Mortgage Company Shelter Island, NY


What to Expect During Your First Meeting with a Suffolk County Mortgage Broker at Jet Direct Mortgage

Whether you’re a first-time homebuyer, you’re refinancing your Shelter Island house, or you want to make improvements, if you’re looking for mortgage companies near me, you’ll find a lot of options to choose from. While there’s certainly no shortage of mortgage lenders in the Suffolk County area, you don’t want to settle for just anyone; you want to choose the best mortgage company possible. Jet Direct Mortgage, a local direct lender, is a premier mortgage company. Offering a wide variety of loan programs, fair and affordable rates, and fast approval times, you can count on our team to get you into the home of your dreams.

The prospect of buying your first home is certainly exciting, but it can also be nerve-wracking. There are a lot of factors that need to be considered and tons of decisions that have to be made. If you’re like most house-hunters in the Suffolk County area, figuring out home mortgage options is one of the biggest decisions you’ll need to make. While you can go to a bank or a credit union and try to secure a loan yourself, if you want to ensure your home buying experience goes as smoothly as possible, you should seriously consider enlisting the help of a mortgage lender.

Mortgage companies are firms that specialize in, well, mortgages. They originate and/or fund residential mortgages. Mortgage lenders are knowledgeable, experienced, and can make the process of obtaining the funds you need to purchase your home a lot easier.

After you’ve searched for mortgage lenders near me, you’ve researched perspective companies, and you’ve arranged a consultation, the next step in the process of securing a home loan is a consultation with a mortgage broker. If you’ve never purchased a home before, you might be wondering what to expect during your consultation. To set you up for success, here’s a look at what you can expect during your first meeting with a mortgage broker.

Be Prepared

Before you head out to your first meeting with a mortgage broker, make sure you prepare yourself. That means organizing copies of pertinent financial documents and generating a list of questions.

As for documents, you’ll want to have the following on-hand:

  • A copy of your credit report
  • Proof of income, such as payslips or pay stubs
  • Copies of current bank statements; both your checking and your savings account
  • A list of any assets you have; retirement accounts, such as a 401-K, stocks, and bonds, deeds to any property you may already own, etc.
  • A valid form of identification; a US driver’s license, non-driver ID, a passport, or a birth certificate, for example
  • Your most recent tax returns
  • Copies of statements from other debt you have; credit card statements, car loans, student loans, etc.

To find out if the mortgage company will want to see any other documents, make sure you give them a call and ask ahead of time.

Generate a list of questions that you want to have answered during your meeting. Questions should pertain to your specific situation; however, a few basic inquiries you’ll want to make include:

mortgage brokers near Albertson, NY

  • What type of mortgage programs do you offer?
  • What are your rates?
  • What type of fees do you charge?
  • What are the down payment requirements?
  • How long does it usually take to process a mortgage?
  • What should I bring to closing?
  • Do you participate in home buying assistance programs?

Ask Questions

During your initial consultation with a Suffolk County mortgage broker, make sure you ask all of the questions that you generated before your meeting. If any other questions come up during your meeting, ask those, too. Jot down the answers you receive so that you can refer to them after your meeting. If you aren’t sure of something, don’t be afraid to ask for clarification. Financial language can be difficult to understand; a reputable broker will be more than happy to explain in layman’s terms.

Expect to Answer Questions, Too

You aren’t the only one who will be asking questions; the broker will ask you questions, too! In order to match you up with a mortgage program that will meet your needs, the broker is going to want to get to know as much as possible about you. You’ll likely be asked a number of questions that pertain to your financial history, but the broker will also ask some personal questions; your marital status, your age, whether or not you have children, your occupation, the name of your current employer and how long you’ve been working with your most recent employer, for example.

Be open and honest. The more the broker learns about you, the better.

Present Your Documents

Share the documents you brought along with you. The broker will carefully assess them to learn more about your financial status. With this information, the professional will be able to determine which home loan will best suit your needs and whether or not you are eligible for any programs that the mortgage company offers.

Discuss Options

Based on the information the broker has collected, he or she will then share the different options that best suit your unique situation. Ask questions about the loans the broker suggests, including the advantages of the disadvantages.

The Next Step

After your meeting with a mortgage broker, assess the information you received. Take your time; it’s a big decision. Review answers, options, and any other details that were shared. Reflect on the broker’s professionalism; was he or she knowledgeable, friendly, and helpful? After you review your meeting, you’ll be able to determine if you want to proceed with the mortgage company or continue looking elsewhere.

Jet Direct Mortgage: Suffolk County’s Premier Mortgage Lender

If you’re looking to purchase a home in the Shelter Island, NY area, contact Jet Direct for your home loan needs. As a leading mortgage lender, we’ve helped countless area residents obtain the financing they need to purchase their dream homes. To schedule an appointment with one of our friendly and knowledgeable mortgage brokers, give us a call at 855-553-4732 today!


Some information about Shelter Island, NY

Shelter Island is a town and island at the eastern end of Long Island in the U.S. state of New York. It is part of Suffolk County, although it is separated from the rest of the county by water. The population was 2,392 at the 2010 census.

The island was long inhabited by indigenous peoples, related to those who lived north of Long Island Sound. At the time of European encounter, it was occupied by the Manhanset tribe, an Algonquian-speaking people related to the Pequot and other Algonquians of New England. The original name of the island, used by the Manhanset Indians, is Manhansack-aha-quash-awamock, which literally translates to ‘Island sheltered by islands.’

Shelter Island was included in the original Plymouth Company land grant made by James I of England in 1620. On April 22, 1636, Charles I of England, told that the colony had not made any settlements yet on Long Island, gave the island to William Alexander, 1st Earl of Stirling. The grant gave Alexander all of Long Island and adjacent islands. Alexander gave James Farret power to act as his agent and attorney in colonizing Long Island. In reward Farret was allowed to choose 12,000 acres (49 km2) for his personal use. Farret chose Shelter Island and Robin’s Island for his use. Farret in turn sold the islands to Stephen Goodyear, one of the founders of the New Haven Colony.

In 1651 Goodyear sold the island to a group of Barbados sugar merchants for 1,600 pounds of sugar. Nathaniel Sylvester (1610–1680), one of the merchants, was the island’s first white settler. He was among a number of English merchants who had lived and worked in Rotterdam (where he was born) before going to Barbados. His connections there and with the Netherlands helped him establish a far-flung trading enterprise. On March 23, 1652, he made the purchase official by agreement with Youghco (called Poggatticut), the sachem of the Manhanset tribe. The other owners, Sylvester’s brother Constant, and Thomas Middleton, never came to Long Island. In 1673 Nathaniel Sylvester claimed ownership of Shelter Island, Fishers Island, and other parts of Long Island. By that time the Manhansett had declined in number and power.

Learn more about Shelter Island.

Directions from Shelter Island, NY to Jet Direct Mortgage

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