Choosing the right mortgage plan is essential for securing the best terms and long-term financial stability. Nicole Rueth at Movement Mortgage can guide you through the decision-making process, ensuring you find a mortgage that aligns with your financial situation and homeownership goals in Arkansas.

• Assess Your Financial Health: The first step in selecting the right mortgage is reviewing your financial standing. Nicole will work with you to evaluate your income, credit score, savings, and debt-to-income ratio. A higher credit score typically qualifies you for lower interest rates, while a lower score may limit your options. If your credit needs improvement, Nicole can offer tips to help enhance it before applying for a mortgage.
• Understand Your Homeownership Goals: Whether you’re a first-time homebuyer or an experienced investor, your goals will influence the best mortgage plan for you. Nicole will discuss your long-term plans, such as how long you intend to stay in the home. For buyers seeking stability, a fixed-rate mortgage may be the best option, while buyers looking for lower initial payments may benefit from an adjustable-rate mortgage (ARM).
• Compare Loan Products: At Movement Mortgage, Nicole offers a variety of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. FHA loans are great for buyers with smaller down payments, while VA loans provide excellent benefits for veterans. Jumbo loans are designed for homes that exceed conventional loan limits. Nicole will help you compare these products to find the best fit for your financial situation.
• Consider Loan Terms and Interest Rates: The loan term you choose will significantly impact your monthly payments and interest costs. A 15-year mortgage offers higher monthly payments but saves you more on interest over the life of the loan. In contrast, a 30-year mortgage provides lower monthly payments but costs more in interest. Nicole will guide you through these options and help you select the best term and interest rate for your budget.
• Factor in Additional Costs: When choosing a mortgage plan, it’s important to consider other costs such as property taxes, homeowner’s insurance, and closing costs. If your down payment is less than 20%, you may also need to account for private mortgage insurance (PMI). Nicole will help you understand these expenses to ensure you’re financially prepared for homeownership.
• Customized Mortgage Solutions: At Movement Mortgage, Nicole provides personalized mortgage solutions tailored to your unique financial needs. She’ll help you find a plan that supports your long-term goals and provides peace of mind.

To find the best mortgage plan for your needs, contact Nicole Rueth at (303) 214-6393.

Improving your credit score is one of the most important steps you can take to secure better mortgage rates. Nicole Rueth at Movement Mortgage offers expert advice to help you enhance your credit score, ensuring you qualify for the best terms when applying for a mortgage.

1. Review Your Credit Report
   The first step to improving your credit score is to review your credit report for any errors or inaccuracies. Nicole can help you obtain a copy of your report from the major credit bureaus—Equifax, Experian, and TransUnion. It’s important to check for any mistakes, such as incorrect balances or outdated information, that could lower your score.
2. Dispute Inaccuracies
   If you find errors on your credit report, disputing them with the credit bureaus is crucial. Nicole can assist you in the dispute process, ensuring your report accurately reflects your credit history. Correcting mistakes can quickly improve your score, making you more attractive to lenders.
3. Pay Down Credit Card Balances
   One of the fastest ways to boost your credit score is by paying down your credit card balances. Lenders look at your credit utilization ratio—the amount of credit you’re using compared to your available credit. Keeping your credit utilization below 30% will improve your score. Nicole can help you create a strategy to reduce your debt and increase your score before applying for a mortgage.
4. Avoid New Credit Applications
   Applying for new credit before securing a mortgage can negatively impact your score. Each new credit inquiry lowers your score slightly and increases your debt-to-income ratio. To avoid this, Nicole advises against opening any new credit accounts for at least six months before applying for a mortgage.
5. Make Timely Payments
   Payment history is one of the most important factors in determining your credit score. Make sure all of your bills—credit cards, loans, and utilities—are paid on time to maintain a positive payment history. Nicole recommends setting up automatic payments or reminders to avoid missing due dates and harming your score.
6. Address Negative Items on Your Credit Report
   If there are any negative items on your credit report, such as late payments or collections, resolving them before applying for a mortgage is crucial. Nicole can guide you through negotiating with creditors to settle any outstanding debts and potentially remove negative marks from your report.

