maker capital group welcome packet 9-5 - catalyst design · & insurance information. 26....

Your Local Mortgage Banker

P: 512.388.5558 • F: 512.356.9214 • www.makercapitalgroup.com

MAKER C A P I T A L G R O U P

The Maker Capital Group Team


Company NMLS#: 131699 • Individual NMLS#: 265438 • Ameripro Funding, Inc – The Maker Capital Group Team

www.makercapitalgroup.com

MMAKER AKER CC AA PP II TT AA LL GG RR OO UU PP

Please gather the items below that pertain to you and sign the pages at the back of this packet and fax all items to me at 512-356-9214 as quickly as possible to complete your Pre-Qualification process for your home financing

1. 4 most recent pay stubs2. All W2ʼs for last 2 years3. Tax Returns for last 2 years – please sign page 2 prior to sending 4. Copy of Drivers license and Social Security Card5. Last 2 months bank statements – all pages with name, address, account number- also, please explain all deposits in the statements you provide. 6. Copy of resident alien card - if non permanent resident alien, make copies of front and back of card 7. Social Security Awards Letter - if receiving SS income8. Child support documentation – if you pay or receive child support9. Last statement for 401k or IRA 10. DBA, or Business License - if self employed 11. Divorce Decree - if you have been divorced in last 2 years 12. Rental Leases on property- if you own other RE 13. Signed Credit Explanation for derogatory accounts 14. DD-214 for VA borrowers15. If self employed, K-1 for last 2 years 16. If self employed, last 2 years of business tax returns17. Retirement income – Retirement awards letter & most recent W2 or 1099 and most recent statement. We will need a letter from pension administrator verifying likelihood of continuance of 3 years. 18. Please print, complete, date and sign pages 8-1419. Bankruptcy Discharge documents - If ever fi led for BK20. If you own any other real estate, provide mortgage statement, property & insurance information.

26. Current Mortgage Statement27. NOTE from last fi nancing, in closing title packet28. DEED from last fi nancing, in closing title packet29. HUD-1 from last fi nancing of your home30. Survey of property31. Property tax statement for current property

21. Purchase Contract22. Provide quote for homeowners insurance 23. Copy of Processed/cashed earnest money check24. Copy of Processed/cashed option money check25. Copy of Homeowners Insurance Policy

These items are below, please gather all items if they apply to your situation as some items may not pertain to you:

General list: Home purchase list:

Home Refi nance list:

WELCOME LETTER & NEEDS LIST FOR PRE-APPROVAL

If you have any questions about the items listed above or about your specifi c loan, please contact us directly at (512) 388-5558. You may speak to any member of our team or your Personal Mortgage Banker.

YOUR MAKER CAPITAL TEAM. WE WOULD BE

HONORED TO SPEAK WITH YOU DIRECTLY.

THANKS AGAIN FOR THE OPPORTUNITY AND I LOOK FORWARD TO WORKING WITH AND FOR YOU!

2760 Gattis School Road Round Rock, TX 78664Offi ce: 512.388.5558 | Fax: 512.356.9214

Tenisha Curtis Admin Assistant

[email protected]: 512.388.5558 ext: 307

Tenise Lowery Loan Offi cer Assistant

[email protected]@makercapitalgroup.com

NMLS#267685 Direct: 512.762.2739

Freddy DuarteBranch Manager | Loan Offi [email protected]@makercapitalgroup.com

NMLS#265438 Direct: 512.576.6115



WHY CHOOSE OUR TEAM?

We put our promise on paper and live up to the standards we expect and service you deserve. We have a unique process that leaves no room for failure. Our commitment is for 3 professionals to always be at your service and a completely transparent process and experience. We look forward to serving you with your next real estate investment.

~ Freddy F. Duarte

“Thank you for the honor to serve your mortgage needs. Our team will work incredibly hard for you every step of the way. Our business and process carry the family values, ethics and principals that your family deserves. It is a privilege to work on your home loan fi nancing and I cannot wait to hand you the keys to your home. From my family to yours, thank you! ~ Freddy F. Duarte”

When doing business with our team, whether you are the title escrow offi cer, listing agent, selling agent or valued client you will know exactly where your loan stands every step of the way. In our book, constant communication always results in smooth transactions. Our process consists of constant communication by email or phone call twice a week to all parties involved in the process. Loan disposition updates will go out periodically aside from our Process Coordinating to deliver up to the minute updates. We understand many lives are on standby through the loan process and it is our goal to reduce stress by offering complete transparency of our process. You will always have a member of our team available to you. We reply to emails 7 days a week and welcome any questions, comments or assistance. We are so sure that you will be satisfi ed with our service and communication that we are willing to Guarantee it with our Quality Service Guarantee.

