Selecting the right mortgage plan is one of the most important decisions in your home-buying journey. Brandon Brotsky at Reach Home Loans is here to guide you through the process and ensure you select the best mortgage plan for your specific needs in Florida.

• Evaluate Your Financial Situation: Brandon will begin by evaluating your current financial standing, including your credit score, income, savings, and debt-to-income ratio. This will help determine the loan products you qualify for and which loan options will offer the most favorable terms for your financial situation.
• Identify Your Homeownership Goals: Whether you’re a first-time homebuyer, purchasing an investment property, or refinancing, Brandon will help you choose between a fixed-rate mortgage for long-term stability or an adjustable-rate mortgage (ARM) for lower initial payments, especially if you plan to move or refinance within a few years.
• Compare Loan Products: Reach Home Loans offers a range of mortgage options, including conventional loans, FHA loans, VA loans, and jumbo loans. Brandon will help you compare the benefits and drawbacks of each option. FHA loans are great for first-time homebuyers with smaller down payments, while jumbo loans are designed for high-value homes.
• Select the Right Loan Term: The loan term you choose will impact your monthly payments and total interest over the life of the loan. A 15-year mortgage can help you pay off your loan faster and save on interest, while a 30-year mortgage offers lower monthly payments but higher overall interest. Brandon will help you decide on the best option based on your financial goals.
• Account for Additional Costs: Beyond your mortgage payments, other costs like property taxes, homeowner’s insurance, and private mortgage insurance (PMI) may apply. Brandon will ensure you are fully aware of these additional costs so you can make an informed decision.

For personalized advice on selecting the best mortgage plan, contact Brandon Brotsky at (954) 478-8366.

Improving your credit score can make a significant difference in the mortgage terms you receive. Brandon Brotsky at Reach Home Loans can guide you through the steps to improve your credit score before applying for a mortgage.

1. Review Your Credit Report
   The first step is to review your credit report from all three major credit bureaus—Equifax, Experian, and TransUnion. Brandon can help you check for inaccuracies, such as incorrect account information or outdated balances, and guide you on how to dispute these errors.
2. Dispute Credit Report Errors
   If you find any errors on your credit report, disputing them is essential. Brandon will help you through the process of filing disputes to ensure your credit report accurately reflects your financial situation.
3. Pay Down Outstanding Debt
   One of the most effective ways to improve your credit score is to reduce your debt. Lenders look at your credit utilization ratio—the amount of credit you’re using compared to your credit limit. Keeping this ratio below 30% is ideal. Brandon can assist you in creating a plan to pay down your debts and improve your credit score.
4. Avoid New Credit Applications
   Applying for new credit before applying for a mortgage can negatively affect your credit score. Each inquiry can reduce your score slightly, and new credit adds to your debt-to-income ratio. Brandon recommends avoiding new credit applications for at least six months before applying for a mortgage.
5. Make On-Time Payments
   Your payment history is a significant factor in determining your credit score. Ensure that all your bills, including credit cards, loans, and utilities, are paid on time. Setting up automatic payments or reminders can help avoid missed payments. Brandon will guide you on maintaining a consistent payment history to improve your credit.
6. Resolve Negative Items on Your Credit Report
   If you have negative items like late payments or collections on your credit report, resolving these is critical. Brandon will work with you to develop a plan to settle any outstanding debts, which may improve your credit score over time.

By following these steps, you can improve your credit score and qualify for better mortgage terms. For personalized advice, contact Brandon Brotsky at (954) 478-8366.

Yes, whether you’re looking to refinance or purchase a home, Brandon Brotsky at Reach Home Loans can help you navigate the mortgage process and find the best solution for your needs.

Home Purchase with Brandon Brotsky at Reach Home Loans

• Pre-Qualification and Pre-Approval: The first step in purchasing a home is getting pre-qualified or pre-approved for a mortgage. Pre-qualification gives you an estimate of how much you can afford, while pre-approval is a more in-depth review of your finances, making your offer stronger. Brandon will guide you through both processes.
• Choosing the Right Loan Product: Reach Home Loans offers a wide range of mortgage products, including FHA loans, VA loans, conventional loans, and jumbo loans. Depending on your financial situation, Brandon will help you determine the best loan product for your needs.
• Securing a Competitive Interest Rate: Interest rates can significantly impact your mortgage payment. Brandon will help you secure the most competitive rate possible, ensuring that your mortgage payments are affordable throughout the loan term.
• Personalized Guidance: From application to closing, Brandon provides personalized support to make sure your homebuying experience goes smoothly. He’ll walk you through every step to ensure you feel confident and informed.

Refinancing with Brandon Brotsky at Reach Home Loans

• Lower Your Interest Rate: Refinancing your mortgage can lower your interest rate, reducing your monthly payments. Brandon will review your current loan terms to help determine if refinancing is the right option for you.
• Cash-Out Refinancing: If you’ve built equity in your home, cash-out refinancing allows you to borrow against your home’s value for large expenses such as home improvements or debt consolidation. Brandon will help you assess whether this option aligns with your financial goals.
• Shorten Your Loan Term: Refinancing also provides an opportunity to shorten your loan term. While your monthly payments may increase, you’ll pay less interest over time. Brandon will help you decide if shortening your loan term is a good fit for your financial plans.

For assistance with refinancing or purchasing a home, contact Brandon Brotsky at (954) 478-8366 to explore your options.

When applying for a mortgage with Brandon Brotsky at Reach Home Loans, 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: You’ll need to provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: You’ll need to submit your most recent pay stubs, typically covering the past 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 last two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, will be required to confirm your identity.
  • Social Security Number: Your Social Security Number will be used to pull your credit report.
• Credit History:
  • Credit Report: Brandon 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 card balances, student loans, or auto loans, to help calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: You’ll need to provide bank statements from the last two months to verify available funds for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you’re using funds from a 401(k) or other investment accounts, you’ll need to provide statements showing the balances.
• Proof of Employment:
  • Verification of Employment: Brandon may need to contact your employer to verify your employment status. If you’re self-employed, you may need to provide business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the type of loan, additional documentation may be required:

• Conventional Loans: Typically require more comprehensive documentation of income and assets.
• FHA Loans: FHA loans may require additional documentation to prove eligibility, especially for borrowers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans require documentation proving that the property meets rural development guidelines.

By gathering these documents ahead of time, you’ll ensure a smooth mortgage application process with Brandon Brotsky at Reach Home Loans. For more information or to begin your application, contact Brandon at (954) 478-8366.