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.

 
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Testimonials:

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

 

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FAQ:

What is the minimum income I can earn and still qualify for a mortgage?

There is no set minimum income requirement for mortgage qualification. However, before you even start looking for a house, call us to pre-qualify and find your buyer power.

How do I determine how much I am qualified for?

The old formula was about three times the gross annual income.
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
· Insurance
· 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?

The amount of cash that is necessary depends on a number of items:
· 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 realtor knows that the key to a successful home purchase means a team interaction, including a professional mortgage broker.

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?

No, there is no set amount that you must put down. Mortgage loans can now be tailored to fit each home buyer’s needs and financial resources.

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.

Why and how do interest rates change?

Many people are surprised to learn that rates change on a daily and sometimes hourly basis. Interest rates fluctuate in response to changes in the financial markets. The bond market is generally a good indicator of the general trend of interest rates.

Are mortgage payments more expensive than rent?

If you’re paying rent, you might be surprised to see how little the difference is between making home payments. In many cases, mortgage payments can be close to, or even less than your current rent payment. Besides this, owning a home is a solid, long term investment which offers substantial tax benefits… something renting just can’t compete with.