Veronica Schoel

NMLS# 210134

Loan Officer

Veronica Schoel
Loan Officer

NMLS# 210134
State Lic: CA # CA-DOC210134;
1210 Stabler Lane
Yuba City, CA 95993
Direct: (530) 671-4214
Mobile: (530) 682-4762
veronica.schoel@academymortgage.com

Academy's My Mortgage App

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.

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 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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We are proud to be one of the top independent purchase lenders in the country. We achieved this distinction by continually providing exceptional customer service and by following responsible lending practices, especially in today’s rapidly changing economy.Adam Kessler, CEO, Academy Mortgage

NMLS# 210134

State Lic: CA: CA-DOC210134;

Corp Lic: CA: 4170013;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;

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Why paying all cash for a house might not be a smart move

As consumers enter the housing market this summer, many may be disappointed to find limited options. Low inventory has been a theme in many parts of the U.S. this year, inciting bidding wars, increasing home prices and frustrated homebuyers.

In a market such as this, homebuyers can easily feel like they have little control over their future home purchase. Fortunately, there are several techniques consumers can employ to tip the scales in their favor.

One strategy is to put forward more cash; a bigger down payment is attractive to the seller, and will lower your monthly mortgage payments. Some may feel tempted to take this strategy one step further and opt for the all-cash purchase.

For those who can afford to pay for a house outright, it's likely that offer will pique the seller's attention. Plus, they will enjoy owning a home with no mortgage payments. However, this strategy may not be as smart as one might think. In fact, there are several reasons a consumer may benefit from taking the loan rather than paying all cash.

Keep your cash

Cash is king - so why would you want to spend it all at once? By taking out a mortgage, you'll likely leave a hefty sum to continue accruing interest in your bank account. This money can be used for your next major purchase or on an emergency.

Or, you can invest your leftover funds elsewhere. Consider buying stocks, bonds or mutual funds to grow your wealth. If you already have your money in high-performing investments, this is all the more reason to keep it there rather than taking it out for the home purchase.

You qualify for an affordable residential mortgage

If you're considering paying all-cash for a house, chances are high that a lender will loan you the money for a low rate, U.S. News & World Report pointed out. Rates right now are close to the 4% mark, down from the start of the year, when they were closer to 4.2%, according to data from Freddie Mac.

Home values fluctuate

Few houses on the market and a plethora of buyers can create an atmosphere that might benefit the seller, but frustrate consumers. According to the National Association of Realtors, prices were rising at a clip of 6.8% as of March. Though today's tight market is encouraging higher bids, this won't always be the case. Consider what the market will look like down the road when you decide it's time to sell the house. There's no guarantee that it'll be valued at or above the price you pay today. To protect your investment, it might be a good idea to shy away from putting up all your cash, U.S. News & World Report noted.

Everyone loves a tax break

Tax season is over for the year, and few people are sad to see it go. In fact, you may not want to give taxes a second thought until W2s are sent out again. However, it's important to consider how your actions throughout the year will affect your tax return.

Every mortgage borrower is eligible for a healthy tax break in the form of a mortgage interest deduction. Depending on your loan term, amount and interest rate, you could increase your tax return by several thousand dollars. Time Money pointed out that many homeowners enjoy returns of $10,000 or more.

Paying all cash for a home may be a good option for some people. After all, it is a good way to enter homeownership debt-free and will likely put you ahead of at least some of the homebuying competition. However, there are downsides to this strategy as well. To learn more about the pros and cons of this transaction, talk to the lenders at Academy Mortgage.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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3 home improvement projects to consider this summer

Now that summer has officially arrived, many homeowners will begin seeking out updates to make to their houses.

But not all home improvement projects were created equally. First, you'll want to choose something that'll improve your comfort or enjoyment in the home. Next, it's important that the project be feasibly completed with quality while still being within your budget. Finally, it's always a good idea to choose an upgrade that'll benefit the home's value.

Here are three popular options among homeowners this summer:

Build a deck

Summer is all about being outdoors with friends and family. Whether you're hosting a big gathering or just relaxing in your backyard, a deck can provide the perfect spot to grill or chill out. There are plenty of decking material options, but many consumers opt for wood. A wood deck has visual appeal, plus it's more cost-effective than composite options, FortuneBuilders reported.

The typical wooden deck project costs around $11,000, according to Remodeling. However, the average homeowner will recoup around 71.5 percent of that.

Though wooden decks might be more popular for aesthetics and upfront costs, composite decks tend to be more long-lasting and require less maintenance. These will cost closer to $17,000 upfront, though they'll likely get around $11,000 back in the sale of the home.

Upgrade your yard

Adding some dimension or color to your yard is another way to make outdoor get-togethers more appealing. Landscaping is one of the most popular home improvement project requests, FortuneBuilders noted. Plus, curb appeal is one of the best things you can do for your home's value - it is the first thing future buyers will see, after all.

Bushes, trees and flower gardens are all great additions. Plus, if you choose the right plants and the right location, you can improve your home's energy efficiency, according to the Department of Energy. To maximize this benefit, plant trees in strategic locations to provide shade to your home. If you plan to install several in your yard, orient them so they direct wind toward your home for greater cooling potential.

The cost of landscaping depends on the size and scope of the project. But, FortuneBuilders recommended estimating the price to be around $3,000; it could add around 28 percent to the home.

Clear away drafts with new windows

Summer is the perfect time to address those drafty windows that kept you cold all winter long. But new windows aren't just good for energy efficiency; dual-pane windows will also block more noise from the outdoors.

New windows can be pricey, but they're often well worth it. A wood frame window replacement generally costs around $18,759, and homeowners may get as much as $13,691 back in the sale. This option is generally chosen for aesthetics. The biggest downside is the upkeep - making sure the wood doesn't warp, and repainting when it begins to peel.

To avoid the maintenance and for a lower price, other homeowners go with vinyl frames. Replacing windows with this choice costs about $15,000. At the time of sale, homeowners may get around $11,000 back for these windows.

Financing home improvement projects this summer

Making updates to a house is often just a part of being a homeowner. However, there's no denying that while these upgrades are often fun and exciting, they can be a bit expensive. For this reason, many people seek out renovation loans to help space their payments out over time.

Academy Mortgage has several renovation loan options for homeowners looking to vamp up the property they purchase or refinance this summer. Ask about Fannie Mae's HomeStyle loan, which caters to homeowners planning on making structural updates or minor repairs to their houses this summer. Or, if you're ready to take on a larger project, consider the FHA 203(k) full loan. For this, a borrower should plan to spend $5,000 or more on structural changes or minor repairs. Rates are currently low, making this summer a prime opportunity for people to make home upgrades with a refinance and renovation loan.

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2015 CoreLogic Marketrac Report. Visit www.academymortgage.com to find a loan, get a rate, or calculate your payment today.

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10 STEPS TO HOMEOWNERSHIP

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

1. Loan pre-qualification. Pre-qualification allows you to search for a home that you can afford based on your credit, income, and assets.

2. Home search. Once pre-qualified, 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 loan application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. An inspection of the property is also conducted if you request it. A home inspection is optional, while an appraisal is required by Academy Mortgage.

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. 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 settlement agent.

9. Close of escrow. The loan funds are disbursed to the entitles parties and escrow is "closed."

10. Confirmation of recording. Documents that transfer titles are recorded with the county to legalize you as the new property owner.

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

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