The Perfect

Home-Buying

Recipe

The three main ingredients to a perfect home-buying experience are: an exceptional realtor, a dedicated loan officer, and a motivated home-buyer.  If you’re committed to a smooth process, choose The Loan Chef, Theron Millar, as your loan officer.  Theron will work with you and your realtor to put together all the parts needed to get you the home of your dreams.

Servings Size:

Your Family

Ready In:

Less Than 30 Days

Good For:

Home Ownership

Buying A Home

Recipe For Success

By: Theron Millar, MBA

Buying a home is one of the most exciting and important decisions you will make in your lifetime. Having the right people on board during the home-buying process will help you achieve your goals in the most timely, efficient, and financially prudent manner possible. Whether you’re looking for information on finding/choosing the right agent, being ready for the loan application process, or picking the right loan product for your circumstances, Theron will work with you to insure that all of the ingredients come together to create a memorable home-buying experience.

Ingredients

  • Credit Score
  • Down Payment
  • D.T.I. (Debt-to-Income Ratio)
  • Qualifying Income
  • Work History 
  • Interest Rate
  • Loan Term
  • Cash Reserves
Suggestion to Speed the Loan Process

If you’re looking to speed up the process of qualifying for your home loan, below are some items to gather and have ready for The Loan Chef.

Pay Stubs (1 month)

W-2s (2 years)

Tax Returns (2 years)

Bank Statements (2 months)

Divorce Decree (if applicable)

Step-by-Step Instructions

Step 1

Make the decision to buy a house.  Next, determine the specific characteristics of the ideal house that will fit your family — for the next 3 to 10 years.  The more details you are sure about at the beginning of the process, the easier it will be for your realtor to help you find the perfect home.

Step 2

Once you have a general idea of the location, price range and down payment you may be considering, you’ll want to speak to a loan officer.  You’ll then be able to obtain expert advice on which loan product will work best for you, what your monthly payments will look like at various price points, and how to make it through the process of obtaining a loan while safely maneuvering around any potential road blocks.  It may sound somewhat obvious, but the more prepared you are for the home-buying process, the easier the steps ahead will be.  Call The Loan Chef, Theron Millar, at (801) 999-8275.

Step 3

The Loan Chef will customize your home ownership recipe according to your unique circumstances.  No need to go through the headache of figuring out financing on your own!

Step 4

Relax and enjoy the journey to owning your new home!  Helping people cross into the realm of home ownership is one of the most rewarding parts of Theron’s job, and he looks forward to helping you during this exciting time.

Step 5

On the month following the closing of your loan, bring your family and friends to a gourmet pancake breakfast hosted by The Loan Chef and Utah Mortgage Loan Corporation.  Visit the Menu page for a list of amazingly delicious pancake and syrup flavors!

Tips for Home-Buying Perfection

Tip #1:

Wait to make large purchases until after you are holding the keys to your new home.

Tip #2:

Make all monthly payments on time.

Tip #3:

Speak to your loan officer before tranferring large sums of money between accounts.

Tip #4:

Minimize cash and credit expenditures.

Tip #5:

Avoid opening or closing credit accounts in the months prior to obtaining your new home — unless directed by a trusted credit repair specialist.

Tip #6:

If at all possible, resolve credit-related issues before beginning the home-buying process.

Tip #7:

Have credit, income, or down-payment questions that are troubling you?  Don’t worry.  Theron can provide you with answers and help you figure out your best options.  Feel free to ask him any questions you may have.