Finding the right agent for your home search is very important.

Hi ! –

Finding the right agent for your home search is very important. A great agent will not only show you properties, but will also make the whole process more successful and painless.
Here are some of the many services you can expect from me, Jaclyn Nelson as your agent:

  • Accessing every home on the market (and some that aren’t yet!)
  • Viewing properties that are inaccessible without an agent
  • Referring you to qualified professionals (insurance, mortgage, legal, etc.)
  • Successfully negotiating the best price and terms
  • Representing you through the contract, escrow and closing process

Questions to ask Loan Officer

Hi {LEAD_NAME} –

The mortgage loan process can be very confusing and stressful, so {I_WE_LC} thought {I_WE_LC} might take this opportunity to share some good questions to discuss with your lender when applying for a home loan:

 

  1. What kind of fixed-rate and adjustable mortgage loans available?
  2. How long can I “lock-in” the financing at the current interest rate and what is the lock-in policy?
  3. Is a float down lock available in case rates drop after I have locked-in?
  4. What are the other fees a lender may charge me in conjunction with my loan?
  5. Are funds for a second mortgage available?
  6. Is there a pre-payment penalty clause? This involves extra charges for paying off the loan before maturity. About 80% of all mortgage loans are paid off early.
  7. What is the “grace” period?
  8. How late can a monthly payment be made before a late charge is assessed?
  9. What will happen if a payment is missed?
  10. If you sell your house, will the new buyer (if he/she qualifies) be able to assume your mortgage at the same interest rate?
  11. Do you have to pay “points” to get your new mortgage? Usually lenders charge points for the cost of giving you a mortgage loan. A “point” is 1% of the loan.
  12. Will the lender require mortgage insurance?
  13. Is the loan serviced locally or is the servicing sold?
  14. What will the total closing costs be?

 

Questions on adjustable rate mortgages:

  1. How often will the interest rate be adjusted?
  2. Is there a maximum limit on each rate change?
  3. How often will the monthly payment be adjusted?
  4. Is there a ceiling on payment adjustments?
  5. Can the term of the loan be extended?
  6. What is the maximum rate that can be charged over the life of the loan?
  7. Is there any potential for negative amortization?
  8. What is the annual percentage rate?

Sincerely,

Jaclyn Nelson

516-757-8585

Getting your Professional Team Together

December 25, 2017

Getting your Professional Team Together

When preparing to sell your home, you may need to hire several professionals in addition to your REALTOR®. You may consider a plumber to fix a dripping bathroom shower, a home inspector to make sure there are no “issues”, and an attorney to handle all the legal matters.

By hiring the right professionals, you will improve your chances of having everything go smoothly. You’re more likely to have your home sell quickly, and at the best possible price. Hiring the wrong professionals will have, well, the opposite effect!

How do you hire the right professionals?

Qualifications. Ask what specific degree, certification or training they’ve received. Many professionals in the home industry are licensed or certified by their respective professional or trade associations.

Experience. Since you’ll be relying on the skills, advice and insights of each professional you hire, you should make sure they have experience in the fields you need.

Reputation. Ask for client testimonials or references.