Kevin Brierton - The Brierton Team - NMLS#: 599873Sr. Mortgage Loan Originator • First Choice Loan Services Inc. - NMLS#: 210764

Office: 480.553.8770 • Cell: 480.251.6141Email: kevin@kevinbrierton.com • Website: www.kevinbrierton.com

Mortgage Planning Handbook

We are Certified Mortgage Planners

We are committed to providing an EASY mortgage process, competitive rates and a WOW experience to gain a client for LIFE.

Our Vision: A mortgage is one of the largest debts Families will incur and we believe it is our professional responsibility to help manage the debt responsibly and ensure it fits into their long term and short term goals.

Educate - Inform - Empower

“We refer to our loan files as FAMILIES. Behind all the paperwork, there are FAMILIES that are trusting us to ensure they have place to call HOME now and into the future.” - Kevin Brierton

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The Mortgage Timeline

Sunday Monday Tuesday Wednesday Thursday Friday Saturday

ApplyMeet with

Kevin & submit requested

documentation

Offer Accepted!

Be sure to send us the contract

ASAP

Resubmit to underwriting

for level 2 underwriting for final approval

FINISH LINEYour loan funds

& records! You are now a homeowner!

Pre-Approved!Pre-approval sent to your

Realtor

Loan Disclosures Sent

Lock in your rate & collect

updated items, if needed

Final Cash to CloseWe will

communicate the final amount at

least 24-48 hours prior to your closing

Order Appraisal & Home

Inspection

Appraisal DoneKevin will call with the news

Your ClosingSign your closing

documents at the title company

Buyer & Seller agree on all home inspection

repair items

Level 2 Underwriting review completed.

Final approval & send loan to

closing department

Level 1 Underwriting review completed. Kevin’s Production partner will convey

any additional items needed

Important!E-sign your initial

“CD” Closing Disclosure required to be done min. of 3 days prior to signing

closing docs

Home InspectionThe home

inspector will review the home

to ensure of defects or pitfalls

Appraisal Inspection

The appraiser will compare your new home to others in

the area

Find your DREAM home

and submit an offer

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Experience I have been in the mortgage banking business for 12 years. During that time, I have successfully closed 1,200 loans totaling more than $275 Million.

Knowledge I spend the first Friday of every month studying all of our products, guidelines and lending criteria. I also work closely with our underwriting and secondary markets to fully understand the mortgage products we offer to ensure I am able to approve more buyers. Integrity One of the things I learned early in this business is that integrity separates the professionals from the rest. Integrity is a performance issue and in that regard, I’d rather tell you “no” and be right than “yes” and be wrong.

Communication To ensure that you have the most time to do what you do best, I have installed the following communication standards: weekly loan status updates sent every Monday and a 12-point call system to keep each party up to date throughout the loan process.

Accessibility In the fast paced world of real estate, time is money. I recognize that and have created a system that allows you to receive a return phone call within 30 minutes.

Flexibility It is common for our clients to place value on the flexibility of a Lender. One of the reasons that I joined First Choice is their value of flexibility. Our team of fully trained mortgage specialists has the attitude of “how can we make this loan work” rather than just assuming it won’t. Other Lenders find problems, we find solutions.

About Me

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Meet The Brierton Team

Our proactive TEAM approach allows us to provide a seamless mortgage process while removing the chaos and confusion created by lack of communication.

Mitch Perez - Production Manager

Mitch has been in the mortgage business for over 12 years. For much of his career he has been a top manager for top rates banks/mortgage companies. Mitch’s job is to interface with processing & underwriting to ensure a smooth, on time close. Mortgages are complicated and Mitch’s proactive approach will help make it easy. He understands we are working on families, not files. Mitch will be your main point of contact after your receive a purchase contract on your home.

Lori Olson - Production Partner

Lori worked in banking for 16 years before taking time off to raise her 2 amazing kids. Her years in banking & mortgage experience has allowed her to perfect customer service as she truly cares about the families we serve.

Lori will assist with verifying all upfront information and documentation to ensure an accurate mortgage plan and pre-approval. Once everything is reviewed I will be able to provide you with your Mortgage Plan and Total Cost Analysis.

Nicholas Strauss - Transaction Coordinator

Nick is a veteran mortgage professional with almost 15 years of experience. He is our “Air Traffic Control” to ensure we are meeting all of our timeslines, PLUS he will provide proactive status updates to both Realtors, title and of course YOU!

Educate - Inform - Empower

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The following items may be critical to your loan being completed in a timely manner. Please provide within 24 hours of submitting your preapproval request them if they apply to you.

