Steps to buying a new construction home / home builder

Buying a new home has a different process than buying an existing home.
The first step is to figure out your financing options with a loan officer unless you are paying cash.
As seen below, the loan officer will conduct a review of key information needed to assess your eligibility.
From there you will want to find the home and make an offer to purchase.  Don't be surprised if the home builder asks for a large deposit.  Often the builder has to pay for architectural design blueprints and has to pay for permits before they can begin building your home. The large deposit helps the builder offset the initial cost.
Once under contract I suggest a pre drywall inspection so you can find any issues before the walls are installed and another right before closing.
Contact me today if you want to learn more about buying a new construction home.(919) 714-8796 or complete a quick quote at NevinMortgageTeam.com 

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).

Building your credit

Building credit is a process that takes time, but knowing where to begin can be a key component in reaching your future financial goals.

According to the Consumer Financial Protection Bureau (CFPB), there are a few products and actions that can help you build credit.

HERE ARE THE PRODUCTS TO USE WHEN BUILDING CREDIT:
 •Secured credit cards
•Credit builder loans
•Retail store credit cards

 HERE ARE ACTIONS TO TAKE AND THINGS TO KNOW ABOUT BUILDING YOUR CREDIT :

•Request and review your credit report at least annually atwww.annualcreditreport.com
•Know what matters when trying to build a good credit score
•Take appropriate steps to correct any issues on your credit report
•For more information about building credit, check out the following resources from the Federal Trade Commission (FTC):

Building a better credit report - English

Building a better credit report - Spanish

Contact me today (919) 714-8796    nevin@fairwaymc.com     www.NevinMortgageTeam.com 

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).

American Warrior Initiative provides for Veterans in need. Service dogs

American Warrior Initiative provides for Veterans in need. Service dogs are just one example. 

When our government is unable to properly care for our Veterans we should step up as a community to bridge that gap. This statement can certainly be worded a little less negatively – such as:  The VA has admitted there are challenges in caring for our nations veterans.  I believe as a community we can meet this challenge. American Warrior Initiative and our local communities across the country are coming together to assist veterans in need.­ ­ The American Warrior Initiative is a 501c(3) non profit organizations whose administrative costs are covered entirely by Fairway Independent Mortgage Corporation which ensure that 100% of every dollar donated goes directly to a Veteran in need.

https://americanwarriorinitiative.com/

Mission: https://americanwarriorinitiative.com/mission/

Donate: https://americanwarriorinitiative.com/donate/

Scholarships: https://americanwarriorinitiative.com/collin-cross-scholarship/

Events: https://americanwarriorinitiative.com/blog/

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).

The cost of a mortgtage

The cost of a mortgage matters. Renters trying to become home buyers often want to know the rate and the fees.  What they don’t put much effort into is selecting the right loan officer.  The buyer will be sharing their most personal information with their loan officer. Things like their credit, income, assets, employer, marital status and more.  Yet they focus primarily on the rate and fees. 

The lowest rate and fee does not mean that your loan will close on time or that the loan officer will be available whenever you have a question or a problem.  Think about the loan officer who will, has or is currently helping you with your mortgage.

Do they have a consistent base of testimonials to prove that they do a good job?  I do. https://socialsurvey.me/pages/nevin-williams

Feel free to reach out to me with help to buy your next home or to refinance your mortgage. www.NevinMortgageTeam.com  (919) 714-8796 

Copyright©2019 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender.

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).

Close your home loan fast!

If you need a quick home loan closing contact me today! (919) 714-8796

www.NevinMortgageTeam.com

Don't be afraid to find out if you qualify for a home loan!

Don't be afraid to find out if you qualify for a home loan!
Over the years I have had customers tell me they would have bought a home sooner but didn't think they could qualify for a home loan.  Examples of reasons they didn't think they qualified are:

• They thought they had to have a 20% down payment
• They thought they had to have excellent credit
• They thought they had to pay off all of their debt
• They did not know how to get started

These are not necessarily things that would prevent you from being approved for a home loan. 

Things lenders look for when determining eligibility:

• Ability to pay - Is your income sufficient?
• Stability - How are you paid? Are you salaried, hourly or self employed?
• Credit history - Do you have credit and if you do what has been your past payment performance?
• Collateral - How much money do you have to make a down payment?

You may be surprised to find that there are a lot of loan options available to you if your credit is less than perfect, if you have little to no down payment or haven't been on the job for a long time.  The only way you will ever know is if you contact a licensed loan officer like me and start the preapproval process. 

You can complete a quick quote request on my website: www.NevinMortgageTeam.com Click Home Purchase Qualifier and click on a few questions.  You can also call me (919) 714-8796 or email me: nevin@fairwaymc.com 

I hope you investigate the possibility of home ownership by starting with the first step - the loan pre-approval process.* 

*Pre-approval is based on a preliminary review of credit information provided to Fairway Independent Mortgage Corporation which has not been reviewed by Underwriting. Final loan approval is subject to a full Underwriting review of support documentation including, but not limited to, applicants’ creditworthiness, assets, income information, and a satisfactory appraisal.

Triangle Business Breakfast 10-18-2019

Great time meeting with local business owners this morning. 

If you are looking to buy a home visit my website: www.NevinMortgageTeam.com

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).

Why spend thousands of dollars on selling your home and moving expenses when you can make your home the way you want it?  Add rooms, renovate a kitchen, add a swimming pool, landscaping, energy improvements or a major remodel using your home's equity and this very special loan program.

Find out more at Renovation Loans

#remodel #homeloan #remodelingloans #homeremodel

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).

Cost of a home loan

Learn about typical closing costs when getting a home loan.


                 

                                                              Learn more

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).