1st Phase Mortgage is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the best financing available that enables you to make sound financial decisions.
1st Phase Mortgage was founded in 2014, and is owned and operated by Paul Barranco the Senior Loan Officer who has over 20 years experience in the Mortgage and finance Industry. Our staff of experienced financial professionals is here to help you fulfill your financial goals and dreams. If you have questions about the mortgage process you can call or visit us at our office.
1st Phase Mortgage was founded in 2014, and is owned and operated by Paul Barranco the Senior Loan Officer who has over 20 years experience in the Mortgage and finance Industry. Our staff of experienced financial professionals is here to help you fulfill your financial goals and dreams. If you have questions about the mortgage process you can call or visit us at our office.
Services
Are you looking to buy a home? Here you can use our online tools to learn more about home loans, and find the best loan options to suit your needs and goals. You can explore our site without any obligation or disclosure of personal information, or if you want, you can even begin the application process online!
Calculates your payment for different loan amounts, interest rates, and amortization terms. Calculates the breakdown of principal and interest payments in a yearly or monthly format. Calculates how much you can save over the term of your loan by increasing your monthly payment. Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter.
1st Phase Mortgage believes that communication and customer service are not luxuries when it comes to mortgage offices.
Some of our competitive advantages include: we are available 24/7 to help clients, we are extremely knowledgeable and can walk you through each step of an otherwise complicated process, we have resources and tools available, we work to find the best option to benefit our clients, and will educate you on the options available, we can offer VA loans if applicable, we stay in constant communication from initial contact to closing, we are great at problem solving and our past clients will tell you the same.
Some of our competitive advantages include: we are available 24/7 to help clients, we are extremely knowledgeable and can walk you through each step of an otherwise complicated process, we have resources and tools available, we work to find the best option to benefit our clients, and will educate you on the options available, we can offer VA loans if applicable, we stay in constant communication from initial contact to closing, we are great at problem solving and our past clients will tell you the same.
Generally speaking, you can purchase a home with a value of two or three times your annual household income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value.
When lenders review your application, they like to see consistency in your finances. Here are six things you shouldn't do when applying for a mortgage: Do not make major purchases like furniture, appliances, jewelry, vehicles or vacations Don't change or quit your job Consult with your mortgage professional before withdrawing, depositing or moving large amounts of.
Reviews (1)
Savannah Newton
Mar 18, 2021
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A month late--- but if I could give Paul 10,000 stars, I totally would. My husband and I moved to Louisiana from North Carolina, and had a 'for sale by owner' home we were wanting (and bought). Neither the sellers or us used real estate agents, which did add some stress upon to my husband and I. After dealing with another broker out of state who knew absolutely nothing about the Rural Development program, we found Paul who from that point on made the entire process a walk in the park. Paul continuously walked us through what steps we were taking, what all the documents meant we were signing, what
