Finance & Mortgages

From choosing a lender to understanding a basic overview on mortgages and credit scores, The Tom Johansing Team will assist the first-time or seasoned buyer in obtaining a mortgage.



Our Preferred List of Lenders

Choosing a lender can seem like a daunting decision.  We recommend that you contact more than one lender to hear what they have to say about the lending process.  You will be working closely with this professional for the next few weeks as you make one of the biggest financial purchases of your lifetime.  You should feel comfortable with your lender.  If you need a place to start, below are a few of our favorite lenders, but you are encouraged to work with whomever you are most comfortable with.


 The Tom Johansing Team List of Lenders       Download our List of Lenders here



Lender Websites



Getting Mortgage Ready

This guide will answer some of your early questions about obtaining a mortgage.

  • Should I rent or buy?
  • What are some things I should consider financially before I decide to buy?
  • How can I help the loan process stay on track all the way through to the closing?


 Getting Mortgage Ready         Download your copy of the guide here



Find the Right Mortgage for You

Not all loans are the same, and trying to figure out which is the best one for you can be confusing.  That is where your loan officer will sort through the process and find the mortgage that best suits your situation and needs.  This informative, yet simple guide will give you an overview of your loan options before you sit down with your lender.


        Download your copy of the guide here



Getting Pre-Qualified for a Loan

"This is an absolute must but don’t worry, your Loan Originator will do all of the work for you. Prior to shopping for homes, you need to know how much house you can afford and what price range you are qualified for.  A Pre-Qualification Letter is a letter from the lender telling the seller that you will be able to purchase their home.  Not only do some real estate agents refuse to show homes until you have a pre-qualification letter in hand, there’s nothing worse than finding your dream home and then finding out you can’t afford it."




Mortgage Application Checklist

In order to approve you for a loan, your loan originator (loan officer) will need to know all of your financial information, including your financial history, income, assets, and debts. Bring the paperwork found in the link below with you when you meet with them. This will ensure they have the information they need and will get things off to a great start.


Loan Application Checklist       Download the Application Checklist here



“The most important thing about this step is being honest and open with your Loan Originator.  They are here to help you and without all of the necessary information, they can’t do their job.  Giving them false information or leaving things out will only delay the process.”




Mortgage Application Do’s & Don’ts

Staying on course throughout the loan process is one of the critical components for a successful closing.  Download this list of important ways you can improve or maintain your credit score and avoid setbacks during the loan process.


Loan Application Do's & Don'ts        Download your copy of the list here



Understanding your Credit Score

What is a credit score and why is a credit score so important? 

What 5 factors make up a credit score? 

Dealing with credit challenges – what can I do to improve my credit score?  What if I have no credit? 


Find the answers to these questions and more in this comprehensive guide.


Understanding your Credit Score        Download your copy of the guide here



What are FICO Credit Scores?  (the short version)

“FICO Scores are the most widely used credit scores.  Each FICO Score is a three-digit number calculated from the data on your credit reports at the three major consumer reporting agencies – Experian, TransUnion and Equifax.  Your FICO Scores predict how likely you are to pay back a credit obligation as agreed.  Lenders use FICO Scores to help them quickly, consistently, and objectively evaluate potential borrowers’ credit risk."

From Understanding FICO Scores c 2018 Fair Isaac Corporation


FICO Scores Explained in brief     Download FICO Scores Explained here

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