Academy delivers the Gold Standard in customer service, proving to be second to none. Our Loan Officers are easy to access and provide timely response, clear communication, and absolute follow-through. We invite you to put us to the test.
Whether you want to buy a new home or refinance an existing mortgage, Academy has a customized solution for you at historically low interest rates. Our mortgage professionals are equipped with leading-edge technology and tools to satisfy even the most challenging situations with confidence and efficiency.
Cornerstones of Success
When it comes to helping individuals and families achieve successful homeownership, Academy is 1st CHOICE. For over 25 years, we have delivered exceptional mortgage service, in-house loan fulfillment, a broad portfolio of products and tools, and integrity-based mortgage banking.
Loan Originator NMLS# 146802State 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 email@example.com
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.
Read these articles to educate yourself on the mortgage process and industry.
There isn't one thing more Nick could've done to improve my experience. He went about and beyond to educate and help me achieve the goal of a home purchase. Thank you!
In less than a few months I was able to improve my credit score and obtain a loan for my home purchase. Nick walked me through each step and gave me additional information on how to improve credit. Nick has changed my financial future and I appreciate him for this. You are truly a blessing and fantastic to work with.Deborah Johnson
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 www.academymortgage.com to find a loan, get a rate, or calculate your payment today.
When you miss your mortgage payments, foreclosure may occur. This is the legal means that your mortgage company can use to repossess (or take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage, your mortgage company or the U.S. Department of Housing and Urban Development (HUD) could seek a deficiency judgment. If that happens, you not only would lose your home, you also would owe your mortgage company or HUD the remaining balance on your debt. Foreclosure or a deficiency judgment could seriously affect your ability to qualify for credit in the future. So you should avoid it if at all possible!
DO NOT IGNORE THE LETTERS FROM YOUR MORTGAGE COMPANY. If you are having problems making your payments, contact your mortgage company immediately. Explain your situation. Be prepared to provide specific financial information, such as your monthly income and expenses. Without this information, your mortgage company may not be able to help. Stay in your home for now. You may not qualify for assistance if you abandon your property.
Some of your options include the following:
Your mortgage company may be able to arrange a repayment plan based on your financial situation. Your mortgage company may even provide for a temporary reduction or suspension of your payments. You may qualify for this if you have recently lost your job or your source of income or if you had an unexpected increase in living expenses. You must furnish information to your mortgage company to show that you would be able to meet the requirements of the new payment plan.
You may be able to modify the debt and/or extend the term of your mortgage by working with your mortgage servicer. This may help you catch up by reducing your monthly payments to a more affordable level. You may qualify for a modification if you have recovered from a financial problem but your net income is less than it was before the default (failure to pay). (Note: a modification is not a new loan, but instead a modification of the terms of your existing loan.)
Your mortgage company may be able to work with you to obtain an interest-free loan from HUD to bring your mortgage current. You may qualify if:
Your mortgage is at least four months delinquent but no more than 12 months delinquent.
Your mortgage is not in foreclosure.
You are able to begin making full mortgage payments.
When your mortgage company files a partial claim, HUD will pay your mortgage company the amount necessary to bring your mortgage current. You must execute a promissory note, and a lien will be placed on your property until the promissory note is paid in full. The promissory note is interest-free and will be due if you sell or leave your property or when your mortgage matures.
Pre-Foreclosure Short Sale
This will allow you to sell your property and pay off your mortgage to avoid foreclosure and damage to your credit rating. You may qualify if:
The “as is” appraised value of your home is at least 70 percent of the amount you owe and the sale price is 95 percent of the appraised value.
Your mortgage is at least two months delinquent prior to the pre-foreclosure sale closing date.
You are able to sell your house within three to five months (depending on what your mortgage company agrees to).
An additional benefit of this option is the assistance you will receive with the seller-paid closing costs.
Deed in Lieu of Foreclosure
As a last resort, you may be able to voluntarily “give back” your property to the mortgage company. This won’t save your house, but it can help your chances of getting another mortgage in the future. You can qualify if:
You are in default and don’t qualify for any of the other options.
Your attempts at selling the house before foreclosure were unsuccessful.
You don’t have another mortgage in default.
