Financing Options
Tailored Mortgage Solutions
Finding the right home is your primary goal, but securing it with favorable mortgage terms is essential. At The Alpine Group, we have extensive experience working with numerous mortgage brokers and lenders in the Portland area. We’ll connect you with the best options that suit your financial needs.
Mortgages for Working Families
Even with a steady income, mortgage options can vary. We understand that each lender has unique requirements and procedures, which may not always offer the best terms for salaried or hourly wage earners. Our team knows which lenders provide the most favorable conditions, and we’ll guide you to the right ones to ensure you get the best terms possible.
Mortgage Guidance for All Situations
Navigating the mortgage landscape can be complex, but we’re here to simplify the process. Whether you’re a working family, self-employed, or have less-than-perfect credit, The Alpine Group offers personalized guidance to find the best mortgage terms for your needs.
Just because there’s nothing special about your income stream, and you’re getting a paycheck every week, that doesn’t mean that there won’t be differences in mortgages and lenders for your needs. Every mortgage broker and most lenders tend to work within their own requirements and procedures, and these may or may not be the friendliest terms for a salaried or hourly wage earner. We know which are going to treat you right and give you the best terms, and we’ll guide you to them.
Since the mortgage and housing crisis that began in 2007, it’s become a grueling process for a business owner or self–employed person to get a mortgage. Documentation of income and expenses is much more detailed, and we’re up–to–date on all of it. We’ll steer you toward multiple sources for great mortgages for the self–employed.
All types of lenders have become tougher in our new financial environment, and it’s easy to get a ding or two on your credit these days. It doesn’t even take a mistake or late payment, as credit scores are reduced for the amount and ratio of debt, as well as types of debt. Millions of people pay their bills on time and still don’t have those high end credit scores. We can recommend several lenders ready to provide good mortgages for less than high end credit scores, and we’ll tell you who they are.
Though most residential home buyers are buying a home they intend to occupy for a number of years, on average around the country at least eight, this isn’t always the case. Also, investors may be looking at a shorter ownership time frame. ARMs, Adjustable Rate Mortgages, are appropriate if the plan is to own a home seven or fewer years, particularly five or fewer. Because the lender is tying up their money for a shorter defined time period, they loan at lower interest rates. ARMs can result in hundreds of dollars a month in lower payments in some cases. They can also allow a buyer to qualify for a larger home. However, this isn’t generally a great practice, as once the ARMs fixed rate interest period is over, rates can escalate more than expected.
Especially after the mortgage and housing problems that began in 2007, lenders and their underwriters are scrutinizing financial, income and expense information much more closely than ever before. Be prepared to dig out a lot of documentation, and it’s best to be forthcoming with any financial information that impacts your ability to pay the mortgage payment. Even if it’s not asked for early in the process, be prepared for questions and requests for documents throughout the process. Also, it’s highly recommended that you not add any credit card or other debt between the purchase contract and the closing. Just before closing, most lenders will do another credit check and a check for any liens or encumbrances.
Here are a number of fees associated with getting a mortgage, and the total of origination and other fees is usually the highest closing cost aggregate item in the deal. Never hesitate to ask about all fees, why they’re charged and why they’re a certain amount and how they’re calculated. It’s your money, and you’re the customer.
Find Your Dream Home
Discover the perfect property that meets all your needs and desires. At The Alpine Group, we are dedicated to helping you find a home that not only fits your lifestyle but also brings you joy and satisfaction. Explore our extensive listings and take the first step towards making your dream a reality.