Selecting the right mortgage plan is a significant decision, but Michelle Jacinto at Direct Mortgage Loans is dedicated to guiding you through each step, ensuring the best fit for your financial and homeownership goals in Indiana.

• Evaluate Financial Profile: Michelle begins with a comprehensive assessment of your credit score, income, and debt-to-income ratio. This financial evaluation helps determine which mortgage products best suit your unique needs.
• Define Homeownership Goals: Whether you’re a first-time homebuyer, interested in refinancing, or purchasing an investment property, Michelle customizes her guidance to align with your specific goals. She can help you decide if a fixed-rate mortgage for payment stability or an adjustable-rate mortgage (ARM) for lower initial payments is more suitable.
• Compare Mortgage Options: Direct Mortgage Loans provides a variety of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. Michelle helps you understand the differences in loan terms, down payments, and eligibility to make the right choice.
• Understand Loan Terms: Michelle will explain the benefits of different loan terms, such as shorter terms with higher payments but less interest over time, versus longer terms with lower monthly payments but more interest.
• Additional Costs and Preparation: Michelle ensures you understand other costs involved, such as closing costs, property taxes, homeowner’s insurance, and private mortgage insurance (PMI) if required, to give you a complete financial picture.
• Personalized Support: With her tailored approach, Michelle provides guidance throughout the mortgage selection process, empowering you to make confident and informed choices.

To explore the mortgage plan that’s right for you, contact Michelle Jacinto at Direct Mortgage Loans by calling 219-501-1011

Improving your credit score before applying for a mortgage can significantly impact your loan options and interest rates. Michelle Jacinto at Direct Mortgage Loans offers these practical steps to help boost your score for a favorable mortgage experience:

1. Review Your Credit Report
   Start by obtaining your credit report from the major bureaus to identify any errors. Correcting mistakes, such as outdated balances or incorrect account information, can improve your score.
2. Dispute Inaccuracies
   Errors like incorrect account statuses or outdated balances can hurt your score. Michelle recommends addressing these promptly with the credit bureaus, as resolving inaccuracies can result in a quick boost to your score.
3. Maintain Low Credit Utilization
   Aim to keep your credit utilization ratio below 30% of your available credit. Paying down credit card balances can have a positive effect on your score and show responsible credit management.
4. Avoid New Credit Applications
   Avoid opening new credit accounts in the months leading up to your mortgage application. Hard inquiries from new credit applications can lower your score temporarily, so it’s best to keep new applications to a minimum.
5. Make Timely Payments
   Payment history is a crucial factor in your credit score. Setting up automatic payments can help ensure all bills are paid on time, which strengthens your payment history over time.
6. Reduce Outstanding Debt
   Reducing existing debts, especially high-interest debt, can improve your debt-to-income ratio and make you more attractive to lenders.
7. Monitor Credit Regularly
   Regular monitoring helps you stay informed and proactive about any changes, allowing you to address potential issues promptly as you prepare for your mortgage application.

By taking these steps, you can enhance your credit profile and improve your chances of securing favorable mortgage terms. For personalized credit improvement tips, reach out to Michelle Jacinto at Direct Mortgage Loans by calling 219-501-1011

Yes, Michelle Jacinto at Direct Mortgage Loans can help you with both refinancing your current mortgage and purchasing a new home in Indiana. Her expertise in both processes ensures you receive the guidance needed to make informed decisions.

Home Purchase with Michelle Jacinto at Direct Mortgage Loans

• Pre-Qualification and Pre-Approval: Michelle can assist you with securing pre-qualification or pre-approval, helping establish a clear understanding of your budget and giving you an advantage when making offers on a property.
• Diverse Loan Options: Michelle offers various loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. Her goal is to identify the loan that best meets your needs and financial objectives.
• Competitive Rates: Michelle is committed to finding competitive interest rates that save you money on monthly payments and over the loan’s life.
• Guidance Through Each Step: From the initial application through to closing, Michelle provides consistent support, ensuring you understand each phase of the home-buying process.

Refinancing with Michelle Jacinto at Direct Mortgage Loans

• Lower Monthly Payments: If you’re interested in lowering your monthly mortgage payments, Michelle can assess current rates to see if refinancing could benefit you financially.
• Access Home Equity: With cash-out refinancing, you can tap into your home’s equity to finance major expenses like home improvements, consolidating debt, or educational costs.
• Adjust Loan Terms: Michelle can also help you explore refinancing options to either shorten or extend your loan term, depending on your financial goals.

For help with either home purchases or refinancing, contact Michelle Jacinto at Direct Mortgage Loans at 219-501-1011

Getting your mortgage application started with Michelle Jacinto at Direct Mortgage Loans requires several essential documents. Having these documents prepared can streamline the process and expedite approval:

General Documents for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2s from the past two years to confirm employment and income history.
  • Pay Stubs: Include recent pay stubs covering at least 30 days.
  • Tax Returns: Self-employed applicants should provide federal tax returns from the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid driver’s license or passport is required to verify identity.
  • Social Security Number: Needed to pull your credit report.
• Credit and Debt Information:
  • Credit Report: Michelle will review your credit report to assess your financial profile and eligibility.
  • Documentation of Existing Debts: Include information on outstanding loans, credit card balances, and any other debts.
• Proof of Assets:
  • Bank Statements: Submit statements from the past two months to confirm your funds for the down payment and closing costs.
  • Retirement or Investment Statements: Include statements for accounts you might use for financial reserves.
• Proof of Employment:
  • Employment Verification: Direct Mortgage Loans may verify your employment directly. Self-employed applicants may need to provide additional documents like profit and loss statements or business licenses.

Loan Program-Specific Documents

Different loans may have unique documentation requirements. Examples include:

• Conventional Loans: Typically require robust income and asset documentation.
• FHA Loans: May have additional eligibility documentation for FHA insurance.
• VA Loans: Veterans and active military members will need a Certificate of Eligibility (COE).
• USDA Loans: USDA-backed loans may require proof that the property is within eligible areas.

Preparing these documents ahead of time can streamline your application process. For personalized support, reach out to Michelle Jacinto at Direct Mortgage Loans at 219-501-1011