🎉 Idaho Loan Officer | Jason Oswald

Selecting the best mortgage plan tailored to your financial needs is essential, and Jason Oswald at Academy Mortgage Corp is here to guide you through the process in Idaho. Here’s how Jason can help:

• Assess Your Financial Health: The first step Jason will take is to assess your current financial situation, including your credit score, income, savings, and debt-to-income ratio. These elements are critical in determining what mortgage products you qualify for and what terms will work best for your financial goals. If your credit score needs improvement, Jason will guide you on how to make adjustments before applying.
• Identify Your Homeownership Goals: Whether you’re buying your first home, upgrading, refinancing, or investing, Jason will help you define your goals. If you’re seeking long-term stability, a fixed-rate mortgage might be the best option. However, if you’re planning to sell or refinance in a few years, an adjustable-rate mortgage (ARM) with lower initial payments may be more suitable.
• Compare Loan Products: Academy Mortgage Corp offers a wide variety of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. If you’re purchasing a high-value property in Idaho, a jumbo loan might be necessary. For first-time homebuyers or those with smaller down payments, an FHA loan could be the ideal solution. Jason will walk you through the benefits and potential drawbacks of each loan type, helping you make an informed decision.
• Choose the Right Loan Term: Jason will help you choose the right loan term, whether it’s 15 years or 30 years. A shorter-term mortgage typically has higher monthly payments but can save you significant interest over the life of the loan. Conversely, a longer-term loan offers lower monthly payments but increases the total interest paid over time.
• Consider Additional Costs: Beyond your monthly mortgage payment, there are additional costs such as property taxes, homeowner’s insurance, and potentially private mortgage insurance (PMI) if your down payment is less than 20%. Jason will help you understand these costs and how they affect your overall budget, ensuring that you are financially prepared for the total cost of homeownership.

For personalized guidance on selecting the best mortgage plan for your needs in Idaho, contact Jason Oswald at (208) 991-5575.

Improving your credit score is a crucial step in securing favorable mortgage terms, and Jason Oswald at Academy Mortgage Corp can help you enhance your credit before applying for a mortgage in Idaho. With the support of Middle Credit Score®, you can strengthen your credit profile and improve your chances of qualifying for the best rates.

1. Review Your Credit Report
   Start by reviewing your credit report from the three major bureaus—Equifax, Experian, and TransUnion. Jason will help you identify any inaccuracies or discrepancies that may be lowering your score. Middle Credit Score® offers a detailed analysis of your credit report and provides guidance on disputing any errors to ensure your report accurately reflects your financial standing.
2. Dispute Errors on Your Credit Report
   If you find mistakes on your credit report, such as incorrect late payments or outdated balances, it’s important to dispute them immediately. Middle Credit Score® provides tools to help you file disputes with the credit bureaus. Jason will assist you in ensuring your credit report is clean and accurate, which can lead to an improvement in your score.
3. Pay Down Outstanding Debt
   Reducing your credit card balances and other outstanding debts can significantly boost your credit score. A lower credit utilization ratio (the amount of credit you’re using relative to your available credit) will have a positive impact on your score. Jason can help you create a plan to pay down high-interest debts, while Middle Credit Score® offers personalized repayment strategies to help improve your credit utilization ratio.
4. Avoid Opening New Credit Accounts
   Opening new lines of credit before applying for a mortgage can temporarily lower your credit score. Middle Credit Score® advises maintaining a stable credit profile in the months leading up to your mortgage application. Jason will guide you on best practices to ensure your credit score remains strong as you prepare to apply for a mortgage.
5. Make Timely Payments
   Your payment history is one of the most important factors in determining your credit score. It’s crucial to make on-time payments for all your bills, including credit cards, loans, and utilities. Middle Credit Score® provides tools to track your payment history and ensure you never miss a due date, helping you maintain a strong payment record.
6. Resolve Negative Items on Your Credit Report
   If you have negative marks on your credit report, such as late payments or collections, addressing them is key to improving your score. Middle Credit Score® can assist you in negotiating with creditors to resolve these issues, potentially removing negative marks and boosting your score over time.

By following these steps and utilizing Middle Credit Score®, you’ll be well-prepared to apply for a mortgage with an improved credit score. For personalized advice, contact Jason Oswald at (208) 991-5575.

Yes, whether you’re considering refinancing your existing mortgage or purchasing a new home, Jason Oswald at Academy Mortgage Corp is ready to assist you in navigating both options in Idaho.

Home Purchase with Jason Oswald at Academy Mortgage Corp

• Pre-Qualification and Pre-Approval: The first step in purchasing a home is securing pre-qualification or pre-approval. Pre-qualification provides an estimate of how much you can borrow, while pre-approval involves a more thorough review of your financials and gives you a competitive advantage when making offers. Jason will guide you through both steps, ensuring you’re prepared to buy your dream home.
• Choosing the Right Loan Product: Academy Mortgage Corp offers a variety of mortgage products, including conventional loans, FHA loans, VA loans, and jumbo loans. If you’re purchasing a high-value property, a jumbo loan might be the right choice. Alternatively, FHA loans are ideal for first-time homebuyers or those with lower down payments. Jason will help you compare your options and find the loan that best fits your financial situation.
• Securing Competitive Interest Rates: Interest rates significantly affect your monthly payments and the total cost of your mortgage. Jason will work with you to secure the most competitive interest rate available, ensuring you save money over the life of your loan.
• Step-by-Step Guidance: From the application process to closing, Jason will provide personalized guidance at every stage of the homebuying journey, ensuring that you understand each step and feel confident in your decisions.

Refinancing with Jason Oswald at Academy Mortgage Corp

• Lower Your Interest Rate: Refinancing allows you to take advantage of lower interest rates, which can reduce your monthly payments and save you money over the life of your loan. Jason will review your current mortgage and help determine if refinancing is a smart financial move for you.
• Cash-Out Refinancing: If you’ve built up equity in your home, cash-out refinancing allows you to tap into that equity to fund significant expenses, such as home improvements, education, or debt consolidation. Jason will guide you through the cash-out refinancing process and help you decide if this option is right for your needs.
• Shorten Your Loan Term: Refinancing can also help you shorten the term of your mortgage, allowing you to pay off your loan faster and save on interest. Jason will help you determine if switching from a 30-year mortgage to a 15-year loan fits your financial goals.

For expert assistance with refinancing or purchasing a home, contact Jason Oswald at (208) 991-5575 to explore your mortgage options.

When applying for a mortgage with Jason Oswald at Academy Mortgage Corp, having the necessary documents ready will ensure a smooth and efficient process. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering at least 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional income sources, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
  • Social Security Number: Your Social Security number will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Jason will review your credit report to assess your mortgage eligibility.
  • Debt Information: You’ll need to provide details of any outstanding debts, such as credit cards, student loans, and auto loans, so Jason can calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Provide the last two months of bank statements to verify funds available for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or investment accounts, provide statements showing the available balances.
• Proof of Employment:
  • Verification of Employment: Jason may contact your employer to verify your employment status. If you’re self-employed, you’ll need to provide additional documentation, such as business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the type of loan you’re applying for, additional documents may be required:

• Conventional Loans: Conventional loans typically require more detailed documentation of income and assets.
• FHA Loans: FHA loans may require additional documentation to prove eligibility, particularly for buyers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and potentially military discharge papers.
• USDA Loans: USDA loans for rural properties may require proof that the property meets USDA guidelines.

By gathering these documents in advance, you’ll ensure a smooth mortgage application process with Jason Oswald at Academy Mortgage Corp. For more information or to begin your application, contact Jason at (208) 991-5575.