AboutJacqueline Kounkel Expertise I am able to lend in every State. I specialize in large money deals, jumbo and super jumbo home loans, construction, permanent financing, refinancing, purchases, lines of credit and cash out transactions for residential homes. I can answer questions for you regarding what to look for when choosing a lender or Mortgage Broker. I can assist with questions that you should always ask when shopping for a loan. I will help you to protect your credit score while shopping for a loan. I understand that shopping for the best mortgage is about more than just a rate and my clients needs are always kept in my best interest. Besides getting you the most competitive rate, I will also help you decide which program guidelines are most likely to accept your unique qualifications. Together we will determine which programs will ultimately save you the most money. I will make sure you avoid “bait-and-switch” offers, prepayment penalties and hidden fees. Sometimes a low rate on the wrong loan could COST you thousands of dollars! I can help you to understand your Closing documents, Your Good Faith Estimate, the dynamics of your loan and how it works. I work with my clients for the life long relationship, the lowest rates, and conservative closing costs.
Experience I can offer clients an unmatched variety of loan programs designed to suit the borrowing needs of every lifestyle. Whether you are looking for a conventional program or one especially suited to a unique circumstance, I have the necessary tools to serve the best interests of my clients and provide mortgage financing to all kinds of buyers. I have worked in the financial industry for 15 yrs and love what I do.
Organizations Chamber of Commerce, DRA, SMDRA, Colorado Business Group and SEC Kids Care Volunteer Publications
Education/Credentials ACC degree in Banking and Finance
Awards and Honors Top Producer, Circle of Excellence, Customer CARE, President's Club Member
Expert: Jacqueline Kounkel Date: 7/10/2008 Subject: close on new house .
Question just built a new house me ,few friends .construction loan was no trouble .with local bank .they don't do morages.out side business does i guess .any way like to find out what i need to know about closing on house .witch is nothing at all .like to do 15 yrs if possible .have good credit score 700 i think. sum it all up i dont want to get burned .ive worked hard to gey my land 30ac an now build my dream house . yall i always herd theres allways some thing u wished ya would have done different !BUT EVERY SINGLE THING IN OUR NEW HOUSE WE BULT AN PLANED OUT JUST LIKE WE WANTED .ID CHANGE NOTHING . yall if i can do this coming up with nothing any onbe can .sorry blaw blaw. thanks any help
Answer Hi Joe,
Let me see if I am understanding what you are asking me for. It appears to me that you took out a construction loan to build your dream home and the house is now complete with a certificate of occupancy. From what I can tell you are looking for a 15 yr fixed rate mortgage for your permanent financing, am I understanding this correctly?
If I am correct in my interpretation, I will need to know what your current appraised value is to determine the loan to value that you are needing. How much do you currently owe on the construction loan? What city and state are you located in? Do you have well and septic or city water and sewer? How long have you had ownership on the land or did you incorporate the land into the construction loan? Are you self employed or w-2 employment, or retirement, if retirement, please give me the break down of your monthly income. Are you able to provide your last 2 years of tax returns? Is this your owner occupied property? Do you own any other real estate? If so please give me a description of the property the loans that may be involved and what is owed as well as any rental income if applicable. Your credit score is great! I will need to know what your assets and debt look like in a nutshell. Please let me know if you have any other excessive debt to compare to your income for preliminary qualification purposes. Once I have all of this information, I will better be able to give you an idea of what may be available for you rate wise.
Thank you so much for your email. I look forward to working with you.
