Montgomery, Prattville, Millbrook, Wetumpka, Fort Deposit, Shorter Alabama Homes and Real Estate

Helpful Info > Mortgage Information

This page offers current and updated mortgage information from several mortgage brokers and messages from national media.

click on º Ron's Real Estate & Weekly Mortgage Update Report

Mortgage Terminology TO Know - Click Here!

*** Use this "LINK" for your mortgage tool to "Search rates, Lenders,
use Mortgage Calculators, Mortgage Library, and Pre-qualify for a loan is you so desire.
click on: Mortgage-101

***- "Home buyer Education by Freddie Mac" Freddie Mac is a
publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to home buyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
***- What You Need to Know about FHA Mortgages- Consumer Information
The most important thing to understand is that the loan approval process is 100% Dependant on your documentation. To insure a smooth transaction, it is imperative that you have all of your documents gathered prior to you initial loan application.
***- Mortgage Bankers Association of America Consumer Information
The Mortgage Bankers Association of America is the preeminent association representing
the real estate finance industry.
Their consumer information site contains several tools and guides to aid in purchasing
or refinancing a home.
***- A Consumers guide to mortgages; 1. Lock-ins, 2. Settlement Costs, 3. Adjustable Rate Mortgages (ARMs), 4. Foreclosure Resources, 5. Your Right to Fair Lending, 6. Interest Only/Option ARMs Payments--are they for?, 7. Looking for Best Mortgage /Negotiating, 8. Mortgage Calculator,
9. Your Home o the Loan Line "Risky Business, 10. Knowing more about Home Equity Lines of Credit.

***- Federal Reserve Board Consumer Information, The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages. The section covers topics such as finding the best mortgage and understanding ARMs.
***- Understanding a "Good Faith Estimate" and understanding the
"HUD Form." click on º "Good Faith Estimate"
***-   What is "Private Mortgage Insurance" (PMI) and how
to get rid of it?
click on º "Private Mortgage Insurance" to find out how!

***- Mortgage Rates & Information on/about the
Alabama Housing Finance Authority Mortgage program.
click on º ABOUT AHFA
click on º Alabama Housing Finance Authority  and
click on º AHFA'S "First Step"
click on º Frequently asked questions on FIRST STEP
click on º AHFA'S "Step Up" program
click on º Frenquently asked questions on STEP UP
click on º AHFA "Mortgage Credit Certificates"
click on º AHFA "Habitat For Humanity Loan Purchase Program"
click on º For "Español"
click on º SITE MAP to select directly to your area of interest!
           The above link is a must read "For First Time Home Buyers"and/or "Buyers needing Down Payment Assistance."

How Much Mortgage Can You Afford? A guide sheet explaining
obtaining a mortgage and a template showing
Loan to Value Ratios.
***- click on How much mortgage can you obtain with your current Income & Debt?

***- click on º PDF article on "Shopping For A Mortgage_Do Your Homework First!
***- Mortgage Glossary: click on Mortgage Glossary
***- click on º "What should your mortgage lender tell you"
*** Your Right to File Complaints -- If you have a problem with your LENDER, and you are unable to resolve your differences with the mortgage company, settlement agent, broker, etc. Click on this to find out exactly what your recourse is.
*** Mortgage calculators will help you find how much house you can afford, and will calculate your monthly mortgage payments based on loan amounts, interest rates and loan terms. Make quick Mortgage Calculations to "ESTIMATE" mortgage costs and produce other valuable information about your loan. Click Here.

