Giving New Hope

Stephanie Pike had a simple goal. She wanted to buy a house and start her life as an independent woman. She made an offer on a house; all she needed was to close on the loan. As her closing date approached, Stephanie began to grow concerned about the size of her mortgage payment. Each phone call to her loan officer left Stephanie more frustrated, as if she was getting the run around.

Stephanie had lots of questions that never seemed to get answered, and the proposed mortgage package was going to strain her budget past the breaking point. She decided it was time to get a second opinion so she called me and explained her situation.

I didn?t think that Stephanie was asking the impossible ? I knew we could find a solution that would help her buy the home, without going broke in the process.

?Ken was great. He was able to find a mortgage that lowered the price by $200 a month,? Stephanie said.

There was more to this challenge than just lowering Stephanie?s monthly payment. Even though the loan needed to close quickly, I thought it was important to take a look at the big picture for this loan. By pulling Stephanie?s credit reports, I found a couple of places where Stephanie could brush up her credit score. This opened even more possibilities for her loan.

Even Stephanie?s real estate agent, Edyi Nicola, was a little surprised by the process.

?Ken came on board after the client was working with a lender I recommended. He helped her get a safe, secure, comfortable home to live in and he helped her save $2,000 in closing costs. It was a real blessing,? Edyi said.

I have three areas of concern for each of my mortgage clients: