Yulia Brown Supreme Lending NMLS: 1467981 @ Supreme Lending NMLS: 2129: As a successful LO at Supreme Lending, I have a proven track record of driving business growth and fostering valuable client relationships. Believe you can and you will. For licensing information, go to www.nmlsconsumeraccess.org | www.rate.com/licensing
https://www.zillow.com/lender-profile/Yulia%20brown/
Thank you for st
opping by on my page! Please, allow me to say a few words about myself and what I do:
I am blessed with great mentors in my life who shaped me up into a professional I am today. I am looking forward to applying my knowledge and expertise to negotiate the best possible deals for you. Real Estate is a vast part of my life. I have a rather diverse professional background, but I get most satisfaction and pleasure helping people to become homeowners. Perhaps, this is why Mortgage business is where I feel most comfortable. Knowing that I was able to help someone to achieve their dream of a homeownership is the most rewarding feeling in the world. My company provides us with tools and technology to make sure we are equipped for success. Therefore, by working with me - you are in great hands, and I will make sure that you are well taken care of. If you have any questions, please, call me, email, text, or we will arrange a meeting in person. I am here for you, and I have your best interests in mind as my client. I will do all I can to negotiate the best deal possible for you! https://www.zillow.com/lender-profile/Yulia%20brown/
Mortgage Terminology:
Amortization – In the early years of an amortized loan, almost all of the payment is applied toward interest, while
in the last years of the loan, almost all of the payment is applied to reduce the principal. Closing Costs and Prepaids – Costs paid in addition to the down payment on the closing day. These items can include
attorney fees, loan origination fee, loan discount point, application fee, appraisal fee, credit report, document
preparation, escrow fee, survey and recording fees, tax escrow, hazard insurance, flood zone certification, two
months of private mortgage insurance (if down payment is less than 20%) and sometimes the entire first year’s
private mortgage insurance premium. Typically, the appraisal and credit report fees are paid at application. Down Payment – The difference between the mortgage and the lower of the purchase price or appraisal. The
minimum down payment is 3.5% on most loans. Private mortgage insurance is required for a down payment less
than 20%. Earnest Money – Deposit money given to the seller by the potential buyer to show that he is serious about buying
the house. If the deal goes through, the earnest money is applied to the down payment. If the deal does not go
through, it may be forfeited. Equity – The difference between a home’s fair market value and the loan amount, and/or encumbrances (such as
liens or claims) against it. Good Faith Estimate – An estimate of all closing costs including pre-paid and escrow items as well as lender
charges; must be given to the borrower within three business days after the loan application submission date. (No longer in existence. Loan Estimate is in place these days and new rules are in effect). Loan Closing (Consummation) – The meeting of the buyer, seller, and lender, at which the property and funds legally change hands. This transaction typically takes place at a title company. Market Rate – An estimate of the average interest rate being charged by lenders for conventional Federal National
Mortgage Association (Fannie Mae), or Federal Housing Administration (FHA)/US Department of Veterans Affairs
(VA) loans. Origination Fee – The origination fee is what the lender charges for establishing the loan. It is included in the
closing costs and may be financed. Points or Discount Points – A point or discount point is 1% of the loan amount and is charged by the lender to
issue a loan at below-market rates. Qualifying – A buyer usually must qualify for a loan. Usually, the monthly payment cannot be more than 25% to
28% of the buyer’s gross monthly income and all the buyer’s monthly debt cannot total more than 33% to 36% of
his/her monthly income. Some leeway may be granted based upon prior credit history, down payment, job history,
etc. Title – An instrument that shows the buyer has a clear ownership of the property. A loan does not usually close until
the title company has assured the lender that there are no hidden problems with a title to a piece of property. Title Insurance – A policy required by the lender and paid for by the borrower that will insure the lender clear title
against future claims. Borrowers may also purchase title insurance to protect their equity. As a licensed mortgage originator, I am dedicated to helping you achieve your dream of home ownership while keeping you informed throughout the mortgage process. Let Yulia Brown help you to your new home. A mortgage professional with broad knowledge and expertise extending to all aspects of financial well-being, as well as the adversity that many consumers face – and the solutions available to all Americans and resident of the U.S.. Yulia Brown has a Paralegal, International Management B.S. degree acquired in Russian-American College, Omsk, Russia, and additional training received in the USA (Phi Theta Kappa member). Yulia was a licensed Realtor® prior to transitioning into Mortgage industry, giving the knowledge and experience to help you through the loan process, find the terms that are right for your budget, and make sure all the legalities are competently handled so that the closing goes smoothly and you can take possession of your new property. Whether you’re a first-time home buyer, looking to trade up, deciding to downsize, or simply wishing for a change, Yulia Brown can help you before you ever make an offer on a property. She can sit down with you and look over your budget, income and savings, helping you get a clear picture of what type and amount of loan is realistic. There are many factors to consider when getting a home loan; interest rates are only one element of the complete package. Yulia will help you consider all your options and educate you on the process so you can concentrate on making the best decision for your needs. The financial aspects of home buying can be stressful and overwhelming—but they don’t have to be, not with a trained and caring professional like Yulia Brown in your corner. Contact Yulia today at 214-802-7399 and let’s get started making your home-ownership dream come true.