            Buyers and Sellers should have much information to help them begin the process, and Ron also offers “Search More Listings” within the Montgomery MLS system areas. This service is free and it renders 24/7 availability. To search area listings click here.
         When Buyers are ready to begin the next phase, there are two professionals every Buyer needs to identify with, and that’s a Realtor^® and a Mortgage originator. Ron works earnestly constructing a weekly mortgage update and post it on RonSellsAlabama.Com under ‘Mortgages’ and sends it out to over 400 persons like yourself. This weekly update helps people to know what the market is doing and and what they need to do to be Pre-Qualify and Pre-Approved.
        Ron recommends being processed through a local mortgage originator rather than being qualified by long distance or over the internet. Having a loan processing person locally to ask and respond to you in person has its benefits. Generally, computer generated loan qualifying is mechanical and if there are questions, its best having a person to talk with and discuss the process, and the use of certain forms.
      And you need a real estate Agent/Broker who you feel comfortable with and one that'll be there when you have a question or need information on properties. This is a main reason Ron is connected to the internet even while he is conducting business in the filed. Many times customers and clients have emailed or called Ron for a property they came across and would like to have this information quickly. Ron has this capability and service, knowledge of the real estate market, knowledge of the financing process, listening skills, trust-able, has an immediate available list of proven professionals to assist in the purchasing process, and commits and works for his clients!
       In my professional life, being a Builder and Realtor^®/Broker, it’s proven to be important having a solid and reliable "Professional team" which will render reliable service and handled with care, and be consistent, steadfast, and offer trustworthy attention, and those are the type of professionals Ron has within his business circle. They must have a current City and/or State license and obtain workman compensation and necessary insurances, and proven in their related field of business. However, it is up to the Buyer client to speak with and approve each professional to work for them.

Where Every Buyer Needs To Start
     Let’s talk about reality, 90% of the persons currently looking or beginning to think about purchasing real estate, begins on the internet.
      This is the main reason Ron has structured www.RonSellsAlabama.Com with the materials and links it now provides. Both Buyers and Sellers will find useful information for their particular needs and the use and connection to our MLS system to conduct their private searches as they need.
      All I ask is for Buyers to contact me (RON) when they are ready to find a mortgage that meets their needs and begin searching for their new home.
      We also have information for Buyers and Sellers on the forms and practices which mortgage originators use, this helps to understand each form and their use prior to the time they will be signing or making a decision.
        I will say it again, having a local mortgage originator to work with in person is a plus, because they are near and will render answers and explanations in person rather than by long distance or with word scrip over the internet.

Ron works hard to help every customer and client be comfortable while going through the "Search and Purchasing" process and helps them with obtaining their goals. Ron also provides a list of proven professionals to assist each Buyer & Seller with, inspections, treatments, clearing of the title, and closing the transaction to name a few.

       Ron's clients must be and are comfortable and assured their business will be handled expeditiously, correctly, and their real estate and mortgage transaction will be brought to a satisfactory closing. Each professional Ron uses are committed to serve and serve with integrity and truthfulness. No "Short Cuts" are allowed!

          Ron generally offers three are more professionals in each field for his clients to call and make their decision on who they feel comfortable, and the same with their business knowledge and structure. This process has proven over and over again to take much STRESS away and off Ron’s Clients. Thus, they are relaxed with looking and making important real estate buying decisions. Ron knows when his clients are relaxed and feels they are in good hands, they will make buying decisions that’s best for their particular financial, likeness, and family needs.
           If you would like to start with contacting four (4) mortgage originators to find out which one will render the best mortgage package and service, start with the following;Lori Harris, Anchor Mortgage, Phone: 334.285.5353,
email: º LoriH@AnchorMort.Com;
Web: º http://www.AnchorMort.Com.

Kimberly Lumpkin, Synovus Mortgage Corporation,
Phone: 334.279.7800,
email: º KimberyLumpkin@SynovusMortgage.Com;
Web: º http://www.Synovus.Com

Brenda Johnson, New South Federal Savings Bank,
Phone: 334.277.3355 email:º BJohnson@NewSouthFederal.Com,
Web: º http://www.newsouthfederal.com/index.php.

Diana Strickland, Max Credit Union,
Phone: 334.215.4862 email: º DStrickland@MyMax.Com,
Web: http://www.MyMax.Com,

Compass Bank/Regions, Toll Free: 1.800.266.7277
www.CompassBank.Com
www.CompassBank.Com/Personal/Loans/Mortgages/Rates.cfm?

Regions Mortgage, Toll Free: 1.800.986.2462
http://www.regions.com/mortgage.rf
       Need more mortgage/finance information, e-mail Ron letting him know what your mortgage/finance needs/questions are @; Ron@RonSellsAlabama.Com OR "Complete the e-mail form at the bottom of this page and forward to Ron."
      We will response as soon as possible. We appreciate your questions!

*** Directional map to Saunders Realty Residential Office: click here.
*** Directional map to Saunders Realty Commercial Office: click here.
*** What happens after you complete the purchase process?
       This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier. Click on: º United States Postal Service Official Movers Guide,