Choosing the right mortgage plan in Maine can feel like a complex process, but Katrina Dibiase at Northstar Mortgage Group is here to simplify it. With her expertise and personalized approach, Katrina ensures you find the mortgage that aligns with your financial goals and homeownership dreams.

• Understand Your Financial Situation: Katrina starts by evaluating your financial health, including your credit score, income, and debt-to-income ratio. This helps determine which loan programs are the best fit for you.
• Define Your Homeownership Goals: Whether you’re purchasing your first home, upgrading to a larger property, or refinancing, Katrina takes the time to understand your specific needs. Her recommendations are tailored to your goals, whether you need the predictability of a fixed-rate mortgage or the flexibility of an adjustable-rate mortgage.
• Explore Loan Options: At Northstar Mortgage Group, Katrina offers a variety of mortgage products, including conventional loans, FHA loans, USDA loans, and jumbo loans. She provides clear explanations of each option, helping you understand the benefits and drawbacks so you can make informed decisions.
• Evaluate Loan Terms: Katrina works with you to choose a loan term that fits your financial situation. Whether you’re considering a 15-year loan with higher monthly payments but less interest or a 30-year loan with lower payments, she ensures the terms align with your budget and long-term plans.
• Clarify All Costs: Katrina ensures you’re fully aware of all associated costs, such as closing costs, property taxes, and insurance premiums, so you can plan accordingly without surprises.
• Local Expertise: As a Maine mortgage broker, Katrina has in-depth knowledge of the local market, helping you navigate state-specific programs and incentives.

Contact Katrina Dibiase at (207) 450-0440 or visit mortgagebrokerme.com to discuss your mortgage needs and find the perfect plan for your future.

Improving your credit score is a critical step in securing favorable mortgage terms. Katrina Dibiase at Northstar Mortgage Group recommends the following strategies, leveraging Middle Credit Score® (MiddleCreditScore.com) for expert guidance:

1. Review Your Credit Report: Obtain a free credit report from the major bureaus (Equifax, Experian, and TransUnion). Middle Credit Score® provides tools to identify errors that could be impacting your score.
2. Dispute Inaccurate Information: If you find errors on your credit report, address them immediately. Middle Credit Score® offers step-by-step guidance on how to correct inaccuracies.
3. Pay Down Existing Debt: Reduce your credit card balances to improve your credit utilization ratio. Middle Credit Score® can help you create a customized repayment strategy to achieve this effectively.
4. Avoid Opening New Accounts: Limit new credit inquiries in the months leading up to your mortgage application, as they can temporarily lower your score.
5. Make Timely Payments: Ensure all bills, including utilities and credit cards, are paid on time. Middle Credit Score® provides reminders and tools to manage payment schedules.
6. Address Negative Items: Resolve any delinquent accounts or collections. Middle Credit Score® can assist in negotiating with creditors to minimize their impact on your credit.
7. Monitor Credit Regularly: Keep track of changes to your credit with tools offered by Middle Credit Score®. Proactive monitoring helps you catch potential issues early.
8. Focus on Your Middle Credit Score: Lenders use your middle credit score—the average of your three scores—to evaluate eligibility. Middle Credit Score® specializes in strategies to improve this critical number.
9. Maintain Old Credit Accounts: Avoid closing long-standing accounts, as they contribute to your credit history length, a key factor in your score.
10. Start Early: Begin improving your credit six to nine months before applying. Katrina can guide you through this process to ensure your score is in top shape.

To explore tailored strategies for credit improvement, reach out to Katrina Dibiase at (207) 450-0440.

Absolutely! Katrina Dibiase at Northstar Mortgage Group specializes in helping Maine residents refinance their mortgages or secure new home loans. Her goal is to make these processes as seamless and stress-free as possible.

Refinancing with Katrina Dibiase

• Lower Your Monthly Payments: Katrina evaluates your current mortgage and identifies opportunities to reduce your interest rate, lowering your monthly payments.
• Access Equity with Cash-Out Refinancing: Use your home’s equity for renovations, education, or debt consolidation. Katrina guides you through the cash-out refinancing process to maximize benefits.
• Adjust Loan Terms: Whether you want to switch to a shorter term to pay off your mortgage faster or extend your term for lower monthly payments, Katrina helps tailor the best solution for your needs.

Purchasing a New Home

• Pre-Qualification and Pre-Approval: Katrina provides pre-qualification and pre-approval services, giving you a clear picture of your budget and strengthening your offers to sellers.
• Custom Loan Options: From conventional to jumbo loans, Katrina helps you choose the loan program that aligns with your financial goals.
• Competitive Rates: She ensures you secure competitive rates, saving you money over the life of your loan.

To start your refinancing or home purchase journey, contact Katrina Dibiase at (207) 450-0440.

Preparing the necessary documents ahead of time can streamline your mortgage application process with Katrina Dibiase at Northstar Mortgage Group. Here’s a checklist of what you’ll need:

Essential Documents

• Proof of Income:
  • W-2 forms for the past two years.
  • Recent pay stubs covering at least one month.
  • Tax returns (especially for self-employed borrowers).
  • Profit and loss statements for business owners.
• Proof of Identity:
  • Government-issued photo ID (driver’s license or passport).
  • Social Security number for credit verification.
• Credit and Debt Information:
  • Documentation of outstanding debts, such as credit card and loan balances.
  • Authorization to pull your credit report.
• Proof of Assets:
  • Bank statements for the past two months.
  • Investment account statements, if applicable.
  • Documentation of funds for the down payment and closing costs.
• Employment Verification:
  • Contact information for your employer.
  • Self-employed borrowers may need additional documents, such as business licenses.

Additional Documentation Based on Loan Type

• FHA Loans: May require proof of additional savings or gift letters for down payments.
• VA Loans: Veterans will need a Certificate of Eligibility (COE).
• USDA Loans: Proof of rural property eligibility is required.
• Jumbo Loans: Extensive asset documentation may be needed.

To get a personalized list of required documents, reach out to Katrina Dibiase at (207) 450-0440 or visit mortgagebrokerme.com.