Here are some of the fine mortgage institutions in the area. Click on the logo to go to their sites for more information on what they have to offer.

In today's highly competitive market, buyers who arrange their financing first have a distinct advantage. With a pre-approval in hand, you can shop for your new home knowing what your approved loan amount is and how different loan amounts will affect your monthly mortgage payment.

Pre-approval will also help your real estate professional know what price range to keep your home search within - and it gives you a great negotiating tool when you are ready to make an offer. In competitive situations, a pre-approved mortgage could make the difference between getting the home of your dreams or losing out to someone else.

We can tailor a mortgage program to fit your specific needs.
Dressel Meadows Realty knows that financing can be a hectic part of the home buying experience. Area mortgage professionals make it their priority to guide you through the financing process and into the best loan program for your situation. They can provide approvals in minutes, hassle-free one-stop shopping, and efficient underwriting with your best interests in mind. With a vast menu of loan products at their disposal, they will find a solution that gives you the greatest long-term benefit at the most competitive rate.
An important decision in the process is whether to select a fixed rate or an adjustable rate mortgage (ARM). Fixed rate mortgages offer principal and interest payments that don't change during the loan term. ARMs and balloons generally offer a lower starting interest rate; however, the payments can go up or down periodically (annually or every few years) depending on market conditions and the type of ARM selected.

Use the following as a guide to determine which mortgage may work best for you:

With over 300 different Mortgage Products available, your area Mortgage Specialist can help you determine the best product for your current and anticipated future situation.

TIP: You could experience significant savings with a 15-year Mortgage. For instance on a $150,000 mortgage at 7.5% interest you would pay approximately $250,293 over the life of the loan. On this same loan with a 30-year term you would pay approximately $377,575 over the life of the loan. This is a savings of around $125,000 - over $8,300 per year for 15 years.

Are you concerned about qualifying for the amount needed to purchase the home that will fit your needs best? Or, is your estimated monthly mortgage amount higher than you expected?

Here are a few options to consider during the qualification process:

Your area Mortgage Specialists can help you determine which qualification strategies will work best for you. Remember, their role is to make this process as easy as possible for you while also meeting all of your short- and long-term home financing objectives.

TIP: Keep money aside- -don't spend all of your money on the down payment and closing costs. "Incidentals" can add up quickly and you'll want to have some cash for moving expenses, new window treatments, landscaping - - and of course everything from caulk and painting supplies to lawn mowers and ladders. In fact, in some cases your lender may require that you show evidence of having at least two months worth of house payments available after closing.

Don't be discouraged if your credit history doesn't sparkle. Lenders have a large variety of mortgage products and special programs that will help you qualify for the home you want. Let your Mortgage Specialist help you evaluate your credit history and provide assistance.

For those credit issues that affect your ability to buy today, develop a budget to pay off debt - - and stick to it. It may take a year or more to clear everything up, but perseverance will pay off.

Your area Mortgage Specialists will help you develop a plan, and you'll be well on your way to home ownership!

Perhaps you are self-employed... work on commission... have past or present credit issues... or have other unique financial circumstances that may disqualify you from getting a loan.

It is estimated that 25% of prospective home buyers are in the alternative finance category - - either with low credit scores or hard-to-document income, assets, or employment. There are a broad range of innovative programs can break down barriers to qualification such as high debt ratios, late mortgage payments, open collections or judgments, bankruptcies, or foreclosures.

Contact your area Mortgage Specialist or your tax advisor for guidance.

TIP: When Refinancing Makes Dollars and Sense - Sometimes it doesn't make sense to refinance unless the new rate is at least 1% lower than the rate on your current mortgage.