huron valley financial & melissa botsford homebuyer

Everything you need to know to

Make buying your home easy and affordable!

Huron Valley Financial &

Melissa Botsford

Homebuyer Presentation

Company NMLS: 130672

Senior Loan Officer NMLS: 162273

The Victor Bals Team of Huron Valley Financial

Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123

8702 N Second Street Brighton MI 48116 | www.HVFLoans.com“This is for informational purposes only and should not be relied upon by you. Remerica United Realty is not a mortgage lender. Contact Huron Valley Financial, Inc. directly

to learn more about its mortgage products and your eligibility for such products. NMLS #130672 This financing is designed to assist you in selecting the loan program that

most closely suits your budget. Financing is shown for comparison only. This is not an offer of credit or commitment to lend. Loans are subject to buyer/property

qualification. Rates/fees are subject to change without notice. Cash reserves may be required for some conventional loans.”

Melissa Degen-BotsfordDegen Botsford Real Estate Group

248-835-4860

[email protected]

https://nebula.wsimg.com/2c3bd5385bb82dd96d4157ea8a02e1ea?AccessKeyId=0CEFA501D39E48695F91&disposition=0&alloworigin=1


http://www.hvfloans.com/





mailto:[email protected]

http://degenbotsford.com/


Why Buy?

Potential tax deductions

Stable housing costs

Gain equity

You control your property




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Are You Ready to Buy?

Steady income

Pay bills on time

Low to medium debt

Down payment available

Ability to pay mortgage




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











What Type of Home?

Type of community

New home

Resale home

Fixer-upper

Features

# Bedrooms

# Bathrooms

Garage, etc.




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











How Much Can You Afford?

Housing costs < 29% of gross income

Housing costs & debt no more than 36% of gross income

Consider special loan programs




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Why Be Pre-Approved?

You know what you can afford before you begin to shop

Shows sellers you are serious about buying

Can make an offer as soon as you find the home you want




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Documents for Pre-Approval Pay stubs (1 month)

W-2 forms (2 years)

List of long term debt

Recent bank statements

Tax returns (2 years)

Proof of any additional income

Identification




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Which Mortgage is right for you?

Do you expect your finances to change?

Are you planning to live in the home for a long time?

Are you comfortable with your payment fluctuating?

Do you want to have your mortgage paid off by a certain time?




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Fixed Rate Mortgage

Payments remain the same

15 or 30 year repayment terms

Advantages: predictability & insurance against rising interest rates




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Adjustable Rate Mortgage

Payments increase/decrease on a regular schedule with interest rate changes

Increases are subject to limits

ARM linked to specific index or margin

Advantages include a low initial interest rate with lower monthly payments




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











15 VS 30 Year Term

30-Year – in first 23 years of loan more interest paid than principal affording larger potential tax deductions

15-Year – Loan is generally at a lower interest rate and equity is built faster because early payments pay more to principal.




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Special Programs Available

First time homebuyers

No down payments

Less than perfect credit

Heavy debt burden

Irregular income or self-employed




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











How A Realtor Can Protect You

Seller is represented by the listing Realtor

Listing Realtor is bound to protect and represent the seller

A buyer’s agent would be bound to protect and represent you (the buyer)




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Begin Looking For Homes

Compare to list of “must haves”

Imagine your furniture – will it fit?

What is the state of repair (or disrepair)?

Imagine it in all seasons

Ask your Realtor to point out the pros & cons




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











When You Find The Right Home

Determine amount you’re willing to offer

Decide how much earnest money you’ll put down




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Determining The Offer Amount

What are comparable homes selling for

What is the home’s condition

How long has the home been on the market

What are the financing terms

What is the seller’s situation

Rely on your Realtor for guidance

Be prepared to negotiate




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Earnest Money Deposit

Usually between 1-5% of the purchase price

If offer is accepted, earnest money becomes part of your down payment or closing costs

If offer is rejected, the money is returned to you

If you back out of the deal, you forfeit the money




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Making The Offer

Realtor assists you in making the offer: Legal description of property

Amount of earnest money

Down payment and financing details

Proposed closing date

Price you are offering

Length of time offer is valid

Details of the deal




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Home Inspection

Contract should be contingent upon it

Professional inspector evaluates safety and condition of the home

Includes structure, construction and mechanical systems




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Closing Costs Include Escrow fees Property taxes Interest Loan origination fee Recording fees Survey fee Appraisal Homeowners insurance Mortgage insurance (if applicable) Title insurance Loan discount points First payment to escrow account




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]







On Closing Day Present receipt of homeowner’s insurance

Closing agent will list money you owe seller and money seller owes you

Seller will provide proofs of any warranties or inspections

You’ll read documentation & sign on the dotted line

You’ll pay all closing costs and receive a settlement statement

The deed will then be recorded




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123






248-835-4860

[email protected]











Why Use Us!

Welcome to the Victor Bals Team of Huron Valley Financial! As you embark on

making a lender choice, my team would like to apply for the position as your

lender, and mortgage advisor. We would like you to understand who we are,

and what we do, to meet your and beat your expectations.

Our Team will provide:

Detailed credit analysis, loan options, and purchase offer strategies

Detailed closing costs, payment, and cash to close estimates on each

property

Detailed loan scenarios minimizing or eliminating PMI (mortgage

insurance)

Detailed purchase offer structuring, minimizing cash to close to utilize

post closing for moving expenses, improvements to the home and cash

reserves

Absolute World Class Communication to you and all involved during the

transaction

Personal attention and a lot of love! As mortgage guidelines have

increasingly become more difficult, our team will do the homework upfront

to eliminate obstacles, delivering a smooth and timely transaction,

exceeding your expectations and gaining your trust and respect as your

lender.




