Tara Latham

Loan Officer
NMLS # 877148
423-805-9099
tara@homeratemortgage.com

Please note: You will be taken to an application page that will require you to create an account if you have not created one already.

After a number of years in ministry and then another 13 years as a real estate agent, Jason Cook is well equipped with the knowledge and temperament to guide anyone through the mortgage loan process. From the initial consultation to getting the final clear to close, Jason is there every step of the way providing a unique perspective to the lending industry – particularly the purchase process. Agents looking for a lender to partner with will be pleasantly surprised with Jason’s help and experience – especially his understanding of what agents expect from lenders.

When not handling loans, Jason enjoys watching Duke basketball, going to the movies, and a good cup of coffee!

Board Member – Childcare Resources

Degrees – Samford University and Duke University

Conventional loans are not insured by a government agency

Require a minimum 3% down payment

There are a variety of fixed and adjustable rate conventional loans to choose from

Generally carry strict guidelines on credit scores, loan to value ratios, debt to income and down payments

Interest rate varies based on credit score and loan term

Offers 10, 15, 20, 25, 30 and 40 year repayment terms

Great for first-time buyers and buyers with lower credit scores

FHA loans are not restricted to first-time home buyers or low-income buyers

Easier requirements for income and credit score

Minimum down payment 3.5% and lower closing costs

Mortgage Insurance may be less costly than private mortgage insurance (PMI)

Seller can contribute up to 6% of selling price to cover closing costs

Special financing in USDA defined areas

Flexible credit guidelines and qualifying criteria

Lower than market interest rate

No down payment required

Closing costs can be seller-paid or rolled into the loan

Ability to finance upfront PMI

Conventional loans are not insured by a government agency

Require a minimum 3% down payment

There are a variety of fixed and adjustable rate conventional loans to choose from

Generally carry strict guidelines on credit scores, loan to value ratios, debt to income and down payments

Interest rate varies based on credit score and loan term

Offers 10, 15, 20, 25, 30 and 40 year repayment terms

Great for first-time buyers and buyers with lower credit scores

FHA loans are not restricted to first-time home buyers or low-income buyers

Easier requirements for income and credit score

Minimum down payment 3.5% and lower closing costs

Mortgage Insurance may be less costly than private mortgage insurance (PMI)

Seller can contribute up to 6% of selling price to cover closing costs

Special financing in USDA defined areas

Flexible credit guidelines and qualifying criteria

Lower than market interest rate

No down payment required

Closing costs can be seller-paid or rolled into the loan

Ability to finance upfront PMI

The Benefits Of Refinancing

If you are looking for a lower rate to ease cash flow or a shorter term to get your mortgage paid off sooner, we can help you make the RIGHT decision.

Getting a new mortgage to replace the original is called refinancing. This process allows the borrower an opportunity to obtain a different interest term and/or rate. The first loan is paid off, then the newly refinanced loan goes into effect.

It is common for people to refinance when they have equity in their home, which is the difference between the amount owed on their mortgage and the appraised value of the home. In that situation, the borrower has an option to “cash-out” (hence the term cash-out refinance) the value of their home equity allowing them to remodel their home, consolidate debt, pay for college, or other expenses. 

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