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Edward Stojancevich
RMLO NMLS 368666
c: (219) 973-6644
o: (219) 794-0600 ext 253
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8585 Broadway, Suite 600
Merrillville, IN 46410
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Homebuyer’s Guide

Be Prepared When Buying a Home

It’s important to be prepared when buying a home. To help you in doing so, we have assembled information to guide you through the home buying process. If you have any questions concerning the home loan process, please contact me. I am easily available and ready to assist you with your mortgage needs.

Step 1: Planning For Success Before you start searching for a home, it makes sense to have a solid home buying plan in place. It’s important that you know certain things, like why you want to own a home, what price can you afford, your home buying options, who will you work with, etc.

Step 2: Understanding Mortgage Rates

  • What should I do first? First, consider whether you want to buy a home based on your personal situation. Understanding the benefits of owning, including the potential tax adjustments, is a good place to start.
  • How much can you afford? If you decide to buy a home, the next question would be to find out how much house you can afford. Creating a home buying budget can help you set realistic goals.
  • What type of house? Once you have a budget in place, consider the different types of housing options.
  • Who can help? A&M Mortgage will be here for you every step of the way.

Once you have the home buying plan in place, you’ll need to spend some time in understanding mortgage rates, discount points, and annual percentage rates (APR), among other things. Mortgage interest rates may vary widely depending on a number of factors and your choices can help you get the lowest rate possible. Loans for Low-Income Homebuyers -

  • Choosing between a fixed or adjustable rate is an important decision that you’ll need to make when you select a mortgage.
  • Shorter terms tend to produce lower interest rates.
  • Paying discount points upfront can help lower your interest rate over time.

Depending on your personal situation, there may be a number of additional ways to lower your interest rate. If your state or local government considers you to be a low-income homebuyer, you may be eligible for the special low-rate loan programs. Your A&M Mortgage representative will be happy to assist you in one of our Down Payment Assistance programs.

Step 3: Getting Organized

Get organized by knowing your credit history, gathering together your personal financial information, and learning more about the different types of mortgages and rates that are available. Getting ready ahead of time will help the process move quickly and smoothly. Take the following steps before you begin the prequalification process.

Step 4: Contact Us

  • Review your history: It’s a good idea to understand your credit score and review your credit history at the beginning of the process. Even if you have less-than-perfect credit, you may still qualify for a mortgage.
  • Gather your financial records: A&M Mortgage will require specific financial records to approve and process your loan.

Before you start shopping for a house, talk to a A&M Mortgage loan officer. They can provide you with valuable advice about the home buying and mortgage processes, and can help you get qualified for a loan. They can explain all of the rate and discount points, and help you consider all of your financing options.

Step 5: Find a Home

  • Advice you can count on. Your A&M Mortgage loan officer has experience in working with all types of homebuyers needs. They can help you find the right loan to fit the needs of you and your family.
  • The importance of prequalification. When you get prequalified, you aren’t actually applying for a mortgage, but asking a lender to help you create a reasonable home-shopping budget.

Now that you’ve established a home-buying budget, the next step is to find a house. A&M Mortgage can give you advice on making an offer and when to apply for your mortgage. To make your search easier, A&M Mortgage can provide you with a Homebuyer Checklist to help you keep track of the properties you visit. By checking off the specific features of each home you visit, you’ll find it easier to compare your choices when it’s time to make your final decision. But before you begin your search, you’ll need to make a few key decisions.

  • What do you want in a home?
  • How many bedrooms do you need?
  • Do you require a garage or a basement?
  • What kind of schools are in the area?

Will You Work With a Real Estate Agent? Many homebuyers choose to work with a real estate agent to find a home. Since finding a home, negotiating the contract and closing the deal is such an important process, an experienced agent can provide guidance to help you avoid potential pitfalls. A reputable buyer’s agent should have vast knowledge of the real estate, price trends and neighborhood conditions. The agent will help you shop for your home, tour properties and be your negotiator, if bargaining over price is necessary. Who Is a Buyer’s Agent? A buyer’s agent is a real estate agent who represents only you and the purchase of your home. Be sure that you understand whom the agent is representing in a transaction. Remember that a seller’s agent is working for the seller - not you. Buyers are interested in getting the lowest price possible. If you decide to use a real estate agent, you should take great care in selecting one who meets your needs.

  • As a buyer, there’s typically no cost to you in working with a buyer’s agent.
  • Typically, the buyer’s agent receives part of the commission paid by the seller upon the sale of the home.

Step 6: The Road to Closing

You’ll need to make a number of important decisions between applying for a mortgage and closing the sale. A&M Mortgage can help you prepare. The “closing” occurs when the finalized loan documents are signed and the mortgage funds are disbursed. At this time, you will officially own your home! It is important to understand what happens in the closing process before you get to it. This ensures everything is in place for a smooth closing.

Step 7: Service Continues

Once your home purchase is complete, our A&M Mortgage representatives will be available to answer all of your questions during the life of your mortgage. A&M Mortgage will be your Lender for Life.

