Scott Kues
Broker
NMLS #286509 CA. DRE #01177964

(925)838-6805
scott@prefmortgage.net

Meet Scott Kues

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Home Buying Process

Home Buying Steps / Process: Step 1 - Getting Pre-Approved Prior to Shopping for a Home It's obviously important to know how much home you can afford, what type of down payment to budget for, monthly mortgage payment as well as what type of loan program you'll be using to finance the new property. Certain mortgage loans have residence type, HOA, appraisal or insurance restrictions that your agent needs to be aware of prior to showing you listings. A personalized strategy session with a trusted mortgage professional should address all of your initial loan approval questions, as well as uncover any potential challenges that can complicate the entire transaction. Step 2 - Assembling Your Home Buying Team - Knowing The Players The home buying process has many steps, participating parties and potential challenges that can be overcome with the right team on your side. Your agent, attorney, title company, insurance agent and lender all have important roles to play. Buying a new home is lite ... Read More...


Mortgage Approval Process

Whether you're a First-Time Home Buyer or seasoned investor, the mortgage approval process can be a slightly overwhelming adventure without a proper road map and good team in your corner. Updated program guidelines, mortgage rate questions and down payment requirements are a few of the components you'll need to be aware of when getting mortgage financing for a purchase or refinance. While this site is full of useful information, industry terms and calculators that will help you research the mortgage approval process in detail, this particular page was designed to give you a thorough outline of the important components involved in getting qualified for a new mortgage loan. Mortgage Approval Components: Mortgage lenders approve borrowers for a loan, which is secured by real estate, based on a standard set of guidelines that are generally determined by the type of loan program. The following bullets are the main components of a mortgage approval: Debt-To-Income (DTI) Ratio - A borrow ... Read More...


Mortgage Programs

Loan Programs Below is a brief description of your mortgage options and ways to get the process started: Conventional Home Loans Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs) ….(read more) Jumbo Mortg ...
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Mortgage Closing Process

The home buying process is full of paperwork, important dates, contracts, market movements and checklists that can even overwhelm seasoned real estate investors. One of the main reasons to make sure you’re working with aprofessional real estate buying team is the fact that you get to lean on their combined experience to ensure a smooth and painless closing. Some agents and loan officers can close upwards of 20+ transactions a month.  Compared to the 5-7 homes an adult may purchase in his/her lifetime, you can obviously see where it helps to have a few trusted professionals in your corner. Helpful Link: Talk The Talk – Know The Mortgage Lingo At Closing The closing process can be argued as the most critical part of a real estate transaction where the most amount of things can go extremely wrong.  This is where that professional team will really prove their value. If all of the initial questions, concerns, documents and contingencies were addressed early in the ... Read More...


Refinance Process

Refinancing a mortgage is the process of acquiring a new loan to pay off an existing lender. Refinance Articles / Resources: Four Possible Reasons to Refinance - A mortgage is generally the largest debt most homeowners have to manage, and it is a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are several reasons a homeowner may choose to refinance, we’ll take a look at the top four circumstances. A drop in mortgage rates, lowering current mortgage payments, debt consolidation or changing mortgage programs are four possible reasons to choose a refinance. .....(read more about Four Possible Reasons to Refinance) Calculating the Net Benefit of a Refinance - Calculating the net benefit of refinancing can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate. Although there are several reasons to refina ... Read More...