Home Loan Resources


Showing posts with label home purchase help. Show all posts

Should I Buy a Home During the Holidays?

Should I Buy a Home During the Holidays?
For many people, November and December seem like the worst time to think of buying or selling a home. In this 2-part series, we're going to discuss the positive reasons why now is the perfect time to buy or sell a home and how to make the most out of this "wonderful" time of year.
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Spotlight on the Chesterfield Office

Spotlight on the Chesterfield Office
The Midwest Equity Mortgage, LLC - Chesterfield office serves the surrounding counties as well as other areas across the state of Missouri. We are available for appointments in office, over the telephone, or in your home or place of business. Scott Carpenter, Branch Manager Scott graduated from Hannibal-LaGrange University in Hannibal Missouri in 1994, where he was a student athlete and played on the basketball team. After graduating with a BS degree in Business, he pursued a career in consumer finance, and in 1997 transitioned his career into Mortgage Banking. Scott has been a leader in the St. Louis mortgage industry for over seventeen years. He and his wife Nicole have one son: Haden, and reside in Wildwood, MO.
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How is a Credit Bureau Score Calculated?

How is a Credit Bureau Score Calculated?
Whether you are looking to open a credit card, finance a car or buy a home...you've probably noticed that your credit score is important. A credit score is essentially used to assess how likely it is that a borrower will repay a loan. The score measures the relative degree of risk that a potential person represents to a lender or investor and is based on several areas of information (however, because of several laws against discrimination - it is not based on gender, race age or zip code.) Credit Bureaus & Score Range Fair, Isaac Credit Bureau scores range between 300 to 850 points - the higher the score, the less risk associated with the borrower. Below are the three national credit data repositories that contribute to your score: Equifax - 800-685-1111 Trans Union - 800-888-4213 Experian - 800-397-3742 Each of these bureaus may offer you a slightly different credit score depending on the data within their own credit profile. Keep in mind that a score is based on all credit-related data - not just negative data.
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Spotlight on the St. Louis Office

Spotlight on the St. Louis Office
St. Louis, office, Missouri, mortgage, equity The Midwest Equity Mortgage, LLC - St Louis office serves St. Louis, St Charles, and Jefferson Counties as well as other areas across the state of Missouri. We are available for appointments in office, over the telephone, or in your home or place of business. Scott Carpenter, Branch Manager Scott graduated from Hannibal-LaGrange University in Hannibal Missouri in 1994, where he was a student athlete and played on the basketball team. After graduating with a BS degree in Business, he pursued a career in consumer finance, and in 1997 transitioned his career into Mortgage Banking. Scott has been a leader in the St. Louis mortgage industry for over seventeen years. He and his wife Nicole have one son: Haden, and reside in Wildwood, MO. Scott oversees all daily operations of our Chesterfield office. Scott has extensive mortgage banking experience and has originated thousands of loans himself. Should you have any questions about your loan application which cannot be answered by your loan officer, or should you desire to reach out to Scott about anything, he is available anytime. Scott can be contacted at 314-517-6644.
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Spotlight on the Chicago Office

Spotlight on the Chicago Office
The Midwest Equity Mortgage, LLC - Chicago office serves all of Chicagoland as well as outlying areas in Cook, Lake and Dupage counties as well as the rest of the state of Illinois. We are available for appointments in office, over the telephone, or in your home or place of business. Spotlight on Midwest Equity Mortgage, LLC's Chicago Office.

Joe Paterna, Branch Manager – Chicago

Joe received his BA from Lake Forest College and went on to achieve a MA from the University Of Massachusetts. Joe grew up in Boston where he excelled on the handball court and is a member of the South Boston Hall of Fame. He now serves as the Branch Manager of our Chicago office using his experience and knowledge to promote the Midwest Equity Mortgage, LLC vision. Joe and his wife, Carrie are happy to be back “home” in Chicago.Joe and his wife , Carrie reside in Oak Park and have one child, Angelina. Joe oversees all daily operations of our Oak Brook Office. Joe has extensive mortgage banking experience and has originated hundreds of loans himself. Should you have any questions about your loan application which cannot be answered by your loan officer, or should you desire to reach out to Joe about anything, he is available anytime. Joe can be contacted at (630) 537-1701.


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4 Topics to Discuss with Your Loan Officer

4 Topics to Discuss with Your Loan Officer

Consider these four topics to discuss with your Midwest Equity Mortgage, LLC's loan officer. 

You're ready to buy or refinance – but whether this is your first or fourth loan – you may find that working with a loan officer to be confusing and difficult. Having a clear understanding of what you want and how to communicate with your mortgage professional is critical for success. To keep everything running smoothly – make sure you discuss the following topics with your loan officer.

1 - Communication Style

Mortgage professionals will communicate with you in a variety of ways including by phone, email and text. Some are tech savvy and others prefer traditional methods. The point is to be clear about what YOU prefer. If you respond more quickly to text messages versus voicemail - tell your loan officer. Often times, there are time sensitive issues that arise during the loan process, so it will make everyone happy if your loan officer knows how to get questions answered, additional documentation etc. in a timely manner.


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