Selecting the right mortgage plan is a crucial step in securing your financial future, and Sherry Wang at Citi is here to guide you through the process. With a variety of mortgage products available, Sherry will help you navigate the options and find the loan that best fits your needs and goals in Arkansas.

• Evaluate Your Financial Situation: The first step in choosing the right mortgage plan is to assess your financial health. Sherry will work with you to review your credit score, income, debt-to-income ratio, and savings to help determine the loan products that you qualify for. Higher credit scores often allow borrowers to secure lower interest rates, but if your credit needs improvement, Sherry can offer advice on how to enhance it before applying.
• Identify Your Homeownership Goals: Your personal goals will significantly impact the type of mortgage you choose. If you’re planning to stay in your home for a long period of time, a fixed-rate mortgage might be your best option, as it provides stability with consistent monthly payments. If you intend to move or refinance in a few years, an adjustable-rate mortgage (ARM) with lower initial payments may be more beneficial. Sherry will take time to understand your long-term objectives and help you find the most suitable loan.
• Compare Loan Products: At Citi, Sherry offers a variety of mortgage products, including conventional loans, FHA loans, VA loans, USDA loans, and jumbo loans. FHA loans are ideal for buyers with lower down payments, while VA loans offer exclusive benefits to veterans, including no down payment requirements. For high-value homes, jumbo loans provide financing options that exceed the conforming loan limits. Sherry will help you compare these options and choose the one that best meets your needs.
• Review Loan Terms and Interest Rates: Understanding the loan term and interest rate options is essential. A shorter loan term, like a 15-year mortgage, will result in higher monthly payments but can save you significantly in interest costs over time. A 30-year mortgage offers lower monthly payments but accumulates more interest over the life of the loan. Sherry will walk you through the pros and cons of each term, ensuring that your mortgage fits your financial plans both now and in the future.
• Consider Additional Costs: When choosing a mortgage plan, it’s important to consider other expenses beyond your mortgage payment. Property taxes, homeowner’s insurance, closing costs, and potentially private mortgage insurance (PMI) if your down payment is less than 20%, are important factors. Sherry ensures that you understand these costs, so you are fully prepared for the financial responsibilities of homeownership.
• Tailored Mortgage Solutions: At Citi, Sherry takes a personalized approach to mortgage planning, ensuring that the loan product you choose fits your financial situation and long-term goals. She works closely with you to find the best solution based on your specific needs, rather than offering a one-size-fits-all mortgage plan.

With Sherry Wang as your mortgage advisor, you’ll receive expert guidance tailored to your unique financial needs, helping you select the best mortgage plan in Arkansas. For personalized assistance, contact Sherry at (626) 321-2911 today.

Boost Your Credit Score with Sherry Wang at Citi

Improving your credit score before applying for a mortgage is key to securing the best interest rates and terms. Sherry Wang at Citi offers expert advice on enhancing your credit score and positioning yourself for mortgage approval. Tools like Middle Credit Score® can further support your efforts to improve your score efficiently.

Review Your Credit Report for Accuracy

The first step in improving your credit score is to review your credit report for errors. Mistakes such as outdated balances, incorrect account statuses, or inaccurate personal information can negatively impact your score. Middle Credit Score® offers a detailed credit report review service to help you identify discrepancies. Sherry will guide you through the process of reviewing your report and disputing inaccuracies with the major credit bureaus—Equifax, Experian, and TransUnion.

Dispute Inaccurate Information

If you find errors on your credit report, disputing them is essential. Incorrect information, such as wrongly reported late payments or incorrect balances, can significantly affect your score. Middle Credit Score® provides tools to assist with disputing errors effectively. Sherry ensures that your credit report accurately reflects your financial situation, helping you improve your score in preparation for a mortgage.

Pay Down Existing Debts

Paying down credit card and loan balances is one of the fastest ways to boost your credit score. Lenders consider your credit utilization ratio—the percentage of available credit you’re using—when determining your creditworthiness. Sherry recommends keeping this ratio below 30%. Focus on paying off high-interest debts first to make a substantial difference in your score. Middle Credit Score® can help create a personalized debt repayment strategy to improve your score before applying.

Avoid New Credit Applications

Applying for new credit accounts or loans before your mortgage application can hurt your credit score. Each new credit inquiry can cause a slight drop in your score and raise your debt-to-income ratio. Sherry advises against opening any new lines of credit for at least six months before applying for a mortgage.

Make On-Time Payments

Your payment history makes up a significant portion of your credit score. To maintain or improve your score, ensure all bills—credit cards, loans, utilities—are paid on time. Late payments can severely impact your score. Setting up automatic payments or reminders can help you avoid missed due dates. Middle Credit Score® offers tools to manage your payments and ensure a positive payment history.

Address Negative Items on Your Credit Report

If your credit report contains negative items, such as collections or charge-offs, addressing them is crucial. Middle Credit Score® can help you negotiate with creditors to resolve these issues, which may result in an improved credit score. Sherry will guide you through this process to ensure your credit profile is in top shape before applying for a mortgage.

