Nick Staker

NMLS# 146802

Branch Manager

Nick Staker
Branch Manager

Loan Originator
NMLS# 146802
State Lic: IN# 14894;
10729 Coldwater Road
Fort Wayne, IN 46845
Work: (260) 494-1111
Fax: (800) 849-3426
Master's of Business Administration - Indiana University
Bachelor of Science in Business - Indiana University
Certified Public Accountant

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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.

Academy is a direct lender, which means that my Branch and Regional Offices are equipped to complete the entire loan process in-house—all loan processing, underwriting, closings, and funding are handled locally. As a result, we have a proven track record of closing loans as quickly and efficiently as possible.

I will be in control of your loan file from start to finish, and I will be up-to-date on the status of your loan at all times. I understand the importance of maintaining continuous communication throughout the loan process and commit to providing you accurate, timely, and honest mortgage advice.

I am a husband, father, top producing Mortgage Originator/Manager with the best Independent Mortgage Bank in the Country.

I invite you to put us to the test. Let me show you how simple and easy securing a mortgage can be.

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From 1st phone call to the closing, nothing but satisfied. This is my second time using Academy Mortgage in two different states. I have been absolutely totally satisfied. David Waples

NMLS# 146802

State Lic: IN: 14894;

Corp Lic: IN: 10966;


New study said that millennials will soon dominate the housing market

While the discussion about millennials' presence in the housing market during the recovery has been focused on their lack of homebuying activity, a recent study said that this generation will soon stake its claim.

The Joint Center for Housing Studies of Harvard University's "The State of the Nation's Housing 2014" report found that not only are the nation's 20- and 30-something citizens expected to be more active, but their anticipated increase for home sales is also necessary if the national real estate market is to continue growth. Currently, a growing number of young Americans are living with their parents, as 2.1 million more adults in their 20s didn't fly the nest in 2013. Additionally, student loan debt, which has been the major talking point in the discussion of why they're not moving out, is rising each year. Total student loan balances went up $114 billion in 2013.

Millennials to prevail despite housing challenges. While setbacks persist, the study said that the expectation that millennials will buy homes in greater volume in the coming years stems from the sheer volume of individuals who are reaching the age when people typically become homeowners.

"Ultimately, the large millennial generation will make their presence felt in the owner-occupied market just as they already have in the rental market, where demand is strong, rents are rising, construction is robust and property values increased by double digits for the fourth consecutive year in 2013," said Daniel McCue, research manager of the Joint Center.

The study predicted that the number of 30-something households will reach 2.7 million in the next decade. However, Bloomberg reported that many young potential homebuyers are still cautious even if they have the financial standing to get approved for a residential mortgage because they are still wary of the problems seen during the housing downturn.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit to find a loan, get a rate, or calculate your payment today.


Considering Refinancing?

When you’re making the decision to refinance, there are several things to keep in mind.

First, if your current interest rate is significantly higher than today’s lowest rates, you may be able to roll your loan costs into your new mortgage and still get a lower rate than you have, thereby reducing your interest payments and lowering your monthly payment immediately.

Second, if you are planning to stay in your home for at least three to five years, it may make sense to pay “points” (a point equals 1 percent of the loan amount) and closing costs to get the lowest available rate.

And third, you can avoid laying out cash and still get a low rate by adding the points and closing costs to your new mortgage.  Does that mean shouldering a lot of extra debt?  Not necessarily.  If you’ve had your current mortgage for at least three years, you’ve probably reduced your balance by several thousand dollars.  So you may be able to tack your closing costs onto your new loan and still end up with a mortgage that’s smaller than your original loan—with a lower interest rate and lower monthly payment.

You also may want to consider lowering the term of your loan to pay off your home sooner.  This option may raise your monthly payment, but may save you a substantial amount of interest over the term of the loan.

You also may want to consider a fixed-rate loan, which has an interest rate that is fixed for the entire term of the loan, as compared to a variable-rate loan, which has an interest rate that can increase or decrease based on the short-term indexes.

Contact your Academy Mortgage Loan Officer to see if refinancing is a good option for you.


How to Improve Your Credit

If you’ve had credit problems, be prepared to discuss them honestly with your mortgage professional.  Responsible mortgage professionals know there can be legitimate reasons for credit problems, such as unemployment, illness, or other financial difficulties.  If you had a problem that’s been corrected and your payments have been on time for a year or more, your credit may be considered satisfactory.

If you currently have excess debt, there are four ways to control it:

  1. If your credit is not in terrible shape, you can reduce your other expenses, even if it means making hard choices or changing your lifestyle to fit your income.  Consider selling a second car, taking equity out of your home, applying for a non-secured signature loan, obtaining a loan from a relative, selling family heirlooms or jewelry, cashing out your 401(k) or other retirement benefits, or selling your home and paying off your debts with the proceeds and then renting.  (Note:  Taking money from your retirement accounts or tapping the cash value of your life insurance policy to pay bills or living expenses may have serious implications you haven’t considered, so get advice from an expert before you take any major financial actions.)
  1. If your credit is already damaged or one of the above isn’t an option, go through your local Consumer Credit Counseling Services (CCCS).  CCCS may be able to help you pay off your debts as if you were in a Chapter 13 bankruptcy, but you don’t actually file for bankruptcy.
  1. If CCCS won’t take you, you may want to consider bankruptcy.  Claiming Chapter 13 bankruptcy takes longer than a Chapter 7, but your credit will end up in a little better standing.  Chapter 13 bankruptcy gives you up to five years to pay off your debts.  The disadvantage is that you’re in bankruptcy for up to five years, plus your credit report shows your bankruptcy for seven more years after you have finished paying off your debts.
  1. If you are so far in debt that you can never repay it, then the best solution may be a Chapter 7 bankruptcy.  A Chapter 7 bankruptcy is the least desirable from a credit standpoint, but you are typically out of bankruptcy in six months and you don’t have to repay most debt.  The disadvantage is that this shows on your credit report for ten years from the date of filing your bankruptcy.  Creditors are tightening their credit requirements, and you may have a tough time getting future financing.

If your debts are under control now but you want to improve your bad credit history, the most important factor is to make your monthly payments on time.  Late payments may mean late fees, higher interest, and/or a negative mark on your credit report.  Send your payment as early as possible if you carry a balance.  Most companies calculate interest on a daily basis, so the sooner they receive your payment, the less interest you’ll pay.

If you are worried about making payments, make a list of your debts and when the payments are due.  If you think you will have trouble meeting the monthly payments, contact your lenders immediately to arrange a payment schedule.

Please do not hesitate to contact your Academy Mortgage Loan Officer if you have any questions or are experiencing any difficulties with your mortgage.


Academy Mortgage and its employees do not provide credit repair or credit counseling services.  Each state has its own bankruptcy laws, so you need to check with your state for details.  The information provided is for general information purposes only and is not intended to be a legal opinion or legal advice, nor is it intended to be a complete discussion of all the issues related to credit or bankruptcy.  Every individual’s factual situation is different, and you should seek independent legal advice regarding your specific situation before undertaking any course of action.