Tim Hock Properties
Have you ever thought about the mortgage loan process? If you’re in the market for a home, you may be shopping for the perfect mortgage option. Understanding where the process originates can help you map out your homebuying timeline and identify the professional institutions you’ll work with to secure your loan.
A mortgage origination company is a business working closely with underwriters to complete the first and finalizing steps for mortgage loans. They gather documents, personal information and signatures to make sure the process runs smoothly.
Mortgage origination is the first company (originator) who starts the loan process. This can be but is not limited to mortgage brokers, retail banks and other mortgage lending institutions. They gather documents such as W-2s, personal ID’s and credit history to determine if applicants are qualified to receive a loan.
For most homeowners, financing through a mortgage loan was the best way to secure a property. Recent mortgage statistics have found over 64 percent of homeowners financed their home purchase through a mortgage loan.
For many homeowners, mortgage debt constitutes the largest portion of money owed to any institution. Currently, around 70 percent of US debt stems from mortgages.
Taking on a mortgage is a large responsibility, so it’s wise to do research on the mortgage industry to best understand mortgage rates and trends. Doing so can help you find the best deals to finance your home purchase.
It's Just Not Possible To Look For A Home In An Older "In-Town" Neighborhood Near Duke University And Not Come Across The Iconic Oval Sign For "Tim Hock Properties". Often Said To List Some Of The Most Beautiful Homes In Durham, Tim Has Turned Buying & Selling A Certain Type Of Home Into An Art Form.
If Asked, Tim Will Tell You, "I Have The Best Job And The Best Clients In The World, Working In A City I Know & Love, Doing What I Want To Do And Being Allowed To Always Do It Very, Very Well. Nothing Makes Me Happier Than Walking By A Former Listing And Seeing How Well The Builder's Design Decisions Have Timelessly Aged. "And, To Know I Had A Small Part Of The Final Outcome Of The Finished Product Is Very Fulfilling To Me."
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