Mortgages for Health Care Professionals

American Hero Mortgage offers home buyer programs for nurses. Whatever your situation is, whether you are a first time home buyer, or are currently in a home and looking for something new to purchase, we are here to help. We have tailored home buying mortgage programs specifically for nurses, which we are confident you will find to be your best option when comparing us to other mortgage lenders. These include special low fee, low interest rate, and top priority underwriting on home purchases.

The very first step in the home buying process is the see how much loan amount you can qualify for which is largely based on your income and current financial liabilities (debt-to-income ratios). We would be glad to assist you in the pre-qualification process. To pre-qualify for a home loan contact us today. Once you know what you qualify for, you can then decide how much you want to spend within that limit.

If you have questions or would like to get more information about specialty mortgages for nurses, please call us Toll Free: (754) 202-4376 or go to www.americanheromortgage.com

Jason Thomas - Registered Nurse

I have been a Registered Nurse for 15 years. During my professional career, I have had to deal with many situations where people have had to depend upon me for advice and counsel regarding their healthcare. Now, I was in a position where I needed counsel and advice regarding refinancing my house and not understanding the process, I was blessed with meeting Morris "Morry" J Newman of American Hero Mortgage.

Mr. Newman sat down with me and explained the entire process, gave me a plan of action, and helped me follow through with my plan. During that complete process he was able to guide me through the fog of mortgages making the process very transparent and would take the time to make sure I was completely satisfied with the process. I am very happy to say that Morry not only helped me secure a low interest mortgage but he went beyond and helped me increase my FICO score by 100 points which is huge! He did this process within a week of finding out my outstanding debts, created a process in which those debts would be addressed and paid. If you are even thinking about refinancing or finding a mortgage, I would highly suggest that you speak with Mr. Newman at American Hero Mortgage.

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Jason Thomas, RN
Executive Healthcare Staffing
Email: Jason@RNRN.com
Tel: 305-942-1527

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Mortgage loan Processing & Procedure

If you need to have new home loan or you need to refinance the current loan you need to have processing loan to do so. This loan processing is done by the loan originators, brokers, processors and other professionals. Due to lengthy process of loan it need many borrowers with different background.

The loan process done by loan originator or they contact by potential borrowers and it can also be initiated by home buyer who need to have bank to finance it and once you complete the loan process it will guarantee you that your company will make money on this and also you can make money by closing the more loan processing. After anyone apply for loan, loan processor contacts the loan originator and borrower to start the procedure. The wise step when you are applying for loan procedure first to close the lower interest as market can go up. You can secure lower rates as much as possible. Another advantage of this loan is that they have low monthly payments this will not only give you financial flexibility but will also lower the risk of losing the home.

When the processing Team Start the procedure they will ask borrowers to supply all relevant documents and details of property for verification purpose. These document will comprise of list of asset, liabilities & earning potentials of borrowers. Personal documents may include all the assets, property and your current income. If borrower can give all document at once and correct process can be expedited fast and done quickly.

After this Procedure team analyze all document and as per estimate they will provide loan applier the home buyer (GFE) Good Faith Estimate document, closing fees statement and the approximated terms of the home mortgage loan. After that they will collect all documents for verifications mostly these document are personal document of borrower which include pay slips, bank statements, tax returns and the credit reports.When borrower producing his or her personal document he or she must have produce all relevant document for his or her source of income as now a days lot of people has different source of income so they must product this so that lender can verify them properly and also come with good offer after it.

Most of time lender will check the total income with total liabilities and loan processing team will ensure that borrower has proper income source with covering all liabilities and if eligible for securing loan insurance or not. They will also appoint person who is in charge for getting valuation of home for which lender is giving loan. Loan processing proceeds only when the gathering of the documents and property appraisal are completed.

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Mortgage Refinancing Calculator for Nurses

This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Should you refinance your mortgage? Florida Nurses use this calculator to determine what your new payment will be, how much you'll save in interest and when you will break even.For more information please click here

If you have questions or would like to get more information about specialty mortgages for nurses, please fill out the form on this page, or call us Toll Free: (754) 202-4376

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