Get Mortgage Ready
Mortgage Ready | Close With Pam
“There wouldn’t be a sky full of stars if we were all meant to wish on the same one.” —Frances Clark
Everyone wants to help you when you have a 750+ credit score and make six figures. Unfortunately, that is not the norm for many of us.
So, what do you do?
You get Mortgage Ready! Check out our resources below that make homeownership a reality for everyone!
Getting Mortgage Ready
When you borrow money to buy your home, you apply for a residential mortgage. For some, this is an easy process. But for others, you may have roadblocks that need to be handled first.
So, what do you do if you've been told "fix your issue and come back" and you have no idea how to "fix it"? I can help.
In an an effort to help buyers overcome roadblocks that prevent home ownership. I've assembled services that can either be done with me, directly by the client, or with the help of a certified HUD counselor. I've also made another webiste called Clients2Homeowners.com that shows loan originators how they can help clients with DIY solutions or refer clients to HUD counselors who assist clients in getting mortgage ready.
There are four specific issues that commonly hinder clients from proceeding with a home purchase:
Help With Credit
Dealing with multiple credit issues is the primary issue that faces pre-purchase clients. Fixing credit issues requires attention to detail, interacting with creditors, and advocating for your rights. You also need someone in your corner that knows the system.
Learn more about advocacy programs and how fixing your credit gets you Mortgage Ready!
Student Loan Debt Relief
Student loan debt relief is a growing need as clients with student loans discover astronomical payment amounts durning the loan application process.
Clients are shocked by payment amounts, and government backed student loans are complex with a wide range of choices.
Fortunately, you are not alone, and their are many options available for managing student debt and Getting Mortgage Ready!
Find out more about available resources for student loan debt relief.
Home Down Payment Assistance (DPA)
Availability of DPA funds is the 2nd highest client need. More and more prospective homebuyers find themselves competing with cash buyers and home flippers who don’t need seller contribution towards closing costs. Having a variety of DPA funds available helps these clients to be competitive in these instances.
Learn more about Down Payment Assistance programs and how fixing your credit gets you Mortgage Ready!
Budgeting For A Home
Determining your budget is a balancing act:
- What do you want?
- What do you need?
- What can you afford?
- What can you sacrifice?
These seem like simple questions, but when you start to evaluate what you want, need, can afford, and sacrifices, the questions become complex.
That's why all HUD HCA’s have
home budgeting help built into the organization education. Learn more about the programs available to you.
