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Congratulations on taking the first step! My name is Jason McCue and I would like to thank you for affording me the opportunity to work with you sometime in the near future. I hope this brochure provides some guidance on your upcoming purchase.

As a Mortgage Advisor it is important that I understand your needs and circumstances so I can provide mortgage options that integrate with your life plan. My goal is to minimize your interest and tax expenses while maximizing your safety, liquidity and overall net worth. Jason McCue, NMLS #21661, Licensed in MA (#MLO21661), NH (#NH21661) & CT (#LO-21661) Mortgage Financial, Inc. NMLS#2644, Branch NMLS#32022, LO NMLS#21662 MA Lender License #MC0167 Licensed by the New Hampshire State Banking Department License #5842-MB "d/b/a MFS Home Mortgage"


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Initial Survey – Fill out an initial survey so I can better understand your unique needs and circumstances Pre-Approval – Get Pre-Approved by answering a few questions over the phone or online and know in advance exactly how much house you can afford. Completing this step will also increase your negotiating power since you’ll be viewed as a “cash buyer” Mortgage Presentation – I have created an online presentation to help you make a better decision with regard to rate, terms, closing costs and services Mortgage Analysis – Determine which financing options best suit your needs today and in the future Mortgage Application – A Mortgage Application will be sent out to you to review, sign and send back along with some preliminary documentation requested by the underwriter to approve your loan Make an Offer - Once you find the perfect fit, the terms of the sale will be negotiated through an offer Letter at which point you will need to present your PreApproval Letter. Lock or Float – Now that your offer has been accepted and you have decided on a program you may choose to lock in or float your interest rate. By locking in you secure your interest rate until closing, A closing date is necessary to lock in so we can make sure your interest rate is secured for a sufficient amount of time. If you choose to float your rate will be subject to market fluctuation and can increase, decrease or remain the same from one day to the next. Home Inspection – This is not required by the lender but strongly suggested as it will provide you with a better insight as to the condition of your property Appraisal – Lenders require an appraisal on all home sales. By knowing the true value of the home, the borrower is protected from overpaying. Appraisals usually consist of 3 comparison properties in a specific area that have closed within the past 6 months Processor’s Review – All pertinent information will be packaged by your Mortgage Processor and sent to our underwriter for review Underwriter’s Review – Based on the information put together by the Mortgage Planner, the underwriter makes the final decision regarding whether a loan is approved Approval, Denial or Counter Offer - Issued by the Underwriter Hazard Insurance – Lenders require hazard insurance on the replacement value of the structure. Flood insurance will also be required if the property is located in a flood zone. If you are purchasing a condo you already have this insurance set up and an initial premium is not required, you will however be required to pay a condo fee on your own. Commitment Letter – Issued the day your Mortgage Contingency Date expires on the Purchase and Sale Contract and discloses what conditions remain to clear your loan to close. At this point you should have no conditions listed that could have a negative impact on the approval of your mortgage and if there are you should request an extension to protect your deposit. If an extension is not provided and you decide to move forward your deposit is in jeopardy if you cannot obtain financing. We take this date very seriously and have systems in place to make sure we stay on track and clear your loan of any conditions that could have a negative impact on your approval. HUD Settlement Review – A few days prior to closing the attorney will contact you to review the HUD Settlement Statement. The HUD Settlement Statement is a breakdown of all the numbers you will see at closing. The attorney will inform you of the funds required of you at closing, acceptable form of payment and to whom to make funds payable. Reviewing the HUD a few days prior to closing provides a more enjoy full experience Closing Date – The seller , buyer, realtor(s) and attorney(s) all meet and exchange funds for property and the terms of the mortgage are fully executed Congratulations , you are now a homeowner! Mortgage Management


Market Updates While your searching for a home or working on obtaining an accepted offer rates are continually fluctuating from one day to the next. As an additional service I provide you with Market Updates that keep you informed on the status of mortgage interest rates. By understanding when it’s the best time to secure your interest rate you can save a significant amount of money.

