Hi! I’m Keisha Shannon. With over 24 years of unwavering dedication to the mortgage industry, I have established myself as a reputable figure in the real estate and mortgage loan sector. My extensive experience and deep understanding of the intricacies of the real estate & mortgage market have made me an invaluable asset to my clients.
As a realtor and mortgage loan officer I take the time to listen attentively to my clients' goals and concerns, offering personalized solutions that align with their aspirations.
With Keisha Shannon by your side, clients can rest assured that they are in capable hands, backed by decades of expertise and a genuine passion for helping others succeed in the real estate market. My ending goal is to help you achieve your homeownership dreams while providing unparalleled support and guidance throughout your journey.
Buyer’s
Seller’s
Lending Process
Steps to follow first before thinking about purchasing a home.
Assess Financial Readiness:
Evaluate your current financial situation, including income, savings, debt, and credit score. Determine how much you can afford to spend on a home and what monthly mortgage payments fit within your budget.
Save for a Down Payment:
Start saving for a down payment, which is typically between 3% to 20% of the home's purchase price. The larger the down payment, the lower your monthly mortgage payments and potentially better loan terms.
Improve Credit Score:
Review your credit report and address any errors or negative items that could affect your credit score. Pay off outstanding debts, make timely payments, and avoid opening new lines of credit to improve your creditworthiness.
Lower your debt-to-income ratio by paying down existing debts, such as credit card balances or student loans. Lenders prefer borrowers with a lower debt-to-income ratio, as it indicates a lower risk of default.
Establish a Stable Employment History:
Maintain a stable employment history with steady income, as lenders typically require proof of stable employment and income to qualify for a mortgage loan.
Research Mortgage Options:
Explore different types of mortgage loans, such as Conventional, FHA, VA, or USDA loans, to determine which option best suits your financial situation and needs. Compare interest rates, terms, and requirements from multiple lenders to find the most favorable option.
Understand Additional Costs:
Consider additional costs associated with homeownership, such as property taxes, homeowner’s insurance, closing costs, maintenance, and repairs. Factor these expenses into your budget to ensure you can afford homeownership.
Save for Closing Costs:
Set aside funds for closing costs, which typically range from 2% to 5% of the home's purchase price. Closing costs include fees for loan origination, appraisal, title insurance, and other expenses associated with the home buying process.
Research Neighborhoods and Housing Markets:
Research different neighborhoods and housing markets to identify areas that meet your criteria for location, amenities, school districts, and property values. Consider factors such as commute times, safety, and future development plans.
Consult with Real Estate Professionals:
Seek guidance from real estate professionals, such as real estate agents, mortgage brokers, or financial advisors, to help you navigate the home buying process. They can provide valuable advice, insights, and assistance in finding the right home and securing financing.
What my clients are saying...
“It was a pleasure working with Keisha . She was professional yet it felt like we were working with a family friend. Keisha's expertise and savy negotiating skills helped us to secure a buyer above our asking price.”
Mr. & Mrs. Thomas
“Keisha is not only knowledgeable with a ton of experience, but she also seems to have a unique talent that personally master effectiveness, leaving you with wow!! We had many demands on what kind of house we wanted, and with diligence and dedication she was able to find the perfect home for us while remaining a true professional. We absolutely love her!!”
“Words cannot express, the great service that was given to me, by this wonderful agent and person. I was not aware of just how valuable a knowledgeable and caring sales agent can be, now I know”....
S. Blair
THE MORTGAGE PROCESS
Prequalification:
The borrower provides basic financial information to the lender, who then assesses their eligibility for a mortgage loan based on factors such as income, credit score, and debt-to-income ratio.
Loan Application:
The borrower completes a formal mortgage application, providing detailed financial information, employment history, and identification documents.
Documentation Submission:
The borrower submits supporting documents, such as pay stubs, bank statements, tax returns, and proof of assets, to the lender for verification.
Loan Processing:
The lender reviews the borrower's application and documentation, verifying the information provided and assessing the borrower's creditworthiness.
Underwriting:
A mortgage underwriter evaluates the borrower's application and documentation to determine whether they meet the lender's lending criteria and qualify for the loan.
Appraisal:
The lender orders an appraisal of the property to assess its value and ensure it meets the lender's standards for collateral.
Conditional Approval:
Once the underwriter approves the loan with conditions, the borrower may need to satisfy certain requirements, such as providing additional documentation or explanations, before final approval.
Final Approval:
After the borrower meets all the conditions, the lender grants final approval for the mortgage loan, and the borrower receives a commitment letter outlining the terms and conditions of the loan.
Closing Disclosure:
The lender provides the borrower with a Closing Disclosure, detailing the final loan terms, closing costs, and any funds needed to close the loan.
Closing:
The borrower signs the loan documents and pays any remaining closing costs, and the lender funds the loan. Ownership of the property is transferred to the borrower, and the mortgage process is complete.
“From House Hunting to Closing”
"Your Trusted Guide in Real Estate & Mortgages
Together, We Make Home Happen!!"
Keisha Shannon
CONTACT ME
(470) 430-1856
NMLS# 2406079