Founder and director of Business Development
Work
291 S Preston Rd 940 Prosper TX 75078
Cell: (972) 569-7226
Sharon Mistowski brings over two decades of experience and an unparalleled passion for real estate to the leadership of our company. As the founder and director of business development, she has been instrumental in shaping the growth and success of our business. Sharon’s forward-thinking approach, combined with her deep understanding of market trends, has helped forge strong client relationships and expand our company’s reach across new markets. Her focus on client satisfaction and innovative solutions ensures that every project receives personalized attention and strategic insight.
In addition to her leadership role, Sharon is actively involved in mentoring the next generation of real estate professionals within the company. Her ability to identify opportunities for business growth and her strategic vision are vital in driving both long-term success and day-to-day operations. Under her direction, the company continues to thrive, delivering results that consistently exceed client expectations.
Mortgage Insights is your gateway to understanding the mortgage world with clarity and confidence. We simplify the complexities of home loans, offering easy-to-follow advice on everything from interest rates and refinancing to choosing the right mortgage for your needs. Our goal is to empower homebuyers and homeowners with the latest market insights, expert tips, and strategies to make smart financial decisions. Whether you’re navigating the process for the first time or seeking to optimize your current mortgage, Mortgage Insights is here to guide you toward a successful home financing experience.
A mortgage loan consists of several key elements that determine how you’ll repay the borrowed amount:
An upfront payment made by the buyer, usually a portion of the property’s purchase price, which reduces the total loan amount.
This is the core amount you borrow from the lender to purchase your property.
The cost of borrowing, calculated as a percentage of the principal, and paid over the life of the loan.
The duration over which you agree to repay the loan, typically set at 15, 20, or 30 years.
A detailed payment plan that shows how each installment is divided between paying down the principal and covering interest.
The home you buy serves as security for the loan; if you fail to repay, the lender can foreclose on the property.
Mortgages can have a fixed interest rate that stays the same throughout the loan term or an adjustable rate that can vary with market changes.
There are various mortgage options available, including conventional loans and government-backed loans like FHA, VA, and USDA. Your eligibility for these loans depends on factors such as your credit score, income, and the amount you’re able to put down upfront.
Choosing the right mortgage is crucial as it directly impacts your finances and homeownership experience. Fixed-rate mortgages offer stable, predictable payments, while adjustable-rate mortgages (ARMs) start with lower rates that can increase over time. Additionally, loans like FHA and VA have specific requirements but often provide benefits such as lower down payments.
Your mortgage choice should align with your financial goals, whether that’s keeping upfront costs low, ensuring steady payments, or having repayment flexibility. Making the right decision will help ensure your home purchase is manageable and fits your long-term plans.
Here’s an overview of common mortgage options:
With over $500 million in real estate transactions, Team Lloyd & Associates is committed to providing a personalized and seamless real estate experience. We work closely with mortgage professionals to ensure you have access to the best loan options tailored to your needs.
Disclaimer: While we offer valuable information about various mortgage options, we are not mortgage professionals. We recommend consulting with a licensed loan officer to explore available programs and determine your eligibility.
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