Home Buying

Today Chris shows you how much money you can expect to pay over the life of the loan, and provides tips to pay less.

Chris Ulrich

Vice President | Mortgage Lending

NMLS 215735

Payment, Rate and APR Assumptions as of 2/9/2023 Payment, rate, and APR example for a 30 YR, 20 YR & 15 YR Fixed loan: At a loan amount of $400,000 on a home values at $500,000. Payment shown only to explain how a loan is amortized. For demonstration purposes only, rate of 6.000% / 6.500% APR. Does not include taxes and insurance. Actual payment with those items will be higher. Scenario assumes a 740 credit score, 80% loan to value, 60-day lock period, and zero points for an owner-occupied, single-family detached home which will be used as a primary residence. APR stands for annual percentage rate. Additional requirements must be met. Subject to underwriting approval. Not all applicants will qualify. This is not a commitment to lend.

Chris explains how he pre-approves clients and how you can calculate how much home you can afford.

GET PRE-APPROVED HERE

Chris Ulrich NMLS# 215735

Chris explains Loan-Level Price Adjustments and how several factors can determine your interest rate.

Rate and APR Assumptions as of 11/10/2022 The interest rates and loan pricing shown are for demonstration purposes only. Actual interest rates may be higher than 6.000% / 6.322% APR. Assumes a loan amount of $100,000, 740 credit score, 80% loan-to-value, 60-day lock period, and zero points for an owner-occupied, single-family detached home which will be used as a primary residence. For the demonstrated owner-occupied condo and 680 credit score with a 1.75 discount point, rate and APR would be 6.000% / 6.827%. APR stands for annual percentage rate. Additional requirements must be met. Subject to underwriting approval. Not all applicants will qualify. This is not a commitment to lend.

Chris Ulrich – VP Mortgage Lending

NMLS 215735

United Home Loans

Free Annual Credit Report: https://www.annualcreditreport.com/

Opt-Out of Pre-Screened Calls: https://www.optoutprescreen.com/

Renovation loans can be a game-changer, when inventory is low or home prices for turnkey homes just aren’t affordable.

Get Pre-Approved Here!

Ever wonder what lenders look at? How much a single inquiries impact your scores? Just want some tips to keep your credit profile as clean as possible?

C.F.P.B information on mortgage lenders pulling reports: https://www.consumerfinance.gov/ask-c…

Free Annual Credit Report: https://www.annualcreditreport.com/

Bridge loans are especially helpful because they allow buyers to move fast, get more, and give non-contingent offers. Buyers can confidently make offers knowing that they are not in the limbo between selling and buying. Buyers can make non-contingent offers on prospective homes. These non-contingent offers are much more appealing to sellers as they eliminate risk and uncertainty entirely. They can also easily agree to the tight closing schedules that have become so common in today’s market. The sale of the existing home doesn’t have to be rushed. Buyers can take their time staging the home, reviewing offers, and going over any additional details.

Chris has been helping homebuyers for nearly 20 years. The UHL Doctor Loan is another way we are making homeownership more affordable for our clients.