“OUR TRADEMARKED PROCESS COORDINATING CONSISTS OF 3 DEDICATED

LOAN PROFESSIONALS FOR THE PRICE OF 1”

PROCESS COORDINATING™

QUALITY SERVICE GUARANTEE

“NOT ONLY DO WE

PROMISE YOUR QUALITY

EXPERIENCE BUT WE

GUARANTEE IT WITH

OUR QUALITY SERVICE

GUARANTEE”

e investment.MAKER C A P I T A L G R O U P



LOAN PROGRAMS

OTHER LOAN PROGRAMS

VA LOANS:

Texas Veterans Land Board: The Veterans Housing Assistance program offers an interest rate reduction to qualifying veterans with disabilities. The veteran must have a compensable service-connected disability of 30% or greater as verifi ed by an Awards Letter from the VA.

Bond Loans: Call us today for details on what Bonds are available and if you qualify for this down payment assistance.

• 100% fi nancing tailored for active or retired veterans• No private Mortgage Insurance• Veterans closing costs are limited by VA, making sure you wonʼt be asked to pay more than a fair price for closing costs. • You have the VA behind you offering additional assistance if you ever fi nd you are having problems making your home loan payments, at any time in the future. • Veterans can prepay their VA Home Loans without a penalty. • 30, 20, 15 year terms or 3, 5, and 7 year Adjustable rate options.

• FHA home purchase loan: Minimum Down payment: 3.5% of the sales price Ex: $150,000 * .035 = $5,250 down payment requirement • Fixed rate loans for 10, 15, 20, 25 or 30 years• Minimal FHA regulated closing costs• FHA Loans are assumable – transfer of ownership without having to sell the home. • FHA loan limits for most surrounding counties up to $288,750• FHA allows for you to receive a gift of down payment from family, friends, employer or withdrawal from retirement accounts.

• Buy a home with low down payment options• Reduce your mortgage payments and skip a month or 2• Conventional loan limits up to $417,000• Debt consolidation, rate/term refi nance and cash out options• Home Improvements loans, home equity lines, and purchase transactions• Fixed rate loans for 10, 15, 20, 25 and 30 years• 2nd lien options for 80/15/5 loans• Conventional home purchase loan: Minimum Down payment: 5% of the sales price Ex: $150,000 * .050 = $7,500

Buy a home with low down payment options with an FHA loan. FHA allows for lower credit score requirements and allows for gift of down payment. This is an ideal loan for a fi rst time homebuyer. This loan can be used to purchase a single family home, condo, duplex or up to a fourplex. Here are some other benefi ts of FHA fi nancing.

FHA LOANS:

CONVENTIONAL LOANS:

• No Mortgage Insurance• Competitive, 15, 20 and 30 year fi xed rate options• Flexible credit guidelines• No Maximum loan limit but income restrictions do apply• Some home repairs can be included in loan, restrictions apply• Area specifi c loans, call to see if your area qualifi es

This is a great loan for areas that qualify. USDA has fl exible guidelines and no max loan limit.

USDA RURAL HOUSING LOANS:



16 STEPS TO HOMEOWNERSHIP

Pre-qualifi cation - Now that you have completed a loan application and are prequalifi ed,

Congratulations! With your application complete you can start your home search. Pre-qualifi cation gives you an idea of how much you can afford based on your debt, income and credit history. The key to getting pre-qualifi ed is to provide your entire credit history. Neglecting to mention an outstanding car loan or previous credit problem can nullify the pre-qualifi cation.

2

The Hunt - Now that you know how much home you can afford, you can begin shopping. Ask your

Real Estate Agent to search the MLS(Multiple Listing Service) daily for homes that meet your specifi c requirements.

3

Loan Application - Now that you have decided to purchase a home it is fi rst best to complete a full loan

application. This will allow us to prequalify you for home fi nancing.

1Appraisal - We require an appraisal on all home sales and refi nance. This step could jeopardize a

sale if a big discrepancy were to exist between sales price and appraised value of the house. The appraiser uses 4-8 other homes that have sold in the last 6 months within 1 mile from your home to assess a current market value of your home.

6

Title Search - This is the time when a search for any liens against the property is conducted. A lien may

have been placed on a property to ensure payment of outstanding debts to the owner. All liens must be cleared before a title transfer can be completed.

