can put you in a better negotiating position, much like a cash buyer. An added benefit that Gary offers is that there is NO application fee and no fee involved in becoming pre-approved.

When does it make sense to refinance?

Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. Please click here for additional refinancing information.  

What is a rate lock?

There are four components to a rate lock: loan program, interest rate, points if any, and the length of the lock (15, 30, 45, or 60 days).   A rate lock assures you that a specific interest rate will be available to you at the time of closing.  In case interest rates rise, you are protected; if rates become lower, downward adjustments can usually be made.  Gary does not charge any fees to lock a loan. 

How is my credit rating used in the mortgage process?

Credit scores are very important within the financing process for most programs.  Gary can provide you additional information to improve your credit rating if needed.  He has helped many people into the home of their dreams regardless of their credit situation.  Click here for additional credit information.

I am planning on selling my home, do you have anything that may help my home sell faster?

Gary can make free marketing materials available to you when selling a home by owner or with the assistance of an agent. These include bilingual signs/brochures regarding Down Payment Assistance programs, loan comparison sheets designed to fit your house, and a yard sign letting homebuyers know that the house is available with 100% financing.  A majority of people want “No Money Down” programs!  

I am in need of other services, such as a realtor, appraiser, inspector, etc., is there anyone you recommend?

A list of qualified professionals is available for most services needed.  Please contact Gary so that he can furnish you with the most current list of professionals in your area.