Home Buyers Packet
Matt Minder Mortgage Consultant 651.303.8563 mattminder.com nmls #265834
NMLS 265834
Matt Minder Home Loans With The Utmost Integrity
I have been serving people through mortgage consultations and loan origination for residential home loans and refinances, licensed in MN & WI. I entered the mortgage industry in 1991, and have helped thousands of people attain the dream of home ownership! Experience and integrity are hallmarks of my business. Throughout my career in mortgage, I have maintained the highest level of truth in lending and keep current with market trends. I offer a variety of loan options including: Conventional, FHA, VA, Jumbo, and a wide variety of niche products. I am a preferred gold-level lender with MHFA - Minnesota Housing Finance Agency. Whether you are buying your first home, a lake home, or your dream home, I can help you get there. My wife and I have raised our three kids in South Maplewood. I enjoy camping, golf, and I am a proud original season ticket hold of the Minnesota Wild. I have enjoyed coaching and cheering on my kids and many others over the years.
651.303.8563 MattMinder.com Matt@MattMinder.com
Follow me on Facebook & Instagram @themortgageminder
Branch Office: 8360 City Centre Dr, Ste 100, Woodbury MN 55125 NMLS ID#6606. All products are not available in all states. All options are not available on all programs. All programs are subject to borrower and property qualifications. Rates, terms and conditions are subject to change without notice. ©New American Funding. New American and New American Funding are registered trademarks of Broker Solutions Inc. dba New American Funding. All Rights Reserved. Corporate Office is located at 14511 Myford Road Suite 100, Tustin CA 92780. Phone (800)450-2010. 8/2015
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Now that you've selected a great Real Estate Agent, it's time to start gathering the required documents for your home loan preapproval. Once I have the required paperwork, I can let you know exactly how much you qualify for and give you a few options for rates and terms. Getting started is easy!
CONGRATULATIONS!
YOU'RE BEGINNING YOUR SEARCH FOR A NEW HOME. All we need are the following documents:
1. Last 2 years Federal Tax Returns 2. Last 2 years W-2s and/or 1099s 3. Most-recent pay stubs, covering 30 days 4. All pages of your bank statements for past two months (including checking, savings, retirement and stock summaries) If either you or your spouse is a veteran or currently in the military, I will need a copy of your DD214 form.
Once you have gathered all the required documents, please send them to me and I'll get the preapproval process started. Before you know it, you'll be in your new home!
Contact me today Matt Minder
Sr Mortgage Consultant, NMLS 265834
6S 1.303.8S63 matt@mattminder.com www.mattminder.com Home Loans With The Utmost Integrity
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NMLS#6606 EQUAL HOUSING OPPORTUNITY
NMLS #6606. Subject to borrower and property qualifications. Terms and conditions are subject to change without notice. Not all applicants will qualify. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone (800)450-2010. 08/2018.
Are You Looking for the Right Home Loan? WE’VE GOT IT AND MORE!
HOME PURCHASE LOANS
To ensure every customer we serve gets the right home loan and the best possible service, we’ve invested heavily in a wide range of resources:
CONVENTIONAL • As low as 3% down • FICO as low as 620 • Cancellable mortgage insurance
JUMBO • As low as 5% down • Loan amounts as high as $5 million • No mortgage insurance required with some programs It all starts with choosing the right person, who can find the ideal fit and a company that provides a broad range of options! We make loans you can live with.
FHA • As low as 3.5% down • Down payment assistance permitted
VA • As low as 0% down • No mortgage insurance required
Contact me today Matt Minder Loan Consultant NMLS# 265834
C: (651) 303-8563 O: (800) 450-2010 F: (651) 846-4255 matt.minder@nafinc.com mattminder.com
Subject to borrower and property qualifications. Not all applicants will qualify. NMLS #6606. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. 09/2020
YOUR HOMEBUYING PROCESS STARTS HERE! STEP 1:
Get pre-approved for a home loan
Dream up your dream home
Coordinate appraisal & home inspection
Are you considering buying a home but unsure where to begin? We can take you through the process one step at a time and you might find that it is far easier than you imagined!
A pre-approval shows you how much you can afford so you can narrow down your home search.
Start home hunting with your Real Estate Agent
Choose & apply for the right home loan
Make an offer on your dream home
Negotiate price & terms, and get your offer accepted!
MOVE IN! Negotiate any needed home repairs
Sign loan & closing documents
Contact me today Matt Minder Loan Consultant NMLS# 265834
C: (651) 303-8563 O: (800) 450-2010 F: (651) 846-4255 matt.minder@nafinc.com mattminder.com
Subject to borrower and property qualifications. Not all applicants will qualify. NMLS #6606. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. 07/2020
Key Players in the Homebuying Process Buying a home is an exciting process and these professionals are ready to help you along the way: The Loan Officer • P requalifies you to determine how much you can borrow to buy a home • E xplains all loan options before you make any big decisions • C ollects any necessary documentation to help fund your loan
The Real Estate Agent
The Insurance Agent
• L istens to your needs and helps you find exactly what you’re looking for in a home
• Assesses your needs to help you find the best homeowner’s insurance for your situation
• R esearches market trends to help you make the right offer
• Provides proof of insurance to your lender
• K eeps you informed on filling out paper work and meeting deadlines
The Title & Escrow Officers
The Home Inspector
• T he Title Officer ensures that there are no discrepancies related to the title of deed of the home
• I nspects the home for damages or issues
• T he Escrow Officer checks and finalizes documentation before funds for the sale are transferred
• P rovides reports that help determine whether you should move forward or re-evaluate the terms of the sale
• H elps evaluate what needs to be fixed or replaced
The Appraiser • Compares different criteria to determine the home’s value • Estimates the market value of the home • Measures your chosen home up against surrounding homes
Contact me today Matt Minder Loan Consultant NMLS# 265834
C: (651) 303-8563 O: (800) 450-2010 F: (651) 846-4255 matt.minder@nafinc.com mattminder.com
Subject to borrower and property qualifications. Not all applicants will qualify. Terms and conditions are subject to change without notice. NMLS #6606. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. 06/2019
The DO’S
&
DON’TS
During the Home Loan Process
DO’S
DON’TS
Do educate yourself about the homebuying and home financing process, making sure that you meet your short and long-term financial goals.