8

Property Inspection - Most purchase loans require an inspection of the property for termite and

water damage as well as possible safety hazards. Some problems may need to be repaired before fi nalizing the sale.

5

Processors Review - Our loan processor will package all pertinent information to be sent to the underwriter, including

any explanations that may be needed, such as reasons for derogatory credit.

9

Documentation - Paperwork supporting the application can be found in our Welcome Packet on

your Welcome Letter. This needs to be submitted to your Mortgage Banker upon Pre-qualifi cation. Information commonly sought includes paystubs, 2 years tax returns and bank account statements verifying the source of down payment, funds to close and reserves. If you were pre-approved, this step has already been complete.

7

Purchase & Sale Agreement - When you fi nd the right home, the terms of the sale are

negotiated, including the sales price, repair requests, move-in date, etc. Your agent will present your offer to the sellers. Your pre-qualifi cation or pre-approval letter will usually be submitted with your offer since it can tilt the sale in your favor, especially in a competitive market.

4Final Loan Approval - In most cases, when your credit and debt to income ratio is good,

your loan will be approved with little to no problems. However, in some cases, you may need to put more money down to improve the debt to income ratio. In addition, if the property appraises for less than the purchase price, you may need to increase your down payment to cover the difference. In some cases, repairs or improvements on the property may be required. There may also be other conditions to meet before the fi nal loan approval and loan documents are issued.

13

Private Mortgage Insurance - Only relevant to conventional fi nancing. Many

lenders require borrowers to carry private mortgage insurance when their down payment is less than 20 percent of the homes sales price. Even if a loan meets the standards of the lender, a Mortgage Insurance company could choose to deny the loan.

11

Underwriters Review - Based on the information put together by both your Mortgage

Banker and Loan Processor , the underwriter makes the fi nal decision on whether or not a loan is approved. Lenders are looking for borrowers who will make their payments on time and for a property that will cover the cost of the investment, if a buyer defaults.

10

Insurance - Lenders require fi re and hazard insurance on the replacement

value of the structure. Flood insurance will also be required if the property is located in a fl ood zone. In some areas, lenders require earthquake insurance on certain types of structures.

12

Signing - Final loan and escrow documents are signed by you and the seller.

14Funding - A wire for the amount of the loan will be sent to the title company.

15Move in! - Now you get to move into your new home. Make sure you replace all the locks

for safety, ask us for a referral. Congratulations!

16

NOTICE: This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. Ameripro Funding, Inc - NMLS #131699



Owning your own home is at the foundation of the famous “American Dream,” but paying taxes is more the American nightmare. Luckily, homeownership can help you send less to the IRS and keep more money in your pocket this year.

Although the benefi ts of homeownership are vast, the tax benefi ts associated with purchasing and owning a home are oftentimes overlooked. Who would think that borrowing money to purchase a home could come with so many advantages on April 15th? These benefi ts include deductibles such as mortgage interest, home equity debt, real estate taxes and others. It is important for all homeowners to know exactly what benefi ts the can reap! Read on to fi nd out some basics on keeping more and sending less to Uncle Sam this year.

• Biggest tax break is mortgage interest. • ALL interest is deductible, unless the loan is greater than $1,000,000. • Additional tax breaks come to those who did any of the following: 1) Cash-out Refi nance 2) Home Equity Loan or Line of Credit **Note: Usually equity debts of less than $100,000 are FULLY deductible.• Have a second home? • In many cases, mortgage interest is also fully deductible on second homes!

1. January following the year of your home purchase you will need to fi le the Homestead Exemption with your local appraisal district to reduce your property taxes. After this initial fi ling you never need to do this again until you move homes.

2. In April every year look out for the Appraisal Districts notice of tax value of your home. This gives you an opportunity to protest the value of your home which is how your property taxes are determined.

3. At the end of every year you will receive a 1098 Mortgage Interest statement with the mortgage interest you paid over the year, property taxes and Mortgage Insurance. You will give this form to your tax professional.

NOTE : We are not tax experts and do not advise our borrowers on such matters.

• The other major deduction is property taxes

• Law changes from 1997 allow a gain of up to $250,000 ($500,000 for married joint fi lers) to be TAX-FREE.

• **Note: In order to receive this tax benefi t, you must have owned the property for 2 years and lived in it for 2 of the 5 years prior to the sale.

