Lindsey Baab-Akers

Hi, I'm Lindsey, a 30 year veteran in the mortgage business who loves helping people purchase a house to call their own. Whether this is your first home or next, I'll listen carefully to have a complete understanding of your goals and circumstances. If you're a first-time homebuyer, I'll walk you through each step of the loan process and resolve any questions you may have.As part of our Beavercreek, OH branch at America's #1 Retail Mortgage Lender, we'll discuss new products and how staple programs like conventional, jumbo, FHA, and VA have evolved to meet your needs. From pre-approval to closing and beyond, I'll make sure you know what's happening with your mortgage and be available to guide you every step of the way. I look forward to providing you with outstanding customer service and a personalized home financing experience.I'm married to the love of my life with two beautiful children.What does this mean for you? Mortgage rates typically move in the same direction, although they aren't tied directly to the Fed decision.If you want to buy a home or refinance, understand your mortgage choices with a pre-approval. Getting ready now means you can move quickly when you find the perfect home or the rate that makes a refi work for you.Refinancing costs typically range from 2% to 6% of the loan amount and include fees such as appraisal, title insurance, and closing costs. Factors like your loan type, location, and credit score can significantly impact these expenses. Our team can help to provide strategies that can help minimize costs.To determine how much home you can afford, you'll want to assess your financial situation. This includes your income, expenses, and debt-to-income ratio, to ensure your mortgage fits comfortably within your budget. A general guideline is to spend no more than 28% of your gross monthly income on housing costs and 36% on total debt.A good credit score typically starts at 620 for conventional loans, while FHA and VA loans may accept scores as low as 500, though higher scores offer better terms. A strong credit score can help you secure lower interest rates, saving you significant money over the life of a home loan.A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. HELOCs function like a credit card, giving access to funds up to a set limit, which can be used for expenses like renovations or debt consolidation. You only pay interest on the amount you borrow, and the repayment terms typically include a draw period followed by a repayment period.To calculate your mortgage payments, start with your loan amount, interest rate, and loan term. Your payment will depend on the interest charged over time and the repayment schedule. You can use a monthlyor connect with us to learn more.