Home Ownership Goals in St. Louis 
By Tim Whitmire Senior Mortgage Banker With First Integrity Mortgage Services
Start with a solid plan today!
The vast majority of New Year’s resolutions have to do with health and finances. We can’t help you eat healthier, exercise, or lose weight, but we can help you get on track to be financially fit with a refinance or by helping you prepare to purchase your first home or your next home in 2018.
The key to a smooth real estate transaction, whether it is buying your first home, your next home, or refinancing, is following a well-thought-out solid plan.
A successful purchase transaction starts well before looking at your first home. An informed buyer first prepares by talking with their mortgage banker months ahead of time. So many times home buyers wish they had done this or wish they had not done that. We have a list of Do’s and Don’ts to share with home buyers looking to purchase a home in 2018. Call us for this FREE and simple guide.
We also help buyers understand their options with detailed loan analysis worksheets. These worksheets include a complete breakdown of all costs associated with the transaction, cash needed to close, and a breakdown of what the monthly payments will be. This helps home buyers establish down payment goals, which can be turned into a monthly or weekly savings plan.
Credit is also very important. It is important to know your credit score and how it impacts your mortgage. Even if you already have excellent credit, increasing your score can help you obtain a lower rate and save thousands of dollars over the life of the loan. A First Integrity Mortgage Banker can help you understand how to improve your score. Viewing and having a full understanding of your credit months prior to your purchase while there is still ample time to improve your score can pay off in a big way.
Is it better to save for a larger down payment, or to use that cash to pay down debt and improve your credit score? It’s important to get these answers before you begin shopping for a home.
There are many ways refinancing can help you meet your 2018 financial goals.
With increasing home values, you or a friend or family member may be able to save money by eliminating Private Mortgage Insurance (PMI) from your mortgage.
Or, you may want to make home improvements. Did you know that you do not need equity in your home to finance home improvements? Call today and ask how. (314) 878-7900.
With the Federal Reserve Bank raising short-term rates and Prime rate increasing, you may need help to pay off high rate credit card debt or you may want to pay off an adjustable rate second mortgage.
Refinancing can help you achieve goals of lowering your monthly payment, paying off your mortgage quicker, consolidating debt, lowering your rate, eliminating PMI, adding or removing someone from the mortgage, etc.
It takes very little effort on your end to find out if you could benefit from refinancing. A First Integrity Senior Mortgage Banker will ask the right questions to learn about your existing situation and understand your goals. With this information, we provide a no cost, no obligation analysis to determine if you could benefit from refinancing. Call Today! Tim Whitmire 314-402-8184 or timw@firstintegrity.com.