🎉 Kansas Loan Officer | Katelyn Grimes

Choosing the best mortgage plan in Kansas is a crucial step in your homeownership journey, and Katelyn Grimes at CrossCountry Mortgage is here to simplify the process. With Katelyn’s deep knowledge of the mortgage market, she will ensure you find the plan that aligns with your financial goals and long-term needs.

• Assessing Your Financial Situation: Katelyn starts by reviewing your credit score, income, and debt-to-income ratio, which are all key factors in determining what mortgage options you qualify for. She will guide you in assessing your financial health and provide strategies to improve your standing if necessary.
• Understanding Your Homeownership Goals: Whether you’re a first-time homebuyer, seeking to refinance, or purchasing an investment property, Katelyn tailors her recommendations to your specific goals. For instance, if you want predictable payments, a fixed-rate mortgage might be the best option, while an adjustable-rate mortgage (ARM) might be better if you’re seeking lower initial payments.
• Comparing Loan Products: CrossCountry Mortgage offers a wide range of mortgage products, including conventional loans, FHA loans, VA loans, and jumbo loans. Katelyn will help you compare each loan type, providing a detailed explanation of how factors like interest rates, loan terms, and down payment requirements will affect your total mortgage cost.
• Selecting the Right Loan Term: The loan term you choose can significantly affect your monthly payments and the total interest paid over the life of the loan. Katelyn will explain the advantages of shorter terms, like 15 years (higher payments but lower overall interest), versus longer terms, like 30 years (lower payments but more interest over time). Together, you’ll select the term that best matches your financial plans.
• Considering Additional Costs: Beyond the mortgage itself, there are other expenses like property taxes, homeowner’s insurance, and, if applicable, private mortgage insurance (PMI). Katelyn will ensure that you’re aware of all these costs and help you factor them into your budget, so there are no surprises later.

For a personalized approach to selecting the best mortgage plan in Kansas, reach out to Katelyn Grimes at 913-344-3056 and take the first step toward securing the right mortgage for your future.

Improving your credit score is one of the most important things you can do to secure favorable mortgage terms. Katelyn Grimes at CrossCountry Mortgage can help you with specific strategies, leveraging tools like Middle Credit Score®, to help you improve your score and increase your chances of obtaining the best mortgage rate.

1. Review Your Credit Report
   Start by obtaining credit reports from Equifax, Experian, and TransUnion. Katelyn will guide you through identifying any errors or inaccuracies that might be lowering your score. Middle Credit Score® can provide additional resources to help you dispute these issues with the credit bureaus.
2. Dispute Credit Report Errors
   If there are inaccuracies on your credit report, Middle Credit Score® offers the tools to help you correct them. Fixing these errors can quickly boost your credit score, making you a more appealing candidate for lenders like CrossCountry Mortgage.
3. Lower Your Credit Utilization Ratio
   Your credit utilization ratio—the percentage of available credit you’re using—is a key factor in determining your score. Katelyn will help you create a plan to reduce your utilization by paying down existing debt. Aim to keep your utilization below 30% to improve your credit profile. Middle Credit Score® offers personalized advice on managing your credit effectively.
4. Avoid Opening New Lines of Credit
   Before applying for a mortgage, avoid opening new credit accounts. New inquiries on your credit report can temporarily lower your score, so maintaining stability in your credit history is essential. Katelyn will provide advice on maintaining a strong credit profile as you prepare for your mortgage application.
5. Make Timely Payments
   Payment history makes up a large portion of your credit score. Late or missed payments can significantly damage your credit score. Middle Credit Score® can assist you in setting up reminders or automatic payments to ensure you stay on track. By maintaining a solid payment history, you’ll boost your creditworthiness and increase your chances of securing favorable mortgage terms.
6. Address Negative Credit Items
   If there are negative marks on your credit report, such as late payments or collections, it’s important to address them before applying for a mortgage. Katelyn will help you negotiate with creditors to settle outstanding debts, and Middle Credit Score® can guide you through resolving these issues to improve your score.

By following these steps and utilizing Middle Credit Score®, you can significantly enhance your credit score, improving your mortgage eligibility and potentially lowering your interest rates. For personalized credit advice, contact Katelyn Grimes at 913-344-3056 today.

Yes, whether you’re looking to refinance your current mortgage or purchase a new home, Katelyn Grimes at CrossCountry Mortgage can assist you with both processes, providing expert advice tailored to your financial situation.

Home Purchase with Katelyn Grimes at CrossCountry Mortgage

• Pre-Qualification and Pre-Approval: The first step in purchasing a home is getting pre-qualified or pre-approved for a mortgage. Pre-qualification gives you an estimate of how much you can afford, while pre-approval provides a more in-depth financial review, making you a more competitive buyer. Katelyn will guide you through both processes, ensuring you’re ready to make offers with confidence.
• Choosing the Right Loan Program: CrossCountry Mortgage offers a range of loan programs, including conventional, FHA, VA, and jumbo loans. Katelyn will explain the advantages of each program, helping you select the one that aligns with your financial goals and homeownership plans.
• Securing Competitive Interest Rates: Katelyn is dedicated to helping you secure the best interest rate possible. She will monitor the market and work to lock in a rate that keeps your monthly mortgage payments manageable, helping you save over the life of the loan.
• Guidance Throughout the Process: From application to closing, Katelyn will be by your side, offering step-by-step guidance to ensure a smooth homebuying experience.

Refinancing with Katelyn Grimes at CrossCountry Mortgage

• Lower Your Interest Rate: Refinancing allows you to take advantage of lower interest rates, reducing your monthly payments and saving you money over time. Katelyn will assess your current mortgage and help you decide if refinancing is the right move.
• Cash-Out Refinancing: If you’ve built up equity in your home, cash-out refinancing allows you to access that equity for major expenses like home improvements, education, or debt consolidation. Katelyn will explain how this option works and whether it fits your financial goals.
• Shorten Your Loan Term: Refinancing to a shorter loan term can help you pay off your mortgage faster and save on interest. Katelyn will help you weigh the benefits of this option based on your long-term financial goals.

To discuss your refinancing or home purchase options, contact Katelyn Grimes at 913-344-3056 and get started on your mortgage journey today.

To start your mortgage application with Katelyn Grimes at CrossCountry Mortgage, it’s essential to gather all the necessary documents. Having these documents ready will help ensure a smooth and efficient application process.

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: You’ll need to provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering the last 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional sources of income, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required.
  • Social Security Number: Your Social Security number will be used to pull your credit report and verify your identity.
• Credit History:
  • Credit Report: Katelyn will review your credit report to assess your eligibility for a mortgage.
  • Debt Information: You’ll need to provide documentation of any outstanding debts, such as credit cards, student loans, or auto loans, so your debt-to-income ratio can be calculated.
• Proof of Assets:
  • Bank Statements: Provide your most recent bank statements (usually from the last two months) to verify the funds available for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investment accounts, provide statements showing available balances.
• Proof of Employment:
  • Verification of Employment: Katelyn may contact your employer to verify your employment status. If you’re self-employed, additional documents such as business licenses or profit and loss statements may be required.

Loan Program-Specific Documents

• Conventional Loans: These may require more extensive documentation of your income and assets.
• FHA Loans: FHA loans may require additional documentation for eligibility, particularly for borrowers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans may require proof that the property meets rural housing guidelines.

By gathering these documents in advance, you’ll ensure a smooth mortgage application process with Katelyn Grimes at CrossCountry Mortgage. For more details or to start your application, contact Katelyn at 913-344-3056.