We commit to providing timely, accurate information to help people understand home loans. While we have a little fun at our own expense, The Heath Team recognizes home buying and refinancing as serious topics.

Home Loans

A home is one of, if not the only, major purchase most of our clients can make. Understanding the details is very important. In the posts which follow, we explore common questions and timely subjects. We write all of the content and will update as circumstances change. Interested in a topic that we haven’t posted? Contact us and let us know! We’ll get you an answer.

Home Loans – Back to Basics


We have a Back to the Basics series in which we explore the foundations of:

We’ll introduce you to:

We’ll also discuss more specific programs such as:

Home Loans – A Little Beyond The Basics

Understanding how interest rates are determined and what causes them to fluctuate will highly benefit you. We’ll discuss the purpose and impact of down payment amounts on loans. We’ll also discuss, when Mortgage Insurance and Down Payment Assistance programs can reduce your cash out of pocket. Of course, closing costs need to be paid and can be reduced by seller concessions or using lender paid fee options.

ARMs (Adjustable Rate Mortgages), portrayed as a risky loan, are not for everyone. They do, however, provide benefits in some cases. We’ll compare fixed rates versus adjustable rates and provide some insight on how to evaluate them for your particular situation.

The lending world is ever changing and we’ve seen an increase in lending options for Manufactured Homes and Condominiums. Construction Loans are also making a comeback, as are Renovation Loans, so we will review how those can used.

We won’t shy away from more complex topics such as:

  • Shared Well Agreements
  • Home Owner Association Restrictions
  • Private Road Maintenance
  • General Appraisal Issues

When Fannie Mae, Freddie Mac or Government Agencies update their program guidelines, we’ll let you know what those changes are and how they impact your lending decisions. The ease of access to information is a great resource for home buyers, but it’s critical to distill it down to your particular situation. The Heath Team has 18 years of experience and can be your trusted resource to translate the complex financial language to understandable advice.

Home Loans – Lending Process

A solid understanding of the lending process makes a homebuyer more competitive with their offer. Know the difference between:

  • Pre-qualified
  • Pre-approved

and what it signals to the seller of the property.

What else can you do to be in the best possible negotiating position? How about starting the home loan process before you think you’re ready. This will allow one of The Heath Team Licensed Loan Officers to work with you. They will make sure you are as prepared as possible when the time is right to move forward.

Home Loans – Credit Issues

Credit issues are probably the biggest obstacle home buyers fear will derail their home purchase. Our Home on the Horizon program offers FICO® certified analysts to provide detailed recommendations on how you can get your scores in line for a home loan. Additionally, we have access to programs with shorter waiting periods after a short sale, foreclosure, and bankruptcy.

The second issue we see is the lack of funds for down payment and closing costs. In the pages that follow, we demonstrate strategies using:

to keep the out of pocket cash to the minimum.

The last major hurdle is having the income to afford the home or your dreams. Now the Heath Team can’t increase your income, or can we? We’ll show you how a co-signor can increase buying power. Also, did you know, the Mortgage Credit Certificate will actually put cash in your pocket every year of your mortgage. Want to know more? Read our post!

Home Loans – First Time Buyer, Second Home Purchases, Reducing Interest

If you’re a first-time buyer or have concerns about qualifying, let us be your GPS and guide you on the journey of your home purchase. The power of a team will help any home buyer make better decisions. We’ll make sure you understand how to select a REALTOR®, what a title and escrow company will do, why a home inspection is so important, and how to protect yourself with a home warranty.

If you’re not a first time home buyer you will find value in our pages about second home purchases and successful investment property strategies.  Also, The Heath Team has low down payment programs for Engineers, Doctors, Attorneys and other professionals with advanced degrees. Be sure to check out those pages!

Reducing interest paid on your loan means significant long-term savings. This can be done by:

or using payment strategies such as bi-weekly payments. We might even get a little crazy and talk about ways to use FHA and VA loans for investment home purchases.

Home Loans – Protection

It’s an unfortunate reality of our advanced technological progress has led to increased cyber crimes related to mortgages and home buying. We’ve researched with the best professionals in prevention of these crimes and will share our insights on Wire Fraud, Identity Theft and Database breaches. Learn to protect yourself and understand how that protection can impact the loan process. Credit Freeze is a term we’re hearing more and more, so we offer guidance on how to implement this without delaying your loan process.

Home Loans – Contact Us

Some of this information is basic foundation material, but we will also address complex and advanced concepts in the lending world. As always, questions and feedback are welcome by calling 520-495-7213, emailing Tom.Heath@NOVAHomeloans.com or using the “Contact Us” page.

Please feel free to ask us anything and we will find you the answer.

Have a great day!
Tom Heath

Behind the Scenes with Tom Heath

Behind the Scenes 9 – The Heath Team

Want to know who you're working with before it even starts? Get to know The Heath Team before coming into our office with these...
Tom Heath - Senior Loan Officer with Nova Home Loans

Behind the Scenes 8 – The Heath Team

If you're starting down your home buying journey, the experts at The Heath Team can help! Get educated with out Behind the Scenes videos...

Behind the Scenes 7 – The Heath Team

Here's another behind the scenes look from the office of The Heath Team! Feel free to get acquainted with how Tom Heath meets with...

Behind the Scenes 6 – The Heath Team

Check out this exclusive behind the scenes look of Tom Heath meeting with clients! His work with The Heath Team is meant to help...

Behind the Scenes 5 – The Heath Team

Learn more about how Tom Heath of NOVA Home Loans' Heath Team works! Check out this behind the scenes look to get an insider's...

Behind the Scenes 4 – The Heath Team

Take a look at our newest Behind the Scenes look at The Heath Team! This video gives you a glimpse of Tom Heath meeting...

Behind the Scenes 3 – The Heath Team

Learn more about what it's like to work with The Heath Team before you step into our door! Take a look at this behind...

Behind the Scenes 2 – The Heath Team

Here's another behind the scenes look at the experts working for The Heath Team! Tom Heath is shown meeting with clients to give you...

Behind the Scenes 1 – The Heath Team

Tom Heath from The Heath Team at NOVA Home Loans is here with a behind-the-scenes look at a client meeting at our office! We're...

Three Keys Not to Ignore When Choosing the Best Mortgage

When you work with the Heath Team, we'll schedule a meeting to discuss the key components of selecting the best mortgage for your personal...