Many of us are born with names that prompt some unique pronunciations. For instance, my surname is ‘Toenjes,’ and it rarely fails that new acquaintances struggle to pronounce it correctly—often after multiple meetings.
When I introduce myself or the Toenjes Home Loan Team, I often explain that our name is pronounced as ‘Ten Yes.’ This unique pronunciation is not just a quirk, but a key to understanding the Ten Yes’ of Securing a Home Loan. It’s a concept that can help you, our clients, associates, and friends, navigate the home loan process with confidence.
Embark on your homebuying journey with a sense of accomplishment by securing a pre-approval for a mortgage. This crucial step not only demonstrates your seriousness to sellers but also affirms your financial capability, giving you a competitive edge in bustling markets.
Enlist the support of a real estate agent, mortgage banker/broker, and other professionals. Their expertise and guidance are not just valuable, they are your trusted companions in navigating the complex homebuying process. With them by your side, you can proceed with confidence and peace of mind, knowing you’re in capable hands.
Review your credit report and score before starting your home search. An early review will help identify any issues that need addressing and potentially assist with obtaining a lower mortgage rate.
Chart a financial course by creating a comprehensive budget that includes provisions for a down payment, closing costs, and moving expenses. A robust savings plan is your anchor, ensuring you’re financially equipped to embrace homeownership.
Maintaining your current employment and income is more than just a financial strategy. It’s a way to ensure stable financial ground, reassuring lenders and instilling a sense of security and confidence in your mortgage application. It’s a simple yet effective way to strengthen your homebuying journey.
Keep organized records of all your financial activities, including deposits, withdrawals, and large purchases. This documentation is crucial for lenders to verify your financial stability during the mortgage approval process.
Don’t hesitate to ask questions throughout the homebuying process. Understanding each step and clarifying doubts ensures you make informed decisions and feel confident.
(W-2’s, paystubs, bank statements, homeowner’s insurance). Organize essential financial documents in a secure, accessible place. Lenders need these for verification, and having them ready speeds up the approval process.
Avoid making major purchases or opening new credit accounts. Lenders look for consistency, and sudden changes in your credit activity can affect your mortgage eligibility.
Once you’ve completed all the hard work, settle in and enjoy your new space. Remember, this journey was guided by the ‘Ten Yes’ of Securing a Home Loan. Celebrate this significant milestone and make your new house a home.
Do you have questions? We have answers and look forward to helping you and your family achieve your home ownership dreams.
Justin Toenjes (ten-yes) is a highly accomplished finance professional with a strong background in mortgage banking and a passion for helping individuals achieve their financial goals.
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LO Licensing: Justin Toenjes, AZ LO-0912116 CA-DFPI167048 CO-100032832 FL-LO118111 ID-MLO-2080167048 NV-68467 TX NMLS-167048
Peoples Mortgage – 2055 E Centennial Cir, Tempe, AZ. 85284
LO Licensing: Kathi Alosi, AZ LO-0914249 NMLS-259189
Peoples Mortgage – 11201 N Tatum Blvd, Suite 140, Phoenix, AZ 85028
Company Licensing: Peoples Mortgage Company, A DBA of Moria Development, Inc. AZ 0904164 California – RMLA4130661, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act : www.peoplesmortgage.com/privacy-policy CO, Regulated by the Division of Real Estate FL-MLD1223 ID – MBL-2080006274 NV-4200 TX peoplesmortgage.com/license NMLS-6274
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