Status Updates Every Wednesday I will call or email you with an update on the status of your mortgage approval. Through my own personal experience with the airlines and delayed flights, I understand how much of a difference a simple update can make. It is important to me that you have a clear understanding of the status of your mortgage approval. Please let me know if this service is not efficient enough for you and I will make arrangements to increase the time between updates.


A Lender who funds their own loans is set up just like a bank but better. A Lender who does not fund their own loans is the same as being a Broker

Three Types Of Mortgage Providers X

X

X

Important Parts Of A Mortgage Transaction Consistency of low rates

Ability to lock

Ability to Underwrite

Able to make Exceptions

Issues Commitment Letter

Funds Loan

X

X

X

X

X

X

X

X

X

X

X

Services Loans

X

A Lender Is Solely Focused On Your Mortgage We do not service your mortgage so there is never a conflict of interest. Servicers receive money each month through the interest rate for sending you the payment/monthly mortgage statements. It is always in our best interest to contact you if rates drop & you can take advantage of a no closing cost refinance. Servicing your mortgage would contradict our effort to manage your mortgage effectively. Banks tend to service their own loans and with only one bidder in the game for the servicing rights it’s almost impossible to be competitive. We sell off the servicing rights a few days after you close. Having 30 different banks trying to out bid each other for the servicing rights is why are rates are more competitive than most banks.


My service doesn’t end at the closing of your new home or refinance of your property.

Rate Watch Rate Watch will continue to monitor your mortgage and compare it to current market conditions after you close making sure you always have the lowest rate available. If the market provides the opportunity to refinance at no cost and lower your rate by .375% or better an automated email is sent to notify you of the opportunity. As an example in January 2008 rates dipped down to 5.375% on a 30 Year Fixed with No Closing Costs for 2 HOURS and then shot back up to 5.875%. This small window of opportunity was previously difficult to communicate to a large client base and provided only a few clients with the ability to save a substantial amount of money. I have invested in technology that will help monitor and communicate these unique opportunities more efficiently.

Credit Pro Far too many times previous clients who had excellent credit end up managing it in a way that has a negative impact on their FICO score. Planning ahead and keeping up to date on the status of your credit translates into far less surprises down the road when you decide to purchase another property, refinance into a lower rate, consolidate high interest debt and or decide to take cash out. Once a year I provide a Virtual Meeting to pull and discuss your credit . If by chance your credit deteriorates I provide a service called Credit Pro that allows me to target a specific FICO score and in minutes I can provide you with helpful information that explains what is required to obtain the targeted FICO score.

Income Track Not disclosing your income to qualify for a mortgage is a thing of the past. It is now more important than ever to plan ahead. That write off that you were thinking about may significantly decrease your income and keep you from refinancing into a lower rate or purchasing an investment property the following year. I suggest to all of my clients that before you sign the dotted line on your tax return call me to discuss or provide me your accountant contact information. Income Track will calculate the impact of your write offs and figure out your purchasing power for the following year.


If you are happy with my service the best way to show your appreciation is to pass this brochure on to a family member(s) or friend(s) who could benefit from my services. My business depends on the number of people who are introduced to me. Enjoy your new home. Sincerely, Jason McCue

Our Mission Is Simple – Your Complete Satisfaction

Jason McCue Lic. Mortgage Advisor Mortgage Financial, Inc. Cell: (617) 799-6704 Email: JMcCue@MFSinc.com Website: TheMcCueGroup.com

Jason McCue, NMLS #21661, Licensed in MA (#MLO21661), NH (#NH21661) & CT (#LO-21661) Mortgage Financial, Inc. NMLS#2644, Branch NMLS#32022, LO NMLS#21662 MA Lender License #MC0167 Licensed by the New Hampshire State Banking Department License #5842-MB "d/b/a MFS Home Mortgage"

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