How much can I afford

What is a mortgage

What credit score do I need to get a mortgage

Home Loans

Pre-approved

My Lender Chris

Buying a Home

HHow much mortgage can I afford

How to get a mortgage

How much mortgae can I qualify for

Delaware Mortgage 

Pennsylvania Mortgage

Maryland Mortgage

New Jersey Mortgage

Florida Mortgage

The top mortgage broker 

Mortgage Boss

Mortgage Monday

answers

to your

mortgage

questions...

CHRISTOPHER PATILLE 

VP OF MORTGAGE LENDING

NMLS: 899769

Phone: (302) 229-7124

Frequently asked questions

How do I know if I am ready to buy a home?


If you can answer "yes" to the majority of the questions below, then you are reay to purchase a home. Do you have a steady job? Is your income situation reliable and consistent? Have you started saving for a down payment? Are you tired of renting? Are you tired of getting turned down by apartment complexes for having a dog?




What is a mortgage?


A mortgage is a legal document between a homeowner and the mortgagee that establishes a home or property as collateral for a home loan.




How do I get a mortgage?


The first step is to contact me, your mortgage lender, to get Pre-Approved of course!




What kind of information do I need to apply for a mortgage?


Everyone's situation is different, but here are the most common documents needed for applying: Tax Returns 30 months of paystubs W-2s or other proof of income Bank Statements & Other Assets Gift Letters (if family/friends are helping you buy, you need a written confirmation letter) Photo ID




What credit score do I need to buy a home?


All lenders have different baselines for credit scores. The higher your score, the better your interest rate. Guaranteed Rate offers loans for scores at 580+.




How do I know which loan program to choose?


Speaking with me, your home loan advisor, is the first step. We will explore every different loan option and program available until we find the one that fits 100% of your needs. We got you covered!




Why should I buy a home instead of rent?


When you compare monthly payments, it is usually more cost-efficient to buy a home rather than rent. There are also tax-saving deductions and home equity to consider when you purchase a home. Ultimately, owning a home is an investment for YOUR future and not your landlord's!




How much money do I need for a down payment?


The loan program you and your lender choose will determine the amount of money needed for a down payment. Guaranteed Rate has programs that require as little as 3% down and even some programs that cover your FULL DOWN PAYMENT. That's right no money down!




Do I need a Real Estate Agent?


It is possible to purchase a home without a real estate agent. HOWEVER, the home purchasing process includes contract negotiation, home inspections, and deadline derived actions that can make the process overwhelming without an experienced agent's guidance. Unlike home purhcasing websites, real estate agents have the most up-to-date information about homes for sale and sometimes even have listings that are not on the market yet! Remember, as a home buyer, it is FREE to use a real estate agent.




How can I contact you to get started?


In my job, I pride myself on always being available for my clients. You can reach me by call or text on my cell phone (302) 229-7124 or by email Chris.Patille@rate.com .





Christiopher Patille NMLS ID: 899769 Guranteed Rate NMLS # 2611

CA CA-DBO899769, CO - 100510516, DE - MLO-899769, FL - LO51168, MD - 38001, NJ - Licensed, PA - 65259, TX - Licensed, VA - MLO - 17297VA

© 2019 Proudly Created by TAMC TA Management & Consulting, Inc. (302) 883-9202