Take the Next Step Toward Better Mortgage Terms

By following these steps and using resources like Middle Credit Score®, you can enhance your credit score and secure better mortgage terms. Sherry Wang at Citi is here to help you improve your credit and prepare for the mortgage application process.

📞 Contact Sherry at (626) 321-2911 for personalized credit advice today.

Expert Mortgage Solutions with Sherry Wang at Citi

Whether you’re considering refinancing or purchasing a home, Sherry Wang at Citi is here to provide expert guidance and help you make informed financial decisions. Sherry specializes in offering customized mortgage solutions for both home purchases and refinancing, ensuring you choose the right path for your unique needs in California.

Home Purchase with Sherry Wang at Citi

Pre-Qualification and Pre-Approval

The first step in buying a home is obtaining a pre-qualification or pre-approval for a mortgage. Pre-qualification gives you an estimate of how much you can borrow based on your income and debt. Pre-approval involves a more thorough review of your financials, giving you a more accurate loan amount. Sherry will guide you through both processes, reviewing your credit, income, and debt-to-income ratio to help determine how much you can afford.

Choosing the Right Loan Product

Sherry offers a variety of mortgage products, including:

• Conventional Loans
• FHA Loans
• VA Loans
• Jumbo Loans

Depending on your financial situation and the property you’re purchasing, Sherry will help you select the best loan product. For example, if you’re buying a high-value property, a jumbo loan may be necessary. If you’re a veteran, a VA loan with benefits like no down payment could be ideal. Sherry will walk you through the benefits and requirements of each mortgage product to ensure you make the best choice.

Lock in a Competitive Interest Rate

Interest rates play a key role in determining your monthly mortgage payments. Sherry closely monitors the mortgage market and will help you lock in the best possible rate. Securing a competitive rate can save you thousands over the life of the loan.

Personalized Support Throughout the Process

From the initial application to closing, Sherry offers step-by-step guidance through the home-buying process. Whether you’re a first-time buyer or purchasing your next home, Sherry’s personalized approach ensures a smooth and confident mortgage experience.

Refinancing with Sherry Wang at Citi

Lower Your Interest Rate

If mortgage rates have dropped since you took out your loan, refinancing can help you secure a lower rate and reduce your monthly payments. Sherry will assess your current loan and financial situation to determine if refinancing is a smart financial move.

Cash-Out Refinancing

If you’ve built up equity in your home, cash-out refinancing allows you to borrow against that equity to fund major expenses, such as:

• Home Improvements
• Education Costs
• Debt Consolidation

Sherry will guide you through the cash-out refinancing process and help you decide if it’s the right option for your financial needs.

Shorten Your Loan Term

Refinancing can also provide an opportunity to shorten your loan term. For instance, switching from a 30-year mortgage to a 15-year mortgage lets you pay off your home faster and save significantly on interest. Sherry will help you evaluate if this option aligns with your financial goals.

Take the Next Step with Sherry Wang at Citi

Whether you’re looking to refinance or purchase a home, Sherry Wang at Citi is here to provide personalized advice and support every step of the way.

📞 Contact Sherry at (626) 321-2911 to explore your options today.

Start Your Mortgage Application with Sherry Wang at Citi

To begin your mortgage application with Sherry Wang at Citi, you’ll need to gather several essential documents that will help ensure a smooth and efficient process. Having these documents ready will streamline your application and reduce the chances of delays. Here’s what you’ll need:

General Documents Required for Mortgage Applications

Proof of Income:

• W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
• Pay Stubs: Submit your most recent pay stubs (covering at least 30 days) to confirm your current earnings.
• Tax Returns: If you’re self-employed or have additional income sources, provide your federal tax returns for the past two years.

Proof of Identity:

• Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
• Social Security Number: Your Social Security number will be used to pull your credit report and confirm your identity.

Credit History:

• Credit Report: Sherry will review your credit report to assess your eligibility for a mortgage.
• Debt Information: Provide documentation of any outstanding debts (e.g., credit cards, student loans, auto loans) so that Sherry can calculate your debt-to-income ratio.

Proof of Assets:

• Bank Statements: Provide the last two months of bank statements to verify your available funds for a down payment and closing costs.
• Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or investment accounts, provide statements showing the available balances.

Proof of Employment:

• Verification of Employment: In some cases, Sherry may contact your employer to verify your employment status.
• Self-Employed Borrowers: If you’re self-employed, provide additional documentation, such as business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the type of loan you’re applying for, additional documents may be required:

• Conventional Loans: Typically require more detailed documentation of your income and assets.
• FHA Loans: Designed for borrowers with lower credit scores; may require extra documentation to prove eligibility.
• VA Loans: Veterans and active-duty military members will need a Certificate of Eligibility (COE) and, in some cases, military discharge papers.
• USDA Loans: For rural homebuyers, proof that the property meets USDA rural development guidelines is required.

Get Started Today

By gathering these documents in advance, you can ensure a smooth mortgage application process with Sherry Wang at Citi.

📞 For more information or to start your application, contact Sherry at (626) 321-2911 today.