Katz Mortgage Team | Home Loans | Mortgage Professionals
Represented by VanDyk Mortgage

HOME   |   ABOUT US   |   CONTACT US   |   APPLY ONLINE   |   866-742-8400

A Better Mortgage Process:

We have streamlined the lending process by keeping each loan in-house. You save time — and money.

In addition, because we're backed by VanDyk Mortgage Corporation, one of the largest privately held direct lenders in the country, we are able to offer very competitive rates and low closing costs.

A Better Mortgage Process:

We have streamlined the lending process by keeping each loan in-house. You save time -- and money.
In addition, because we're backed by VanDyk Mortgage Corporation, one of the largest privately held direct lenders in the country, we are able to offer very competitive rates and low closing costs.

Mortgage Loan Process

We offer a variety of residential home loans for both Purchase and Refinance transactions:

  • FHA Purchase & Streamline Refinances
  • VA Purchase and IRRL Refinances
  • USDA 100% Rural Development Loans
  • Jumbo loans up to $3,000,000

We offer a variety of residential home loans for both Purchase and Refinance transactions:

  • FHA Purchase & Streamline Refinances
  • VA Purchase and IRRL Refinances
  • USDA 100% Rural Development Loans
  • Jumbo loans up to $3,000,000
Mortgage Loan Programs

Tools and Resources:    

We offer all the goodies you need to help you choose the
right loan. Payment Calculators, Mortgage Glossary, Real
Estate Newsletters, and free downloads to help you make
educated, well informed, decisions.

Tools and Resources:     

We offer all the goodies you need to help you choose the
right loan. Payment Calculators, Mortgage Glossary, Real
Estate Newsletters, and free downloads to help you make
educated, well informed, decisions.

Mortgage Loan Tools

What people are saying…

Reviews on Zillow
LR-QTZSZVB
"Excellent service, very responsible. Great team, always. Very attentive and very diligent. Smooth process. You don't waste time, all documents are electronic and easy process."
5.0/5.0
by Jose Cornier
"We needed a fast loan commitment and could not afford any delays because our seller was very difficult, and if we couldn’t provide a commitment letter on time..."more
5.0/5.0
by kathi75
"Working with VanDyke is always pleasant and informative. They keep you on the same page and answer any questions you may have. They are very concerned about your..."more
5.0/5.0
by KevinJ Brooks
Kudzu Best Of

Mortgage Advice Column

6 Terms First-Time Homebuyers Must Know



Your story starts with dreaming, as many do, then searching for your perfect home. You started to have lots of conversations about the kind of house you wanted to shop for. You started to casually shop online. One day, you stopped by just in time to see this one house for sale. So, you called an agent about buying a home and suddenly in blink in the eye you find yourself at closing in a matter of weeks, wondering how everything happened so quickly. Questioning yourself, “Did I pick the right mortgage loan?”

Too often, first time homebuyers rush into homeownership because it’s a sign of independence and adulthood. When truthfully, you don’t know the steps to buying a house or the type of mortgage you need. Whether it’s choosing the wrong location or buying an overpriced home, buying a home is a major part of your life.

Before you allow yourself to search for homes, check out these 5 terms you must know. Especially if this is your first time making one of the biggest purchases of your life.

Fixed-Rate Mortgage
This means the interest rate is set when you take out the loan and will not change. So, your monthly mortgage payment won’t change much over the years.

Adjustable-Rate Mortgage
With an adjustable rate mortgage, the interest rate may go up or down. Many ARMs will start at a lower interest rate than fixed rate mortgages. This initial rate may stay the same for months, or a few years, however, as the interest rate index climbs, so will your own interest rate and monthly payments.
Pre-Qualified
When searching for a home, your first step is to get pre-qualified. This can be confusing because Homebuyers tend to mix it up with pre-approved.

The pre-qualification step allows you to discuss any goals you need to regarding your mortgage with a lender.  It’s based only on the information you provide to the lender where it sums up the amount for which you might expect to be approved.

It certainly helps if you want to start the process of looking for a house.
Preapprovals are much bigger deals. A preapproval is a document that verifies the information during the pre-qualification. If pre-approved, you’ve basically been told that the bank will lend you money for a house.

Conventional
A conventional loan is a mortgage that is not backed or insured by the government, such as Department of Veterans Affairs, or Federal Housing Administration.

Conventional mortgages are ideal for borrowers with good or excellent credit. People with credit problems might qualify for conventional loan depending on the financial institution. 

Appraisal
Let’s say you found a home you are interested in. The asking price is $400,000. It’s the amount you’ve already been approved for by your bank. But is the home worth $400,000?
An appraisal will determine what your property is worth.

Since your dream is $400,000, but the appraisal shows that it’s worth $300,000, then the home is overpriced.

An appraisal also protects the bank from getting stuck with properties that are worth less than they’ve invested. And it protects you from paying too much for a house simply because it’s your dream house.

Escrow
The word can be used in different meanings, but when you think Escrow, think of a third, neutral party. According to Zillow, when you make an offer on a home, you will write an earnest money check that will be placed in escrow. It is being held by the third, neutral party probably set up by your real estate agent. Until you and the seller negotiate a contract and close the deal.

However, if the seller decides to sell the house to somebody else, you would get your deposit back. Overall, it protects both parties.

If you want a full team of Mortgage Professionals to help your decision on what is the best loan option for you, we’re happy to help! Please don’t hesitate to reach out to us at 770-552-1000. We look forward to hearing from you!




See Older Posts...

National Rate Trends

Mortgage Rate Quote

Stephen Katz on Zillow

Free Mobile App:


Mortgage Mobile App

Download my App for Free and you will have instant access to some really helpful tools!

Free Mobile App:

Mortgage Mobile App

Download my App for Free and you will have instant access to some really helpful tools!

Follow Us:
facebook
linkedin
Call Us:
NMLS Consumer Access
Stacks Image p3287_n19
US Department of Housing & Urban Development
Equal Housing Lender
Mortgage Bankers Association

VanDyk Mortgage Atlanta Branch: 800 Johnson Ferry Road, NE, Atlanta, GA 30342 | Phone (770) 552-1000 | Privacy Policy | All Rights Reserved
VanDyk Licenses | Fair Lending Policy | Security Policy | Complaint Resolution | General Disclosure | Terms and Conditions 
VanDyk Mortgage Corporate Address: 2449 Camelot Ct. SE, Grand Rapids, MI 49546 | (888) 482-6395
We Lend in: FL, GA, NC, SC, TN, & VA – Corporate NMLS #3035 – Georgia Residential Mortgage Licensee #22013 | Virginia State Corporation Commission MC-5511.
Texas disclosure | This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located
in the state of New York will be accepted through this site.