Whether you're buying, selling, refinancing, or building your dream home, you've got a lot riding on your mortgage consultant. With market conditions and mortgage programs changing frequently, it's crucial for you to ensure that you're dealing with a top professional who can provide quick and accurate financial advice. Frank Bossio possesses the expertise and knowledge required to explore the various financing options available.
Frank's ultimate goal is to ensure that individuals make the right choice for themselves and their families. Frank is committed to surpassing his customers' expectations by offering extraordinary mortgage services. Please browse Frank's website, where you can explore the different loan programs available, utilize decision-making tools and calculators, and easily apply for a loan through a short form application consisting of four simple steps.
Upon receiving the application, Frank will personally reach out to discuss the loan details, or you may opt to schedule an appointment. For personalized service and expert advice, you can reach out to Frank anytime via phone or email.
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What our clients are saying
"Thank you so much for making the refinancing process so smooth and seamless. You contacted me right away, and we were able to start the process immediately. Providing documents was very easy, and you even went above and beyond by taking care of a few items on our list for us! I was very impressed with your communication—you kept us updated every step of the way, so we never had to guess where we were in the process. You saved us a lot of money, and we greatly appreciate it!
You were amazing to work with, and I wouldn’t want to work with anyone else in the future. You will be our go-to lender!
Thank you again!"
“At 65 years of age, I have bought and sold more than a few properties, and I must say that working with Frank to secure financing for my latest house in Arizona has been an exceptional experience. I am thoroughly impressed by Frank’s communication, knowledge, and expertise in finding financing that met my requirements. He also recommended an insurance provider that helped me secure the necessary policies for the purchase.
I was unaware of the various programs available in Arizona, but Frank was instrumental in guiding me through the process, finding a program that provided both financing and down payment assistance. He was always responsive to my questions and kept me informed of each step, right up to and through the closing.
I will definitely recommend Frank Bossio and his firm to anyone looking for help with the mortgage process.”
"We cannot say enough amazing things about Frank! Not only did he make the process easy, but he also took the time to explain everything, ensuring we understood what was happening. He kept us in the loop every step of the way and answered all of our questions (and we had a lot of them!). He was quick to respond and always on top of everything. Frank is a wealth of knowledge, and we are so thankful and grateful to have had him in our corner because we knew we were in good hands. Frank is amazing, and we cannot thank him enough! Thank you for being a part of our home-buying journey, Frank! You're the best!"
Committed to giving you all the support and guidance you need.
A conventional loan is a type of loan that doesn't have government backing or insurance, unlike FHA, VA, and USDA loans, which are insured by the government. Conventional mortgage loans, whether conforming or non-conforming, usually require a slightly larger down payment than some government loans. However, conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
Your credit payment history is recorded in a file or report. These files or reports are maintained and sold by "consumer reporting agencies" (CRAs). One type of CRA is commonly known as a credit bureau. You have a credit record on file at a credit bureau if you have ever applied for a credit or charge account, a personal loan, insurance, or a job. Your credit record contains information about your income, debts, and credit payment history. It also indicates whether you have been sued, arrested, or have filed for bankruptcy.
On a conventional mortgage, when your down payment is less than 20% of the purchase price of the home mortgage lenders usually require you get Private Mortgage Insurance (PMI) to protect them in case you default on your mortgage. Sometimes you may need to pay up to 1-year's worth of PMI premiums at closing which can cost several hundred dollars. The best way to avoid this extra expense is to make a 20% down payment, or ask about other loan program options.
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan. It may be a viable option even if the interest rate difference is only 1% or less. Any reduction can trim your monthly mortgage payments. Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month. Your savings depends on your income, budget, loan amount, and interest rate changes. Your trusted lender can help you calculate your options.
An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The Appraisal is performed by an "Appraiser" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.
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Barrett Financial Group, L.L.C. | NMLS: 1988859