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- 18 Answers
- 1 First Answer
- 9 Useful Answers
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About Me
Why we started in this business
Todd and Erin began their careers in Real Estate as investors. They found it a constant challenge to find a reliable, honest, and experienced loan officer to join their team. After several frustrating transactions dealing with lenders who were commission driven rather than customer focused, Todd and Erin realized that they were the client focused loan officers they had been searching for. Team Newington has been serving their clients ever since.
Team Newington's experience brings in-depth knowledge, skill, and a unique and creative approach to their client's real estate financing needs.
"We are committed to operating in a professional, ethical
and organized manner and are focused on
the success of our clients."
Our Guarantee
Over the years we have come to understand the many fears people have when shopping for a mortgage. Some of these fears may be being lied or tricked into a mortgage that they do not want and cannot afford, slapped with outrageous fees or given a higher interest rate then promised. These fears are no doubt spurned on by the incredible amount of horror stories you may have heard, or may have even experienced yourself, which has left you wary of all mortgage professionals.
We Promise You A Difference...
A difference that you will notice in the presentation of a custom fit mortgage solution for your unique individual needs. A difference that can be appreciated when our team strives to give you the financing terms you expected, or better, at the close of your transaction. A difference you will acknowledge when experiencing the customer service and contact we will provide you after the close of your home purchase or refinance.
This continual client contact service will include:
Free education downloads and resources available at our websites and by mail.
A mandatory 3 month call back service to ensure that your new mortgage is satisfactory, and answer any questions or concerns you may have with your home.
Every 6 months a scheduled Equity Report on your property will be mailed to you. This valuable information will give you a current look at your home's equity level and your neighborhood's rate of appreciation.
You will also receive a FREE annual Mortgage & Debt Strategy consultation to ensure that you are continually making progress in your steps towards your financial goals.
To top this off, a highly experienced mortgage planner/debt strategist from our team will be readily available to you for all of your questions and concerns at all times. This is our promise to you and our guarantee.
Todd and Erin began their careers in Real Estate as investors. They found it a constant challenge to find a reliable, honest, and experienced loan officer to join their team. After several frustrating transactions dealing with lenders who were commission driven rather than customer focused, Todd and Erin realized that they were the client focused loan officers they had been searching for. Team Newington has been serving their clients ever since.
Team Newington's experience brings in-depth knowledge, skill, and a unique and creative approach to their client's real estate financing needs.
"We are committed to operating in a professional, ethical
and organized manner and are focused on
the success of our clients."
Our Guarantee
Over the years we have come to understand the many fears people have when shopping for a mortgage. Some of these fears may be being lied or tricked into a mortgage that they do not want and cannot afford, slapped with outrageous fees or given a higher interest rate then promised. These fears are no doubt spurned on by the incredible amount of horror stories you may have heard, or may have even experienced yourself, which has left you wary of all mortgage professionals.
We Promise You A Difference...
A difference that you will notice in the presentation of a custom fit mortgage solution for your unique individual needs. A difference that can be appreciated when our team strives to give you the financing terms you expected, or better, at the close of your transaction. A difference you will acknowledge when experiencing the customer service and contact we will provide you after the close of your home purchase or refinance.
This continual client contact service will include:
Free education downloads and resources available at our websites and by mail.
A mandatory 3 month call back service to ensure that your new mortgage is satisfactory, and answer any questions or concerns you may have with your home.
Every 6 months a scheduled Equity Report on your property will be mailed to you. This valuable information will give you a current look at your home's equity level and your neighborhood's rate of appreciation.
You will also receive a FREE annual Mortgage & Debt Strategy consultation to ensure that you are continually making progress in your steps towards your financial goals.
To top this off, a highly experienced mortgage planner/debt strategist from our team will be readily available to you for all of your questions and concerns at all times. This is our promise to you and our guarantee.
Testimonials
"“Todd Newington is an excellent speaker who presents the material in a concise and professional manner and is considered by many to be a professional in the field of real estate investing and financing. He will take you far!"
