Chad has spent the better part of his career helping people with their home financing needs. He especially loves helping people realize the dream of home ownership. Helping someone save money by reducing their interest rate, taking cash out to update their forever home, or using that cash to help their child realize the dream of a college degree; it all means a great deal to Chad and he doesn’t take it lightly. Home financing is one, of if not the largest transaction, a person will make in their lifetime and that fact is not lost on Chad. He realizes how important this is to the people he helps and it’s just as important to him that he finds the right fit for each client. As a native of the Northwest, with a family of his own, he wants to strengthen his community and he feels he can help do this every day through helping you secure the very best home loan for you.
When Chad is not in the office helping finance dreams, he is spending time with his wife of 15 years and their two boys. He enjoys coaching soccer, little league, camping, and exploring the Northwest.
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-qualified for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!