Choosing the best mortgage plan can be a complex process, especially with the many options available. Sasha Loyd at Guaranteed Rate is here to guide you through the steps to ensure you select a mortgage plan that fits your financial needs and homeownership goals in Alaska. Here’s how Sasha can help:

• Assess Your Financial Situation: Sasha begins by evaluating your financial status, including your income, credit score, and debt-to-income ratio. These factors are key in determining which mortgage options are available to you and which plans offer the most favorable terms. For example, a higher credit score and steady income can open doors to lower interest rates and better loan terms.
• Understand Your Homeownership Goals: Whether you’re a first-time homebuyer, looking to refinance, or investing in a second home, Sasha will take the time to understand your specific goals. If long-term stability is your priority, a fixed-rate mortgage may be best suited for you, offering consistent payments over the life of the loan. On the other hand, if you plan to sell or move in a few years, an adjustable-rate mortgage (ARM) with lower initial rates might be a better option.
• Compare Mortgage Products: Sasha provides in-depth comparisons of various mortgage products, such as FHA loans, VA loans, USDA loans, and conventional loans. She will explain the benefits of each, such as the low down payment requirements of FHA loans, the no-down-payment benefit of VA loans for veterans, and the USDA loan option for rural properties. Understanding the advantages and drawbacks of these products helps you make an informed decision.
• Evaluate Loan Terms and Interest Rates: The length of your loan term and the interest rate you secure are critical to your financial strategy. Sasha will help you determine whether a shorter-term loan, which has higher monthly payments but less overall interest, or a longer-term loan, with lower payments but more interest over time, is the right fit for your financial situation.
• Consider Additional Costs: Beyond the mortgage payment, there are additional costs to factor in, such as closing costs, property taxes, homeowner’s insurance, and potentially private mortgage insurance (PMI). Sasha ensures that you’re fully aware of all the associated costs so that you can budget effectively and avoid unexpected surprises.
• Personalized Mortgage Guidance: At Guaranteed Rate, Sasha takes a personalized approach to help you find the mortgage plan that works best for your specific needs. She carefully tailors her advice based on your financial situation, ensuring that you make a decision that supports both your immediate and long-term financial goals.

By working with Sasha Loyd at Guaranteed Rate, you can confidently select the best mortgage plan for your needs in Alaska, knowing that you are receiving expert guidance and support every step of the way. Contact Sasha at (907) 205-5029 for more personalized advice today.

Improving your credit score before applying for a mortgage can significantly enhance your chances of securing lower interest rates and better loan terms. Sasha Loyd at Guaranteed Rate understands how important a strong credit score is and recommends the following steps to help you boost your score before applying for a mortgage. Leveraging resources like Middle Credit Score® can further support your efforts:

1. Review Your Credit Report
   Start by reviewing your credit report for any errors or inaccuracies that may be dragging down your score. Common mistakes such as outdated account balances or misreported credit limits can have a negative impact on your credit score. Middle Credit Score® provides tools to help you review your report and identify any discrepancies that need to be corrected.
2. Dispute Inaccurate Information
   If errors are found, it’s important to dispute them with the credit bureaus—Equifax, Experian, and TransUnion. Middle Credit Score® can guide you through the dispute process, ensuring that inaccuracies are corrected quickly, which can lead to an improvement in your score.
3. Pay Down Outstanding Debts
   A major factor in your credit score is your debt-to-income ratio. Sasha recommends paying down high-interest credit card debt and reducing other outstanding balances. Middle Credit Score® can help you develop a strategy to keep your credit utilization below 30%, which is ideal for maximizing your credit score.
4. Avoid Opening New Credit Accounts
   Opening new lines of credit can temporarily lower your score, so it’s best to avoid applying for new credit cards or loans before your mortgage application. Middle Credit Score® advises holding off on any new credit inquiries for at least a few months prior to applying for a mortgage to keep your score intact.
5. Make Timely Payments
   Your payment history makes up a large portion of your credit score. Ensure that all bills—credit cards, student loans, utilities—are paid on time to avoid late payments, which can lower your score. Setting up automatic payments or payment reminders can help ensure you stay on track. Middle Credit Score® offers tools to manage payments effectively, strengthening your payment history over time.
6. Address Negative Items on Your Credit Report
   If your credit report contains negative items like late payments or collections, it’s important to address them before applying for a mortgage. Middle Credit Score® can assist in negotiating with creditors to resolve these outstanding debts, potentially leading to the removal of negative items and improving your credit score.
7. Work with Credit Experts
   For more complex credit challenges like identity theft or bankruptcy, professional credit counseling might be necessary. Middle Credit Score® offers expert guidance to help you rebuild your credit and prepare for mortgage readiness.

