| Direct : (734) 604-2405 |
John Adams Mortgage Company is Michigan's leading real estate affiliated mortgage company.
Founded in 1971, John Adams Mortgage Company has grown to over 20 locations throughout
southeast Michigan. We are teamed with numerous lending partners throughout the country.
This enables John Adams to provide you with tremendous product flexibility and attractive
rates. Because our corporate culture embraces excellence, we are able to provide you with
outstanding personal service. While others are just competing to meet your needs, our mission
is to excel above your expectations. At John Adams Mortgage Company; We have your best
interest in mind" Contact Diane Kopriva branch manger today to set an appointment.
Founded in 1971, John Adams Mortgage Company has grown to over 20 locations throughout
southeast Michigan. We are teamed with numerous lending partners throughout the country.
This enables John Adams to provide you with tremendous product flexibility and attractive
rates. Because our corporate culture embraces excellence, we are able to provide you with
outstanding personal service. While others are just competing to meet your needs, our mission
is to excel above your expectations. At John Adams Mortgage Company; We have your best
interest in mind" Contact Diane Kopriva branch manger today to set an appointment.
Conventional
Conventional loans are mortgages that are not covered by any government program of insurance or guarantee. Such loans may be eligible for purchase
by the major secondary market agencies Fannie Mae and Freddie Mac which offer standardized underwriting guidelines for conforming loan amounts up
to $417,000. These loans can carry fixed or variable (ARM) rates and a variety of repayment terms that can be tailored to your individual needs. Down
payment requirements may be as little as 5%, although loans with less than 20% down require mortgage insurance. Generally, these loans do not have
prepayment penalties.
FHA
FHA loans are ideal for first-time home buyers and those low- to moderate-income borrowers. Loans are insured by the Federal Housing Administration.
Down payments may be as little as 3% and the loans are assumable with release of liability to the original borrower. Each area of the country has a
designated maximum loan amount as determined by the Department of Housing and Urban Development (HUD). These loans can also be fixed or
adjustable rate.
VA
Available to individuals who have served or are currently in the U.S. Armed forces that meet eligibility requirements, VA mortgages may be provided with
no down payment requirement, making them ideal for first-time borrowers. Loan amounts may be as much as $417,000 with full entitlement. Loans are
assumable with release of liability and there are no penalties for prepayment.
Adjustable Rate Mortgage
Available on FHA, VA and Conventional Loans.
An Adjustable Rate Mortgage (ARM) features a variable interest rate which is periodically adjusted.
ARMs may provide the security, flexibility and affordability prospective home buyers desire. These loans are especially attractive to home buyers who
plan to trade up in future years. Generally, initial interest rates are lower than on fixed rate mortgages.
Non-Conforming Jumbo
If the anticipated amount of your mortgage loan exceeds the maximum amounts permitted by other programs, John Adams Mortgage Company offers a
variety of mortgage options which will meet your needs. So-called non-conforming jumbo loans may be up to $2.0 million and can be either fixed or
adjustable rate mortgages. Underwriting guidelines may vary depending on program selected, down payment and actual loan amount. Repayment
options also vary, enabling you to select a mortgage that fits your budget
Bridge Loan
John Adam's bridge loans are designed to afford qualified buyers a convenient avenue for realizing the equity from their primary residence for the sole
purpose of purchasing a new home. The maximum LTV is 80% of the home’s value for purchasers who finance their end mortgage on a conforming
product or purchase their new home with cash.
Conventional loans are mortgages that are not covered by any government program of insurance or guarantee. Such loans may be eligible for purchase
by the major secondary market agencies Fannie Mae and Freddie Mac which offer standardized underwriting guidelines for conforming loan amounts up
to $417,000. These loans can carry fixed or variable (ARM) rates and a variety of repayment terms that can be tailored to your individual needs. Down
payment requirements may be as little as 5%, although loans with less than 20% down require mortgage insurance. Generally, these loans do not have
prepayment penalties.
FHA
FHA loans are ideal for first-time home buyers and those low- to moderate-income borrowers. Loans are insured by the Federal Housing Administration.
Down payments may be as little as 3% and the loans are assumable with release of liability to the original borrower. Each area of the country has a
designated maximum loan amount as determined by the Department of Housing and Urban Development (HUD). These loans can also be fixed or
adjustable rate.
