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We would love to help you! www.JeffStemplerTeam.com

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Renovation Loan: Transform an Ugly House into your Dream Home

A renovation loan allows you to turn a not-so-perfect house into your dream home. This is a great solution, when you can’t find a home you love, in the neighborhood you want to be in. Many clients have a specific school they want their children to attend, but struggle to find a property that meets their needs there, due to the limited supply of houses for sale right now. A renovation loan allows them to get into that school and live in a home they love.

Just some of the possibilities with a Renovation loan:

·         Replace dingy carpets with hardwoods

·         Paint the interior and exterior a fresh, modern color

·         Add bedrooms to meet your family’s needs

·         Go green with eco friendly windows

·         Update the big systems: HVAC, electrical, & plumbing

·         Say good-bye to ugly countertops and hello to gorgeous granite

The Jeff Stempler Team is proud to be part of First Home Mortgage home of the the best 203(K) Renovation Lending team! How did we achieve this? We work hard and consistently do an excellent job for our buyers.

Don’t take our word for it, read what our past clients say about our service, whether it is for a first home, a refinance or a renovation loan!

“Jeff and his entire team were extremely impressive from start to finish. I’ve interacted with a number of lenders, and two things distinguished Jeff: his team’s responsiveness and how well they worked together. We all know what it’s like to email someone or call and not hear back, or hear back days later. Jeff’s team was always on the ball. If someone was out of the office, a colleague jumped in. It’s not always about having the answer immediately, it’s about letting you know they got the message and are working on it. Home buying is stressful enough without feeling like you’re in the dark.” –FB, Arlington, VA

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10 Rules You Must Follow When Getting Pre-Qualified for a Mortgage

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Montgomery Homeownership Program III and Maryland SmartBuy 2.0

Only a very limited number of reservations remain. Contact us today at 301-674-3975 and www.JeffStemplerTeam.com to learn if this is right for you!

This is not a guarantee to extend consumer credit as defined by Section 1026.2 of Regulation Z.  Programs, interest rates, terms and fees are subject to change without notice.  All loans are subject to credit approval and property appraisal.  First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org)

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Mortgage Documents

What documents do we need from you to obtain home financing? Your 3rd grade report card? Your cat's DNA profile? A copy of that speeding ticket you got when you were 16? Nope, those are all just mortgage myths. Learn the real truth of what we need here!

Here are the documents The Jeff Stempler Team actually recommends:

Driver’s License or Government Issued Photo ID

Social Security Card, if available

Pay Stubs covering most recent 30 day period

W-2 and/or 1099 forms from the previous two years

Most recent 2 years of federal tax returns with all coinciding schedules

Bank, investment, and retirement account statements (all pages) for previous two months or most recent quarterly statement

Of course, if you own other properties or are self-employed we will need additional documents. But I sincerely promise to never ask for your cat’s DNA. 

Ready to get started? Let’s talk!

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Jumbo Loans: Jeff Stempler is your experienced Jumbo Mortgage Lender

Jumbo Loans are in greater demand, due to increasing home values.

The Jeff Stempler Team proudly offers Jumbo Loans to meet your growing needs. Put your trust in a proven, experienced loan orginator when making one of the largest purchases of your life. My team’s expertise enables us to make the mortgage process fast, easy, and understandable, whether you are buying your first home or need a jumbo loan to move up to a larger home. In addition, our flexibility allows a customized and unique approach to home lending. Because every buyer’s situation is different, we will listen to your needs and present you with your best options. We want you to buy with confidence, knowing you made a smart decision for your financial future.

Key Highlights of Our Jumbo Loans:

Some programs allow up to 90% loan-to- value

Minimum credit score 700 on some programs

Purchase or Refinance

15 and 30 year fixed conventional loans, along with various ARM options

Specific highlights will vary by product

Ready to get your Jumbo Loan started?

Go to MarylandJumboHomeMortgage.com to start your application. I look forward to working you as you buy the home of your dreams. If you prefer, you can call me at 301-674-3975 to set up an appointment at our conveniently located office in Rockville.

