Brad Mabey

NMLS# 262718

Branch Manager

Brad Mabey
Branch Manager

NMLS# 262718
State Lic: UT # 5726311;
584 East 12300 South
Suite 7
Draper, UT 84020
Direct: (801) 910-9910
Branch: (801) 568-6600
brad.mabey@academymortgage.com

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Welcome!

It’s all about service at Academy Mortgage, and our company has been meeting the needs of homebuyers across the United States since 1988. I joined Academy because of its strong reputation for integrity—based mortgage lending, its unwavering commitment to responsible lending practices, and for its broad portfolio of mortgage solutions and tools.

Since joining Academy, I have helped many individuals and families attain the dream of homeownership. Whether you want to buy a new home or refinance an existing mortgage, I will provide a customized solution for you at competitive rates. No brokering, no middleman, no hassle, no surprises.

About Me-

MY BACKGROUND

I was born and raised on a small farm in South Jordan, Utah. I am married with 3 children, 4 horses, 2 dogs, and 2 cats. I believe I’m unusually service minded and very active in local community and church programs – I enjoy offering this same attitude of service to my clients.

CLIENT TRUST

Clients have described me as:

• A trusted Mortgage Consultant with 10 years in the business

• Knowledgeable on all the program options available in Utah

• Great at helping people learn and understand their options

• Able to offer some of the lowest rates and fee’s

• A mortgage consultant who genuinely cares about YOUR mortgage process!

MY PHILOSOPHY

During my career I’ve focused heavily on providing better communication than people generally find in this industry. I believe superior communication up-front in the planning and strategy phase eliminates errors, costly surprises and last minute delays typically found in most banks and many mortgage companies.

Continuing communication throughout the rest of the process brings my clients peace of mind and confidence they’re getting what they want. People tell me my communication focus has made their home-buying or refinancing experience far less stressful then any of their past experiences.

They also tell their friends, family, and others to contact me, which is the highest compliment I can ever receive.

My special thanks to those who let me help them and their friends!

Mortgage Education

View these helpful tips for becoming a homeowner.
With my family, we are large, and we have two sons with autism. And we felt we had to get out of the big city, for our children's sakes. We went from renting a home in Southern California to renting a five acre home near Moab, Utah. About eleven months later, we found our dream home. I had had some credit issues that I was actively in the process of cleaning up. And, we put an offer in on the dream home that our family currently owns. My realtor was aware of the precarious nature of our finances, and she said If anyone can bring this loan in, it's Brad Mabey. We put the offer in, and Brad and his team went to work. Our family has always needed think outside of the box thinkers and go getters. With our realtor, Anne Fillmore, and our lender guy, Brad Mabey, we had a winning team. There were certainly a couple of times I thought, Well, this is not going to happen. One had to do with the lending limits on the specific county we were purchasing in. Another had to do with the fact that this house was completely off grid, and it was difficult to get the right appraiser on board that could deliver the appraisal value that was needed to secure the loan. I don't know how Brad and Anne ever got it done, but I can tell you that we are in our dream home, it is perfect for us, and I still can't believe we are here, sometimes!! Darla Anderson

NMLS# 262718

State Lic: UT: 5726311;

Corp Lic: UT: 5491140-MLCO;

Tips for a Simple Loan Approval

If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.

DO’s

DONT’s

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10 Steps to Homeownership

From pre-approval to closing, Academy will help you along the road to homeownership. You can count on us for responsible, honest, and ethical service in every step of the process.

  1. Loan pre-approval. Pre-approval allows you to search for a home that you can afford based on your credit, income, and assets. An application and supporting financial documents must be submitted to your Loan Officer, including pay stubs, tax returns, and account statements.
  2. Home search Once pre-approved, start shopping with your real estate agent! When you decide on the right home for you, the terms of sale are negotiated and your agent presents your offer to the seller.
  3. Formal loan application and product selection. After the seller accepts your offer, formally apply for home financing and select the ideal loan product to meet your needs.
  4. Appraisal and home inspection. As your application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
  5. Processor’s and underwriter’s review. A loan processor reviews the entire loan file and sends all pertinent information to an underwriter who makes the final decision to approve the loan.
  6. Final loan approval. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
  7. Closing. Final loan and escrow documents are prepared and signed by you (the buyer) and the seller.
  8. Funding. A wire or check for the amount of the loan is sent to the title company.
  9. Close of escrow. Documents that transfer titles are recorded with the county.
  10. Confirmation of recording. The title company authorizes the escrow company (or closing agent) to draft a check to the seller.

Ultimately the final step . . . MOVE INTO YOUR NEW HOME!

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BUYING VS. RENTING

For many, the benefits of buying a home outweigh the advantages of renting. With mortgage interest rates at historic lows and rents on the rise, now is an affordable time to finance a mortgage with a fixed monthly payment lower than rent.

If you plan to stay in your home for more than six years, buying a home could save you thousands of dollars over renting. And don’t forget about the noisy neighbors upstairs.

The Benefits of BUYING

TAX SAVINGS
Mortgage loan interest is deducted from your state and federal income taxes and a portion of your property taxes may also be deducted.

STABILITY
Fixed mortgage payments (principal and interest) will not change during the loan term whereas rent payments may increase annually.

BUILD EQUITY
Owning a home long term allows equity to build and thus your home investment to grow.

The Benefits of RENTING

FLEXIBILITY
Renting may be the preferred option for those planning or needing to make a move in less than six years.

LITTLE OR NO MAINTENANCE
Renters are often able to rely on landlords and property managers to pay for and make necessary home repairs.

UTILITIES MAY BE COVERED
Some utility expenses may be included in monthly rent payments.

Contact me today to start realizing the benefits of homeownership.

Please consult a tax professional about your specific situation and the tax savings benefits of homeownership.

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