By following these steps, you can enhance your credit score and secure better mortgage terms. For personalized advice on improving your credit score, contact Nicole Rueth at (303) 214-6393.

Whether you’re looking to refinance or purchase a new home, Nicole Rueth at Movement Mortgage is here to guide you through the process, offering personalized solutions to meet your financial needs.

Home Purchase with Nicole Rueth at Movement Mortgage

• Pre-Qualification and Pre-Approval: The first step in purchasing a home is obtaining pre-qualification or pre-approval for a mortgage. Pre-qualification gives you an estimate of how much you can borrow based on your financial information, while pre-approval involves a more in-depth review of your finances, strengthening your position as a buyer. Nicole will help you navigate both processes and ensure you’re ready to make offers with confidence.
• Selecting the Right Loan Product: Nicole offers a wide range of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. Depending on your financial situation and the type of property you’re purchasing, Nicole will help you choose the best loan product. For example, jumbo loans are ideal for higher-value properties, while VA loans provide significant benefits to veterans, including no down payment.
• Locking in a Competitive Interest Rate: Interest rates play a significant role in determining your monthly payments. Nicole monitors the mortgage market closely and will help you secure the best possible rate, saving you money over the life of your loan.
• Personalized Homebuying Support: Buying a home is a significant financial decision, and Nicole provides personalized support throughout the process. From the initial application to closing, she’ll ensure that the experience is smooth, stress-free, and aligned with your goals.

Refinancing with Nicole Rueth at Movement Mortgage

• Lower Your Interest Rate: Refinancing can help you secure a lower interest rate, potentially reducing your monthly payments. Nicole will help you assess whether refinancing is the right option based on your current loan terms and market conditions.
• Cash-Out Refinancing: For homeowners who have built up equity, cash-out refinancing allows you to borrow against that equity to fund major expenses, such as home improvements or debt consolidation. Nicole will guide you through the process and help you determine if this option fits your financial needs.
• Shorten Your Loan Term: Refinancing can also give you the opportunity to shorten the term of your loan. While this may increase your monthly payments, it will reduce the amount of interest paid over the life of the loan. Nicole will help you decide if this option is the best fit for your financial situation.

Whether you’re buying a new home or refinancing, Nicole Rueth at Movement Mortgage is here to assist you. Contact Nicole at (303) 214-6393 to explore your options today.

To start your mortgage application with Nicole Rueth at Movement Mortgage, it’s important to gather the necessary documents to ensure a smooth and efficient process. Having these documents ready will help expedite your application and reduce delays. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: 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 at least 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 your federal tax returns for the past two years to verify your income.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
  • Social Security Number: This will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Nicole will review your credit report to assess your eligibility for a mortgage.
  • Debt Information: You’ll need to provide documentation of any outstanding debts (credit cards, student loans, or car loans) to calculate your debt-to-income ratio.
• Proof of Assets:
  • Bank Statements: Provide the last two months of bank statements to verify your available funds for a down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investment accounts, you’ll need to provide statements showing the available balances.
• Proof of Employment:
  • Verification of Employment: Nicole may contact your employer to verify your employment status. If you’re self-employed, you’ll need to provide additional documentation, such as business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the loan program you’re applying for, additional documents may be required:

• Conventional Loans: Typically require more extensive documentation of your income and assets.
• FHA Loans: Designed for borrowers with lower credit scores, FHA loans may require additional documentation to prove eligibility.
• VA Loans: Veterans and active-duty military members applying for VA loans will need a Certificate of Eligibility (COE) and, in some cases, military discharge papers.
• USDA Loans: For rural homebuyers, USDA loans require documentation proving that the property meets USDA guidelines.

By gathering these documents ahead of time, you’ll ensure a smooth mortgage application process with Nicole Rueth at Movement Mortgage. For more information or to begin your application, contact Nicole at (303) 214-6393 today.