A new year often brings a slew of resolutions to lose weight, spend more time with family and friends, and improve your finances. Statistics indicate that only 8% of us are actually successful in achieving our resolutions.

If a new home, vacation home, home renovation, home loan refinance or investment property are on your list of resolutions for 2016, I can help make that resolution a successful reality.

2016 Goals

A New Home

Buying a new home is an exciting, but busy and stressful time. Find a lender (i.e. me!) early in the process, and make sure you understand the documentation requirements and process up front. Even if you’ve purchased a home before, the process today is different than in years past, particularly with the recent implementation of new industry guidelines and documents (such as the Loan Estimate and Closing Disclosure).

Getting pre-qualified before you find your new home is a great first step to minimize stress. With a pre-qualification, you know how much home you can afford and have a tool in hand to show the sellers that you are a serious buyer.

Be ready to provide a lot of documentation. From bank statements to tax returns and a copy of your driver’s license, the process today requires a lot of information. At PrimeLending, we offer a tool called PointServ that can help make providing documentation easier and faster.

The more you know up front, the smoother (and less stressful) the loan process will be.

Vacation Home

If you are buying a vacation home, there are lots of things to consider from where to buy to financing. Working with an experienced realtor and lender are key to a successful purchase and better future vacations. Make sure you understand why you want to buy a vacation home, budget realistically, and know the tax implications. And most importantly, expect the financing process to be more complicated. An expert lender (like me) will help you learn what to expect up front and can help make the process smoother and faster. (Check out my upcoming post “5 Tips for Buying a Vacation Home” in mid-January.)

Home Renovation

Home renovation is on the rise in recent years. A great way to finance that renovation is through a renovation loan. By refinancing your current home loan, plus the amount needed for the renovations, you can distribute your renovation costs over the term of your home loan vs. paying cash up front for the work. Such loans follow the standard loan process and documentation requirements, with the additional needs for renovation estimates and contractor information. Renovation loans have time limits within in which the renovation is to be completed, typically 45, 60, 90 or 180 days.

An alternative route is a Cash Out Refinance, in which you take equity out of your home for cash. You can use the cash for whatever you desire, whether that be a renovation, a vacation, or something else entirely.


If you haven’t refinanced in a few years, it might be time to consider it. While the Fed has recently raised rates, mortgage rates are still at historic lows. An expert lender (i.e. me) can identify the refinance options to meet your goals, whether saving money each month, reducing your interest rate, or speeding the time to pay off your house.

Investment Property

An investment property is a great way to build your financial portfolio. If done right, you can gain significant equity while your tenant pays your monthly costs. Similar to buying a vacation home, buying an investment property is more complicated than buying a primary home. An expert lender can help you understand your budget and identify loan options that work for your goals.


Wishing you a Happy and Successful 2016!