• Insurance • PMI- Private Mortgage Insurance • Unless you meet requirements of a certain PMI law, you wonʼt be able to deduct your Private Mortgage Insurance. • HOWEVER- If your loan was/is originated or refi nanced between January 1, 2007 and December 31, 2011 and meets certain loan amount limits, you might be able to deduct your PMI payments.

• Property Hazard Insurance • Unfortunately, Hazard insurance is Nondeductible for ALL. • Other nondeductible residential expenses • HOA dues • Additional principal payments • Home depreciation • General closing costs • Local assessments to increase value of your neighborhood.

What about mortgage interest? What about Taxes?

Are you moving up to a bigger house?

What is NOT deductible?

Important dates to remember

KEEP MORE OF YOUR MONEY THIS TAX SEASON

• If you make a profi t when you sell your home, you can avoid some taxes.

• Property taxes will continue to be an annual deduction as long as you own your home. **Note: Property taxes must be deducted as an itemized expense on Schedule A.



First and most important, Im a dedicated husband, proud father of 3 amazing children and hard working Mortgage Banker since 2002. I take my business very seriously and value every opportunity to serve my trusted clients and business partners. I can offer you a personalized fi nancial strategy, not just a generic

mortgage program.

The mortgage we design together will be based on your unique situation, individual preferences as well as your fi nancial goals. It will be designed to account for change, both in the market and in your circumstances, so that it can work with you and for you.

My approach to mortgage fi nancing is straightforward: I focus on becoming your partner in building the future you desire. As we work together, Iʼll thoroughly explain the programs I recommend, so that youʼll be fully comfortable with all aspects of your new home loan. Every decision we make will be focused on achieving the results you want. My goal is to help my clients make informed decisions through professional advice, individualized planning, quality products, and personal, effi cient service.

The services I guarantee to provide my Clients:• Strict Confi dentiality • Courteous, Professional Service • A Trustworthy and Competent Mortgage Consultant • Suitable Recommendations • Timely Transactions at the Best Available Prices • Full Disclosure of Costs and Risks • Clear & Constant Communication• Attend your closing to insure every question is answered• I will make myself available to you by phone, text or email 20 hours a day, 7 days a week.

My mission is to set a high standard in the mortgage industry. I am committed to quality customer service - putting the people we serve, fi rst! You will fi nd that the attention, professionalism, and consideration we give to each of our clients make getting your loan a memorable experience.

Im a proud husband to an incredible woman; Jessica Duarte who supports me and drives me to my best everyday. Im also a father of a beautiful daugher and my little princess; Celia Lee Duarte and 2 amazing, strong willed sons; Mason Garet Duarte and Parker Owen Duarte. In my spare time I enjoy coaching soccer, playing soccer, working out, running and investing in Real Estate. My business carries the values and ethics you deserve and I look forward to treating you like a part of my family. Thank you ahead of time for the opportunity to serve you.

Achievements/Associations • Award recipient of 2011 Five Star Mortgage Professional• 2011 Presidents Club Member - Top Loan Offi cers Award• WOW Award winner - May 2011• 2010 Presidents Club Member - Top Loan Offi cer Award • 2009 Presidents Club Member - Top Loan Offi cer Award • Top sales for May 2009• Awarded “2009 Best of Round Rock Award in Mortgage Category” from the US Chamber Association• Awarded “2010 Best of Round Rock Award in Mortgage Category” from the US Chamber Association• Successfully acquired Real Estate in South America • Member equity group primarily to capitalize in Real Estate Investment opportunities • Southwest Texas University, BBA in Finance with a focus on Real Estate Finance, 2002 • 2009 Diamond Sponsor for Austin Board of Realtors• Member of the Better Business Bureau• Member of the Round Rock Chamber of Commerce• Member of National Association of Hispanic Realtors• Member of National Association of Mortgage Bankers

Education:Southwest Texas State University, BBA Finance

WELCOME AND THANK YOU FOR VISITING MY PAGE. I FEEL THAT WHEN

YOU HIRE ME IT IS IMPORTANT THAT YOU APPROVE OF MY QUALIFICATIONS,

EXPERIENCE, KNOWLEDGE, CHARACTER, VALUES AND ETHICS.

ABOUT ME & MY FAMILY

Ameripro Funding, INC. 8300 N. Mopac, Suite 120

Austin, Texas 78759

RAPID REPORTING VERIFICATION COMPANY – 6628 BRYANT IRVIN ROAD, FORT WORTH, TEXAS 76132

Real Estate Transaction

maker capital group welcome packet 9-5 - catalyst design · & insurance information. 26....

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