Ray is the Sales Manager and Loan Officer for Academy Mortgage Corporation in Yuma, Arizona. Ray has over 20 years of experience in mortgage lending as both a mortgage broker and as a mortgage banker. Additionally, Ray also has over 30 years of business experience in Yuma as an owner of another business in the private business sector.
What is important:
Building client relationships is the cornerstone of Ray's business philosophy. His highly evolved customer service and problem solving skills enable him to provide all of his clients with an accurate, credible, patient, and principled experience when he works with them to obtain their dream home, or to re-finance their current home. Ray prides himself on his integrity and honesty, and has had the great fortune to make innumerable life-long friends in his many years in business.
Handing out Keys To Home Ownership
One unique component of Ray's remarkable and passionate customer service, is in how he provides a qualified education experience for his clients. He does this via classes, seminars and in assisting them in to strategizing their best credit position for their needs. Ray has a tenured approach to working with a range of needs: anything from first-time homebuyers to navigating complicated transactions. These are all specialized purchases that Ray is uniquely qualified to guide his clients through.
Ray has been a resident of Yuma for the past 48 years. He attended the University of Arizona and majored in Business Management. Ray and his wife Alison, attended Kofa High School and the UofA together. Although they are empty nesters, between them they have three children. Tyler, with his love of improv comedy, is residing in Mesa, AZ. Kayla, is recently graduated from NAU is residing in Flagstaff, AZ. Connor, is pursuing a music career, and residing in Nashville, TN.
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.