Tip – When providing documents please provide ALL pages of your documents: • Last 30 Days paycheck stubs for all borrowers • Last 2 years W-2’s for all borrowers • Last 2 years Tax Returns for all borrowers. Including ALL Schedules / ALL pages • Last 2 months bank statements (savings and checking) Including ALL pages • Copy of Drivers License for all borrowers ( front only is ok ) • Copy of Purchase Agreement. ( once received ) • Copy of current homeowner declarations or Insurance Agent’s Contact info

If self-employed: • Two (2) years most recent 1099, K-1’s forms, if applicable. • Two (2) years most recent corporate/partnership tax returns (all pages/all schedules). If you own more than 25% of any business, if applicable. • Copy of current profit & loss statement and balance sheet - year to date for current year. (Signed and Dated by tax preparer, if applicable)

Documents required for specific situations: • Copy of Divorce decree, including all pages (if applicable) • Copy of Bankruptcy discharge papers (if applicable) • Explanation Letter (for late payments, collections, etc.) • Copy of all Pension Statements, “Award” Letter, etc. (if applicable) • Copy of Social Security Annual “Award” Letter, Statement, etc. (if applicable) • Brief explanation for change in employment/income over 30 days (if applicable) • VA Loans: Provide an original certificate of eligibility, a copy of DD214 discharge paper, and a name and address of the nearest living relative

Here Is What We Need From You -“Loan Document Checklist”

• Explanation Letter (for late payments, collections, etc.)

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Do’s:

• Let First Choice Loan Services know if your salary (or your co-borrower’s salary) changes from

that which is documented on your loan application.

• Notify First Choice Loan Services if your address changes from what appears on your loan

application. This is important because First Choice Loan Services will need to complete a rental

and mortgage verification for all of your residences for the past two years.

• Keep existing credit card accounts open, active, and current. ( do not close any accounts )

• Obtain homeowner’s insurance with coverage equal to the amount of your total loan or the

house’s replacement value.

• Share your homeowner’s insurance agent’s name with First Choice Loan Services prior to closing.

• Document any significant deposits into your bank accounts to prove financial transactions. A

‘paper trail’ will be collected by First Choice Loan Services; this will include all paperwork

necessary to prove a financial transaction such as copies of all checks, deposit slips, loan

paperwork, and forms to liquidate assets.

• Report and record any transferred funds. Documentation of these transfers will need to be

submitted to First Choice Loan Services.

Do’s and Don’ts

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Do’s and Don’ts

• Don’t - Have your credit pulled by anyone including any bank/lender/credit company, etc.

• Don’t - Apply for any additional lines of credit.

• Don’t - Make any large purchases, such as a car or major appliances, on existing credit.

• Don’t - Deposit large amounts into any existing accounts.

• Don’t - Consolidate debt to one or two credit cards.

• Don’t - Change jobs without consulting First Choice Loan Services, as a change in salary could

affect your qualification. Borrowers must have a two-year history if counting bonuses and

commissions as income. Also, on the day of closing, First Choice Loan Services may be required

to verify your employment.

• Don’t - Co-sign with anyone to make a purchase or obtain a line of credit. This will show up on

your credit report as additional debt.

• Don’t - Negotiate your contract with an allowance and expect to get money back at closing.

Borrowers are able to use an allowance to pay prepaids and/or closing costs.

• Don’t - Worry. When you work with First Choice Loan Services, you are working with a mortgage

lender who has your best interest at heart and will work tirelessly to provide you service beyond

belief.

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FAQs While You Shop

Second opinions on the largest transaction of your life are always a good thing which could potentially end up saving you thousands of dollars over the life of the loan. Once you decide to end up moving forward on a home of your choosing I would love the opportunity to provide you a Total Cost Analysis so I can help you make an informed decision.

I always ask my clients to ask the following questions when shopping for a current lender. I also provided you with some thoughts to keep in mind regarding the questions.

How will the loan I have asked for a rate quote affect my financial goals? Most loan officers have no clue what a buyers financial goals are and therefore, cannot answer this question intelligently.

What are mortgage rates based on? If a loan officer does not know answer this do not work with them. Rates are based on MBS (Mortgage Backed Securities) or Bonds, not Treasury Notes.

What are the total fees associated with this product and rate?Remember, points, origination fees, etc. all affect the quoted interest rate. Rate quotes can always be, and most often are, apples and oranges instead of apples and apples.

What are the market movements on rates today?If a loan officer does not have the ability to show you what is happening with rates, bonds, etc. in a real time fashion, there is no value in discussing interest rates.