Mary Ann O. Mon Aug 25
Mary Ann O. Mon Aug 25
"“I have rarely had the privilege of working with nicer people. Team Newington is very knowledgeable, innovative, and effective with what they do.”"
Laural P. Mon Aug 25
Laural P. Mon Aug 25
"“Over the course of the last few years being engaged for a wide variety of reasons, I have always found the professionalism and attentiveness of Team Newington excellent. I would recommend their services to my family and friends... and would not hesitate to utilize them myself.”"
Bernadette G. Mon Aug 25
Bernadette G. Mon Aug 25
"“Team Newington worked double time to get our loan approved. They were very efficient and knowledgeable with different loan options. Todd took the time to educate us with long-term financial planning. Team Newington definitely is highly recommended.”"
Delia Q. Mon Aug 25
Delia Q. Mon Aug 25
"“I give Todd my highest recommendation. He is professional and reliable. He treats all his clients with individual attention and is a great and patient listener. Not a common quality in today's fast-paced society, but definitely one that makes the biggest difference in customer satisfaction!”"
Lori R. Fri Aug 1
Lori R. Fri Aug 1
"“I used Team Newington to locate a mortgage for a rental property I own. Todd and Erin are concerned about me personally. They took the time to get to know my financial rules and plans, my profile, and me as an individual with hopes and dreams before they came up with recommendations. It is important to me for my suppliers to respond to my questions, phone calls and emails in a timely fashion. Top scores to Team Newington! They always keep me informed almost immediately as to what they are doing on my behalf. The mortgage they identified for me was the right fit for my situation at the time. I am very pleased with the work they performed, and look forward to working with Team Newington again in the future.”"
Carol P. Mon Aug 25
Carol P. Mon Aug 25
"“First Priority Financial's expertise of mortgage products and their strategies to leverage funds for real estate investments have been valuable to us. Todd Newington helped us think through challenges and gave us strategies to navigate through this downwardly spiraling real estate market. Through his counsel, we have successfully navigated away from some investments and gained insights into how to more profitably approach others. First Priority Financial is an integral member of our investment team.”"
Mary C Wed Aug 20
Mary C Wed Aug 20
""Thank you for your persistence and expert help with obtaining financing for my property. Your attention to my needs and goals partnered with your desire to find the very best deal possible for me was clearly evident and resulted in a good solution for my mortgage. Even with the little bumps along the way, you were tenacious in watching my back. Bravo! I look forward to future business transactions."
Carol Tue May 13
Carol Tue May 13
My Q&A
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Team Newingt…'s Questions (0)
Team Newingt…'s Answers (18)
Team Newington answered:
Hi Marianne!
It would be better is you gave us some more details. Your interest rate depends on a lot of factors.
Here are the major ones:
- How much money you will put down
- The amount of the total mortgage
- If you have a second mortgage involved in your transaction
- The type of loan program you are looking for
- The type of loan documentation you will provide the bank
I think that about covers it! There is a lot that goes into determining your interest rate. I would be leery of anyone who could give you a rate based on the information you have provided here.
Any good mortgage professional can assist you with this it just takes a few minutes over the phone!
Good luck!
It would be better is you gave us some more details. Your interest rate depends on a lot of factors.
Here are the major ones:
- How much money you will put down
- The amount of the total mortgage
- If you have a second mortgage involved in your transaction
- The type of loan program you are looking for
- The type of loan documentation you will provide the bank
I think that about covers it! There is a lot that goes into determining your interest rate. I would be leery of anyone who could give you a rate based on the information you have provided here.
Any good mortgage professional can assist you with this it just takes a few minutes over the phone!
Good luck!
Team Newington answered:
Hi Jeni!
We ran into this on a deal we closed last week. The bank put a vague description of what they would cover in the contract in regards to closing costs. We caught it upfront but after several weeks of trying to get clarification, it was not until we were at the closing table did they give us a firm answer.
I wish that the Realtor for the buyer would have realized that it was a BIG gray area! Whether it is a REO property or not if it is not clearly stated in the contract for who is paying what, it leaves room for interpretation.
We were able to work it out in our client’s favor in the end but it was a stressful closing.
