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CONTACT IVETTE

THANKS FOR SUBMITTING

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I will be here for you every step of the way. 

I will tell you things exactly as they are, with 100% full transparency. 

I will work hard to get you the best loan option possible.

My commitment to you

Frequently Asked Questions

WHAT ARE SOME OF THE REASONS PEOPLE MAY NOT QUALIFY FOR A HOME?

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Many times why clients don’t qualify is because of their credit score and that’s where lots of Loan Officers get lazy and don’t help their clients with the credit steps to get their score where it needs to be.

HOW DO I CHECK MY FREE CREDIT REPORT?

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Consumers are entitled to a free credit report every 12 months from one of the three major credit bureaus: Equifax, TransUnion and Experian.

SHOULD I REFINANCE MY MORTGAGE?

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Several factors need to be considered when determining the answer to this mortgage question. Current interest rates, your new mortgage payment, how long you’ll be in your current home and closing costs should be examined while you’re reaching a decision

CAN YOU GET A MORTGAGE WITHOUT A CREDIT SCORE?

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It is possible to get a mortgage without a credit score. To get a mortgage without a credit score, you’ll need to go through a process known as manual underwriting and provide proof that you pay your bills on time.

HOW DO I QUALIFY FOR A LOAN?

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Qualifying for a home loan may not be as easy as it used to be, but it’s nowhere near impossible. While different loan types (conventional, government-insured) have other qualifications, any borrower must meet some basic qualifying factors to be considered for a home loan (unless you plan to apply as a veteran).

WHAT'S THE DIFFERENCE BETWEEN A PRE-APPROVAL AND A PRE-QUALIFICATION?

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A mortgage pre-qualification is essentially just a conversation between you and your lender about your financials, assets and down payment. A pre-approval, on the other hand, requires the lender to verify your financials by pulling your credit score, and submitting your financials in an application to the underwriting department. For this reason, a pre-approval is more accurate and carries more weight.

WHAT'S INCLUDED IN A MONTHLY MORTGAGE PAYMENT?

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Think of your mortgage payment as a single building composed of several floors, with each floor being devoted to a different department. When you pay the monthly total of your loan, it’s like sending employees to staff those separate departments, which include mortgage insurance, principal/interest, taxes and insurance. Some departments receive more employees than others, which means 10 percent of your mortgage payment could be devoted towards interest while 15 percent is funneled to principal.

WHAT'S THE DIFFERENCE BETWEEN A PRE-APPROVAL AND PRE-QUALIFICATION?

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A mortgage pre-qualification is essentially just a conversation between you and your lender about your financials, assets and down payment. A pre-approval, on the other hand, requires the lender to verify your financials by pulling your credit score, and submitting your financials in an application to the underwriting department. For this reason, a pre-approval is more accurate and carries more weight.

WHAT WILL MY CLOSING COST BE?

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There is no set number for closing costs. Borrowers can typically expect to pay 2-5% of the loan amount due at the closing table. Closing costs will vary from lender to lender but usually include five mortgage fees you should be aware of, like:

  • Appraisal Fee

  • Loan-Related Fees

    • Assumption Fee

    • Attorney Fees

    • Origination Fees

    • Discount Fees/Points

    • Prepaid Interest

    • Broker Fee

  • Mortgage Insurance Fees

  • Taxes, Annual Fees & Insurance

  • Title Fees

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