Consumer Protection & Information About Brokerage Services (updated)

One thing you can count on is change. Updated Consumer Protection and Information About Brokerage Services just for good measure.

I look forward to helping you to…
Live Life to the Fullest,

Scott Culberson
Broker Associate

Interview with Michael Timmons, Mortgage Lender, Gibraltar Mortgage

Today I am joined by Michael Timmons, Mortgage Lender with Gibraltar Mortgage.  If you would like to listen to the interview you can go to my iTunes podcast at Real Estate with Scott Culberson or you can listen on my Alexa Skill Real Estate with Scott Culberson. Here is the transcript…

Scott: Buying a house can be one of the most exciting and terrifying things you can do in your life.  Finding a trusted mortgage professional is paramount to a smooth process.  They know the guidelines and know how to help you navigate the transaction from start to close in smooth manner.

Scott: How do I find a trusted Mortgage Loan officer?

Michael: A realtor is probably the best source when it comes to finding a Mortgage loan officer (MLO).  Government regulations prevent any kickbacks when it comes to a mortgage referral.  So you can be assured that any referral given by your realtor is going to be with someone that has a great track record.

Happy clients refer more clients and help grow any realtors business, so not just being able to close on your home but confident that you will be happy is extremely important to their businesses growth.  So in turn you can be assured that they have vetted the Loan officer to insure their clients are getting taken care of from both a customer service and pricing standpoint.

Scott: Do I need 20% down?

Michael: It is always nice to have 20% or more down but the vast majority of loans originated are with less than 20%.  There are many different programs ranging from Zero to 5% down.  Even though those options will have mortgage insurance it is still better financially for most people to be paying a mortgage than paying rent – aka someone else’s mortgage.

Scott: Should I get a fixed interest rate?

Michael: There are many choices.  A fixed rate is the most common.  For a lot of people they aren’t staying in their homes forever so looking at a 5 or 7 year adjustable may be a good option and save some money in interest vs. a traditional 30 year fixed.

Scott: Do I need to meet with the lender in person?

Michael: It is always nice to be able to look someone in the eye and shake hands.  Working with someone local does afford that benefit.  However with technology that is in place it isn’t required.  But when there are questions you still need someone to speak with so human contact is not obsolete.  Every one of my clients has my cell phone number to reach me if need after hours or on the weekend.

I’m Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene.  A big thank you to my special guest Michael Timmons, Gibraltar Mortgage.  Let me know if you have any other questions for Michael or myself.   I am here to help you to…  Live Life to the Fullest.


Jack and Jill…Will This Home Suit Our Need?: The Home Buyer Checklist You’ve Been Looking for (7 of 15)

Real estate collage

To say our heroes Jack and Jill were excited about finding their own home on the hill was an understatement.  They had the home buying bug…BIG TIME.  “Jill, I see that you have our next check point printed and ready to read.”  Smiled Jack, as he headed to the kitchen table.  “Yes, Jack, I have it printed and the dinner is in the over staying warm.  Let’s go ahead and read it, before we eat”  sang Jill eagerly.  Jack replied, “Sure Jill” and so Jack began reading aloud………….

#6 Will THIS Home Suit Our Needs in the Future?

When you are searching for a home you need to look into your crystal ball and see what you will need for a home in the future.  Now since the crystal ball store went out of business a couple of hundred years again it might be a good idea to review your goals for the next five, ten, and fifteen years.  The goals you need to review are personal, work and relationship.  In other words, your goals for you, your goals for your job, and your goals as a couple.  All three should meld together at some point.  If one of your work goals is to be CEO of your company in five years and that company just happens to have their headquarters in another state.  Well, that is why you need you go through this exercise.  Respect for the spouses personal dreams and needs for fulfillment are just as important as yours.  That’s what makes two people into one.  Now if you are single; but have a main squeeze it might be time to have serious talks about where the two of you see things going.  No pressure, no worries, just reality.  Buying a home is a commitment for the next five to fifteen years.  That’s why we need to review those long term goals.  Things happen and situations change.  You may want to move closer to family if a loved on falls ill.  Or you may get an unexpected promotion with the division your company just bought that moves you to another state.  Life happens, so be as prepared as you can.

What will you need IN your home to satisfy your needs in the future?  That definitely varies from buyer to buyer, but the basics remain the same…you need a home that has strong bones, has room to grow, and your proud to come home to.  The home structure we will talk about in a later check point.  You will want room to grow in your home, but be careful not to over do it.  A couple with no pets and no children might not want to buy a five bedroom home….yet.  Or maybe they do if they know that they have family that will be visiting for long periods of time for they don’t have a study or game room.  In this case the extra bedrooms become the study and the game room, which leaves you three rooms for beds.  Human nature is to fill available space with stuff.  Be aware of this trap and work hard to keep it in check,  A four bedroom home is a perfect size for a couple that doesn’t have kids or a dog. yet.  One bedroom is the master, tow bedrooms are for guests and one is a study/hobby room.  That doesn’t mean that each guest room needs a full bedroom suit.  Sometimes a blow up mattress works just fine.  After all if your guests don’t leave you won’t have a chance to miss them.

So as Jack finished the last sentence he walked to the kitchen.  on the way he slammed his knee on the counter.  “Yowweee, that hurt.”  Jack yelled in pain.  “I know one thing is for sure, we need a bigger kitchen, especially since your cooking is getting tastier and tastier, Jill.  Before long I won’t be able to fit in this kitchen.”  Jack said with a grin.  Jill met his smile and they set the table together, working hard not to bump Jack’s sore knee again.  That night they started on their short and long term goals eagerly awaiting the next check point entitled:

“Jack and Jill…Where Do YOU Want to Live?  The Home Buyer Checklist You’ve Been Looking For (8 of 15)”

We hope that you’re enjoying our series and that it helps you on your way to……………………..

Live Life to the Fullest,