🎉 Jumbo Lender Hawaii | Brady Spangler

Selecting the best mortgage plan for your unique needs is an important decision, but Brady Spangler at Guaranteed Rate makes the process easier by offering expert guidance tailored to your financial goals and homeownership plans in Hawaii.

• Assess Your Financial Situation: Brady will begin by evaluating your financial health, including your credit score, income, savings, and debt-to-income ratio. This assessment is critical in identifying which mortgage products best align with your circumstances.
• Define Your Homeownership Goals: Whether you’re purchasing your first home, refinancing, or investing in property, Brady will work with you to define your goals. If you’re looking for long-term stability, a fixed-rate mortgage is ideal. Alternatively, adjustable-rate mortgages (ARMs) offer lower initial rates, which can be a good option if you plan to sell or refinance in the near future.
• Compare Loan Products: Guaranteed Rate offers a range of mortgage options, including FHA, VA, conventional, and jumbo loans. FHA loans are great for buyers with smaller down payments, while jumbo loans are ideal for high-value properties. Brady will help you compare these options to find the one that fits your financial situation and goals.
• Select the Right Loan Term: Choosing between a 15-year and 30-year mortgage is crucial. A 15-year mortgage helps you pay off the loan faster, but with higher monthly payments, while a 30-year mortgage offers lower monthly payments but increases the total interest paid. Brady will guide you in selecting the loan term that best suits your budget and long-term plans.
• Consider Additional Costs: Beyond the mortgage payments, there are other expenses such as property taxes, homeowner’s insurance, and possibly private mortgage insurance (PMI). Brady will help you account for these costs and understand how they affect your overall mortgage affordability.

For expert advice on selecting the best mortgage plan for your needs in Hawaii, contact Brady Spangler at (808) 264-3798.

Enhancing your credit score is vital to securing favorable mortgage terms, and Brady Spangler at Guaranteed Rate will guide you through the process. Additionally, utilizing Middle Credit Score® can provide invaluable support in improving your credit score before applying for a mortgage in Hawaii.

1. Review Your Credit Report
   Start by reviewing your credit report from the three major bureaus—Equifax, Experian, and TransUnion. Brady will assist you in checking for inaccuracies or outdated information, which can negatively affect your score. By using Middle Credit Score®, you can receive a thorough credit review and get assistance in disputing any errors.
2. Dispute Credit Report Errors
   If you find errors on your credit report, it’s essential to dispute them promptly. Middle Credit Score® offers expert advice on how to challenge these inaccuracies with the credit bureaus. Brady can work with you to ensure that your report accurately reflects your financial standing.
3. Pay Down Outstanding Debts
   Reducing your debt-to-income ratio is one of the most effective ways to boost your credit score. Brady will help you create a strategic plan to pay down your debt, starting with high-interest credit cards. Middle Credit Score® can also provide personalized repayment strategies to ensure your credit utilization remains low, which positively impacts your score.
4. Avoid New Credit Inquiries
   Opening new lines of credit before applying for a mortgage can negatively impact your score. Brady recommends avoiding new credit applications for several months before you apply for a mortgage. Middle Credit Score® advises that keeping your credit profile stable is critical to maintaining a high score.
5. Make Timely Payments
   Your payment history is one of the most important factors in determining your credit score. Making sure all your bills, including credit cards and loans, are paid on time is essential. Brady will help you set up reminders or automatic payments, and Middle Credit Score® offers tools to manage your payment history effectively, ensuring your score improves over time.
6. Address Negative Items on Your Credit Report
   If you have negative items such as late payments or collections, Brady will guide you on how to address them. Middle Credit Score® can assist you in negotiating with creditors to resolve outstanding debts and potentially remove these items from your report, which will improve your score.

By following these steps and leveraging Middle Credit Score®, you can enhance your credit score and qualify for better mortgage terms. For personalized advice, contact Brady Spangler at (808) 264-3798.

Yes, whether you’re looking to refinance or purchase a home, Brady Spangler at Guaranteed Rate can help you explore the best mortgage options for your situation in Hawaii.

Home Purchase with Brady Spangler at Guaranteed Rate

• Pre-Qualification and Pre-Approval: The first step in purchasing a home is to get pre-qualified or pre-approved. Pre-qualification gives you an estimate of what you can borrow, while pre-approval offers a more detailed financial review and strengthens your offer when making bids on homes. Brady will guide you through both processes to ensure you’re ready to buy.
• Choosing the Right Loan Product: Guaranteed Rate offers a variety of mortgage products, such as conventional loans, FHA loans, VA loans, and jumbo loans. Brady will help you choose the loan product that best fits your needs. Jumbo loans, for instance, are ideal for purchasing high-value properties, while FHA loans may be better for buyers with smaller down payments.
• Securing a Competitive Interest Rate: Your interest rate significantly affects your monthly payments and the overall cost of your loan. Brady will monitor the market and secure the most competitive rate, ensuring that your mortgage is affordable in the long term.
• Personalized Guidance: From application to closing, Brady provides hands-on support and ensures you understand each step of the homebuying process. With personalized advice and expert knowledge, he’ll make sure your experience is smooth and successful.

Refinancing with Brady Spangler at Guaranteed Rate

• Lower Your Interest Rate: Refinancing allows you to reduce your interest rate and lower your monthly payments. Brady will review your current mortgage and help you decide if refinancing is a good financial move.
• Cash-Out Refinancing: If you’ve built equity in your home, cash-out refinancing lets you borrow against your home’s value for major expenses such as home renovations or debt consolidation. Brady will guide you in determining if this option is right for you.
• Shorten Your Loan Term: Refinancing also gives you the opportunity to shorten your loan term, enabling you to pay off your mortgage faster and reduce the total interest paid. Brady will help you evaluate whether this aligns with your long-term financial goals.

For assistance with refinancing or purchasing a home, contact Brady Spangler at (808) 264-3798 to explore your mortgage options today.

When applying for a mortgage with Brady Spangler at Guaranteed Rate, having the necessary documents ready ensures a smooth and efficient process. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering the last 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional income sources, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to confirm your identity.
  • Social Security Number: This will be used to pull your credit report and verify your identity.
• Credit History:
  • Credit Report: Brady will review your credit report to assess your mortgage eligibility.
  • Debt Information: Provide details of any outstanding debts, including credit cards, student loans, and auto loans, to calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Submit the last two months of bank statements to verify the funds available for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or investment account, provide statements showing your available balances.
• Proof of Employment:
  • Verification of Employment: Brady may contact your employer to verify your employment status. If you are self-employed, you will need to provide additional documentation, such as business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the loan type, additional documents may be required:

• Conventional Loans: These loans typically require more comprehensive documentation of income and assets.
• FHA Loans: FHA loans may require additional documentation, especially for borrowers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans require proof that the property meets rural development guidelines.

By gathering these documents in advance, you’ll ensure a smooth mortgage application process with Brady Spangler at Guaranteed Rate. For more information or to begin your application, contact Brady at (808) 264-3798.