🎉 Georgia Mortgage Specialist | Eric Glick

Selecting the right mortgage plan can be challenging, but Eric Glick at New American Funding is here to guide you through the process to ensure you choose the best mortgage plan tailored to your financial needs and homeownership goals in Georgia.

• Evaluate Your Financial Situation: Eric will begin by evaluating your financial status, including your credit score, income, savings, and debt-to-income ratio. This assessment helps determine the types of loans you qualify for and the most favorable terms available based on your situation.
• Identify Your Homeownership Goals: Whether you’re a first-time buyer, looking to refinance, or investing in real estate, Eric will help you choose between fixed-rate mortgages, which provide stability, or adjustable-rate mortgages (ARMs), which offer lower initial payments for shorter-term goals.
• Compare Loan Products: New American Funding provides a variety of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. Jumbo loans are ideal for high-value properties, while FHA loans are suited for buyers with smaller down payments. Eric will help you compare these products to ensure you select the best one for your financial goals.
• Select the Right Loan Term: Eric will help you decide between a 15-year or 30-year mortgage. A 15-year mortgage offers lower interest rates and helps pay off your loan faster, while a 30-year mortgage provides lower monthly payments but increases the total interest paid over time.
• Account for Additional Costs: Beyond the mortgage payment, other expenses like property taxes, homeowner’s insurance, and potentially private mortgage insurance (PMI) may affect your total cost. Eric will help you factor these additional costs into your decision to make sure you’re financially prepared.

For expert advice on selecting the best mortgage plan for your needs in Georgia, contact Eric Glick at (912) 308-5931.

Improving your credit score is an important step toward securing better mortgage terms. Eric Glick at New American Funding can guide you through the process of enhancing your credit score before applying for a mortgage in Georgia.

1. Review Your Credit Report
   Start by obtaining and reviewing your credit report from the three major credit bureaus—Equifax, Experian, and TransUnion. Eric will help you identify any inaccuracies that may be affecting your score and guide you through disputing any errors.
2. Dispute Credit Report Errors
   If you find errors on your credit report, disputing them is essential. Eric will assist you with the dispute process to ensure your credit report accurately reflects your financial situation, which can lead to a higher score.
3. Pay Down Outstanding Debt
   Reducing your outstanding debt is one of the most effective ways to boost your credit score. Lenders pay close attention to your credit utilization ratio—the amount of credit you’re using compared to your available credit. Keeping your utilization below 30% can positively impact your score. Eric can help you create a plan to pay down your debt strategically.
4. Avoid New Credit Applications
   Applying for new credit before applying for a mortgage can negatively affect your score. Each inquiry slightly reduces your score, and new credit increases your debt-to-income ratio. Eric recommends avoiding any new credit applications in the months leading up to your mortgage application.
5. Make Timely Payments
   Your payment history is a key factor in determining your credit score. Ensure that all your bills, including credit cards, loans, and utilities, are paid on time. Eric can help you set up reminders or automatic payments to maintain a strong payment history.
6. Resolve Negative Items on Your Credit Report
   If there are negative marks on your credit report, such as late payments or collections, resolving these issues is critical. Eric will guide you through the process of settling any outstanding debts, which can improve your credit score over time.

By following these steps, you can significantly improve your credit score and secure better mortgage terms. For personalized advice, contact Eric Glick at (912) 308-5931.

Yes, whether you’re looking to refinance or purchase a home, Eric Glick at New American Funding is here to assist you with finding the best mortgage solution for your needs.

Home Purchase with Eric Glick at New American Funding

• Pre-Qualification and Pre-Approval: Pre-qualification gives you an estimate of how much you can borrow, while pre-approval is a more in-depth review of your finances that strengthens your offer when purchasing a home. Eric will guide you through both steps to ensure you’re ready to make a competitive offer.
• Choosing the Right Loan Product: New American Funding offers a range of mortgage products, including FHA loans, VA loans, conventional loans, and jumbo loans. Eric will help you determine which loan product best fits your financial situation and long-term homeownership goals.
• Securing a Competitive Interest Rate: Interest rates have a significant impact on your monthly payments and the total cost of your loan. Eric will work to secure the most competitive rate available, ensuring your mortgage is affordable.
• Step-by-Step Guidance: From application to closing, Eric provides hands-on support, ensuring a smooth and efficient homebuying experience. He will guide you through every phase of the process to ensure you make informed decisions along the way.

Refinancing with Eric Glick at New American Funding

• Lowering Your Interest Rate: Refinancing is a great way to lower your interest rate and reduce your monthly payments. Eric will review your current loan terms and help you decide if refinancing is the right choice for you.
• Cash-Out Refinancing: If you’ve built equity in your home, cash-out refinancing allows you to borrow against your home’s value to fund major expenses, such as home renovations or debt consolidation. Eric will help you evaluate whether cash-out refinancing is a good fit for your financial goals.
• Shorten Your Loan Term: Refinancing also offers the opportunity to shorten your loan term, enabling you to pay off your mortgage faster and reduce the total interest paid. Eric will help you decide if this option aligns with your budget and long-term financial plans.

For assistance with refinancing or purchasing a home, contact Eric Glick at (912) 308-5931 to explore your mortgage options.

When applying for a mortgage with Eric Glick at New American Funding, having the required documents ready will help ensure a smooth and efficient process. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering the last 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional income sources, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to confirm your identity.
  • Social Security Number: This will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Eric will review your credit report to assess your mortgage eligibility.
  • Debt Information: You’ll need to provide details of any outstanding debts, such as credit cards, student loans, or auto loans, to calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Provide the last two months of bank statements to verify available funds for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you’re using funds from a 401(k) or investment accounts, provide statements showing the available balances.
• Proof of Employment:
  • Verification of Employment: Eric may contact your employer to verify your employment status. If you’re self-employed, additional documentation such as business licenses or profit and loss statements may be required.

Loan Program-Specific Documents

Depending on the loan type, additional documents may be required:

• Conventional Loans: Conventional loans typically require more comprehensive documentation of income and assets.
• FHA Loans: FHA loans may require additional documentation to prove eligibility, especially for borrowers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans require documentation proving that the property meets rural development guidelines.

By gathering these documents early, you’ll ensure a smooth mortgage application process with Eric Glick at New American Funding. For more information or to begin your application, contact Eric at (912) 308-5931.