Last updated 3 months ago
In the following list of resources, you’ll find helpful articles on how to become a homeowner in today’s market. You’ll also find information on when to refinance your home, how to choose the right loan program, and more.
- The first step every prospective homeowner should take is to get preapproved for a loan. Discover the many ways you can benefit from mortgage preapproval by reading through this article.
- Check out Credit.com to find details on how your credit score is calculated and what factors affect the numbers.
- If you’ve never met a loan officer and are curious to learn more about what they do, read through this detailed description from the Bureau of Labor Statistics.
- Check out this article for a look at the top 10 questions to ask your mortgage lender or loan officer during the home loan application process.
- A good credit score can help you qualify for a mortgage or mortgage refinancing. Take a look at this article from Money.MSN.com to determine your FICO score.
- If you are interested in applying for an FHA loan, take a look at this article to learn how to prepare for the loan application process.
- Are you financially ready to buy a home? Check out this article to find tips and advice that can help you answer this question.
If you’re ready to apply for a mortgage, get preapproved for a loan, or refinance your current home, contact the Joe Joe Banker Team at (913) 390-3852 today.
Last updated 4 months ago
If you are preparing to buy your first home and need to find a loan, it’s best to work with an in-house loan officer at an established financial institution. This is the surest way to get the best, most comprehensive service on any mortgage loan. The advantages of working with an in-house loan officers include:
- Establishing a Relationship with Your Lender
Many borrowers don’t take the time to establish a positive working relationship with their lenders. Getting to know an in-house loan officer will make you feel more confident in your financial decisions. An experienced loan officer will also work hard to find terms best suited to you and your personal financial situation.
- Access to Better Deals on Loans
If you work with an in-house loan officer for a financial institution that offers direct lending, you are more likely to get an exceptional deal on a mortgage loan. Even if you have a less-than-stellar credit history, a loan officer at a local institution will be better equipped to offer you fair terms than a bank.
- Guidance on Refinancing Your Mortgage
Refinancing can be the perfect way to untangle a snarled financial situation, allowing you to lower your monthly mortgage payments and pay off your debts. If you are considering refinancing your current home, you need the aid of an experienced loan professional. An in-house loan officer can help you find the right mortgage program and the best possible rates for your refinancing.
When you work with an in-house loan officer at the Joe Joe Banker Team, Kansas City’s premier mortgage broker firm, you’ll enjoy outstanding rates and low fees even when the economy is rough. We offer direct funding, direct underwriting, and direct processing of all our loans, and we believe in making that extra effort to ensure that all of our clients get satisfactory results. Call (913) 390-3852 to get started.
Last updated 4 months ago
This Bridal Spectacular was a HUGE success! We had a great time teaching people about the low-down-payment options that are available right now! It sounds so cliche, but it's true-there has NEVER been a better time to buy. Depressed housing market and LOW LOW rates. Most of the fly-by-night Mortgage Broker's and quick-profit Realtors have been pushed out of the market. It's all quality now baby! Special thanks to PaulSellsKC.com and JamesSellsKC.com! This event was a HUGE SUCCESS!
Links
Two of My Favorite KC Realtors
Last updated 4 months ago
Is mortgage refinancing the best financial decision for you? It can be hard to know without consulting the experts.
This video can help you decide if refinancing your home makes the most sense for your current financial situation and introduces several popular reasons why homeowners seek to refinance. If you would like to switch from an adjustable-rate mortgage, consolidate your debts, or even start your own business, call your financial advisor or lender about refinancing today.
Now that you’ve decided to refinance your home, call the Joe Joe Banker Team to discuss how to optimize your home loan. We work with hundreds of banks and lenders to find our clients the best and most affordable home loan options available. We can also help you with your other real estate and loan questions, so call us today at (913) 390-3852.
Last updated 4 months ago
Your credit score will be the determining factor in whether you qualify for a home loan and how much you qualify for. If you’re unsure of what your credit score is, what it signifies, and how it’s calculated, read through the following information to learn more.
A credit score is a three-digit number that is generated by a mathematical algorithm using information from a person’s credit history. There are five financial categories that comprise an individual’s credit, or FICO, score: payment history, amounts owed, length of credit history, new credit, and types of credit used. However, some factors such as payment history and amount of debt owed are weighed more heavily. The credit score is designed to predict the risk of a person becoming delinquent on his or her credit obligations within the 24 months following scoring. When assessing your credit score, remember that the higher the number, the better the score and the less risk you’re calculated to have.
- How is a Credit Score Calculated?
When evaluating your risk, your lender will assess the five categories mentioned above. Payment history makes up 35 percent of your score. Amounts owed make up 30 percent. Length of your credit history accounts for 15 percent, while new credit and types of credit used make up 10 percent respectively. However, your lender doesn’t calculate your score by hand. He or she will enter your information into the FICO calculator to configure your credit score. You may consider obtaining your credit score before visiting a lender so that you may dispute any discrepancies with the reporting agencies.
- What is Considered Good Credit?
According to the creators of the FICO scoring system, the credit score scale runs from 300 to 850, and the average credit score falls between 600 and 800. You will want to achieve a score of 720 or higher in order to receive the lowest interest rate. A higher score could mean the difference of more than $110,000 in interest payments for a $100,000 loan on a 30-year mortgage, for example.
If you would like to apply for a home loan, visit the Joe Joe Banker Team. Our goal is to provide excellent financial services and assistance and find our clients the best rates available. To get started, call (913) 390-3852.
