Navigating the mortgage market can be overwhelming, but you don't have to do it alone. At ASZ Financing Broker Co., we specialize in finding the right mortgage solution that aligns with your financial goals and unique circumstances.
Whether you're a first-time homebuyer, looking to refinance, or investing in property, our mortgage experts will guide you through the entire process from application to closing.
We offer various mortgage options to suit your specific needs
Predictable monthly payments with interest rates that remain constant throughout the loan term, providing stability and easy budgeting.
Lower initial interest rates that may adjust periodically based on market conditions, potentially offering savings in the short term.
Mortgages insured by government agencies that often feature more lenient qualification requirements and lower down payments.
Mortgage loans that exceed conforming loan limits, designed for high-value properties and luxury homes.
Why work with us for your home financing needs
We work with multiple lenders, giving you access to a wide range of mortgage products and competitive rates not available directly to consumers.
Our mortgage specialists provide personalized advice to help you navigate the complex mortgage landscape and make informed decisions.
We negotiate on your behalf to secure the most favorable interest rates and terms based on your financial profile and needs.
We handle the paperwork and negotiations, saving you time and reducing stress throughout the mortgage application process.
We consider your unique financial situation and future goals to recommend mortgage options that align with your short and long-term plans.
We help you understand the full cost of homeownership, including mortgage payments, taxes, insurance, and other associated expenses.
A streamlined approach to securing your home financing
Meet with our mortgage advisor to discuss your financial situation, homeownership goals, and preferences. We'll explain different mortgage options and help you understand what you can afford.
We'll help you gather necessary documentation and submit your information to lenders to obtain a pre-approval letter. This crucial step shows sellers you're a serious buyer and gives you a clear budget.
With pre-approval in hand, you can confidently search for homes within your budget. We remain available to answer questions about how different properties might affect your mortgage terms.
Once you've found your home, we'll help you complete the full mortgage application and submit it to the lender that offers the best terms for your situation.
We coordinate with the lender throughout the processing and underwriting stages, addressing any requests for additional documentation promptly to keep your application moving forward.
We prepare you for closing day by explaining all costs and documents involved. We attend the closing with you to ensure everything goes smoothly as you sign the final paperwork and receive the keys to your new home.
Key elements lenders consider when evaluating your mortgage application
Your credit score significantly impacts your mortgage eligibility and interest rate. While requirements vary by loan type, higher scores generally lead to better terms.
This ratio compares your monthly debt payments to your gross monthly income. Most lenders prefer a DTI ratio below 43%, though some loan programs may accept higher ratios.
The amount you can put down affects your loan options and terms. While some loans require as little as 3% down, a larger down payment can reduce your interest rate and monthly payments.
Lenders generally look for stable employment with a consistent income. Most prefer to see at least two years of steady employment, though exceptions may apply for recent graduates or career changers.
The property must be appraised to ensure its value supports the loan amount. The condition and location of the property can affect its appraised value and your loan approval.
Our mortgage experts can assess your situation and help you understand your options. We work with various lenders who offer different qualification requirements.
Schedule a ConsultationCommon questions about mortgages and home financing
The amount of home you can afford depends on several factors, including your income, existing debt, credit score, down payment amount, and current interest rates. As a general rule, many financial advisors suggest that your monthly housing costs (including mortgage, taxes, and insurance) should not exceed 28-30% of your gross monthly income. Our mortgage advisors can help you calculate a more precise figure based on your specific financial situation.
Pre-qualification is an informal assessment of how much you might be able to borrow based on information you provide about your finances. It's a quick process but doesn't involve verification of your financial information. Pre-approval is more rigorous and involves submitting documentation so the lender can verify your financial information and credit history. A pre-approval letter carries more weight with sellers because it shows you've been vetted by a lender and are likely to secure financing.
Typically, you'll need to provide: proof of income (pay stubs from the last 30 days, W-2 forms from the last two years, and tax returns from the last two years), proof of assets (bank statements, investment account statements), identification (government-issued ID), credit history, and information about current debts. Self-employed borrowers may need additional documentation. Our team will guide you through collecting all necessary paperwork for your specific situation.
The time from application to closing typically takes 30-45 days, though it can vary based on factors such as loan type, property type, and current market conditions. Working with a mortgage broker like ASZ can often expedite the process, as we're familiar with lender requirements and can help ensure your application is complete and accurate from the start. We'll provide you with a timeline specific to your situation during our initial consultation.
Beyond the down payment, mortgage costs typically include: application fees, origination fees, appraisal fees, credit report fees, title search and insurance fees, home inspection fees, survey fees, and closing costs (typically 2-5% of the loan amount). Some fees may be negotiable, and we can help you understand which costs might be reduced or avoided based on your specific loan and situation.
Let our team of mortgage experts help you navigate the home financing process with confidence.