Here are the steps to getting preapproved to buy a home via my You Tube channel. Understanding what steps to take and what a lender is looking for will make the process of buying a home so much easier. Make sure to check out my other educational videos bout home buying.

#preapproval #homeloan #homebuyer #youtube #nevin_mortgage_team

The reverse mortgage is a great loan for seniors that is underutilized.  See details below. 

Make sure to try out our reverse mortgage calculator.

#reversemortgage #reversemortgagecalculator

Fixer upper homes

Buying fixer upper homes can be lucrative or can become a disaster especially if you run out of money to complete the renovation project.  If you think you might be tight on cash to remodel a fixer upper you might want to consider applying for a renovation home loan.

The renovation home loan allows the home buyer to finance the cost of renovations with a small down payment.  The renovation loan will require a property appraisal and will use what the value would be after renovations are completed to determine the maximum loan amount.  I personally believe having this appraisal protects the home buyer by avoiding over improvement of the property.

Contact me today to learn more about the renovation loan and make buying a fixer upper home a reality without a large up front investment!

Licensed by the Department of Business Oversight under the California Residential Mortgage

Lending Act, License No 41DBO-78367.  Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289.  Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).

What is the home loan process?

The home loan process can sometimes be confusing for first time home buyers and seasoned home owners.  There are a lot of confusing industry terms and steps that have to be taken. Unless you work in the industry and have experience you will likely have a hard time understanding the loan process.  For that reason we created this step by step home loan process flyer. 

Want to get pre-approved for a home loan? 

Nevin Williams Fairway Independent Mortgage Corporation Apex NC

Licensed by the
Department of Business Oversight under the California Residential Mortgage
Lending Act, License No 41DBO-78367.  Licensed by the Department of
Business Oversight under the California Financing Law, NMLS #2289.  Loans
made or arranged pursuant to a California Residential Mortgage Lending Act
License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).

Let me be your lender for life

You have one doctor, one
CPA and likely one financial planner. Why use different mortgage lenders each
time you need a home loan? I get to know you and understand your needs. This
makes it easier for me to properly structure your loan to meet your long and
short term needs.

Licensed by the
Department of Business Oversight under the California Residential Mortgage
Lending Act, License No 41DBO-78367.  Licensed by the Department of
Business Oversight under the California Financing Law, NMLS #2289.  Loans
made or arranged pursuant to a California Residential Mortgage Lending Act
License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).

What are mortgage rates like?

I am often asked, what are mortgage rates like?  I tell them mortgage rates are low!  Looking at historical rates can really help you realize just how low they are in comparison to years past. Although mortgage rates fluctuate and can change throughout the day, when you look at the big picture mortgage rates are very low. Mortgage rates might rise before you can lock in your rate but again if you look at the history of rates you are choosing a great time to buy or refinance your home. 

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367.  Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289.  Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).

You could get a mortgage from a vending machine!

Opinion:

I found a lower rate so I am going with XYZ bank. Sounds great! Unfortunately the way your loan was structured could cost you more money than a slightly higher rate would have. How can that be?! Getting a "good deal" on mortgage loan is not as easy as just shopping the rate. There are other factors that mitigate the expense of the loan. Structuring PMI, Paying points vs. not paying points, time the loan will be kept, how the home will be used as a few examples. I'm willing to bet the "low rate lender" didn't take the time to explain all of these things to you. Having a lower rate is fine and dandy until your loan is structured improperly and ends up costing you more money than what you would have saved with the lower rate. Isn't the purpose of the lower rate to save money? This is why my profession requires a State and Federal license. If it was as simple as getting a low rate, loan officers would not be needed. You could get a mortgage from a vending machine!

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License No 41DBO-78367.  Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289.  Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).