Johnny Alo is a Producing Branch Manager who has been providing clients with superior mortgage service since 1997. At Academy Mortgage Corp. we offers conventional, FHA/VA and USDA; and non-conforming jumbo mortgages. Another major focus are the Employees of our Branch. We help them reach their personal goals.
Being in the Mortgage Industry since 1997, Johnny has helped thousands of clients finance properties all over the United States. He has held positions in all capacities including Management Positions in both Wholesale and Retail Mortgage Lending.
Johnny and his group provide in-house processing, underwriting and closing, assuring that your loans will be handled personally and locally. In addition, they have the flexibility to meet demanding closing dates. * Our Group’s industry knowledge and competitive rates help ensure customers receive the best possible product and superior service
Focus / Philosophy:
Johnny and his team work diligently to offer clients the best possible loan products. They are committed to responsible lending and safeguarding your investment while eliminating risk. “Our goal is to ensure that each person obtains a carefully-tailored loan program that fits their short- and long term financial plans.”
Johnny’s goal is to provide services that demonstrate his team is not an impersonal commodity but rather a group of educated, proactive individuals dedicated to finding the most appropriate programs available.
Johnny and his wife Jill have been married since 1997. They have 3 wonderful kids, Axenia, Milani and Taisi. Johnny and his family have devoted their time in the past to Fundraising Events, Coaching Club Soccer, Feeding the Homeless, and many other events.
I think Johnny did a superb job. I have no problem with him being my #2 guy. If my husband has issues getting something done or a client wants to go with another lender I would quickly refer them to Johnny. Johnny did a great job finishing a loan that our original lender couldn't. He was realistic and straight forward with us the whole way. It was a good experience!
Pepper Stewart - Realtor
CA: CA-DBO630305; AZ: 0924249;
CA: 4170013; AZ: BK-0904081;
Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;
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 call us if you have any questions.
DO provide requested documentation promptly and in its entirety.
DO continue living at your current residence.
DO continue making your mortgage or rent payments.
DO continue to use your credit as normal.
DO keep working at your current employer.
DO keep your same insurance company.
DO stay current on all existing accounts.
DON’T change your employment or marital status.
DON’T make any major purchases (car, furniture, jewelry, etc.).
DON’T change bank accounts.
DON’T make any large cash deposits into your bank accounts.
DON’T transfer any balances from one account to another.
DON’T close any credit card accounts.
DON’T consolidate your debt onto one or two credit cards.
DON’T apply for new credit or open a new credit card.
DON’T max out or overcharge on your credit card accounts.
DON’T take out a new loan or co-sign on a loan.
DON’T pay off any loans or credit cards, charge offs, or
collections without discussing it with us first.
DON’T finance any elective medical procedure.
DON’T join a new fitness club.
DON’T open a new cellular phone account.
DON’T start any home improvement projects.
DON’T have your credit pulled or dispute any information on your credit report.
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.
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.
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.
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.
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.
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.
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.
Closing. Final loan and escrow documents are prepared and signed by you (the buyer) and the seller.
Funding. A wire or check for the amount of the loan is sent to the title company.
Close of escrow. Documents that transfer titles are recorded with the county.
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!
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
Mortgage loan interest is deducted from your state and federal income taxes and a portion of your property taxes may also be deducted.
Fixed mortgage payments (principal and interest) will not change during the loan term whereas rent payments may increase annually.
Owning a home long term allows equity to build and thus your home investment to grow.
The Benefits of RENTING
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.