Success Mortgage Partners - With Kristin Jamieson Kristin Jamieson

 Sandy Tolen, a loan processor on our team, is here today to give you a look at what she does with us. This is her introduction Check out the next Agent Mastermind Apply Online Meet Sandy Tolen, a loan processor on our team. Sandy has worked with us for just over a year and a half, but has been in the mortgage industry for more than 15 years. As a loan processor, Sandy reviews documents provided by the borrowers to ensure that they meet underwriting guidelines. She also works directly with the underwriters throughout the process to help loans be approved. Sandy says that the most rewarding part of her job is helping people get into homes. Sandy notes, also, that it is a common misconception that all loans are the same. In her role, she encounters and handles a variety different circumstances. The most rewarding part about her work on our team, though, is being able to get people into homes. This is what she says is her favorite part of her job. If you have any other questions or would like more information, feel free to give us a call or send us an email, we look forward to hearing from you soon.

 Nadia Lokhnauth has been with us for about two years now. Here’s why she is such an important member of our team. Check out the next Agent Mastermind Apply Online Today we are excited to introduce you to another important member of our team at Success Mortgage Partners, Inc. Nadia Lokhnauth has been with us for about two years now as a junior loan processor. She has recently started placing all the orders for our appraisals while still processing loans, herself. She puts all the documents together and makes sure it gets sent to our underwriters for loan approval. When the loan initially comes back from underwriting, she also works with the title company in getting certain documents recovered and back to underwriting for final approval. The mortgage process isn’t as stressful as you think. One thing that Nadia wants people to know is that the mortgage process isn’t as stressful as you think. There are so many options and different programs available to borrowers, you’ll be just fine as long as you have the right lender helping you through the process. If you have any questions for us, don’t hesitate to reach out and give us a call or send us an email. Any time. We look forward to hearing from you soon.

Crystal Harris is here today to talk a little more about the loan application process. Check out the next Agent Mastermind Apply Online In our last video, we talked to Evelyn about the beginning of the application process. This time, we’re here with Crystal Harris to dig into the process a little further. Crystal has been with us for a little over a year, and this is her first job in the mortgage industry. After Evelyn gets applications sent out to clients, Crystal is responsible for helping you through the application process, answering any and every question you have. After the application is in, she is the one who will follow up with you and request a whole lot of paperwork. Be prepared for us to ask for a lot of information. It’s not going to be an easy thing to do to track down everything we need, but it will be worth it. The process is vastly different and more complex than it used to be, but it’s worth it in the end. The hard work is worth it in the end. After all your questions have been answered and you get your paperwork in, Crystal will make an appointment for you with Kristin where you can go over everything in further detail. Most people don’t know what the application process is going to be like and that’s why Crystal enjoys helping our clients by answering their questions, letting them know what to expect, and calming any fears they have. If you are interested in getting a loan application started or if you just have any questions, give us a call or send us an email. We look forward to hearing from you.

Today we’d like to introduce Evelyn, the receptionist (and your first point of contact) at Success Mortgage Partners. Check out the next Agent Mastermind Apply Online Evelyn has worked at Success Mortgage Partners since September of 2016. As a receptionist, she is your first point of contact when you inquire about an application. She makes sure that you get the application and will answer your questions as well. “What I enjoy most is learning everything that I didn’t know before,” Evelyn says. “I have been able to soak in a lot of information about the mortgage process that I didn’t know before, so it’s been a really good experience so far.” “Kristin has a lot of knowledge and she will do everything she can to help you get a new home,” Evelyn adds. The sooner you send in your information, the better. One thing Evelyn thinks that everyone should know about the mortgage process is that the whole process depends on you. “We will do everything we can on our end,” says Evelyn, “But it really depends on when we get your information. The quicker you send us your information, the faster we can start the whole process.” If you have any other questions for our team, just give us a call or send us an email. We would be happy to help you!

How can you have a loan amount that’s higher than the FHA limit in Lake County? Can a seller hold a small note for an FHA, like a second mortgage? Today we’ll answer both of these questions. Check out the next Agent Mastermind Apply Online In the final installment of our series where we answer agents' questions, today we’re fielding a two-parter from Allison Wheatley of First Realty. First, she asks, “Someone said that the FHA loan limit in Lake County is $274,850; however, one of my buyers has a loan amount of $285,000. How does that work?” Secondly, she asks, “Can the seller hold a small note for an FHA, like a second mortgage?” To answer her first question, the FHA does set loan limits per county, and they’ll change based on what county you live in. The FHA loan limit in Lake County is $274,850, but that’s not the purchase price limit. People can purchase homes for however much they want, but the FHA has stated that they will not lend any more than the $274,850 limit in that county. FHA loan limits change based on what county you live in. For example, if somebody wants to buy a house that costs $300,000, that’s perfectly OK; however, they’re going to have to put down the extra $25,150 to bring the base loan amount down to the FHA loan limit in our county. To answer her second question, the FHA doesn’t allow interested party contributions such as seller-held second mortgages into the transaction. The only thing the sellers can do, per FHA guidelines, is help pay up to 6% in closing costs into the transaction. If you or your buyers have any other questions in regard to FHA loans or their requirements, please don’t hesitate to give us a call. We’d be happy to help!

Today we’re answering a question about credit score requirements for different types of home loans and how you can get your score up if you don’t qualify. Check out the next Agent Mastermind Apply Online Today we’re answering more questions from real estate agents about home loans. The question we’ll address today is, “What credit score is necessary for each type of loan?” At Success Mortgage Partners, our credit score requirements might be a little different than other places, but we do have very liberal credit score requirements for each particular loan type. These are the scores we will lend for by type: FHA: 600 VA: 600 USDA: 620 (if we are generating a credit score) Conventional: 620 There are things we can do for buyers on the borderline with credit score. There are things we can do for buyers on the borderline with their credit score, such as helping people have a higher balance on one of their credit cards. We can coach them on paying that balance down and working on credit rescore to get them to the point of qualifying. If someone is way out of the realm of qualifying, we don’t just turn our backs. We make referrals to credit repair companies that we’ve worked with who we know do a good job and care about their clients. Just like lenders, not all credit repair companies are created equal, so we’ve done a lot of research in this area. If someone you know has a score that’s below our requirements, don’t hesitate to reach out to us to start a conversation. If you have any other questions about lending guidelines or how we can help, give me a call or send us an email. We’d love to help!