YOUR MORTGAGE PLAN

What does your mortgage plan mean? I have customers come to me on a referral basis daily and the only thing in common with all my clients is that their mortgage needs and what they need to do to qualify is unlike anyone else!!!! This is where I come in – as your mortgage girl, I look at each individuals unique situation and figure out a mortgage plan for them based on their credit, job history, down payment and what their lifestyle needs are. What I want to stress to anyone who is reading this article and all the people who are referred to me – this is a safe zone for you, no judgment – I am here to help no matter what.

Today I am going to focus on something that many people are not aware is available to them, absolutely free of charge and it can change your buying future for the better.

START RIGHT PROGRAM!

My start right program is working for many clients and has proven to be very successful for my clients and my referral partners.

I have a follow up system in place, based on what is required to get a client, you, in a mortgage. For some reason you don’t qualify to buy right now and usually get discouraged and give up when you are told you are declined by the lenders.

I look at your decline from a lender as an opportunity – the first step is taken – you know you want to own a home – so what needs to happen to get you there. I set up a plan, free of charge for you so you can reach your home ownership goals.

The program is set from 4 months to 2 years to get you qualified! Instead of staying in the same dreaded cycle of not qualifying because you don’t fully understand why you didn’t in the first place or didn’t know how to fix it.

All the correspondence I send to you to get back on track is also co-branded with your original referring partners(realtor, home sales consultant, friend) information on it and when you are ready to buy, you are referred back to them to buy your home!

Contact Amy Wilson today! I promise it is easier than you think and well worth it!

You dont’ even need to leave the comfort of your own home as all my services are done over phone, email and or fax!

Click here to do an ONLINE APPLICATION NOW!

You’ve been offered an amazing rate and you just can’t believe how much you will save. You’re super excited and getting ready to go sign off on the papers when you randomly run into a mortgage broker and mention the deal you scored. The broker says to you that’s an awesome rate, any idea what the penalty calculation is if you need to refinance in the future?. Wait what…isn’t it the same as the last mortgage I had?

Maybe but maybe not. There are a lot of new mortgage products available on the market that offer lower rates while giving up other benefits. These mortgage options may have higher penalties, lower prepayment privileges or even worse they could have a bone fide sale clause.

I don’t blame a consumer for always thinking rate first. The industry as a whole is guilty of shoving rates in our face anytime they possibly can. It’s the easiest part of a mortgage to compare and easiest to advertise. But definitely not the most important part.

Being aware of all the terms and conditions is the key to finding your best mortgage option. You should be aware that there are mortgages that may come with one or more of the following terms:

* Sales only clause, meaning you may not be able to refinance your mortgage until your term is up

* A higher set pay out penalty. Meaning you may have to pay more than the standard 3 months interest or Interest Rate Differential penalty.

* Smaller prepayment options

* and more!

Always ask these 5 Questions when offered a mortgage:

1. How is the pay out penalty calculated if I break the mortgage?

2. Can I refinance with another lender before my term is up?

3. Is the mortgage registered as a Standard or Collateral charge on my land title?

4. What are my prepayment privileges?

5. Is the mortgage portable and assumable?

Bottom line is that knowing all the fine print is essential in making an educated mortgage decision. We never know what is going to happen in life and saving a little bit on your mortgage rate may cost you more in the long run.

Thank-you Kathleen Dediluke for the above article.