Mortgage Company Stony Brook, 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 Stony Brook 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.
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:
- 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?
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.
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 Stony Brook, 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 Stony Brook, NY
Stony Brook is a hamlet and census-designated place (CDP) in the Town of Brookhaven in Suffolk County, New York, on the North Shore of Long Island. Begun in the colonial era as an agricultural enclave, the hamlet experienced growth first as a resort town and then to its current state as one of Long Island’s major tourist towns and centers of education. Despite being referred to as a village by residents and tourists alike, Stony Brook has never been legally incorporated by the state. The population was 13,740 at the 2010 census.
Stony Brook was first settled in the late 17th century. It was originally known by the native name Wopowog and then as Stoney Brook, with both names likely referring to the interconnected bodies of water at the hamlet’s western edge. It began as a satellite community of adjacent Setauket, New York, the Town of Brookhaven’s first settlement, and its land was included in the initial 1655 purchase from the native Setalcott tribe.
The Three Village Inn, housed in the c.1751 Richard Hallock home
A gristmill was built in 1699 on the water body now known as the Mill Pond. The current structure, which replaced the original in 1751, ground grain into the 1940s and has since been repurposed for public tours. For religious services and education, the hamlet’s original residents had to attend institutions in the neighboring communities of Setauket and St. James. In the latter half of the 18th century, activity began to shift from the mill area north toward the harbor as new residences, a number of which still stand, were constructed.
Stony Brook was a remote area through the 18th century aside for a modest amount of commerce near the mill at the intersection of Main Street and Harbor Road. The community’s development was stalled by its poorly accessible harbor relative to nearby Setauket and Port Jefferson. In the 1840s, local painter William Sidney Mount led a call for the harbor’s dredging. This was completed twice, but after the harbor filled in both times the effort was abandoned. Lacking the resources of its neighboring harbor settlements, Stony Brook based its economy on agriculture and the cordwood industry.