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If looking for a house or funding property is in your to-do listing, the Mortgage Workforce at Elevations Credit score Union would like to be your lending companion. Mortgage Mortgage Officer Alicia Bustamante has been educating Elevations members about their residential mortgage choices on the Denver Tech Heart (DTC) Mortgage Manufacturing Workplace since November 2021. Be taught extra about her 15 years within the credit score union trade and strategy to mortgage mortgage origination.
Alicia Bustamante helps Elevations members discover the very best residence loans, however she isn’t one to solely depend on checklists and spreadsheets. She additionally likes to talk.
Studying about members and discovering what their ultimate home cost appears like and reminding them that there are various sorts of mortgages accessible, helps her construct each a strong working relationship and the perfect mortgage.
“I’m stunned at how many individuals will really inform me, ‘We’ve talked with different mortgage officers, and no person’s ever defined these sorts of issues to us,’” she stated. “That’s simply form of baffling to me.”
Bustamante merely doesn’t depart any questions unanswered. In any case, a mortgage might be the biggest mortgage an individual will ever tackle of their lifetime. It’s greatest to know each step of the method.
“I like how a lot Elevations permits us to tailor loans to suit the wants of the people we’re working with and the way a lot they actually care about their membership base and workers,” she stated. “I like it right here. All people is super-duper good.”
Previous to becoming a member of the Elevations Mortgage Workforce, Bustamante labored at one other credit score union from 2007 to 2021. She began within the client lending division and ultimately migrated to mortgage lending in 2017. Throughout these years, she labored with Coloradans to safe private loans, auto loans, residence fairness traces of credit score and mortgages. She additionally labored in enterprise growth.
Explaining the mortgage approval course of and mortgage selections
Bustamante stated serving to individuals get into a wide range of mortgage sorts and educating them about their credit score helped her understand how a lot she enjoys the training element of mortgage origination.
Whether or not you’re a first-time homebuyer, rental property investor or property proprietor seeking to refinance an present mortgage, Bustamante is able to discover all of your choices. She’s glad to clarify the ins and outs of every mortgage sort and counsel which of them can be greatest on your particular person situation.
“I like working with first-time homebuyers as a result of I like educating them on the totally different merchandise just like the adjustable-rate mortgage (ARM), the traditional or the FHA, and explaining the variations so that they absolutely perceive what they’re stepping into,” she stated. “’Listed below are all of the choices on the desk. You decide which one you want essentially the most as a result of, on the finish of the day, you’re the one making the cost.’”
There for you earlier than and after closing
It’s not unusual for Bustamante to examine in with members after they get the keys to their residence. She desires to ensure they’re pleased with their expertise, are nonetheless getting their questions answered and know that she shall be there for them for the following steps within the home-buying journey, whether or not it’s a refinance in a couple of years, or upsizing or downsizing as life strikes ahead.
“It’s not, you understand, one and completed,” Bustamante stated in regards to the residence shopping for course of. “I all the time inform individuals, ‘You’re form of caught with me.’ Even after the mortgage is closed, I’m all the time prepared to inform individuals to name me if in case you have hassle along with your funds, or should you’ve received questions in your escrow accounts. Even when it’s not mortgage-related, name me and I’ll get you to the correct individual.”
And if the questions are math-based, it’s a bonus. Bustamante’s dad is a trigonometry trainer for honors highschool math college students. That love of numbers was handed right down to her, which explains why she enjoys diving deep into the calculations and percentages to make the mortgage course of a bit simpler for the individuals she works with.
A couple of suggestions for mortgage customers
If you happen to’re a first-time residence purchaser, or it’s been years because you’ve navigated the mortgage course of, Bustamante affords a couple of suggestions and reminders to achieve success:
- There aren’t any dumb questions — particularly while you’re taking over a big monetary accountability like a mortgage. So, ask away!
- Get a mortgage pre-approval earlier than you get too far into home looking. This helps you understand how a lot of a house you may afford.
- Ask about present charges and mortgage sorts, together with applications which will profit your scenario like down cost help or low-income financing choices.
- Shopping for a house brings up a rollercoaster of feelings from pleasure and happiness to emphasize and frustration. However, on the finish of the day, signing these closing papers makes all of it value it.
- Work with a lender who has a character you take pleasure in. You’ll be collaborating for a number of months and must get alongside.
“I encourage individuals to buy round, make sure that the lender you’re working with understands your wants, on the similar time offering you the very best mortgage possibility,” Bustamante stated, including that this helps members know what’s on the market and understand the worth and private consideration they obtain at Elevations.
Having enjoyable past crunching numbers
Bustamante and her husband are avid golfers and attempt to hit the course a minimum of as soon as per week in the course of the season. Once they aren’t on the golf green, they’re lacing up their sneakers to go on a nature hike with their three children and prolonged members of the family.
Through the college yr, the household is targeted on soccer practices and video games for the 2 boys and cheering on their daughter at softball or volleyball video games.
Are you prepared to talk about your private home financing choices? Contact Alicia Bustamante (NMLS# 1026613) by telephone at (720) 951-6427 or schedule an in-person go to on the Denver Tech Heart (DTC) Mortgage Manufacturing Workplace. You may as well ship her an e mail at alicia.bustamante@elevationscu.com.
Elevations is an equal alternative lender.
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