Choosing the right mortgage plan can be challenging, but Matthew Davis at Newrez LLC is here to simplify the process. Matthew’s goal is to tailor a mortgage solution that aligns with your financial objectives and homeownership goals in Indiana.

• Assess Financial Health: Matthew will help you evaluate critical factors like your credit score, income, and debt-to-income ratio to determine which mortgage products best meet your profile.
• Define Your Goals: Are you a first-time buyer, refinancing, or investing? Matthew takes time to understand your unique situation and recommend options such as fixed-rate mortgages for stability or adjustable-rate mortgages (ARMs) for lower initial interest.
• Explore Loan Types: Newrez LLC offers a range of options, including conventional loans, FHA loans, VA loans, and jumbo loans. Matthew will guide you in understanding the differences, such as down payment requirements, eligibility, and terms that fit your budget.
• Understand Loan Terms: Choosing between short-term and long-term loans is essential. Matthew will explain how a shorter term can mean higher monthly payments but less total interest, while a longer term reduces monthly payments but accrues more interest over time.
• Consider Additional Costs: Other costs, like closing costs, homeowner’s insurance, and property taxes, can impact affordability. Matthew ensures you’re aware of these expenses, integrating them into your overall mortgage plan.
• Personalized Support: At Newrez LLC, Matthew’s approach is highly personalized. He offers ongoing guidance and customizes each mortgage plan to meet your needs, ensuring that you’re fully prepared to make confident decisions.

For expert assistance in selecting the right mortgage, contact Matthew Davis at Newrez LLC at (317) 517-6534 or via email at mattdavis@uhm.com.

Improving your credit score is a critical step in securing better mortgage terms. Matthew Davis at Newrez LLC offers these actionable tips to help boost your score before applying for a mortgage in Indiana:

1. Review Your Credit Report
   Start by pulling your credit report from the major bureaus to identify any errors or discrepancies. Correcting mistakes can quickly enhance your credit profile.
2. Dispute Inaccurate Information
   Errors on your credit report, such as outdated account balances, can negatively impact your score. Disputing inaccuracies with the credit bureaus is a simple way to potentially increase your score.
3. Lower Your Credit Utilization
   Keeping your credit utilization ratio below 30% (using less than 30% of your credit limit) is essential for maintaining a good score. Paying down balances on your credit cards can help achieve this.
4. Avoid New Credit Applications
   New credit inquiries can lower your score, so avoid opening additional credit accounts in the months leading up to your mortgage application.
5. Ensure Timely Payments
   Payment history is one of the most influential factors in your credit score. Making all payments on time, including loans, credit cards, and utility bills, will improve your score over time.
6. Pay Down Outstanding Debts
   Reducing outstanding debts lowers your debt-to-income ratio and shows lenders you manage credit responsibly.
7. Monitor Your Credit Regularly
   Regular monitoring helps you stay on top of changes and catch potential issues early, especially in the months before applying for a mortgage.

Following these steps can help improve your credit profile and qualify you for more favorable mortgage terms. For personalized guidance, contact Matthew Davis at Newrez LLC at (317) 517-6534 or mattdavis@uhm.com.

Yes, whether you’re purchasing a new home or looking to refinance your existing mortgage, Matthew Davis at Newrez LLC provides comprehensive assistance tailored to your financial goals.

Home Purchase with Matthew Davis at Newrez LLC

• Pre-Qualification and Pre-Approval: Matthew will help you secure pre-qualification or pre-approval, establishing your purchasing power and strengthening your position in the competitive housing market.
• Range of Loan Products: Newrez LLC offers a variety of options, including conventional loans, FHA loans, VA loans, and jumbo loans. Matthew will guide you through these choices, aligning the loan structure with your budget and long-term objectives.
• Competitive Interest Rates: Matthew works to secure the best possible rates, lowering your monthly payments and overall interest costs over the life of the loan.
• Comprehensive Support: From initial application to closing, Matthew provides ongoing support and clear explanations, making the home-buying process smooth and stress-free.

Refinancing with Matthew Davis at Newrez LLC

• Lower Monthly Payments: If current market rates are lower than your existing mortgage rate, refinancing with Matthew can help reduce your monthly payments, freeing up cash for other financial goals.
• Cash-Out Refinancing: For homeowners with significant equity, cash-out refinancing allows access to funds for major expenses, such as home renovations, debt consolidation, or education.
• Flexible Terms: Matthew can help you restructure your loan to shorten or lengthen the term, depending on your financial strategy.

For assistance with home purchases or refinancing, reach out to Matthew Davis at Newrez LLC at (317) 517-6534

Starting your mortgage application with Matthew Davis at Newrez LLC requires certain essential documents. Here’s what you’ll need to prepare:

General Documents for Mortgage Applications

• Proof of Income:
  • W-2 Forms: W-2s from the past two years verify your income and employment.
  • Pay Stubs: Submit recent pay stubs covering at least 30 days.
  • Tax Returns: If you’re self-employed, provide federal tax returns from the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid driver’s license or passport is needed to verify your identity.
  • Social Security Number: Used for credit verification.
• Credit History:
  • Credit Report: Matthew will review your credit report to understand your debt management and determine loan eligibility.
  • Outstanding Debts: Documentation of existing debts, such as credit cards, student loans, and car loans, helps determine your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Provide statements from the last two months to confirm sufficient funds for down payments and closing costs.
  • Retirement/Investment Account Statements: Statements from accounts like 401(k)s and IRAs may be needed to verify reserves.
• Proof of Employment:
  • Employment Verification: In some cases, Newrez LLC may contact your employer directly. Self-employed applicants may need to submit additional documents, such as profit and loss statements or business licenses.

Loan Program-Specific Documents

• Conventional Loans: These may require higher credit scores and additional income documentation.
• FHA Loans: Specific eligibility documentation may be needed for FHA-backed loans.
• VA Loans: Military veterans will need a Certificate of Eligibility (COE).
• USDA Loans: USDA-backed loans may require proof that the property meets USDA guidelines.

Collecting these documents in advance will expedite your application process. For personalized guidance on your mortgage journey, reach out to Matthew Davis at Newrez LLC at (317) 517-6534