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Expert Advice on Your Mortgage Options: An Interview with Jeremy Drobeck of AmeriFirst Home Mortgage

By Jeremy Drobeck

Tell us a little bit about your experience, company history and the services you offer.

AmeriFirst Home Mortgage is a mortgage banker that has been in business for over 30 years. AmeriFirst is large enough to offer many different mortgage options such as FHA, VA, RD, & conventional loans yet small enough to make smart decisions along the way.

Jeremy Drobeck has been with AmeriFirst for 4 of the 14 years he's been in the real estate industry. As a former real estate agent and owner of a number of rental properties; Jeremy is well versed in all aspects of the mortgage industry.

What are some of the most common misconceptions that people have about getting a mortgage for a new home?

The most common misconception people have about getting a mortgage is that banks aren't lending money. Mortgage lenders have lots of money to lend - bucket loads of it! The misconception goes back a few years. Back before 2008, getting a mortgage was a relatively easy process; answer a couple questions, sign a few documents and boom the seller hands over the keys. Today's world is much different. Buyers don't need perfect credit, but they do need a decent score. Home buyers have to have income and it must be verified. You can no longer say you make 10k a month waiting table at the local burger joint and have the lender just take your word for it. That's the kind of thing that went on pre-2008. In today's world there is lots of money to lend; buyers just have to qualify for it and that means jumping thru a whole lot more hoops.

What would you recommend as the first steps that someone who wants to buy a house should take to secure a mortgage?

Prospective home buyers considering securing a mortgage and purchase a home should first and foremost get prequalified. Sounds painful right? It's actually a very simple process and simply a matter of spending about 30 minutes on the phone with a mortgage loan officer. A good loan officer will be able to ask the necessary questions and go over the different loan option that fit the buyer's needs and goals. There is typically no cost and whether the answer is approved or denied the buyer should be able to have a plan to purchase a home in the not so distant future. Once prequalified it will be easy to know what price range to look in, how much money will be needed if any, and most importantly buyers will be able to find a quality real estate agent to help them with the search.

Can you briefly explain the main types of loans and who they are typically best suited for?

There are four primary mortgage products on the market today: Conventional, FHA, Rural Development, & VA. There are many different reason buyer chose one program over another. During the initial loan application process the loan officer will help the buyer determine which program is best. They will look at things such as credit, down payment, area the home is in, and assets just to name a few. It's simply impossible for a home buyer to sort thru all the different options without the help of a qualified professional.

Are there any things that prospective homeowners should not do when they're applying for a home loan?

During the home buying process, life is going on all around us. People thinking of buying a home may also be contemplating paying down debt, buying a vehicle, taking a vacation, switching jobs; the list goes on and on. There are certainly some of these things that could be detrimental when it comes to getting a mortgage on a home. However, what could be considered a deal killer for one buyer may not be a big deal at all for another. Before prospective homeowners do anything, they should talk is a mortgage loan officer. The loan officer can advise them based on their specific situation.

What is one of the biggest regrets you've seen people have when it comes to their mortgages?

When it comes to the mortgage side of things on a real estate transaction on of the biggest regrets people have is with the company they chose to get the mortgage thru. Most buyers don't know much at all about what's involved with getting a mortgage. They think it's best to have the "lowest rate." This misconception leads them to call around asking only "what your rate?" and go with the company that promises them the lowest rate. Then they get 2 months down the road they still haven closed for various reasons and they have to start over with a lender that can see the transaction thru to closing. It's not all about price! Being that this is most likely the biggest and most complicated purchase people will ever make it far more important to get quality service and quality advice by a knowledgeable professional. At the end of the day home buyers will be happy to have had someone in the corner.

What's the best way for people to reach you and your company?

Jeremy Drobeck
Amerifirst Home Mortgage
Mortgage Advisor
Office: (269) 324-4240 Ext. 10132
Cell: (269) 598-3975
NMLS ID: 130817

www.1stClassMortgageService.com

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Phone: (269) 324-4240 Ext. 132

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