Central Bank Mortgage
A Division of Central Bank of St. Louis
7376 Althorp Way, Suite 101
Nashville, TN 37211
Cell: (615) 300-4097
Phone: (615) 258-8271
This checklist can help you gather the documents you need to proceed with the loan.
With more than 25 years in mortgage banking and lending, including extensive experience with builders and construction financing, Donna has been acknowledged for her exceptional expertise in the mortgage business.
She was the President of the Chairman’s Club for over 10 years, has been named Top Residential Builder every year since 1994, and was Number 1 in closing for the Southeast Region Supreme Lending 2012. Donna was also in the Top 1% of originators in the U.S. in 2014 and 2015.
The parts of your monthly mortgage payment include both repayment of the loan principal and the monthly interest on the outstanding balance. A mortgage payment can also include pre-payments on property taxes, homeowner’s insurance and monthly homeowner’s association dues into an escrow account managed by your lender. Calculate your estimated yearly costs below and monthly payment to help you decide how much you can afford.
Making the choice to buy a home is quickly followed by a plethora of other decisions you will have to carry out, like where the house will be located and what you want in your perfect new abode. One of the most important decisions you'll need to make is what type of mortgage works best for you.
This choice is crucial because it will affect your finances for the next few years, if not decades, of your life. There are so many options that first-time homebuyers, or even experienced homebuyers, might feel overwhelmed with the decision.
However, once you understand the pros and cons of the various mortgage options, this decision will be easier for you. (read more...)