Provided by Freddie Mac, in this guide, you will learn about one of the most important steps in the homebuying process—obtaining a mortgage. The materials in this guide will take you from application to closing, and they’ll even address the first months of homeownership to show you the kinds of things you need to do to keep your home. Knowing what to expect will give you the confidence you need to make the best decisions about your home purchase.
When you apply for a loan, you typically need to provide quite a bit of information to your lender. This allows your lender to verify your income and assets. Start gathering this information when you decide to buy a home so that your mortgage application processing will go as quickly as possible. This checklist will help you pull together what you need:
The mortgage calculator is a tool made available estimating a sales price and payments that might work for an individual homebuyer. All calculations are theoretical only, and actual amounts may be higher or lower depending on a variety of factors. The calculator was developed by a third-part and accuracy is not guaranteed. To help better address your mortgage payment questions, we recommend contacting one of our loan officers regarding you home loan needs.
Your FICO score is what most lenders use to calculate your credit risk. They use it to decide whether to offer credit to potential borrowers and at what interest rate.
It is made up of 5 elements:
Tips for Maintaining or Repairing Your FICO Credit Score:
To help protect consumers, the Consumer Protection Bureau has developed this toolkit to assist homebuyers in the home-buying process. This publication will help you make the most of your mortgage, and help you decide on the best home loan product for you.
Below are important forms that may be required from you during the home loan buying process. Additional documents may be requested depending on your individual situation. Please contact your loan officer regarding any questions about home loan forms.
“Thank you, Sean and Lynesey. Working with you two has been a pleasure. You two have kept me relaxed and worry free through the process of buying my new home. Sean you were very helpful in getting me passed the bumps and bruises in my credit report. It was great to know I had a team like yours in my corner. I thank you and my two little girls thank you. You made my youngests' dream come true of having her own room.”
“We really appreciate everything Sean did for our family, he made our dreams of becoming first-time homeowners a reality. He was there for us day and night with any questions or concerns we had. We couldn't imagine our homebuying process any easier. He was there step-by-step explaining every option we had. He made us feel like his only cencern. WE truly believe it would have not been possible for us without Sean. He'll be first and only recommendation we have for any friends or family looking to purchase a home. We cannot thank him enough.”
“My wife and I ended up switching to Sean and the MFS Team 20 days prior to closing in which we needed to hit the ground running. Not only did they make the loan process more enjoyable, they were able to keep their promise and even get the closing documents one day earlier and got us a lower rate!! Everyone that we worked with was professional and on top of their dame. I would highly recommend Sean and Mortgage Financial Services to my family, friends and/or anyone trying to buy a house. Thank you to the MFS family for everything you did to make this happen!”
“We closed on out new home September 22, 2015, and Sean Briggs along with his team were fantastic to work with. They stayed on top of things and did not ask for things two or three times. His processors are very knowledgeable in the business and were able to answer all of our questions. They constantly kept us updated and returned out phone calls which I know does not always happen/ We were on a 30 day lock and they had us ready to go by day 15 and approved HUD and documents out 5 days before closing. This was a great experience and I would most definitely recommend Sean and his team to others!”
“My team and I have worked with Sean and his team for the past 5 years and he is by far the best in the business. He handles his clients and his colleagues with respect and goes the extra mile every time. I do not and would not hesitate to refer my family and friends to him.”
I have vested over 18 years in the Mortgage Industry as a Senior Mortgage Loan Originator, Mortgage Broker and Banker. I owned and operated my own Mortgage Brokerage as President/CEO for over 13 plus years managing a workforce comprised of 26 loan originators, processors and support staff. Developing relationships as the Preferred Lending Partner with top local and national builders and real estate professionals. With the single premise that the every client is special and to provide them with service and integrity that surpasses the top competition in the industry. We are all a team and every member is as important as the other, I owe my success to those team members as it would not have been possible without them. Our dedication to serving you the client has not and will never change. Let me put that dedication, drive, determination and experience to work for you and your family.
RMLO NMLS ID 315777
2001 LAKESIDE PARKWAY
FLOWER MOUND, TX 75028
O: (817) 601-9034 // C: (972) 839-9481