Your Local Mortgage Lender
Located in Defiance, Ohio
Personalized Mortgage Experience
Jodey Thomas offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Defiance, Ohio.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Your Home Equity Could Wipe Out Your High Interest Credit Card Debt Completely
Your Home Equity Could Wipe Out Your High Interest Credit Card Debt Completely
The Strategy Most Homeowners Never Think to Use
Most homeowners who have been chipping away at high interest credit card debt for years are doing it the hard way. Minimum payments that barely touch the principal. Interest charges that reset every month and undo much of the progress made. A balance that seems to shrink slowly no matter how consistently the payment gets made.
There is a strategy that can change that picture significantly and it is sitting in the equity of the home you already own.
How a HELOC Addresses High Interest Debt
A Home Equity Line of Credit gives you access to the equity you have built in your home and that access can be used to pay off high interest debt at a fraction of the rate you are currently paying on credit cards. The difference in interest rates between a HELOC and a typical credit card is substantial and that difference translates directly into meaningful monthly savings and a dramatically faster path to being debt free.
Instead of sending hundreds of dollars per month to a credit card company in interest charges that build the credit card company's revenue without reducing your balance meaningfully those dollars stay in your pocket. The debt moves from a high-rate revolving balance to a lower-rate equity product and the financial outcome over time is completely different.
As Jodey Thomas explains your home has been building equity and that equity is a financial resource that most homeowners leave completely untapped even when it could be solving a real and ongoing financial problem. Using it strategically to eliminate high-cost debt is one of the most straightforward and impactful applications of a HELOC available to homeowners right now.
What the Application Process Actually Looks Like
The assumption that accessing home equity requires a lengthy and burdensome application process keeps many homeowners from ever starting the conversation. The reality is considerably more accessible.
No hard credit pull is required just to check your options. You find out what you qualify for before you commit to anything and without any impact to your credit score. The application itself takes approximately five minutes. Funding can happen in as little as five days.
That timeline makes this a practical and immediate solution rather than a theoretical one that requires months of preparation before you can act on it.
Make Your Home Work Even Harder for You
Your home has already been working for you by building equity over time. The question is whether that equity is sitting idle or whether it is being deployed toward something that actually improves your financial position in a meaningful and lasting way.
Eliminating high interest credit card debt with lower-rate home equity is exactly the kind of strategic move that changes the monthly financial picture immediately while also reducing the total cost of that debt significantly over time.
Jodey Thomas helps homeowners use their equity in ways that make a real difference for their financial lives. Send Jodey Thomas a message to look at your numbers today and find out how much of your high interest debt your home equity could eliminate.
Sources
ConsumerFinancialProtectionBureau.gov Investopedia.com BankRate.com Forbes.com MortgageNewsDaily.com
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