MEET OUR MORTGAGE PROFESSIONALS
Hello! My name is Marci Pipes.
When you choose to work with me, I will put my full 17 years of lending experience to work for you. In that time frame, I have worked at all levels of the lending process; as a loan officer, processor, manager of a large mortgage sales force, and a mortgage coach. The knowledge and familiarity of every facet of the process allow me to be creative when needed and create a smooth, seamless transaction. Whether it be a complicated investor purchase full of details needed to make a financial decision, a first-time buyer needing extra attention to understand the process or a high end home requiring breaking down a jumbo loan situation and the additional requirements, I take pride in ensuring every single one of my clients is comfortable and confident every step of the way.
Because of this, I have created a reputation for maintaining a high level of integrity, loyalty and keeping the client’s needs at the forefront of every decision. I believe that communication is the most important element in obtaining a mortgage loan and through consistent communication with my clients, I strive to create a “concierge level” experience second to none in the industry. For this reason, I continue to earn referrals from many of the most successful Real Estate Professionals.
We offer a spectrum of lending products including Conventional, FHA, VA, Jumbo and Construction financing. I am also able to do 100% financing through Utah Housing, USDA and City Grant Programs.
When not writing mortgage loans, I enjoy snowboarding, camping and spending time with my family, exploring other countries and giving back to our community.
Cell: (801) 635-4741
Direct: (385) 259-7988
Fax: (385) 388-1041
Website: New American Funding
Meet Cristie, Your Mortgage Professional
Cristie North (NMLS #7491) is a Mortgage Originator and Branch Manager with Graystone Mortgage, and she has been in the mortgage industry for 25 years. She has experience in originating, processing, underwriting, and branch managing. Her focus in the last 10 years has been on originating because it gives her the opportunity to work closely with her clients and develop long-standing relationships.
When you select to work with Cristie, you are really getting the whole North Team to ensure that you are taken care of every step of the way. This means top-rate processing and smooth, consistent communication throughout the process. It is our mission to create and maintain client confidence through competitive rates, superior client service, and stability. Whether you are a first-time home buyer, a buyer looking to upgrade or downsize, or an investor, Cristie will accommodate all of your needs with our wide array of available loan products.
Cristie values the relationships that she has established and encourages the opportunity to earn your business, but more importantly, the chance to impress you! The North Team looks forward to moving you in the right direction.
What is PMI & do you have to have it in your payment?
Before you freak out reading this we have options to avoid PMI and not put 20% down. We are outside of the box kind of thinkers but want you to know what everyone else is talking about.
Just contact us and we can tell you how we have our VIP buyers not put 20% down and not have to pay PMI.
ATeam contact information - Alicia Terry's direct line 801-885-1985 & Team number 385-312-0774
Email - ATeam@ateam-realty.com to get who ever is available to respond to you the fastest!
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance (PMI).
Freddie Mac defines PMI as:
“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.
Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”
As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that:
“The cost of PMI varies based on your loan-to-value ratio – the amount you owe on your mortgage compared to its value – and credit score, but you can expect to pay between $30 and $70 per month for every $100,000 borrowed.”
According to the National Association of Realtors, the average down payment for all buyers last year was 10%. For first-time buyers, that number dropped to 6%, while repeat buyers put down 14% (no doubt aided by the sale of their home). This just goes to show that for a large number of buyers last year, PMI did not stop them from buying their dream homes.
Here’s an example of the cost of a mortgage on a $200,000 home with a 5% down payment & PMI, compared to a 20% down payment without PMI:
The larger the down payment you can make, the lower your monthly housing cost will be, but Freddie Mac urges you to remember:
“It’s no doubt an added cost, but it’s enabling you to buy now and begin building equity versus waiting 5 to 10 years to build enough savings for a 20% down payment.”
If you have questions about whether you should buy now or wait until you’ve saved a larger down payment, meet with a professional in your area who can explain your market’s conditions and help you make the best decision for you and your family.
I hope you found this post informative. Please contact me for all your real estate needs!
Why Get Pre-Qualified?
1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
2. While a "pre-qual" is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
3. These days most sellers will NOT accept an offer without at least a pre-approval letter, so if you are serious about buying this is the first step towards getting you in your new home.
Have you ever worried about finding the lender that can help you with your home buying process? Worry no more, here are ATeam Utah's preferred lenders! We have worked with them for a long time and we assure you that they are the best lenders that have a vast experience in Real Estate!