Residential Mortgage Loan Originators

My A&M Mortgage Group team is built upon a reputation for excellence in client service, extensive industry experience and a dedicated commitment to our clients. I have witnessed many changes in lending programs which has prepared me to answer all of your questions and concerns when buying a home. Purchasing a home is one of the biggest investments that a person will make in their lifetime and you should be well informed and make sure you are getting the best mortgage program for you and your family.


Loan Center

Checklist

What you will need to ensure a smooth home mortgage process.

Loan Options

There are several loan options available when purchasing a home.

Down Payment Assistance

Find out more about special programs and who qualifies.

Calculator

Wondering how much you can finance?

Testimonials

What more could we ask for? Ed was wonderful to work with. We received a super low rate, low closing costs and closed in less than 30 days. We are so very happy with the service and the whole process, oh and of course our new home! Ed knows lending like the back of his hand! If you are looking to buy a home or refinance or anything, you need to call this man!

Laura S. (Buyer)

Ed was very knowledgeable, and when it came to closing on home he made it happen sooner than expected. Worked with me all the way especially when it came to telling me what I needed to do to get myself where I needed to be in order to purchase my home. Ed is someone that's takes pride in his work and helping others would defiantly work with him in the future

Michael C. (Buyer)

We recently worked with Ed to buy our new house in Valparaiso. He was extremely organized and helpful in the home buying process. He helped make it easy & would recommend him to anyone needing mortgage services!!

Jake and Debra L. (Buyers)

As a first time homebuyer, my wife and I found it extremely difficult to get any local bank interested in returning our calls as we tried to navigate the mortgage process. I made the decision to contact Ed after seeing he had great referrals on Trulia. I can't over emphasize what a good decision we made. After contacting Ed, I had a response in less than 24 hours and we immediately scheduled a meeting. Ed did an amazing job of helping us understand the process and then getting us prequalified in short order. Ed called me and stayed in contact with me throughout our search for a home which we found to be quite comforting. He answered phone calls and returned emails as I had questions no matter the time of day or night and weekends were not excluded. Once we signed a contract, he made every aspect of closing on our home a pleasant experience. I remain completely in awe of the level of professionalism and integrity that Ed displays on a daily basis. As long as we live in Northwest Indiana, I wouldn't consider doing business with anyone other than Ed.

Andrew N. (Buyer)

Ed was a pleasure to work with on the closing of a transaction we had this year. He was very clear, knowledgeable, and knew how to get the loan done. He worked well to communicate with me / seller to ensure all would go very smoothly with our closing. I would recommend Ed anytime for your lending needs.

Jason M. - Realtor at Realty Executives

Ed is outstanding from the first step of the lending process until the last. He treats his clients like family and because of this he makes lifelong friends. I am highly impressed with his professionalism and positive outlook.

Todd J. – Realtor at Bart Vickrey Real Estate

Ed is a good lender who is always up to date with the most current information. He's great to work with. I will definitely be using him in the future. Thank you Ed for getting things done that others can't.

Brent W. – Realtor at McColly Real Estate

Ed goes above and beyond for all his clients. He is extremely professional and will do whatever it takes to get the deal done. Even on the smallest deals he treats all clients equal and will do his personal best to make sure the deal gets to the closing table, even when others give up he will find a way to make sure it happens. I would recommend Ed to all buyers and to all other Real Estate agents out there.

Sue K. – Realtor at McColly Real Estate

Edward provided the best possible service for my listing. I would recommend anyone to use him and his services. Thank you for all your hard work and making the process so easy.

Amelia L. - Realtor at Home Connection Realty

Ed has stayed with us since day one to get us into our house. It was a process and he never gave up or got frustrated with us. We are all settled into our new home and I couldn't be more grateful for all of his help. He is the best and I highly recommend him. I am so glad to be able to have my own home and Ed and our realtor Melissa were the best team!!

The Belinsky Family (Buyers)

Ed is the man, not only did he get my loan processed and closed in 15 days but he was also easily accessible and had extensive knowledge of the home buying process. I would highly recommend enlisting Ed for any purchase, refinance or other home related inquries.

Kris W. (Buyer and Realtor at Bart Vickrey Real Estate)

Working with Ed was a great experience! He always made himself available and answered all of our questions, big or small. Getting a mortgage can be very overwhelming, but we felt in the loop through the entire process, and our situation was pretty unusual! We would definitely work with Ed in the future and recommend him to our friends and family.

Cynthia L. (Buyer)

Ed helped us over a year and a half with guidance in our credit background and was always available to answer any questions we had, as being first time home buyers. Once we qualified, he was quick and always ahead! Thanks again Ed! Your amazing! Referring you always!

The Ratigan Family (Buyers)

We had just recently purchased a home with the help of Ed Stojancevich and A&M Mortgage. He was there every step of the way in order to make this experience easy for us. He made himself readily available if we had questions or concerns involving the house buying process. I definitely recommend working with Ed!

Jaime P. (Buyer)

Eddie was there to help us when we needed to find a house. He was always there to answer questions and helped us out a lot! I recommend his services to everyone.

The Burke Family (Buyers)

Our experience with purchasing was so easy with the help of Ed along the way. He was professional, fast, efficient, readily available and great with communication. We closed on our home way before our expected closing date and Ed closed our loan in less than 30 days! I would recommend him to anyone I know.

Brian L. and Jeanine S. (Buyers)

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