If searching for a house or funding property is in your to-do listing, the Mortgage Group at Elevations Credit score Union would like to be your lending accomplice. Mortgage Mortgage Officer Alicia Bustamante has been educating Elevations members about their residential mortgage choices on the Denver Tech Heart (DTC) Mortgage Manufacturing Workplace since November 2021. Study extra about her 15 years within the credit score union trade and method to mortgage mortgage origination.
Alicia Bustamante helps Elevations members discover the perfect residence loans, however she isn’t one to solely depend on checklists and spreadsheets. She additionally likes to talk.
Studying about members and discovering what their ultimate home fee appears to be like like and reminding them that there are numerous forms of mortgages accessible, helps her construct each a strong working relationship and the best mortgage.
“I’m shocked at how many individuals will truly inform me, ‘We’ve talked with different mortgage officers, and no one’s ever defined these forms of issues to us,’” she stated. “That’s simply sort of baffling to me.”
Bustamante merely doesn’t go away any questions unanswered. In any case, a mortgage might be the biggest mortgage an individual will ever tackle of their lifetime. It’s greatest to grasp each step of the method.
“I like how a lot Elevations permits us to tailor loans to suit the wants of the people we’re working with and the way a lot they actually care about their membership base and staff,” she stated. “I like it right here. All people is super-duper good.”
Previous to becoming a member of the Elevations Mortgage Group, Bustamante labored at one other credit score union from 2007 to 2021. She began within the client lending division and ultimately migrated to mortgage lending in 2017. Throughout these years, she labored with Coloradans to safe private loans, auto loans, residence fairness traces of credit score and mortgages. She additionally labored in enterprise improvement.
Explaining the mortgage approval course of and mortgage selections
Bustamante stated serving to individuals get into quite a lot of mortgage sorts and educating them about their credit score helped her understand how a lot she enjoys the schooling element of mortgage origination.
Whether or not you’re a first-time homebuyer, rental property investor or property proprietor seeking to refinance an present mortgage, Bustamante is able to discover all of your choices. She’s completely satisfied to elucidate the ins and outs of every mortgage kind and recommend which of them can be greatest in your particular person situation.
“I like working with first-time homebuyers as a result of I like educating them on the totally different merchandise just like the adjustable-rate mortgage (ARM), the traditional or the FHA, and explaining the variations so that they absolutely perceive what they’re entering into,” she stated. “’Listed below are all of the choices on the desk. You choose which one you want essentially the most as a result of, on the finish of the day, you’re the one making the fee.’”
There for you earlier than and after closing
It’s not unusual for Bustamante to examine in with members after they get the keys to their residence. She desires to verify they’re pleased with their expertise, are nonetheless getting their questions answered and know that she might be there for them for the following steps within the home-buying journey, whether or not it’s a refinance in a number of years, or upsizing or downsizing as life strikes ahead.
“It’s not, you recognize, one and finished,” Bustamante stated concerning the residence shopping for course of. “I at all times inform individuals, ‘You’re sort of caught with me.’ Even after the mortgage is closed, I’m at all times keen to inform individuals to name me if in case you have hassle together with your funds, or in case you’ve bought questions in your escrow accounts. Even when it’s not mortgage-related, name me and I’ll get you to the suitable individual.”
And if the questions are math-based, it’s a bonus. Bustamante’s dad is a trigonometry trainer for honors highschool math college students. That love of numbers was handed all the way down to her, which explains why she enjoys diving deep into the calculations and percentages to make the mortgage course of a bit simpler for the individuals she works with.
A couple of suggestions for mortgage consumers
For those who’re a first-time residence purchaser, or it’s been years because you’ve navigated the mortgage course of, Bustamante provides a number of suggestions and reminders to achieve success:
- There are not any dumb questions — particularly whenever you’re taking over a big monetary accountability like a mortgage. So, ask away!
- Get a mortgage pre-approval earlier than you get too far into home looking. This helps you understand how a lot of a house you possibly can afford.
- Ask about present charges and mortgage sorts, together with packages which will profit your scenario like down fee help or low-income financing choices.
- Shopping for a house brings up a rollercoaster of feelings from pleasure and happiness to emphasize and frustration. However, on the finish of the day, signing these closing papers makes all of it price it.
- Work with a lender who has a persona you take pleasure in. You’ll be collaborating for a number of months and have to get alongside.
“I encourage individuals to buy round, make certain the lender you’re working with understands your wants, on the identical time offering you the perfect mortgage choice,” Bustamante stated, including that this helps members know what’s on the market and understand the worth and private consideration they obtain at Elevations.
Having enjoyable past crunching numbers
Bustamante and her husband are avid golfers and attempt to hit the course no less than as soon as per week through the season. Once they aren’t on the green, they’re lacing up their sneakers to go on a nature hike with their three children and prolonged members of the family.
Through the college yr, the household is concentrated on soccer practices and video games for the 2 boys and cheering on their daughter at softball or volleyball video games.
Are you prepared to talk about your private home financing choices? Contact Alicia Bustamante (NMLS# 1026613) by telephone at (720) 951-6427 or schedule an in-person go to on the Denver Tech Heart (DTC) Mortgage Manufacturing Workplace. You too can ship her an e mail at email@example.com.
Elevations is an equal alternative lender.