Spectrum Mortgage

read moreAnything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure. Here is a list of the information mortgage lenders will use to consider your loan application.

read moreEither a mortgage broker or a loan officer may assist you when it comes to getting a mortgage loan. Because both reap the same result (a new home), it's easy to confuse the two. But as you enter the application process, it will benefit you if you recognize how they are different. A mortgage broker (either a firm or an individual) is an independent agent for the mortgage loan borrower as well as the lender. A mortgage broker facilitates things between you and your lender, which can be one of the following: a credit union, bank, trust company, finance company, mortgage corporation or even an individual, private investor.

read moreBefore you begin to shop for a new home, you should set up a time to meet with me so we can figure out how much you can afford. This will put you in a better position as a buyer. That's when it is important to understand the distinction between being pre-qualified for a loan and pre-approved for a loan. The difference between the two terms will be crucial when you decide to make an offer on a house. To get pre-qualified for a loan, I will collect information about your debt, income, and assets.

read moreA fixed-rate loan features a fixed payment amount over the life of the mortgage. The property tax and homeowners insurance will increase over time, but in general, payment amounts on these types of loans don't increase much. At the beginning of a a fixed-rate mortgage loan, the majority the payment is applied to interest. The amount applied to principal increases up slowly each month. You can choose a fixed-rate loan in order to lock in a low interest rate. Borrowers select these types of loans because interest rates are low and they want to lock in at the low rate.

read moreThere's little question; getting a mortgage loan is a complicated process. You wouldn't be here on our website if you could complete a simple application and receive the best loan check cut the same day. We do the heavy lifting for you, so you can concentrate on what's important - preparing to move into your new home or saving money. This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history?

read moreWe should say that "working with us" is the first way! When you let us help you find the loan that's right for you, you truly are taking advantage of some of the area's best technology and expertise to get you a loan decision and funding on your loan quickly. And remember that the appraiser doesn't want to buy your house. He or she will say what the house is worth clean and tidy and in reasonable repair, even if you have some dirty laundry on the laundry room floor or dirty dishes in the sink. Cleaning doesn't get you a higher appraisal!

read moreUsing our online loan application, you can take your time and complete your application whenever it's convenient for you. And, you can always save your work and come back and complete it later if you need to. We can guide you to the right loan amount and best program for you. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.