First-time Homebuyer Education

-


Over 70% of Seniors Say Their Home is Their Most Valuable Asset According to AAG Survey

Nearly 75% Also Say Buying a Home was the Best Financial Decision They Ever Made


For the past 24 years, as the owner of Mortgage Quest, I have witnessed my clients build wealth through owning their own home.  My goal has always been to educate my clients on what steps need to be taken in order to be homeowners.  I realize that first-time homebuyers may feel uneasy on not knowing what questions to ask, but I can help.

Whether you decide to purchase your first home or not it's important to be educated so that you're making an informed decision.

There are several myths that many first-time buyers hear and just to clarify a few untruths:

  • Your do not need perfect credit
  • You do not need a large downpayment
  • You do not need to be at your job for 2 years

If you are a renter or a first-time homebuyer I am always available to answer any questions and discuss the entire qualification and mortgage process together:

  • Credit Scores
  • Monthly Debt and Debt Ratios
  • Income Amount and Type
  • Assets and Downpayment Options
  • Budgeting 
  • Property Taxes, Home Insurance and HOA
  • The Mortgage Process
  • Loan Programs
  • Mortgage Insurance
  • Realtor Process

Feel free to call at any time and we can discuss any questions.


Bob McCormick, President
 
Toll Free 800-328-0144 


14362 N Frank Lloyd Wright Blvd #1000
Scottsdale, AZ 85260

23 Corporate Plaza Dr. #150
Newport Beach, CA 92660

 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Comments

Post a Comment

Popular posts from this blog

Don't Overpay For Your Mortgage! Utilize Our Wholesale Rates

-
Image
It's Pretty Simple: Low Overhead + Low Margins = Low Rates! Over 24 years ago, after working for large banks and mortgage banking companies, I figured out how to operate a mortgage company using a business model which allows us to offer ultra-low interest rates for our clients (Generally .25% - .50% lower than the competition)! We utilize extremely low operating costs and margins. Also, by receiving Wholesale Interest Rates and, as the sole-owner/loan officer, I personally control our pricing model which keeps our rates very low versus the competition as we have cut out layers of extra loan officer commissions and expenses. Thus, passing these savings on to our clients via lower rates. Combined with our Free Interest Rate Floatdown Option we help our clients obtain the lowest possible rates prior to closing. We are extremely aggressive on Jumbo, Conforming and High Balance Fannie Mae/Freddie Mac, USDA, FHA and VA saleable loans. To see how we operate differently visit us at:
Read more

Debt Consolidation Loan Options (Reduce interest rates on overall monthly debt and maximize cash flow)

-
Image
  Debt Consolidation Refinance A debt consolidation refinance allows you to pay off high-interest credit card debt, medical bills, student loans, and any other loan balances that you carry (as well as utilizing home equity for home improvement projects) to lower the overall interest and maximize monthly cash flow. This can be achieved by either combining all debts into a new first mortgage or by taking out a new second mortgage (loan or home equity line of credit).   There are certain situations where combining all debt into a new first mortgage can be financially beneficial, even if the first mortgage rate is very low. If you have any questions or would like an amortization breakdown scenario generated just let me know. To see how we operate differently visit us at: www.McCormickLendingGroup.com     Bob McCormick, President Call Toll Free 800 328-0144 Email- McCormickLending@gmail.com Residential - Commercial - Business Lending 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260
Read more

Adjustable and Fixed Rate Reserve Mortgage Options (Low Costs and Margins) preserving equity!

-
Image
As the owner of Mortgage Quest I personally control out pricing model.  This allows us to offer extremeiy low margins and costs on our Reverse Mortgages helping preserve as much equity as possible over the life of the loan. Equity disbursement is Tax Free With the Fixed rate option the rate never changes and does not have the 2% financed FHA Mortgage Insurance Use equity for Tax Free Liquidity versus liquidating asset accounts  For borrowers over 55+ years old looking to purchase or refinance Only have to qualify to prove ability to pay annual property taxes and insurance Borrowers always keep title to their home No Prepayment Penalty To see how we operate differently visit us at: www.McCormickLendingGroup.com     Bob McCormick, President Call Toll Free 800 328-0144 Email- McCormickLending@gmail.com Residential - Portfolio - Private - Reverse 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660    mb0903631 nmls175743 nmls179756
Read more