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FAQs While You Shop

What percentage of loans you take close on time?Verify and Validate: A competent loan officer should be able to show you a report to verify their numbers.

Can you provide the name of 5 buyers I can contact who have used you in the last 30 days? Do their customers speak highly of them and would they refer them?

If it sounds too good to be true it probably is. Money for mortgages are all coming from basically the same place and no bank or broker has a monopoly on the best rates. What is really going on? Are they charging extra points (costs) or are they adding a prepayment penalty? Do the have the systems in place to close on time smoothly?

Rates change often.Rates can change daily and often times multiple times a day. To compare apples to apples you must compare on the exact same time, exact same date and with the exact same terms. Plus you need to ensure your lender is locking the loan rate in through your closing date.

Educate - Inform - Empower

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Millennials have been reluctant to buy homes because of a volatile job market and high student debt.By Amanda Falcone | Contributor Sept. 22, 2015, at 11:11 a.m. http://money.usnews.com/

Millennials are swarmed with investing advice – start saving early, take advantage of your employer’s 401(k) match and for heaven’s sake, dump those high-interest credit cards! But for many who are looking to build a retirement nest egg, financial advisors say purchasing a home is one of the best investments millennials can make.

“Buying a home is one of the smartest financial decisions you can make as early as your 20s,” says Riccardo Ravasini, managing director of Rava Realty, who handles properties in New York and Florida, “because it is inflation-protected and a physical asset that doesn’t disappear like stocks can do.”

Nationwide, millennials have been reluctant to buy homes for various reasons, including a volatile job market, high student debt and the delaying of life events, such as marriage. The rate of homeownership for millennials dipped to a low of 36.2 percent in 2014, according to U.S. Census data, although it’s also worth noting that the millennial generation represents the largest percentage of first-time homebuyers.

Financial and real estate professionals say the numbers are now slowly improving, and they are hopeful that more millennials will soon recognize the benefits to homeownership. Here are some reasons why financial experts say young adults should be investing in the housing market:

You’ll spend smarter. Rent payments go straight into the pocket of the landlord – and at the beginning of the next month, you’ve got nothing to show for it.

But mortgage payments are an investment in the future, says Tony Via, an assistant finance professor at Kent State University in Ohio. As the remaining balance on a mortgage is reduced, home equity increases, padding your own retirement account – and not your landlord’s. Better to spend your money on your own home than on unnecessary, short-term expenses that won’t provide value later, he says.

Consider the resale value. Property in solid markets such as New York, Miami or San Francisco is a good investment because those areas attract professionals who want to be there for a long time. Buying in areas where the market is trending up can increase net worth, Ravasini says.

Home prices in the Big Apple doubled between 1990 and 2000 and again between 2000 and 2012. The Standard & Poor’s 500 index saw a huge 315 percent increase from 1990 to 2000, but only a 14 percent rise from 2010 to 2012.

Enjoy the tax breaks. Mortgage interest is deductible from your income tax, lowering your tax burden to Uncle Sam. And homeowners usually don’t have to pay a capital gains tax when they sell if the property value increases by less than $250,000

Why Buying A Home Is A Smart Investment For Millennials

cont’d

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and if the home has been occupied as a primary residence for more than two years. That’s a benefit that trumps even a very good IRA or other tax-deferred retirement plan, Via says.

Homeownership has emotional benefits. Homeowners are more likely to be invested in the local community and develop interpersonal relationships that create a reliable support system than those who rent.

“Although it is not a primary benefit for millennial homebuyers, there is also a sense of pride that homeownership invokes,” says Mike Hardwick, president of Tennessee-based Churchill Mortgage. “Through the investment of a home purchase, millennials can play a key role in restoring faith in the American dream and preserving it for decades to come.”

Low interest rates. Borrowing to buy a place to live is seen by banks as a much safer investment than credit cards, and interest rates are still at rock bottom. “It is hard to qualify mortgage debt as a bad financial decision these days,” Via says.

Supplement your retirement income. As millennials contemplate buying homes, Via says they should think about the future. They’ll benefit from having a home as a storehouse for retirement funds, and their homes will likely be paid off by retirement, allowing them to tap into home equity to fund retirement benefits.

This will help millennials supplement their 401(k) and IRA accounts, which will become increasingly more important as the U.S. struggles to fund Social Security, Via says.

There are plenty of benefits to owning a home, but Chris Copley, a regional sales manager for TD Bank in Pennsylvania and New Jersey, urges caution. Buying a home is for millennials who can afford it and who plan to stay in one location for a while, he says.

