Kris Brewer, Mortgage Loan Originator NMLS #2121953

Kris Brewer, Mortgage Loan Originator NMLS #2121953 OneTrust Home Loans, NMLS # 46375
Branch NMLS #2472100
(888) 488-3807
Equal Opportunity Lender

1351 Stoneridge Dr, Suite C
Bozeman, MT 59718

(406) 539-3760

People often get confused about earnest money, especially how it's different from a down payment or closing costs. So, w...
09/24/2026

People often get confused about earnest money, especially how it's different from a down payment or closing costs. So, what exactly is it?

Earnest money is generally a deposit that demonstrates a buyer's intent to move forward with a home purchase after an offer is accepted.

The amount, timing, handling of the funds, and circumstances under which the deposit may be refundable are typically outlined in the purchase contract and can vary by transaction and local practices. If the purchase moves forward, earnest money is generally applied toward the buyer's funds due at closing according to the terms of the transaction.

One question I often get from buyers considering building is, "How does the construction loan timeline actually work?"Fi...
09/22/2026

One question I often get from buyers considering building is, "How does the construction loan timeline actually work?"

Financing a home that hasn't been built yet involves a few more stages than financing an existing property.

The process may include reviewing the borrower and builder, finalizing plans and specifications, establishing the construction budget, completing an appraisal, closing the loan, and then moving into construction. During the build, funds are typically released through a draw process as work progresses and applicable requirements are met.

Exact steps and timelines can vary depending on the project, builder, loan structure, and lender. Working with an experienced construction lender can help you understand what to expect at each stage and how the financing fits into the overall building timeline.

When planning to buy a home, people often focus on one number: the down payment. But that's not the only expense worth p...
09/17/2026

When planning to buy a home, people often focus on one number: the down payment. But that's not the only expense worth planning for.

Depending on the transaction and loan program, buyers may also need to budget for closing costs, prepaid expenses such as homeowners insurance and property taxes, an appraisal, inspections, and other costs associated with the purchase.

The exact amount needed can vary based on the home, loan program, location, and individual transaction.

That's why it's helpful to look at the full financial picture early. Even if you're not ready to buy yet, I'm happy to help you understand what expenses you may want to prepare for so you can start planning ahead.

Finding the perfect homesite can be exciting, but purchasing land before understanding the financing options may create ...
09/15/2026

Finding the perfect homesite can be exciting, but purchasing land before understanding the financing options may create challenges later in the building process.

Lot cost, site improvements, construction budget, property characteristics, and the planned home can all factor into how a project is financed. Talking with an experienced construction lender early can help buyers understand how the land purchase may fit into the overall construction financing strategy.

Some buyers may finance the lot and construction together, while others may purchase land first and build later. The right approach depends on the project, timeline, loan program, and individual financial situation.

Before committing to a homesite, understanding the financing side can help create a stronger foundation for the entire build.

Prequalification and preapproval are often used interchangeably, but they can represent different levels of financial re...
09/10/2026

Prequalification and preapproval are often used interchangeably, but they can represent different levels of financial review.

Prequalification may provide an early estimate of potential financing based on information provided by the buyer. Preapproval generally involves a more detailed review of financial information and supporting documentation by the lender.

Both can be helpful, but understanding the difference can help buyers know where they stand and what steps may still be needed before making an offer.

Because lender processes can vary, speaking with a loan officer early can help buyers understand what type of review has been completed and how prepared they may be to move forward when the right home comes along.

Once a home is under contract, an appraisal becomes an important part of the mortgage process.The appraisal provides an ...
09/08/2026

Once a home is under contract, an appraisal becomes an important part of the mortgage process.

The appraisal provides an independent opinion of the property's value and helps the lender evaluate the home being used as collateral for the loan. The appraiser considers factors such as the property's characteristics, condition, location, and comparable recent sales.

An appraisal is different from a home inspection. The appraisal focuses primarily on value and applicable property requirements, while an inspection is generally intended to help the buyer understand the home's condition.

Knowing where the appraisal fits into the process can help buyers better understand what is happening between an accepted offer and closing day.

Buying power is about more than just income. Factors like credit history, monthly debt, available down payment, loan pro...
09/03/2026

Buying power is about more than just income. Factors like credit history, monthly debt, available down payment, loan program, and current interest rates can all play a role in determining how much home may fit comfortably within a buyer's budget.

Understanding buying power early in the homebuying process can help set realistic expectations, narrow the home search, and make it easier to move forward when the right opportunity comes along.

Whether you're just starting to think about buying or actively planning your next move, I'm happy to answer questions and help you better understand your home financing options.

Building a home is an exciting opportunity, and asking the right questions early can help set expectations for the entir...
09/01/2026

Building a home is an exciting opportunity, and asking the right questions early can help set expectations for the entire project. Topics such as construction financing, builder timelines, customization options, project costs, and the overall building process are all worth discussing before construction begins.

Having these conversations early can help buyers make informed decisions and feel more confident throughout the building journey.

I'm happy to answer questions, explain construction financing options, and help you prepare for the homebuilding process.

A reverse mortgage is designed for eligible homeowners age 62 and older and allows borrowers to access a portion of thei...
08/27/2026

A reverse mortgage is designed for eligible homeowners age 62 and older and allows borrowers to access a portion of their home equity while continuing to live in the home as their primary residence.

Unlike a traditional mortgage, a reverse mortgage does not require monthly principal and interest payments as long as loan obligations continue to be met. Borrowers remain responsible for property taxes, insurance, and upkeep. Depending on individual needs, reverse mortgage proceeds may be received as a lump sum, line of credit, monthly payments, or a combination of options.

Every homeowner's financial situation and retirement goals are different. Taking time to understand how the program works, review available options, and answer questions can help determine whether a reverse mortgage may fit into an overall retirement strategy.

I'm happy to walk through the available options and help determine the approach that best aligns with your goals.

The homebuying journey often begins well before visiting open houses or scheduling showings. Taking time to review finan...
08/25/2026

The homebuying journey often begins well before visiting open houses or scheduling showings. Taking time to review finances, understand available loan programs, estimate a comfortable budget, and explore pre-approval options can help buyers feel more confident when it's time to begin the search.

Starting with a solid financial plan may also help reduce surprises later in the process and make decisions easier once the right home comes along.

Whether buying is months away or just beginning to feel like a possibility, I'm happy to answer questions and help explain the home financing process.

Address

1351 Stoneridge Drive, Suite C
Bozeman, MT
59718

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 5pm
Thursday 9am - 6pm
Friday 9am - 6pm

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