Learn what past clients say about us:

“Jeff is a true professional, clear, upfront, detailed, and knowledgeable. He insists on your satisfaction before moving forward. He has a strong team behind him and they too are very efficient and thorough.” RD, Poolesville, MD

“Jeff and his staff were great and they provide a great loan process experience for me and my wife. We could have not pick a better person and company to have worked with. I would truly recommend Jeff and his team for their outstanding help and professionalism in getting us though the home buying process. Thanks again Jeff!” SM, Laurel, MD

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Busted: Only Refinance to Lower Your Rate

There are actually several reasons to refinance your mortgage. Today on Mortgage Mythbusting: 4 Great Reasons to Refinance Your Mortgage:

LOWER YOUR INTEREST RATE: Make a big difference in your monthly out-of-pocket costs for housing, meanwhile save money on financing fees over the life of your mortgage.

BUILD EQUITY FASTER:  Homeowners in a position to make higher monthly payments could switch from a longer to shorter term mortgage (for example, 30 year to 15 year), where available.

CASH OUT ON EQUITY:  Use the equity you’ve already established to tackle those home improvement projects, pay off debt, or send your child to college.

CHANGE YOUR LOAN PROGRAM: Go from an adjustable rate  mortgage (ARM) to the stability of a fixed rate mortgage. There are often more attractive rates and loan programs.

What past clients say about Refinancing with The Jeff Stempler Team:

“Jeff Stempler and his team did a great job managing expectations and shepherding me through the process. I have used Jeff for a mortgage or refinance three times and each experience has been great. I recommend Jeff to anyone looking for a lender.” – M, Adamstown, MD, April 2017

“From the very beginning, Jeff helped us to understand all the products available to us and the pros and cons of each, to the end, when we signed the final papers, we were kept up to date and always knew where we were in the process. This was the most painless refinance we have ever gone through. We will certainly turn to Jeff the next time we need a mortgage – whether for a purchase or a refinance. Highly recommend!!”  -C, Poolesville, MD, November 2016

Ready to discuss if this is right time to refinance?

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It is once again time to bust another mortgage myth! There are NOT a million rules to follow when applying for a mortgage, these 10 Simple Rules to cover most issues!

1.       Do Not Change Jobs or Become Self-Employed. Steady employment is the best thing to see on an application.

2.      Do Not Buy a New Vehicle. Keep your eyes on the prize, new cars can wait.

3.      Do Not Fall Behind on Your Bills or Credit Card Payments. Now is not the time to pay late or even worse, miss a payment.

4.      Do not spend money you saved for your down payment. You’ve worked so hard to build up your savings, do not go on a spending spree now.

5.      Do not buy furniture before you buy your house. Wait! Move into your dream home, then decorate it.

6.      Do not originate any new inquiries on your credit report.

7.       Do not make large deposits without checking with your lender. As part of your application, large deposits are sourced. Before you hit the bank, call your lender.

8.      Do Not Change Banks. Consistency is key.

9.      Do Not Co-Sign a Loan for Anyone. You don’t need more debt.

10.   Do not make Large Purchases until after closing. They can wait.

Applying for a mortgage does not have to be a complicated experience! With a little patience and smart choices, you  can purchase the home of your dreams.

Ready to use a better lender? Ready to start applying for a mortgage?

Please contact me to discuss your home buying dreams and goals!

See what buyers are saying about The Jeff Stempler Team:

“Jeff and his team explain the process in detail and were always available to answer any of my questions. In addition, they provide weekly updates which helps to keep the communication flowing and decrease some of my anxiety! I have worked with Jeff and his team several times now (3 or 4). They are very professional and responsive, and consistently, there are no surprises at the end of the process, at the time to signing, which feels great! I couldn’t think on any other way to make this better!” PM, Frederick, MD

“Jeffrey Stempler really exceeded our expectations. The process was really smooth, and he kept us informed at all times. He has a great team working with him. Jeff was really professional, super nice, and most importantly he make it happen. A really first class service. Highly recommended!!!!!!!” AS, Washington, MD