Scott Betley

@YourMortgageGuide

Mortgage Loan Originator

Empowering Your Homeownership Journey

Experience the ease, predictability, and reliability of our home loan services. We are dedicated to providing you with a straightforward and stress-free journey to homeownership.

Scott Bentley

Mortgage Loan Originator | NMLS # 1019383

1190 Winterson Road, Suite 300,
Linthicum, MD 21090

Road to Homeownership

Commonly asked questions

It is best to start your homebuying journey with your lender. That way, you know how much home you can afford and have a pre-approval ready to compete with other offers.

We encourage you to apply even if you don’t think you have the assets required to qualify. We explore all options with you – down payment assistance, gifts, 401k, etc. Don’t rule yourself out of homeownership!

Assets are anything you own that has monetary value. These include items such as checking and savings accounts, 401k accounts, physical assets (homes, cars, boats, etc.), stocks and bonds.

You choose the timeline that works best for your homeownership journey - we’re here to help whenever you’re ready! In the meantime, take steps to improve your credit score, reduce debt, and increase savings so you can be in a better position when the time is right for you.

A soft credit pull is when lenders view your credit score but don’t pull your credit report. If you check your own credit using credit monitoring tools, that’s also considered a soft pull. These inquiries are listed on your credit report, but only you can see them, and they do not impact your credit.

A hard credit pull occurs when you have applied for new credit (such as for a credit card or mortgage), giving the lending entity access your full credit report. Lenders use this information in their lending decision and to determine how risky of a borrower you may be. Hard pulls show up on your credit report for creditors and lenders to see and will temporarily drop your credit score a few points.

120 days

It’s a great idea to apply with multiple lenders so you know what options are available to you! Being pre-approved by multiple lenders will not impact your credit score. You’ll usually have a 3 to 4-week window where any mortgage credit pulls will be counted as a single inquiry and won’t further reduce your score.

Once you provide consent to run the credit pull, the lender can run the inquiry at any time. Exact timing varies, but your loan officer will let you know when any hard credit pull is being done.

A soft credit pull will not impact your credit. The hard pull that occurs when you fill out the full application could temporarily lower your credit around 5-10 points. Generally, your credit may fluctuate due to a variety of other factors – opening a new line of credit, late or missed payments, a change in credit, large purchases, etc.

Your down payment amount will vary based on the type of loan you’re applying for. There are many programs out there and you don’t necessarily need a 20% downpayment to become a homeowner! Many federal loan programs have low or even no money down payment requirements and we offer a variety of down payment assistant options. Talk with one of our loan originators to see what you qualify for!

Even if you have a history of bankruptcy, you can still become a homeowner! Eligibility depends on a few factors: the type of bankruptcy filed, the status of your bankruptcy, how much time has passed since filing, and the type of mortgage you’re seeking. Our loan originators will look into your situation and let you know your options.

Absolutely! Just because another lender denied you doesn’t mean we will. Let us run through all your options and see how we can help get you into the home of your dreams!

Common Q's

We just need a little more information to help get you on the road to homeownership. Fill out the form below and I'll be in touch with next steps!

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What our customers say about us

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Highly recommended, responsive staff and a streamlined process. Exceptional service and expertise! Their team went above and beyond to guide me through the entire process.

Marvin Marv
Marvin MarvCalifornia

The whole process was very smooth for funding. Everyone always answered any questions I had as quickly as possible and if they didn’t know the answer they found out and got back with me quickly. Everyone on my loan was amazing!

Andrea D. B.Victoria, TX

Very easy and painless, we love the communication that was given!!

Anthony R.Lithonia, GA
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Company NMLS #2893

1190 Winterson Road, Suite 300
Linthicum, MD 21090

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Don't Leave Yet!

Got questions? My team and I are here to help.

We can help put get you on the path to homeownership, even if now is not the perfect time.

Let’s connect!

Continue

Don’t Leave Yet!

Got questions? My team and I are here to help.

We can help get you on the path to homeownership, even if now is not the perfect time.