By following these steps and using Middle Credit Score®, you can enhance your credit score and improve your chances of qualifying for better mortgage terms with Sasha Loyd at Guaranteed Rate. Contact Sasha at (907) 205-5029 for personalized credit improvement strategies today.

If you’re looking to refinance your mortgage or purchase a new home, Sasha Loyd at Guaranteed Rate can guide you through both processes, helping you find the best solution for your financial situation. Whether you’re a first-time homebuyer or looking to improve the terms of your current mortgage, Sasha can help you make informed decisions.

Home Purchase with Sasha Loyd at Guaranteed Rate

• Pre-Qualification and Pre-Approval: Before purchasing a home, it’s important to get pre-qualified or pre-approved for a mortgage. Sasha will review your financial profile, including your income, credit score, and debt-to-income ratio, to determine how much you can afford to borrow. A pre-approval letter will also demonstrate to sellers that you are a serious buyer, strengthening your position in a competitive market.
• Choosing the Right Loan Program: Sasha offers a variety of mortgage products, including conventional loans, FHA loans, VA loans, and USDA loans. She will help you explore these options and explain the advantages and disadvantages of each program to ensure you choose the loan that best fits your homeownership goals.
• Competitive Interest Rates: Securing a competitive interest rate is key to making your mortgage more affordable. Sasha closely monitors market trends to help you lock in the best possible rate, saving you money over the life of the loan.
• Guidance Throughout the Process: Sasha provides personalized guidance throughout the entire home-buying process, from initial application to closing. She ensures that you understand each step, feel confident in your decisions, and avoid common pitfalls.

Refinancing with Sasha Loyd at Guaranteed Rate

• Lower Your Interest Rate: Refinancing your mortgage can help you take advantage of lower interest rates, which can reduce your monthly payments and save you money over time.
• Cash-Out Refinancing: If you need to access the equity in your home for major expenses such as home improvements or debt consolidation, Sasha can help you explore cash-out refinancing options, allowing you to refinance your existing mortgage and take out additional funds based on your home’s equity.
• Shorten Your Loan Term: Refinancing can also allow you to shorten the term of your mortgage, helping you pay off your home faster and reducing the overall interest you pay over time.

Whether you’re purchasing a home or refinancing your current mortgage, Sasha Loyd at Guaranteed Rate is ready to help you achieve your homeownership or refinancing goals. Contact Sasha at (907) 205-5029 today to explore your options.

To begin your mortgage application with Sasha Loyd at Guaranteed Rate, having the necessary documents ready will ensure a smooth and efficient process. Here’s a list of the general documents you will need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit recent pay stubs (typically covering at least 30 days) to confirm your current earnings.
  • Tax Returns: If you’re self-employed, you will need to submit federal tax returns from the last two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required.
  • Social Security Number: This will be used to verify your identity and pull your credit report.
• Credit History:
  • Credit Report: Sasha will review your credit report to assess your eligibility for a mortgage.
  • Debt Information: You will need to provide documentation of any outstanding debts (such as credit cards, student loans, or auto loans) to calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Provide bank statements from the last two months to verify your financial reserves for a down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a retirement or investment account, provide statements showing the current balances.
• Proof of Employment:
  • Verification of Employment: In some cases, Sasha may contact your employer to verify your employment status. If you are self-employed, you will need to provide business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the loan program you are applying for, additional documents may be required:

• Conventional Loans: These typically require more extensive documentation of income and assets.
• FHA Loans: Designed for borrowers with lower credit scores, these loans may require additional documentation to prove eligibility.
• VA Loans: Veterans and active-duty military members will need a Certificate of Eligibility (COE) and, in some cases, military discharge papers.
• USDA Loans: These loans require proof that the property meets USDA guidelines for rural areas.

By preparing these documents ahead of time, you’ll ensure a smooth and efficient mortgage application process with Sasha Loyd at Guaranteed Rate. For more details, contact Sasha at (907) 205-5029 today.