VA
Available to individuals who have served or are currently in the U.S. Armed forces that meet eligibility requirements, VA mortgages may be provided with
no down payment requirement, making them ideal for first-time borrowers. Loan amounts may be as much as $417,000 with full entitlement. Loans are
assumable with release of liability and there are no penalties for prepayment.
Adjustable Rate Mortgage
Available on FHA, VA and Conventional Loans.
An Adjustable Rate Mortgage (ARM) features a variable interest rate which is periodically adjusted.
ARMs may provide the security, flexibility and affordability prospective home buyers desire. These loans are especially attractive to home buyers who
plan to trade up in future years. Generally, initial interest rates are lower than on fixed rate mortgages.
Non-Conforming Jumbo
If the anticipated amount of your mortgage loan exceeds the maximum amounts permitted by other programs, John Adams Mortgage Company offers a
variety of mortgage options which will meet your needs. So-called non-conforming jumbo loans may be up to $2.0 million and can be either fixed or
adjustable rate mortgages. Underwriting guidelines may vary depending on program selected, down payment and actual loan amount. Repayment
options also vary, enabling you to select a mortgage that fits your budget
Bridge Loan
John Adam's bridge loans are designed to afford qualified buyers a convenient avenue for realizing the equity from their primary residence for the sole
purpose of purchasing a new home. The maximum LTV is 80% of the home’s value for purchasers who finance their end mortgage on a conforming
product or purchase their new home with cash.
About
| Loan Programs |
| Diane Kopriva |
| Why get pre-approved? |
Before you begin to shop for a new home, you should set up a time to meet with Diane Kopriva
so she can figure out how much you can afford. This will put you in a better position as a
buyer. Thats when it is important to understand the distinction between being pre-qualified for
a loan and pre-approved for a loan. The difference between the two terms will be crucial when
you decide to make an offer to buy a home.
To get pre-qualified for a loan, Diane will collect information about your debt, income, and
assets. Diane will look at your credit profile and assess goals for a down payment and get an
idea of different loan programs that would work for you. Diane will issue you a pre-qualification
letter indicating the amount you are pre-qualified to borrow.
It is important to understand that a pre-qualification letter is just an estimate of what you are
eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you
competitive advantage when the time comes to put an offer on a home because you have
been approved for a loan for a specified amount.
To get pre-approved, you will complete a mortgage application and provide Diane with various
information verifying your employment, assets and financial status such as W-2 forms, bank
records and credit card statements. Diane will review your mortgage options and submit your
application to the lender that best meets your needs. Once the application process is complete
you will receive a pre-approval letter indicating the amount your lender is willing to lend you for
your home.
A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you
wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose
your job), interest rates rise or a specified expiration date passes, Diane must review your
situation and recalculate your mortgage amount accordingl
so she can figure out how much you can afford. This will put you in a better position as a
buyer. Thats when it is important to understand the distinction between being pre-qualified for
a loan and pre-approved for a loan. The difference between the two terms will be crucial when
you decide to make an offer to buy a home.
To get pre-qualified for a loan, Diane will collect information about your debt, income, and
assets. Diane will look at your credit profile and assess goals for a down payment and get an
idea of different loan programs that would work for you. Diane will issue you a pre-qualification
letter indicating the amount you are pre-qualified to borrow.
It is important to understand that a pre-qualification letter is just an estimate of what you are
eligible to borrow, not a commitment to lend. Getting pre-approved for a loan gives you
competitive advantage when the time comes to put an offer on a home because you have
been approved for a loan for a specified amount.
To get pre-approved, you will complete a mortgage application and provide Diane with various
information verifying your employment, assets and financial status such as W-2 forms, bank
records and credit card statements. Diane will review your mortgage options and submit your
application to the lender that best meets your needs. Once the application process is complete
you will receive a pre-approval letter indicating the amount your lender is willing to lend you for
your home.
A pre-approval letter is not binding on the lender; it is subject to an appraisal of the home you
wish to purchase and certain other conditions. If your financial situation changes (e.g. you lose
your job), interest rates rise or a specified expiration date passes, Diane must review your
situation and recalculate your mortgage amount accordingl
Mortgages With Diane Kopriva
| For Your Mortgage Solution Contact |
| Direct: (248) 830-1216 Office: (734) 953-7348 |
| Why choose Sam to represent you? I know how stressful moving can be. I feel that your largest purchase, your home, should be personal. That's the key word "Personal" When you trust me with your home you should expect personal service. If you have a question, you deserve an answer. I keep you informed! |
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