Hi, this is Matt of Keystone Mortgage. Interested in how to get a faster loan process? I want to give you two quick tips on the fastest way to get your file through underwriting. 1. Number one is to give us all the information upfront that we ask for. 2. When underwriting comes back with…
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If you’re looking to potentially buy a condo/condominium, you’ll want to give us a call so that we can talk through the details of condominium financing for the different loan types. If you’re getting a government loan VA, FHA, USDA, you will definitely have to have the condo approved through agencies. We can tell you…
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Do you have Student Loan Debt? Are you trying to get a conventional loan for your new house? I’m Matt Padgett with Keystone Mortgage. For all of you out there who have student loan debt. It is very important if it’s not showing up on your credit report. If it’s deferred and not showing a…
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What is Earnest Money? Hi, Matt Padgett with Keystone Mortgage here. Today, I want to talk about earnest money. Earnest money is good faith money you give when you’re making an offer or purchase contract. Earnest money should always be written out of your primary checking account so there is a good paper trail for…
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Are you getting ready to sign a contract on a house and have a lot of questions? Hi, this is Matt from Keystone Mortgage. We’re getting a lot of people calling here saying “Hey we’re looking at homes, we’re about to put contracts on homes” and they have a lot of questions and a lot…
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Hi, this is Matt Padgett with Keystone Mortgage. I’m getting a lot of questions likely about interest rates.Where are interest rates going? Are they going down or are they going up? Let me tell you one thing for sure. If I knew where interest rates were going, I’d be making this video from my boat…
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There can be a lot of fear when buying a home. We at Keystone Mortgage have found this to be a very common experience. The process in finding a home is a very unsettling and nervous time even for the most experienced home buyer. In my life, what I have found is that in the…
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Matt Padgett, Mortgage Broker in Knoxville, TN often get’s asked, “What is upfront mortgage insurance?” You most typically find upfront mortgage insurance when you’re dealing with government loans. Whether it be a VA loan, a USDA role development loan or an FHA loan. This is a premium that is added to your loan amount to…
DetailsMatt Padgett with Keystone Mortgage gets asked often, What documents do you need to pre-approve for a mortgage?” There are only four documents that are needed to pre-approve for a mortgage. 1. Two years of tax returns 2. Two years of W-2’s 3. 60 days or 2 months of bank statements 4. 1 month worth…
DetailsA question I get all the time is, “How Much of a Down Payment Do I Need?” To answer how much of a down payment you will need, it depends on the loan type. For a conventional mortgage, you need at least a 3% down. The three percent is kind of like a new down…
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