A housing counseling agency can help you determine which, if any, of these options may meet your needs. A good resource is www.hopenow.com; their phone number is 888-995-HOPE. You should also discuss the situation with your mortgage servicer.
One last thing, beware of scams! Solutions that sound too simple or too good to be true usually are. If you’re selling your home without professional guidance, beware of buyers who try to rush you through the process. Unfortunately, there are people who may try to take advantage of your financial difficulty. Be especially alert to the following:
In this type of scam, a “buyer” approaches you, offering to get you out of financial trouble by promising to pay off your mortgage or give you a sum of money when the property is sold. The “buyer” may suggest that you move out quickly and deed the property to him or her. The “buyer” then collects rent for a time, does not make any mortgage payments, and allows the mortgage company to foreclose. Remember that signing over your deed to someone else doesnotrelieve you of your obligation to make your payments on your loan.
Phony Counseling Agencies
Some groups calling themselves “counseling agencies” may approach you and offer to perform certain services for a fee. These could well be services you could do for yourself, for free, such as negotiating a new payment plan with your mortgage company or pursuing a pre-foreclosure sale. If you have any doubt about paying for such services, call a HUD-approved housing counseling agency. Do this before you pay anyone or sign anything.
Here are several precautions that should help you avoid being “taken” by scam artists:
Don’t sign any papers you don’t fully understand.
Make sure you get all “promises” in writing.
Beware of any loan assumption where you are not formally released from liability for your mortgage debt and contracts of sale.
Check with a lawyer or your mortgage company before entering into any deal involving your home.
If you’re selling the house yourself to avoid foreclosure, check to see if there are any complaints against the prospective buyer. You can contact your state’s Attorney General, the State Real Estate Commission, or the local District Attorney’s Consumer Fraud Unit for this type of information.
Please do not hesitate to contact your Academy Mortgage Loan Officer if you have any questions or are experiencing any difficulties with your mortgage.
This information deals with Chapter 7 consumer bankruptcy. Each state has its own bankruptcy laws, so you need to check with your state for details. Information dealing with Chapter 13 bankruptcy and consumer debt restructuring is not discussed above. The information provided is for general information purposes only and is not intended to be a legal opinion nor legal advice, nor is it intended to be a complete discussion of all the issues related to Chapter 7 consumer bankruptcy. Every individual’s factual situation is different, and you should seek independent legal advice regarding your specific situation.
Younger Homebuyers to Have Big Impact on Housing Market
The housing market has come a long way since since the bubble burst in 2008, and younger Americans are recognizing that now might be the time to buy. A recent survey from the PulteGroup showed that more than half of renters age 18 to 34 said their intentions to buy a home have increased in the last year.
While the reasons the survey respondents were interested in owning a home varied, some of which were for personal reasons, a large majority is expected to want to own a home, instead of rent, due to the rising rental costs and near record rates on residential mortgages.
"The propensity for young adults to test the waters of homeownership continues to increase and has become more evident as renters are seeing the overall value of owning a home," said Deborah Wahl, senior vice president and chief marketing officer at PulteGroup, noting that more than 50 percent of Millennials reported that the desire to own/build equity was the primary reason for purchasing a new home. "However, beyond finances, it is important for potential buyers to take several other factors into consideration."
Americans are confident in real estate
A separate report showed that Americans were more confident in May in their ability to buy and sell a home. According to Fannie Mae's May 2013 National Housing survey, 40 percent of the respondents said now is a good time to sell, accounting for a record share of people who felt that way. The report noted that last month, only 30 percent of respondents felt April was a good time to sell, while only 16 percent were confident in their ability to sell this time last year. Of the respondents, 76 percent said May was a good time to buy, up 5 percent on a month-over-month comparison.
"Sentiment toward selling a home appears to be catching up with the strengthening housing market," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "The share of consumers who think it's a good time to sell a home spiked this month, the largest increase in the survey's three-year history. This jump may foreshadow a gradual return to more normal levels of housing supply from their lows of recent months."
New home owners are encouraged to find a reputable mortgage lender that will ensure the homebuying process is as easy as possible.
Academy Mortgage is the #1 Independent Purchase Lenderas ranked in the 2012 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.