🎉 Exciting News! Our very first blog post is live! Join us as we dive into a wealth of knowledge shared by Tim Dickinson, a seasoned mortgage loan originator at Supreme Lending, in our latest episode. Tim brings invaluable insights into the world of mortgage transactions and offers indispensable advice for first-time homebuyers.
Dive into the full post and let us know your thoughts.
The Guest(s):
Tim Dickinson is a mortgage loan originator at Supreme Lending with over 35 years of experience in originating mortgages in the Lansing area. He takes an advisory role in the mortgage transaction, helping people get into their first homes. Tim is dedicated to assisting individuals with poor credit or missed payments by providing them with steps to improve their credit and save money. He believes in effective communication and offers personalized advice to help clients purchase a home in the future.
Episode Summary:
As a mortgage loan originator, Tim shares his expertise on mortgage transactions and offers valuable advice for individuals looking to purchase their first homes. He emphasizes the importance of making timely payments and provides tips on building credit. Tim also explains the difference between pre-qualification and pre-approval, highlighting the significance of getting pre-approved in today's competitive housing market. He discusses the factors that affect the length of a pre-approval and provides insights on down payments, closing costs, and the proper use of gift money. Tim concludes by discussing the importance of avoiding large purchases before closing and considering refinancing options in the future.
Key Takeaways:
Tim Dickinson takes an advisory role in mortgage transactions, helping individuals get into their first homes by providing guidance on improving credit and saving money.
Making timely payments and using a small credit card responsibly can help build credit.
Pre-qualification is based on preliminary information, while pre-approval involves a thorough review of financial documents and provides a stronger position in a competitive housing market.
The length of a pre-approval depends on the credit report and can be extended if there are no significant changes.
Down payment is different from closing costs, and it's important to have a proper paper trail for any funds used in the home purchase.
Large purchases should be avoided between approval and closing, and refinancing options should be considered based on the potential benefits and costs.
📞 Ready to take the next step in your homebuying journey? I'm here to help! Reach out to me directly, and I'll connect you with Tim Dickinson for personalized mortgage guidance tailored to your needs.
Don't hesitate to get in touch:
📲 517-243-1721
Let's turn your homeownership dreams into reality together!
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