I agree with Elizabeth... Play hardball with them and they should give in to pay the fees.
We ran into this on a deal we closed last week. The bank put a vague description of what they would cover in the contract in regards to closing costs. We caught it upfront but after several weeks of trying to get clarification, it was not until we were at the closing table did they give us a firm answer.
I wish that the Realtor for the buyer would have realized that it was a BIG gray area! Whether it is a REO property or not if it is not clearly stated in the contract for who is paying what, it leaves room for interpretation.
We were able to work it out in our client’s favor in the end but it was a stressful closing.
I agree with Elizabeth... Play hardball with them and they should give in to pay the fees.
Team Newington answered:
Hi Mie!
We run into this often with our clients. You are right not to want your credit report run every time you put in an offer!
What we do is find out who the contact person is where our clients are required to get the pre-approval. Then we call the other loan officer and find out what they need from us in order to get a pre-approval so our client's can put in their offer. Most times they will take our credit report and automated approval and they will provide the letter.
It has been my experience that those brokers who are asking for pre-approvals that require a complete credit package (tax returns, new credit reports, etc) lose out on offers. Our clients usually move on if they will not work with us. I personally don’t like the fact that my tax return (if I were the buyer) would be floating around to people I don't even know!
Happy hunting!
We run into this often with our clients. You are right not to want your credit report run every time you put in an offer!
What we do is find out who the contact person is where our clients are required to get the pre-approval. Then we call the other loan officer and find out what they need from us in order to get a pre-approval so our client's can put in their offer. Most times they will take our credit report and automated approval and they will provide the letter.
It has been my experience that those brokers who are asking for pre-approvals that require a complete credit package (tax returns, new credit reports, etc) lose out on offers. Our clients usually move on if they will not work with us. I personally don’t like the fact that my tax return (if I were the buyer) would be floating around to people I don't even know!
Happy hunting!
Team Newington answered:
Hi AJP!
Let us know if you still need help with this. We are working on a 1.8 million dollar construction loan right now. You are right! Many large banks are pulling out of the construction market. I would recommend working with a mortgage broker so they can assist you to find the best deal! The loan I mentioned before is a client who had their loan placed at several large banks and each time they got an approval the banks closed down their construction division. Our clients have wasted months working one on one with the individual banks.
Let us know if you need help!
Let us know if you still need help with this. We are working on a 1.8 million dollar construction loan right now. You are right! Many large banks are pulling out of the construction market. I would recommend working with a mortgage broker so they can assist you to find the best deal! The loan I mentioned before is a client who had their loan placed at several large banks and each time they got an approval the banks closed down their construction division. Our clients have wasted months working one on one with the individual banks.
Let us know if you need help!
Team Newington answered:
I agree with Sue. You need to remember the lending market is night and day compared to just a couple years ago. Before you needed to just have a pulse to qualify.. Now lenders are much more strict. Credit is more important than ever especially when you are only putting 3% down.
If I can be completely honest... your score is "challenged" and the fact that they could get you into a loan at all with so little down, is a good thing in this market. Trust me... I do this for a living! I am not knocking you about your score, I just want you to realize the current state of the mortgage market.
If you were my client, I would go through a budgeting process and do a thorough review of your credit report. Number one thing we would need to work on is a plan then worry about the loan.
There are down payment assistance programs still available that can help you with the down payment, but you really do need a plan. Any good Realtor would know how to structure this for you.
Because of your price range, it would really benefit you to buy if you can create a plan for success. The fact is you would not be paying much more than your rent and you could own the home instead of paying someone else's mortgage.
I wish you luck!
If I can be completely honest... your score is "challenged" and the fact that they could get you into a loan at all with so little down, is a good thing in this market. Trust me... I do this for a living! I am not knocking you about your score, I just want you to realize the current state of the mortgage market.
If you were my client, I would go through a budgeting process and do a thorough review of your credit report. Number one thing we would need to work on is a plan then worry about the loan.
There are down payment assistance programs still available that can help you with the down payment, but you really do need a plan. Any good Realtor would know how to structure this for you.