Cell:734-417-2115 | Office:810-224-5626 | Fax:810-224-5123

8702 N Second Street Brighton MI 48116 | www.HVFLoans.com“This is for informational purposes only and should not be relied upon by you. Keller Williams is not a mortgage lender. Contact Huron Valley Financial, Inc. directly to

learn more about its mortgage products and your eligibility for such products. NMLS #130672 This financing is designed to assist you in selecting the loan program that










My background as an Process Engineer enabled

me to live in Japan for 3 years as a Program

Manager. I met a wonderful woman, Maya, and she

became my wife in 1996. That is when we moved to

Livingston County. We have 3 beautiful children, all

engaged in soccer and focused on academics. We

live in Hartland and enjoy the pool, friends, and

family as well as traveling to Japan giving our

children a rich cultural experience. Maya chose a

stay at home career, so she may devote her time to

positive life developing disciplines for our children.

Victor Bals – Senior Loan Officer - Mgr.

My passion is structuring mortgage loans for the business of life. Utilizing

strategies that both focus both short term and long term financial goals

and objective of each and every client.

Many lenders just “Sell” the mortgage to the client, but often times miss

the key point of what the client would like to achieve. I like to not only look

at the mortgage, but also analyze credit, the reserve funds for future life

changes, the funding of college and look to where the client will be

positioned in their the retirement years.

My engineering approach to the mortgage structure and the mortgage

process allows my team to offer world class service in communications,

second to nobody. We also educate each client with several options and

complete understanding of how those options will benefit their future.

You have my personal devotion, with your best interest in mind. Please

review these testimonials of our past Clients,

and Realtors who regularly refer us business.





Superior Customer Service has always been my top priority. My mission

is providing the best lending experience to each and every client, in a

friendly, professional, informative, detailed and reliable manner with the

best world class communication in the industry!

My background includes a BBA Degree from Western Michigan

University, with a major in Marketing and a double minor in Business

Communications and Business Administration.

I have enjoyed living in the Brighton/Hartland community for over 20

years and I have three wonderful children. My eldest daughter, Erynn,

attends Western Michigan University; my second daughter, Emma, and

son, Danny, attend Hartland High School;

In my “spare time” I enjoy being a “Lacrosse Mom”, “Soccer Mom”,

“Basketball Mom”, and “Football Mom”, as well as an active member in

our school district, community, and church.

From start to finish I am involved in your loan working as your partner to

offer comfort, direction, and explanation of the mortgage process and

necessary steps. My role is crucial to keep you informed so your

mortgage experience is timely, smooth and a pleasant experience.

I have over 14 years’ experience in the mortgage

lending industry. I am a fully licensed Loan Officer

and I am also the Sr. Loan Processor for the Victor

Bals Team. Prior to joining the mortgage industry in

2000, I worked for Detroit Edison - DTE Energy for

10 years as a Senior Analyst in the Customer

Service Division.

Beth K. O’Hara – Senior Loan Processor





I have lived in Livingston County Michigan since

1979. I started in the Mortgage Business in 1996.

I was a Loan Officer in Brighton, Michigan and

earned National Loan Officer of the Year in 2001,

closing over 30 million in residential mortgage

loans. In 2002, I was promoted to Branch

Manager. In 2002 and 2003 my branch earned

National Branch of the Year, exceeding over 100

million dollars in loan volume.

Gary Halek – Team Manager

After the Mortgage Crisis of 2008 and closure of hundreds of mortgage

companies nationwide, I stepped out of the Mortgage Business. I

worked as a Server at a local restaurant and painted houses to provide

for my family.

As I re-entered the Mortgage Business in 2011, I found that the

mortgage guidelines had changed dramatically, tightening their grip on

qualifying a client. The mortgage process had become an exhausting

experience for the borrowers. I felt my Studies at Michigan State

University in Business Administration would be better served in a

Management role, to assure a smooth and timely process for the client.

I consider my position as Team Manager of the Victor Bals Team crucial

to customer satisfaction and the success of our team . My primary role

is to drive the process to specific timelines, and meeting or exceeding

the objectives of each of our customers. Communication is the key to a

smooth mortgage or home purchase process. To identify potential

pitfalls and develop resolution early in the process ensures a successful

outcome for all partners involved in the transaction.

“My goal is to guide you in achieving your goals”





Monica Miner-Marketing Director

My travels brought me back to Michigan as I am a true Michigander at heart! I

love the historic culture we are surrounded by throughout the mitten of

music, cars, architecture, and of course it’s natural beauty you cannot get

anywhere else!. Camping, hiking, live music, and pottery are some of my

hobbies I very much enjoy. I come from a big Irish family and couldn’t be

happier for the love and support I have been raised with to achieve all of my

professional and personal goals thus far. The sky is the limit and I have so

many goals and ambitions to look forward to!

I’m able to bring to the table, skills and experience needed to create the most

innovative and productive marketing techniques based on current trends.

With the team having me as a Marketing Director will allow the agents to focus

on the most important part of their job, PROSPECTING! I’m here to help grow

YOUR business!

I am very excited to introduce myself, Monica Miner as

the newest member to the Victor Bals team at Huron

Valley Financial. I have 7+ years in real estate; a BBA

from Eastern Michigan University with a concentration in

Management; and just completed a year of service with

the Americorps VISTA, working at the University of Idaho

as their Service-Learning Director. My experience as a

young professional has allowed me to learn the “old

school” and “new school” ways of the business.