For prospective, young homeowners, Copley’s best advice is to do research. Talk to loan officers, ask questions and walk through the home-buying process from a financial perspective, he says. “Sit down and do the math. My advice always comes back to doing the homework.”

Crunching numbers is exactly what David Rader, 30, and his wife did before they purchased their first home on Cape Cod in Massachusetts in August. In an effort to make a smart decision, the couple weighed how long they expected to stay in the home, rent potential and their finances.

“We absolutely had reservations,” he says. “We really wanted to be sure we would be here long enough that it made financial sense.”

http://money.usnews.com/money/personal-finance/mutual-funds/articles/2015/09/22/why-buying-a-home-is-a-smart-investment-for-millennials

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Your Mortgage Plan Presented With A Total Cost Analysis

“When getting help with money whether it’s insurance, real estate, or investments you should always look for someone with the heart of a teacher, not the heart of a saleman.”

-Dave Ramsey

Educate - Inform - Empower

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See What Families Are Saying About Kevin & His Team

“Kevin made the process very easy. He answered all of my questions and there were no problems. The process took less time than I thought it would and I love my house. Kevin came highly recommended and now I know why. I would not hesitate to recommend Kevin too.”

El Dorado Lakes, Gilbert, AZ

“Kevin was amazing to work with. He was respectful of my time and very knowledgeable about what we needed to prepare and what we did not need to focus on. He was diligent about being completely prepared every time we met. He is a thoroughly friendly and engaging person and I would highly recommend Kevin for your mortgage needs.”

North Scottsdale, Scottsdale, AZ

“I had the pleasure of working with Kevin on the purchase of my home. He was very responsive and helpful. He was honest and kept me informed throughout the whole process. I would highly recommend Kevin to anyone interested in buying or refinancing their home.”

Paradise Valley, Phoenix, AZ

“I refinanced and the entire process was very well managed by Kevin. The application process went much faster than I expected and Kevin was present for the signing~Impressive! I have bought and sold homes and condos in MN and AZ, but this professional experience was free of stress for me, thanks to Kevin. Thank you.”

Fountain Hills, AZ

“Working with Kevin was the easiest part of our first time home buying process. He is extremely knowledgeable and took the time to walk us through each step of the process and to make sure all of our questions were answered. Also, he worked directly with the Realtors, home owners insurance, and title company to ensure that the process went off smoothly and escrow closed on time. Kevin really had our backs and made sure that we got the best loan package and interest rate for us.”

South Park, San Diego, CA

For more reviews, please visit https://www.zillow.com/lender-profile/KevinBrierton/

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Preferred Partners

General Contractor - Vetsbuilt Contracting - DJ Jenkins Direct: 480.748.0684 dj@vetsbuilt.com http://www.vetsbuilt.com/

Insurance - Allstate - Haydon Tussey Direct: 480.607.0141 • Cell: 425.903.0124 Haydontussey@allstate.com

Legal - Hall | Underwood Direct: 480.550.8697 http://hallunderwood.com/

Financial Advisor - UBS - Peter Choy/Ryan Freberg Direct: 602.957.5186 ryan.freberg@ubs.com http://financialservicesinc.ubs.com/team/choyfreberggroup/

Architect/Interiors - Studio Stinnett - Jeff & Colleen Stinnett Direct: 480.467.9834 info@studiostinnett.com http://www.studiostinnett.com

Accountant - Metz & Associates CPA, PLLC - Aaron M. Coates, CPA Direct: 480.878.7342 http://www.metzcpa.com

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We are excited to Educate, Inform and Empower you through the home loan process to ensure you make the best decision possible.

4 Complete Your Secure Mortgage Application - www.kevinbrierton.com/apply 4 Watch mortgage video series - “Mortgage Steps” - www.kevinbrierton.com/apply 4 Please return the “Loan Document Checklist” within 24 hours of completing your secure online application. Fax to 480-409-2585, fax is an e-faxing, which is available 24/7.

Thank you for allowing us to serve you in perhaps one of the largest financial decision is your life. We take this honor seriously and we will remain committed to you throughout the home loan process. If you have any questions, please contact me at 480-553-8770 and after hours on my cell at 480-251-6141.

Sincerely,

Kevin BriertonSr. Mortgage Loan Originator - NMLS # 599873 First Choice Loan Services Inc - NMLS # 210764Office: 480-553-8770Fax: 480-409-2585kevin@kevinbrierton.com

Let’s Get Started