Don’t make large deposits, withdrawals, transfers or financed purchases. If you must, then save the documentation itemizing these transactions.
Do stay in your job so your mortgage lender can verify your current employment status.
Don’t allow your bank accounts to go in the negative, even if you have overdraft protection.
Do stay current on all your payments, including payments for your mortgage, automobile, credit cards, student loans and any other debt.
Don’t apply for new credit or give your personal information to anyone else who might run your credit, which can hurt your credit score.
Do make sure to organize key documents, including check stubs, W-2s, tax returns, bank and investment statements, Note or Deed to other properties, etc.
Don’t close credit card accounts after you’ve paid them off. This may increase your debt ratio and have a negative impact on your credit score.
Do document any part of your down payment that’s a gift. Ask for gifted funds as soon as possible with your Loan Officer’s guidance.
Don’t keep cash in a safe or an overseas account if it’s for a down payment. Inquire about the best time to put funds into your U.S. bank account.
Contact me today Matt Minder Loan Consultant NMLS# 265834
C: (651) 303-8563 O: (800) 450-2010 F: (651) 846-4255 matt.minder@nafinc.com mattminder.com
Subject to borrower and property qualifications. Not all applicants will qualify. NMLS #6606. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. 07/2020
HELPFUL TIPS Cash-to-close refers to the money that you as the buyer must send the escrow company, a third party that has been designated to handle the close of your real estate transaction. To ensure everything goes smoothly, here are some tips, insights and advice to get your home purchase to the finish line. Don’t buy anything big or seek additional credit during the critical closing period. A large purchase could change your credit or level of reserves used by your lender as the basis for your loan, causing a recalculation of your credit standing, possibly delaying or derailing your ability to receive mortgage financing. Gather and secure well in advance the estimated funds (down payment and closing costs) needed to close your loan. Although you may not know the exact amount until escrow receives the final loan documents, allowing it to pro-rate all expenses such as taxes, HOA dues, etc., you will likely have a ballpark figure based on the Closing Disclosure. Use this time to learn if your bank has wire limitations (days’ notice it will need), account restrictions (such as wire limits) or other procedures you must follow. Once you know the exact amount, arrange to send funds via wire or certified cashier’s check to the closing agent or escrow company at least 24 hours prior to funding. Certified Cashier’s Check - After checking your ID and verifying you have cleared funds (deposits that have cleared the bank’s waiting
period) to cover the transaction, the bank will draw a certified cashier’s check with your name and the payee’s name on it and then sign it. Bank Wire Transfer - Although electronic transfers might be faster, this may also entail greater risk because of increasing wire fraud scams. Therefore, verify and reverify the instructions and procedures you’re supposed to follow with trusted sources, and further keep in mind the following: 1. Never wire funds to anybody or any institution unless you have checked the wire instructions independently with your title company, settlement or closing agent. 2. Many title companies, settlement companies and closing agents post their wire instructions on their company websites, so compare the information on these official websites with the instructions you have received. 3. Only send money to trusted sources whose information you’ve been able to independently confirm. Although it is one of the last steps in completing your real estate transaction, Cash-to-Close might also be the most important. By knowing your role and following all money transfer safety precautions, you’ll reach the finish line in winning fashion.
Contact me today Matt Minder Loan Consultant NMLS# 265834
C: (651) 303-8563 O: (800) 450-2010 F: (651) 846-4255 matt.minder@nafinc.com mattminder.com
Subject to borrower and property qualifications. Not all applicants will qualify. NMLS #6606. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. 09/2020
Important Information About Your First Mortgage Payment Welcome to New American Funding! We are pleased to have you as our customer. Shortly after loan funding, you will receive a welcome letter which will provide very important information regarding your loan and two ways to register with us. The first way to register your account is to download the New American Funding My Mortgage App and use your loan number from the welcome letter. Once registered, you will have easy mobile access to the most up-to-date news about your home loan. This includes information about your home equity and estimated property value (if available in your area), as well as the capability to make electronic payments anytime, anywhere. The second way to register is to visit NewAmericanFunding.com and click on “My Loan” in the top right corner. You will be connected to our Customer Care website where you can also register to make online payments, get access to your important loan information and more.
New American Funding P.O. Box 650076 Dallas, TX 75265-0076
Customer Care (800)-893-5304
Monday - Friday: 7:00 am-9:00 pm Central Time Saturday: 9:00 am - 1:00 pm Central Time
Contact me today Matt Minder Loan Consultant NMLS# 265834
C: (651) 303-8563 O: (800) 450-2010 F: (651) 846-4255 matt.minder@nafinc.com mattminder.com
NMLS #6606. Corporate office 14511 Myford Rd., Suite 100, Tustin, CA 92780. Phone: (800) 450-2010. 11/2019
Get in Touch FOR YOUR NEXT STEPS TO YOUR NEXT HOME!
Mortgage Consultant, nmls 265834 licensed in MN & WI 651.303.8563 matt@mattminder.com mattminder.com