Specialized in Wide Variety of Loan Programs!
We have mortgage experts that are trained and experienced to educate you on all of our mortgage product options, the process and every detail involved.
At Lifestone Mortgage, our experience, integrity, and unsurpassed service will guide you through the important process and decisions related to home financing.
Whether you are a First Time Homebuyer, Trade-up Candidate, or Refinancing to save on your monthly payment or to finance education or for investment, we have a wide range of mortgage programs at competitive rates available to meet your specific need.
Are you looking for a new home?
Lets search for a home, please try our home search tool to see listing in your area.
Vito was amazing to work with. Any questions or concerns I had he was always available to help. We had a very smooth and easy process. I will definitely use him again!!!
— Connie & Jerry Lambert
What is the minimum income I can earn and still qualify for a mortgage?
How do I determine how much I am qualified for?
However, It is safer to look at the individual budget and figure out how much money there is to spare and what the monthly payments on a new house will be.
When figuring out what kind of mortgage payment one can afford, other factors such as:
· Taxes maintenance
· And other expenses should be factored.
Usually, lenders want borrowers having monthly payments exceeding more than 28% to 44% of the borrower’s monthly income. For those who have excellent credit, the lender may allow the payments to exceed 44%.
How much cash will I need to purchase a home?
· Earnest Money: The deposit that is supplied when you make an offer on the house
· Down Payment: A percentage of the cost of the home that is due at settlement
· Closing Costs: Costs associated with processing paperwork to purchase or refinance a house
Why did my Realtor refer me to you?
A good realtor will form relationships with trusted individuals who have proven themselves over time.
Is 20% of the price of a new home required as a down payment?
The standard was 20 percent, but lenders today recognize that 20 percent of the sales price is a tremendous amount of cash for most first-time buyers. Today first-time buyers commonly put down 3.5, 5 or 10 percent of the sales price.
Note, for down payments of less than 20%, mortgage insurance (MI) will be required and associated costs will apply.