Home Loans made simple
First time homebuyer? You’ve come to the right place!
Looking at real estate fliers and touring homes is easy. Applying for a home loan and figuring out how to pay for a house – well, that can get complicated. Let us guide you through understanding a home loan.
#1 - A home loan is called a mortgage.
Buying a house is one of the largest investments most people make. Home loan programs are available to those who need to borrow the money and buy a house (which is almost everyone.) The money borrowed and the payment due each month is called a mortgage.
#2 - Home loan options are also called programs.You have choices when it comes to a home loan. Some buyers have more choices than others depending on how much money you make, where the home is located, how much money you have to spend right away and your credit score. There are many options when it comes to home loans and several programs available. Some of them include:
- Conventional loans (also known as regular loans)
- FHA loans
- VA loans
- USDA loans
The best step to determine the right home loan program for you is to call a local mortgage lender you trust. The lender can explain the difference in each program and help you decide which one is best for you.
#3 - Learn the numbers.There are many “numbers” involved in a home loan process. When you apply for a loan, you will have a unique set of figures for you. Here are some numbers that will be figured up into your home loan:
- Purchase price of the home
What you’re offering to pay for the house you want to buy.
- Down payment
The money you have available to buy the house when you apply for your loan.
- Interest rate
Usually a percentage and based off of your credit score. This percentage figures up how much money in interest you will pay during the life of your loan.
- The term of your loan
Typical terms are 15, 20 or 30 years – meaning how long it will take to pay back the loan.
- Monthly payment amount
This is what your mortgage bill will show each month.
#4- Home loans aren’t free – but it doesn’t cost to apply.
It’s FREE to pre-qualify and apply for a home loan. But there are some fees involved when you borrow money to buy a house. Closing costs will apply before your loan is approved. This pays for the processing of the home loan. Also, you will be charged interest on your loan – this works just like any other loan from the bank – interest for borrowing the money will be part of your mortgage payment.
#5- There are tax benefits to home loans.Although home loans do not come free, the government lets you write-off what you pay in interest on your Federal income tax return. Also, if you pay mortgage insurance (MI), you may also write-off this amount.
How do I buy a house?
These are the basics of understanding home loans. If you want to buy a house but haven’t found one yet, go ahead and pre-apply for a home loan now.
If you’ve already found a house and made an offer, we can still help you. Fill out our online application form for a home loan. Our team will be in touch ASAP to collect information about the house you want to buy and get the ball rolling on your financing.
Questions? Call us at 616-298-2743.
You have truly been a pleasure to work with! Everything from the start of the loan to the finishing touches was done with quick and easy access. All emails and phone calls took less than 24hrs to return. I will continue to refer anyone and everyone I know looking to buy your way! It's extremely convent when loans go smoothly and closing happens on time! Thank you for your hard work and your dedication towards our loan. It's all very much appreciated from us! Thank you!!
Adrian and his team went above and beyond with our less than easy breezy home purchase. So thankful to have gone with such a helpful mortgage company to see ya through this process! 5 stars!
After being disappointed by multiple lenders, we were beginning to lose hope. Just when we were about to throw in the towel, I stumbled on Adrian while scrolling through Facebook. Adrian and his team went out of their way to make sure we got the best available loan. They were helpful, precise, and informative. They were patient and promptly responded to any questions we might have. Buying a home is stressful enough as it is, do yourself a favor and choose someone who is knowledgeable and always looking out for your best interest. We can’t thank you enough for all of your hard work and dedication in helping us secure our new home!
As a Realtor my lender partners are a vital part of every transaction. Adrian and his team go above and beyond with every transaction. When I represent a buyer I often get emails from the sellers agent telling me how on top of it Adrian and his team are with keeping them updated. They treat my clients with the upmost respect and walk them through the process step by step!
"Adrian and his team were on top of every aspect of the loan process. We were juggling two homes to sell, and purchasing our new home with plans to completely remodel it. Crazy, I know! Adrian helped us to review the pros and cons for different financing options, and got us to the closing exactly as expected. His team responded to emails, calls, and questions promptly and efficiently! I would highly recommend Adrain for all loan needs! And we will use him for all of our future needs as well.
I always love working with Adrian and his team! I have been working with Adrian since my first days in real estate and have used him time and time again. he has never failed me, and always helps explain AnYTHING that's tricky. He goes out of his way to help all his clients, no matter what! I enjoyed working with him on my personal home lain. I would continue to recommend Adrian time after time!
Adrian & his team walked with us every step of the way!! They kept us very informed, which was very important to us! We had some hiccups (no fault of theres)...but they hung with us ...and we closed this past Friday! 🎉. Highest recommendation!
Adrian did a fantastic job helping us through the loan process, up until we met him..the VA process was a joke..we were very discouraged..he came to the rescue and was able to sort thru everyone elses messes and deliver us to closing..Thanks Adrian!!
Adrian has been wonderful to work with since day one! He helped us when we purchased our first home and again when we refinanced our mortgage. I have sent him countless emails on nights and weekends, fully expecting a response the next business day. He always gets back to me within an hour. I have even emailed him months after closing with questions and he is always willing to help in whatever way possible.
Adrian and his staff went beyond my expectations. Every step of the process was handled with professionalism and on a personally level as it pertained to my refinancing of my home. They took all my concerns and questions and answered them all in a timely manner. There were a few set backs, however, I was very comfortable with how they were all handled. I was always kept in the loop as what step of the process the loan was going through and what to expect next. I had several question throughout the whole process and never once did I feel like I was bothering Adrian and or his staff, he always said call anytime you have a question. I was very satisfied with the end result. Adrian and his staff rock and it was a blessing working with them.
Adrian was an amazing Mortgage agent. He aggressively looked for options that reduced our costs and explained each option and program throughly. I was particularly impressed with the regular and consistent updates Adrian did via email. When I called him he answered or person who was well informed and helpful. I'll 100% return to Adrian for future financing needs.
Adrian went above and beyond my expectations as a lender and as a person who cared about my needs and wants. He made sure I knew what was going on at all times and made sure I was connected with a great realtor. Thank you Adrian!!
Adrian gave me the steps I needed toward fixing our sketchy financials in order to make preapproval and I look forward to working with him when we are ready to buy!
Adrian was amazing to work with. I was a first time home buyer & he was great every step of the way. He took the time to explain things to me, answer every question I had and made sure I understood what was going on. Adrians communication was wonderful, always called me back in a quick manner, even after office hours. I appreciate everything Adrian & his team did for me & I would highly recommend Adrian!
Adrian helped me aquire a loan and helped me close on the house once the loan was secured, and his service was fantastic. As a first time home buyer I was very overwhelmed with everything that comes along with that. Both my pre-approval and closing of the house were made seamless due to his knowledge of the market, and anticipation of my needs and capabilities as someone so new to it. He was very good at explaining to me everything that I needed to be able to provide in order to move forward, and that helped avoid a lot of potential pitfalls as result.If I ever have to do anything in real estate again he will be my guy, I will be recommending his service to friends in the future. If I have questions or come across anything out of the ordinary he is always quick to respond and very helpful with otherwise hard to answer questions.
Adrian was extremely helpful in a complicated home purchase for our family. He was not condescending at all when discussing issues of financing and made sure that our loan went through. If I had a question, he was available well beyond business hours even with children in the background if need be. He's an honest family man and I would work with him for a loan in the future hands down!