Selecting the right mortgage plan is a crucial decision that depends on various financial factors and personal goals. Sean Perkins at TD Bank offers tailored mortgage solutions to help you make the best choice for your needs in Massachusetts. Here’s how Sean can assist you:

Evaluate Your Financial Health

Sean will assess your credit score, debt-to-income ratio, savings, and income to understand what mortgage options are best suited for you. This thorough evaluation ensures you are positioned for the best terms possible.

Identify Your Homeownership Goals

Whether you’re buying your first home, refinancing, or purchasing an investment property, Sean will help you determine the mortgage that aligns with your goals. For example, a fixed-rate mortgage provides payment stability, while an adjustable-rate mortgage (ARM) might be ideal if you plan to sell or refinance in a few years.

Compare Loan Options

TD Bank offers a variety of mortgage products such as conventional loans, jumbo loans, FHA loans, and VA loans. Sean will guide you through these options, explaining how different loan types, down payments, and interest rates affect your monthly payments and long-term costs.

Choose the Right Loan Term

Sean will help you choose between loan terms, such as 15, 20, or 30 years, based on your financial situation. A shorter-term loan often has higher monthly payments but less interest over time, while a longer-term loan provides more affordable payments but higher interest costs overall.

Consider Other Costs

Sean ensures you’re fully aware of all the costs, including private mortgage insurance (PMI), property taxes, and closing costs, helping you budget accordingly and avoid any surprises.

By working with Sean Perkins at TD Bank, you’ll receive expert guidance and personalized mortgage solutions that fit your financial needs and long-term goals. Contact Sean at (774) 502-6619 to discuss the best mortgage options for you in Massachusetts.

Your credit score is one of the most important factors in determining the mortgage rates and terms available to you. Sean Perkins at TD Bank offers these steps to help you improve your credit score before applying for a mortgage in Massachusetts:

1. Review Your Credit Report

Obtain a copy of your credit report from the three major credit bureaus—Equifax, Experian, and TransUnion. Review it carefully for any errors, such as incorrect account information or outdated balances. Correcting errors can boost your score quickly.

2. Dispute Inaccuracies

If you find any errors on your credit report, dispute them with the credit bureaus. Clearing up inaccuracies can significantly improve your score. Sean will guide you through the process of disputing any negative or incorrect items on your report.

3. Pay Down Debt

Reducing your debt-to-income ratio is crucial for improving your credit score. Focus on paying down high-interest credit card balances and other outstanding debts. Keeping your credit utilization ratio below 30% is ideal for increasing your credit score.

4. Avoid Opening New Credit Accounts

Avoid applying for new credit cards or loans in the months leading up to your mortgage application. Each new inquiry can lower your score temporarily. Sean advises maintaining your current credit profile to ensure you qualify for the best mortgage terms possible.

5. Make On-Time Payments

Your payment history is a major factor in your credit score. Be diligent in making timely payments on all bills, including credit cards, utilities, and loans. Setting up automatic payments can help you avoid missing any payment deadlines.

6. Resolve Negative Marks on Your Report

If you have collections or late payments, it’s important to address these issues. Sean can help you strategize ways to negotiate or settle these items, improving your credit score before applying for a mortgage.

By following these steps, you’ll improve your credit score and increase your chances of securing better mortgage rates and terms. For personalized advice, contact Sean Perkins at (774) 502-6619.

Yes, whether you’re refinancing or purchasing a home, Sean Perkins at TD Bank can assist with either option, offering expert guidance to ensure you get the best mortgage terms for your situation.

Home Purchase with Sean Perkins at TD Bank

Pre-Qualification and Pre-Approval

Sean will guide you through the pre-qualification or pre-approval process, which shows sellers that you’re a serious buyer and determines how much you can borrow.

Choosing the Right Loan Program

TD Bank offers a variety of mortgage programs, including conventional loans, FHA loans, VA loans, and jumbo loans. Sean will help you choose the loan that best meets your financial needs and homeownership goals.

Lock in Competitive Rates

Sean will ensure that you secure a competitive interest rate, helping you save money over the life of your loan. With his expertise, you’ll be confident in your loan choice and the rate you lock in.

Guidance Throughout the Process

From application to closing, Sean provides personalized support, making sure the entire home-buying process is smooth and stress-free.

Refinancing with Sean Perkins at TD Bank

Lower Your Interest Rate

Refinancing can reduce your interest rate, lowering your monthly payments and potentially saving you thousands over the life of the loan. Sean will help you determine if refinancing is the right financial move.

Cash-Out Refinancing

If you have equity in your home, a cash-out refinance allows you to use that equity for home improvements, debt consolidation, or other financial goals. Sean will guide you through the process, ensuring it aligns with your long-term objectives.

Shorten Your Loan Term

Refinancing to a shorter loan term can help you pay off your mortgage sooner and save on interest. Sean will assess if this option makes sense based on your budget and financial plans.

To explore your home purchase or refinancing options, contact Sean Perkins at (774) 502-6619 for personalized mortgage advice.

Applying for a mortgage with Sean Perkins at TD Bank is straightforward when you have the right documents prepared. Here’s what you’ll need:

General Documents Required for Mortgage Applications

Proof of Income

• W-2 Forms: Provide W-2 forms from the last two years to verify your income.
• Pay Stubs: You’ll need recent pay stubs covering at least 30 days to show current earnings.
• Tax Returns: If you are self-employed or have additional income sources, provide tax returns for the past two years.

Proof of Identity

• Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required.
• Social Security Number: This will be used to verify your identity and pull your credit report.

Credit History

• Credit Report: Sean will review your credit report to assess your eligibility and help you understand how your score impacts your loan options.
• Debt Information: Documentation of any outstanding debts (such as credit cards or auto loans) will be needed to calculate your debt-to-income ratio.

Proof of Assets

• Bank Statements: Submit the last two months of bank statements to verify your financial reserves for down payments and closing costs.
• Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investment accounts, provide the relevant statements to verify the balances.

Proof of Employment

• Employment Verification: TD Bank may contact your employer to verify employment. If you are self-employed, you will need to provide additional documents, such as business licenses or profit and loss statements.

Loan Program-Specific Documents

• Conventional Loans: Typically require more documentation of income, assets, and credit history.
• FHA Loans: May require additional proof for lower credit score eligibility.
• VA Loans: Veterans need a Certificate of Eligibility (COE) to qualify for VA loans.
• USDA Loans: If applying for a USDA loan, you may need proof that the property meets rural area eligibility.

By preparing these documents in advance, you’ll help streamline the mortgage process. For additional details, contact Sean Perkins at (774) 502-6619.