In this edition of Beyond The Transaction...
Meet Our Mortgage Expert, Barry Faith
Meet Our Mortgage Expert, Barry Faith
An Exclusive Interview
Did you know June was National Homeownership Month? Throughout the month, we posted Mortgage Monday tips and tricks on social media channels and interviewed our in-house mortgage expert, Barry Faith. Check out a *snapshot* of what he said and what you need to know when you buy your next house.
Q: What is your role at Partners 1st Federal Credit Union?
I am a Mortgage Loan Originator. If someone is interested in buying, building, or refinancing a home, I help them see what they would qualify for and provide our different options to help choose the best fit for them.
Q: When is a good time to buy?
When you are READY. When you have your debts in order, have saved up funds for a down payment, closing costs, moving expenses, and still have emergency reserves. So many life situations happen. It’s best to discuss this with your mortgage loan originator. They can guide you on when it’s right.
Q: Why should a member get pre-approved for a mortgage?
A pre-approval allows the member to put an offer on a home in confidence, knowing they can secure financing for the amount, as well as knowing that the payment will keep them within their budget. It also conveys to realtors that they are serious about the loan.
Q: How does a member know which mortgage option is best for them?
It starts with a conversation with their mortgage loan originator. They will explain all the options available and will help the buyer make a decision that best suits their wants as well as needs.
If you are ready to start your home search, give Barry a call at 800.728.8943 or email our mortgage team at mortgage@partners1stcu.org.

