Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681

Category: Mortgage lender in Portland, Oregon

Address: 2688 NW Vaughn St, Portland, OR 97210, USA

Phone: +15032287077

Opening hours

Sunday: Closed

Monday: 9AM–5:30PM

Tuesday: 9AM–5:30PM

Wednesday: 9AM–5:30PM

Thursday: 9AM–5:30PM

Friday: 9AM–6PM

Saturday: 9AM–1PM

Reviews

Erica Zobel

Mar 17, 2021

Roger helped me get pre-approved to buy a home and worked with me the whole way through the process. He was professional and timely. He checked in with me to keep the process moving forward and truly made my home buying experience a good one. I highly recommend working with Roger for any home loan needs!

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Questions & Answers

Should I pay discount points in exchange for a lower interest rate?

Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021
Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021

Discount points are considered a form of interest. Each point is equal to one percent of the loan amount. You pay them, up front, at your loan closing in exchange for a lower interest rate over the life of your loan. This means more money will be required at closing, however, you will have lower monthly payments over the term of your loan. To determine whether it makes sense for you to pay discount points, you should compare the cost of the discount points to the monthly payments savings created by the lower interest rate. Divide the total cost of the discount points by the savings in each monthly payment. This calculation provides the number of payments you'll make before you actually begin to save money by paying discount points. If the number of months it will take to recoup the discount points is longer than you plan on having this mortgage, you should consider the loan program option that doesn't require discount points to be paid.

What are closing costs?

Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021
Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021

Closing costs on a mortgage or home equity line of credit generally include title insurance, flood certification and an appraisal.

Can I view mortgage information in OnPoint's digital banking?

Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021
Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021

To access your mortgage information in Digital Banking, log in and select your mortgage account from the home screen. Here you will see all of your recent mortgage payments and transactions. For more details, click the "Details" tab and select the Payment Options and Loan Info link.

When should I speak with a mortgage lender?

Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021
Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021

Talking to your lender first can save you the time and frustration of finding a house that you can't afford. By speaking to a lender early in your home buying process, you can find out what you can afford in a house and get prequalified and preapproved. Your lender can also help answer questions about the steps you can take to improve credit or increase savings in order to be better prepared for home ownership.

What is the difference between mortgage prequalification and preapproval?

Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021
Roger Trotman, Mortgage Loan Officer at OnPoint Mortgage - NMLS #123681 | Dec 23, 2021

Prequalification is a rough calculation of the mortgage payment you can afford based on the information you provide to your Mortgage Loan Officer. Preapproval means you're essentially ready to start shopping for a house as you have formally applied for the mortgage, and we've determined that you are eligible for a mortgage of a certain amount.

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