Because of your price range, it would really benefit you to buy if you can create a plan for success. The fact is you would not be paying much more than your rent and you could own the home instead of paying someone else's mortgage.
I wish you luck!
Certifications & Awards
We are CMPS Certified!
What is CMPS Certified?
CMPS professionals have demonstrated financial knowledge and expertise regarding the tax and financial planning implications of various mortgage and real estate investment strategies. Therefore, CMPS professionals can better advise you when it comes to:
- Your single largest debt - mortgage
- Your single largest asset - real estate equity
- Life Planning needs and goals - cash flow
- CMPS professionals are trained to help you increase your cash flow
- CMPS professionals are skilled in helping you become debt free sooner and achieve true financial freedom
- CMPS professionals are equipped to help you profitably invest in real estate and protect you from mortgage and real estate investment scams
- CMPS professionals are qualified to help you implement mortgage and real estate equity strategies to help you save money on income, capital gains and estate taxes
- CMPS professionals are committed to help you improve your credit score and get the best deal on your financing
- CMPS professionals are able to explain the benefits and drawbacks of paying off your mortgage before retirement, and help you to determine which strategy works best under your individual circumstances
- CMPS professionals can guide you in implementing the best home equity and mortgage strategies for divorce situations
- CMPS professionals can help you implement a financial strategy to finance your children's education
- CMPS professionals are equipped to better enable you to financially care for your elderly parents
- CMPS professionals are able to help you implement beneficial mortgage and real estate equity strategies before and during job or career changes
- CMPS professionals can help empower you to start or sell your business by implementing viable mortgage and real estate equity strategies
- CMPS professionals are able to recommend the proper financial strategies when you are ready to buy or build a vacation home
- CMPS professionals are committed, qualified and equipped to help you implement mortgage, cash flow and home equity strategies to build and conserve wealth when buying a home or refinancing your mortgage
- CMPS professionals have pledged to follow a Code of Ethics
Be smart... Ask questions... Get answers!
More than likely, this is one of the largest and most important financial transactions you will ever make. You might do this only four or five times in your entire life... but we do this every single day. It's your home and your future. It's our profession and our passion. We're ready to work for your best interest.
What is CMPS Certified?
CMPS professionals have demonstrated financial knowledge and expertise regarding the tax and financial planning implications of various mortgage and real estate investment strategies. Therefore, CMPS professionals can better advise you when it comes to:
- Your single largest debt - mortgage
- Your single largest asset - real estate equity
- Life Planning needs and goals - cash flow
- CMPS professionals are trained to help you increase your cash flow
- CMPS professionals are skilled in helping you become debt free sooner and achieve true financial freedom
- CMPS professionals are equipped to help you profitably invest in real estate and protect you from mortgage and real estate investment scams
- CMPS professionals are qualified to help you implement mortgage and real estate equity strategies to help you save money on income, capital gains and estate taxes
- CMPS professionals are committed to help you improve your credit score and get the best deal on your financing
- CMPS professionals are able to explain the benefits and drawbacks of paying off your mortgage before retirement, and help you to determine which strategy works best under your individual circumstances
- CMPS professionals can guide you in implementing the best home equity and mortgage strategies for divorce situations
- CMPS professionals can help you implement a financial strategy to finance your children's education
- CMPS professionals are equipped to better enable you to financially care for your elderly parents
- CMPS professionals are able to help you implement beneficial mortgage and real estate equity strategies before and during job or career changes
- CMPS professionals can help empower you to start or sell your business by implementing viable mortgage and real estate equity strategies
- CMPS professionals are able to recommend the proper financial strategies when you are ready to buy or build a vacation home
- CMPS professionals are committed, qualified and equipped to help you implement mortgage, cash flow and home equity strategies to build and conserve wealth when buying a home or refinancing your mortgage
- CMPS professionals have pledged to follow a Code of Ethics
Be smart... Ask questions... Get answers!
More than likely, this is one of the largest and most important financial transactions you will ever make. You might do this only four or five times in your entire life... but we do this every single day. It's your home and your future. It's our profession and our passion. We're ready to work for your best interest.
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