Understanding the Mortgage Process

Mortgage 101

Let's face it, the mortgage is the most important item in buying a home. Without the mortgage there is no home. Mortgages can be very confusing .

The most important part is getting your Pre-qualification letter and Pre-approval letter. Without these letters sellers are not going to take you seriously. I have also blogged about down payments in the past and have added a Mortgage page to my website that covers Types of Mortgages and Down Payments. One of the most crucial items that affect your mortgage is your credit score. Your credit score affects the rate you get with your mortgage. When filling out your loan application there is a lot to understand. You will find a Loan Application Checklist on my website to help you with the mortgage process.

Be careful when looking online for a lender. There are a lot of scammers out there. The Consumer Financial Protection Bureau (CFPB) has a great brochure to help you look into your lender. The National Mortgage Licensing System (NMLS) has a government’s lender licensing database. Go over all costs with your mortgage lender that will be on your mortgage payment. Ask about PMI: Private Mortgage Insurance. You do not need any unexpected expenses. I hope that my website will help you. If I can help you in any way with your real estate needs please just ask.

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Fair Housing Declaration Part 4 of 4

Part 4 of my series on discrimination n Real estate is about the Fair housing Act. This shows buyers and sellers the dos and do n0t's, rights and penalties under the law. It is a important law that guarantees that no one can refuse to sell or lease property to anyone because of race, color, religion, sex, handicap, familial status, sexual orientation, gender identity and national origin. Please checkout the whole Fair Housing Act with the United States Department of Justice. I have included some excerpts from the ACT. Sec. 805. [42 U.S.C. 3605] Discrimination in Residential Real Estate-Related Transactions (a) In General.--It shall be unlawful for any person or other entity whose business includes engaging in residential real estate-related transactions to discriminate against any person in making available such a transaction, or in the terms or conditions of such a transaction, because of race, color, religion, sex, handicap, familial status, or national origin. (b) Definitio...

Getting your ducks in a row before you start house hunting

I have spent over 25 years helping buyers find their right home. I can help you find your right home. I have years worth of helpful information on my website for you to explore. Even if you have bought a home in the past this information might be of interest. I cover mortgages, hiring an agent, free home searches and much more. If you have any questions just ask .

The hard part of buying a home, Closing and Escrow

This is such a hectic time in the home buying process. There is so much going and understanding all that is happening is very important. My Closing and Escrow page covers a lot of the problems and paperwork that needs to be handled. I cover keeping your credit in check and information on choosing a closing date. I have added pages on both Title Insurance and Homeowners Insurance. Keeping up with everything your Escrow Officer needs on a timely basis is a must. I covered the escrow officer's duties on both my Closing and Escrow page and on the Understanding the Escrow Officers Duties Page. Going over these pages will help your stress level. This is the time that an agent is invaluable. Let Valerie Bomberger, ABR, AHWD with RE/MAX Harbor Country help you navigate the Closing and Escrow process and any other part of the home buying process. Please contact me on my website or call / text 269-208-4750

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