Finance
Learn today what it takes to get on the Path2Buy (tm) for your new home!
The team of Mortgage Advisor Scott Layden of Waterstone Mortgage will guide you every step of the way to learn:
- What minimum scores are needed to qualify for a mortgage, and how you can save thousands of dollars with their special techniques to legitimately raise your FICO scores;
- What minimum down payment and cash to close are needed to purchase your new home. Learn all about creative ways to minimize your cash out of pocket, if that is a goal of yours;
- What are the "7.5 Reasons" you may want to legitimately sit on the sidelines before purchasing your new home, and why, when your 7.5 reasons are satisfied, you can act with confidence, if you so choose;
- How to select the best combination of mortgage product type, cost and performance characteristics expected from your new home mortgage.
Says Mortgage Expert Educator Scott Layden: "At Waterstone Mortgage, we are well aware of the many emotional benefits of homeownership. However, this is an important financial milestone, as well. We don't merely look at a home mortgage as a debt to be eliminated. A modern mortgage, managed correctly, can be a powerful financial tool that can help limit financial risk through diversification, build wealth through highest and best use of each family dollar, fund education, retirement and other family goals, including of course, being debt free with plenty of assets at a chosen time in the future. At Waterstone Mortgage, we don't finance just houses...we finance lives."
Waterstone Mortgage carries virtually all the wholesale mortgage companies and virtually all available mortgage products, is both a bank, mortgage bank and brokerage, and has special rate/product shopping software to shop the entire mortgage market for you faster and more accurately than virtually any consumer portal can offer. So, you can be assured of the best product, plus a consistently competitive rate and cost combination when it's time to lock.
Waterstone Mortgage will help you secure pre-approval for your new home mortgage....for free*.
Note: Securing pre approval is a requirement prior to actually viewing homes personally via Nicolette Fontaine and her team.
To secure your pre approval, either call Scott Layden at 615 224-8861 or 800-300-0995 x 121 or email him at slayden@waterstonemortgage.com.
You can check out Waterstone Mortgage Corp. more at www.WaterstoneMortgageTN.com
*Credit report fee is credited to you at final application...there is no duplication of costs, as long as your report has not expired.
Adjustable - An Adjustable Rate Mortgage, or ARM, is a type of mortgage in which the interest rate is adjusted up or down, in accordance with current interest rate levels. The interest rates are tied to an economic index outside of your banks control, such as the Treasury bill rate. Your monthly principal and interest payment will fluctuate with these rate changes. Initially payments will be less than with a fixed mortgage, making this type of mortgage attractive to short-term buyers. Note: Inquire on the "cap", or maximum interest level your mortgage can reach, since it is possible for rates to raise significantly during the term of your mortgage.
Fixed - A fixed rate mortgage, on the other hand, uses both a fixed term (length of time) and fixed interest rate. At the start of the mortgage the rate and term are determined, and as a result the monthly amount for principal and interest payments remain constant for the duration of the mortgage. Fixed rate loans are more attractive to home buyers who plan on spending a long time in their home, or expect no major change in income.
Assumable - Sometimes homebuyers can find a loan which is "assumable." With an assumable loan, the current sellers lender is willing to transfer the existing loan to you, either at the previous interest rate or the current interest rate. Assumable loans are attractive to buyers because they usually require less paper work and less time.
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