The Mortgage Man Blog

Jim Pettit The Mortgage Man Akron OH

My name is Jim Pettit, better known as “The Mortgage Man,” which stems from my 30+ years helping people get the best financing for their new home purchase or mortgage refinance.

I have been in this business a long time.

In good times, and bad.

I  have basically one primary goal … home ownership with the very best financing that meets each of my client’s individual needs.

With decades of experience in executive banking and lending across the country, I have an unique perspective into all the factors that should be considered when you seek financing.

I truly understand that purchasing or refinancing a home is a major decision, and that this business is fraught with misleading information and confusing numbers.

This is the reason I strive to make certain the loan decision is made based on full understanding, with full disclosure and transparency.

Your happiness is far more valuable than a less-than-perfect mortgage. I could not sleep at night unless I knew I had done the absolute best for you, my client.

That’s why I have so many repeat clients.

And why I sleep very well.

Lets Talk

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Don’t Wait Until Tomorrow, Learn About Home Owner’s Insurance Today

TIP! You should install extra smoke alarms in your home. The safer your home is, the less premium your insurance company will charge.

Saving money, tweaking your policy, protecting your family and your other valuables “� these are all things homeowners’ need to know about before they purchase an insurance policy. In this article, you will find some great tips on how to navigate the confusing world of home insurance and come away with a solid policy.

TIP! Check the company’s history and stability before getting a home insurance policy through them. This will ensure that your insurance company will be able to pay your claim should you file one.

Check with your homeowner’s insurance before adding any major recreational structures to your property. Adding on a swimming pool, above ground or in ground or even children’s toys, like swingsets and trampolines, can significantly raise your homeowner’s insurance rates. The increased cost of these items should be considered before any major renovation.

TIP! Sometimes changes within your neighborhood can help lower your insurance premiums. Having a fire station close to your house or a fire hydrant within one hundred feet of your house, will decrease your rates.

When considering home insurance, be sure to check with different providers to see if they have discounts for having multiple policies with them. You may be entitled to quite a discount if you have multiple policies with the same provider, such as home, auto, and life insurance. If they don’t offer a discount, ask them why. If you haggle you may get results, otherwise you should consider your options.

TIP! Make sure to take photos or to take a video of everything in your home so that you can create claims more easily. If you must make a claim, an insurance company will ask for proof of what you had in the home.

To save money on your homeowners insurance, you should pay off the mortgage as soon as possible. Most companies will consider you a smaller risk when there is no debt against a property and you will take better care of the property. Look into how much faster you can pay the loan off, by refinancing at 15 years instead of 30.

TIP! Get supplemental flood insurance if you reside in an area that is prone to flooding or mudslides. Most homeowner’s policies don’t offer flood coverage, however, you can get it through the government for flood and mud slide.

When looking for a homeowners insurance policy, check with the agent who insures your vehicles. A lot of agents will give you a discount if you have more than one policy with them. It is possible to get a discount of 10% or more by insuring more than one thing with the same agent.

TIP! Smoke alarms in the home are essential. Many newer homes have smoke detectors already installed.

It’s all about making sure that you and your family are properly protected. That might not mean that you have to get a huge luxury package, but it does mean that you need some ironclad coverage. The tips you just read will help you in receiving some strong insurance protection for a good price.

WaterStone Bank adding investment services

WaterStone Bank adding investment services

Advisory services, stocks, bonds, mutual funds, annuities, life insurance and financial planning are among the offerings from WaterStone's new unit.
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Tax Increase for Some, Others See Savings in Central Okanagan

The Regional Board adopted the Five-Year Financial Plan for 2015-2019, which includes an operating budget of $59.4 million for 2015 compared to …
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The Things You Should Know About Home Mortgages

TIP! When you’re in the process of getting a home loan, pay off your debts and avoid new ones. You can qualify for more on your mortgage loan when you lave a low consumer debt balance.

Are you looking for a home mortgage? Would you like to learn how to be approved? Are denials keeping you feeling timid? It doesn’t matter what your situation is now, because if you follow the suggestions outlined below, your chances to be approved for that mortgage will increase.

TIP! You are sure to need to come up with a down payment. Some banks used to allow no down payments, but now they typically require it.

Start early in preparing yourself for a home loan application. If you seriously thinking of home ownership, then you should have your finances in order. It means building a bit of savings and raising your credit score. You will not be approved if you hold off too long.

TIP! Gather your documents before making application for a home loan. Most lenders will require basic financial documents.

Avoid borrowing your maximum amount. The amount of loan you qualify on is based solely on your gross salary. Think about your other expenses and your lifestyle and make sure you can easily afford your monthly payment.

TIP! Set your terms before you apply for a home mortgage, not only to prove that you have the capacity to pay your obligations, but also to set up a stable monthly budget. This means you should have clear limits on what your monthly payments will be so you can base it on what you’re able to afford.

Before applying for a mortgage, have a look at your credit report to make sure everything is okay. Securing a loan was not always as hard as it is now, so you need to make sure that you have a good credit rating and the least amount of debt possible to get the best home loan.

TIP! If your mortgage has a 30 year term, you should think about paying an extra payment each month. The more money you can put towards the principal the better.

Keep the lines of communication open with your lender, no matter how bad your financial situation may get. It may be tempting to just walk away, but your lenders can help you keep your home. Call your mortgage provider and see what options are available.

TIP! It is a smart idea to reduce your total debt prior to purchasing a home. You must be absolutely certain you can live up to the responsibility of making your mortgage payments.

Before you talk to a potential lender, make sure you have all your paperwork in order. You’ll need to supply pay stubs or your last income tax return, statements of all assets and debts, and information about where you bank. When you have these ready in advance and organized, then you are going to speed up the application process.

TIP! ARM is a term referring to an adjustable rate mortgage, and they readjust when their expiration date comes up. You will see the rate being adjusted to whatever the going rate is at that time.

Before applying for a loan, try to minimize your debts. Having a home mortgage requires greater responsibility and with that comes increased risk, but to lessen that, you should never add on too much debt. By having only minimal debts, you can ensure that you can afford your payments.

TIP! If you are struggling to get a mortgage through a credit union or bank, consider using a mortgage broker. A mortgage broker can usually find a lender who might be able to work with someone that fits your criteria.

Now that you have read this article, you should know much more about getting yourself approved for a mortgage. Anybody can get approved if they know what they are doing. Fortunately, you’ve just learned what you need to know.