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Before You Look For The Perfect Home, Find The Perfect Mortgage
Buying a home is one of the biggest purchases most of us make. Before you begin looking at that dream home, ask yourself:
Do I have enough money to buy this house with out mortgage financing?
If the answer is no, then it's time to become educated about what mortgage is right for you. At Heartland Mortgage, Inc, we take the time to talk about not just rates and fees, but what your future plans are. Why? Because the last few years have shown us that getting the WRONG mortgage can turn anyone's dream of homeownership into a nightmare.
Most companies will simply "prequalify" you--they will TELL you the maximum you can afford based on an automated computer underwriting system.
At Heartland Mortgage we will SHOW you what you can afford based on how much you take home each paycheck, how much savings you have, and how much you can expect for the "unexpected" house expenses like electric, water, maintenance and so on.
This simple philosophy has enabled 15 years worth of our clients to not only buy their home, but actually comfortably afford their home.
In addition, we believe in a full preapproval, not a prequalification. Underwriting guidelines are constantly changing, and a "prequalification" today might not lead to a preapproval in a day, week or month with the constantly changing mortgage guidelines.
House hunting can be exciting and disappointing at the same time. Some people find the perfect home in three days, for others, it can take months.
But imagine finding the perfect home, only to find out that the financing guidelines have changed, and since you weren't preapproved under the old guidelines, you can't qualify at all!
A review of our Loan Programs appears on this website. Call or e-mail us and we'll talk about how we can tailor a mortgage to make sure you are a homeowner success story.
If you are already living in your dream home, we can help make sure you've got the dream mortgage to go with it with a lower monthly mortgage payment! Refinancing could be the way to go. Check it out with our Refinance Mortgage Calculator.
Or, try out our Debt Consolidation Mortgage Calculator to see if a home equity loan or second mortgage would work for you.
Buying a home is more than just a big investment. It is a place where you build your memories, establish roots, build community and grow a family.
Our family is here to help your family with your mortgage financial planning....for life.
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Heartland Mortgage
6262 N. Swan, Ste 150
Tucson, AZ 85718
Office Phone: 520-577-0834 ext 12 Fax: 520-299-8421 Cell: 520-975-8810
Email: frankheartland@gmail.com
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- A Passion For Mortgage Education: The best way to "protect" homeowners and homebuyers is to empower them through education. Helping people make one of their most important decisions is a serious responsibility, but something that I enjoy doing. This enthusiasm and hard work will benefit you and help reduce the stress and anxiety often associated with real estate transactions.
- Community Involvement:
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 Mortgage News Daily
How Did The Employment Report Affect Mortgage Rates? - 3 days ago
Posted To: Mortgage Rate WatchIt is the first Friday of the month and that brings us the official government report on the labor market: The Employment Situation Report. This release provides four headline measures on the health of the jobs sector. Nonfarm Payrolls: totals the number of jobs that were added to or cut from employer payrolls in the prior month. Consensus Forecast: -100,000 vs. -131,000 in July (Private payrolls increased 71,000 in July and +41,000 expected today) Unemployment Rate: the percentage of working-age, mentally able-Americans who are jobless. Consensus Forecast: 9.6% of the labor force vs. 9.5% last month Average Hourly Earnings: the average amount of earnings per hour of labor performed. Consensus Forecast: +0.1% vs. +0.2% last month. Average Work Week: average amount of hours worked by an employee...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
All Signs Point to Higher Rates in Week Ahead - 3 days ago
Posted To: MBS CommentaryNFP has come and gone, let's see where things stand.... The October delivery FNCL 4.0 is -0-09 at 102-15. In the chart below I called attention to a few technical inflection points. The ascending trend channel that helped mortgage rates hit new lows on Wednesday has broken down and FNCL 4.0s have made their way back into the range that moderated price action for the majority of August. The falling knife found support and bounced higher directly in the middle of that range. 10s flagged lower for the entire month of August (all summer really) and are now flagging higher. The 2.625% coupon bearing 10 year TSY note is off its session price lows (98-24) at 99-07 yielding 2.715% (+8.8bps). 10s are the worst spot on the curve followed by 7s (+8.6bps) and the long bond (+7.6bps). Volume was heavy into...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
FHFA Establishes New Housing Goals for GSEs - 3 days ago
Posted To: MND NewsWireThe Federal Housing Finance Agency (FHFA), conservator of Freddie Mac and Fannie Mae (the Enterprises) has established its final housing goals for the Enterprises in 2010-2011. FHFA is required by the Housing and Economic Recovery Act of 2008 (HERA) to set such goals for targeted segments of the mortgage market The new rules establish three goals for single-family, owner-occupied home purchases; one for low-income families, another for very low-income families, and a third for families living in geographical areas with lower-income populations, areas with high concentrations of minority residents, or federal declared disaster areas. The goal for disaster areas contains a sub-goal to ensure that the needs of lower-income and minority areas are addressed. A goal has also been established for...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Banks Prefer Cash Buyers in REO Sales; Freddie Mac Streamline Refi Program; Originator Capacity Constraints; Comments on Property Flipping - 3 days ago
Posted To: Pipeline PressIf there's one thing that an investor will never let any originator off the buyback hook for, it's fraud . Not only that, but the penalties can go far beyond merely buying back the loan, and saying' "My bad." Just in the last few days, Laura-Jean Arvelo and Ronald O'Malley, a New Jersey mortgage broker and former head of the Bergen County Improvement Authority, was indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Both are charged with wire fraud, bank fraud and loan application fraud in order to take bogus documents and falsified applications to trick lenders into making mortgage loans and benefited from fees they received. Ryan Miller of Missouri was sentenced to more than 12 years in federal prison and pay $6 million in restitution for mortgage fraud...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Employment Situation Report: -54K Total Job Losses. Private Sector Adds 67k Positions. Bonds Sell - 3 days ago
Posted To: MBS CommentaryTHE EMPLOYMENT SITUATION – AUGUST 2010 – BETTER THAN EXPECTED From the Release... Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment fell, as 114,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment continued to trend up modestly (+67,000). The number of unemployed persons (14.9 million) and the unemployment rate (9.6 percent) were little changed in August. From May through August, the jobless rate remained in the range of 9.5 to 9.7 percent. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month to 6.2 million . In August, 42...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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