Summary

In this episode of Maine Mortgage Minute, Alina Burke discusses essential insights for first-time home buyers, including common regrets, the importance of understanding pre-approval versus pre-qualification, and the value of working with local lenders. She emphasizes the need for a supportive team and debunks the myth that a 20% down payment is necessary to buy a home. Alina encourages listeners to ask questions and seek guidance to make informed financial decisions in their home buying journey.

In this episode, Alina Burke discusses the significant advantages of working with local lenders in the mortgage process. She emphasizes the personalized service, local expertise, and community investment that local lenders provide, which can lead to faster processing and tailored solutions for borrowers. Additionally, she addresses common questions about mortgage payments, including how they can fluctuate over time due to various factors.

In this episode of Maine Mortgage Minute, Alina Burke discusses how to find the right realtor for buying or selling a home. She emphasizes the importance of doing research, asking the right questions, and setting expectations with your realtor. Alina also covers the closing process and how communication plays a crucial role in ensuring a smooth transaction.

In this episode of Maine Mortgage Minute, Alina Burke shares her personal journey into mortgage lending, driven by a desire to protect clients from predatory lending practices. Alina also reflects on her advocacy efforts in the industry and her commitment to helping people achieve their homeownership dreams. She discusses the critical differences between pre-qualification and pre-approval in the mortgage process, emphasizing the importance of thorough verification for home buyers.