Warminster PA Mortgage Lender

The Bill Mervin Team at Apex Home Loans

MORTGAGE CALCULATOR

Monthly Mortgage Payments

Let us help you achieve your dreams

We’ve helped fund more than $250 Million in home loans

Whether you are buying a home, refinancing to a lower interest rate, refinancing to obtain cash or converting from an adjustable-rate mortgage (ARM) to a fixed-rate loan, we’ll help you choose the right loan. Reach out today for a simplified experience and find a home loan that help you achieve your dreams.

Are you looking for a mortgage calculator?  We have provided a monthly loan payment calculator for your convenience.  Click Here

FHA Loan is insured by the Federal Housing Administration. This is an attractive option for many first-time home buyers because it allows for lower down payment and easier credit qualifying.  READ MORE

A Conventional loan is one of the most popular types of loan programs and is ideal for home buyers with good credit scores. There are a variety of conventional loan programs with different minimum down payments. We lend both conforming and non-conforming (jumbo) loans.  READ MORE

Veterans Affairs (VA) loans are loans provided to active-duty military and veterans. These loans are guaranteed by the U.S. Department of Veteran Affairs. For those who qualify, VA loans are usually easier to obtain than conventional loans. READ MORE

Refinancing

Refinancing is the process of getting better terms on your current housing loan by taking out a completely new loan. This new-and-improved loan will leverage positive market conditions, and Bill Mervin Team can customize it to your financial goals. READ MORE

Considerations When Applying for a Home Mortgage

 

Owning a home is a smart financial decision that has long term benefits. When you own your home you are building equity instead of paying a renter and never seeing that money again. Being a home owner sets you up for success and gives you independence. It’s also a smart financial investment because your mortgage interest and property taxes are tax-deductible.

You may already know owning is a smart investment but what steps can you take to ensure you can afford a home? Most lenders will look at the same list of criteria to determine how much they are willing to loan you for your home.

This list includes:

  1. Your Credit Score
  2. Existing Assets, including cash
  3. Car leases and/or loans
  4. Credit Card Balances
  5. Debt Consolidation Loans
  6. Home Equity Loans
  7. Installment Loans
  8. Student Loans
  9. Any Other Monthly Debts
  10. Size and Source of Your Down Payment

That may seem like a lot of factors, so how do you determine you’re in a good place financially to consider being a home owner? In order to determine a range of what you might be able to afford before ever talking to a lender, here are some guidelines to get you started in the right direction:

*A common guideline is that the range you’re considering shouldn’t be any more than 2.5 times your annual income before taxes are taken out. For example, if you make $50,000 annually, your price range on the cost of a home should be very close to $125,000.

*Another helpful guideline is that your Housing Expense Ratio which encompasses principal, interest, taxes and insurance should not equate to more than 25% to 28% of your monthly income before taxes.

*You will also want to take into consideration your Debt-to-Income Ratio which is the ratio between your monthly expenses and your monthly income. Your Debt-to-Income Ratio should not exceed 36% of your monthly income before taxes.

*Finally another helpful tool in determining if you can afford to purchase a home is a mortgage calculator. A mortgage calculator is an automated tool that can easily be found online. It will take into consideration several different variables to help you conclude if you are in a good position to start searching for homes.

For more information on our mortgage program, please contact Bill Mervin Team.

Helpful local public sites in Warminster, PA:

BILL MERVIN TEAM - APEX HOME LOAN

Why the Bill Mervin Team?

Our team is comprised of Certified Mortgage Planners who take a holistic approach to the home loan consultation and cash flow  planning. 

As opposed to just spitting out an interest rate and monthly payment, we believe building a relationship and understanding a client’s entire financial picture and long-term financial goals allow us to counsel, educate and build a custom mortgage planning strategy. Our goal is for every client to make confident and well-educated home buying decision.

A solo loan officer’s job ends when their clients are placed in debt.

Our team feels that our job continues well beyond the day of settlement. Through our “Mortgages Under Management” program, we proactively monitor your loan program for the entire time you’re in the home, and have quarterly and annual touch-points to keep you informed throughout entire process. 

Call us at 215-910-4293 so we can walk you through the options

What Makes us Better?

Solo Loan Officer

  • Wears many hats
  • Transactional
  • Has a finite amount of time
  • Makes lots of promises
  • “Too busy” to follow up
  • Cookie-cutter approach

Bill Mervin Team

  • Focused on the partnership with clients
  • Leverages multiple peoples’ time
  • Sustainable & scalable
  • Highest quality service levels
  • Consistently delivers
  • Thorough support Staff
family buying a new home

Client Success Story

Excellent Team, Excellent Service!

Bill and his team were fantastic to work with! Our family had been dreaming of purchasing a bigger home and we wanted to make sure that we went into the process with much care and diligence. Bill and his team answered all of our questions and concerns, and we especially appreciated how quick they were to respond and move to action. I would definitely recommend this team to anyone who is looking to purchase a home!

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5/5
  • Low Down Payment Programs
  • Low Credit Score Programs
  • Customized Marketing Support
  • Strong Core Values
  • 95 Net Promoter Score
  • Consistently Close Clear & On-Time
  • Firm Established in 1998
  • Direct Lender
  • Cutting-Edge Technology
  • Consumer Connect Digital App
  • Wide & Diverse Product Mix
  • Heroes First Program

What our Happy Clients Have To Say
About Working With The Bill Mervin Team

newtown pa mortgage

Excellent Team, Excellent Service!

Bill and his team were fantastic to work with! Our family had been dreaming of purchasing a bigger home and we wanted to make sure that we went into the process with much care and diligence. Bill and his team answered all of our questions and concerns, and we especially appreciated how quick they were to respond and move to action. I would definitely recommend this team to anyone who is looking to purchase a home!

  • World-Class, White Glove Service
  • Chief Experience Officer (cXo)
  • Holistic Advisory Approach
  • 73-Step “Perfect Loan Process”
  • Detailed Milestone Updates for All Parties
  • Financial Market Technology & Rate Analysis
  • In-house Underwriting & Processing
  • Apex Approved Pre-Approval Process
  • Milestone Gifting Programs
  • Highly Personalized Marketing
  • Segmented, Specialized Team Roles
  • Speed, Accuracy & Results

Our team has created Mervin Missions to allow our staff to volunteer and support local charities in the community. Our Team has been fortunate to be involved with charity events since in 2013!

HOME BUYERS GUIDEBOOK

We don’t need an email address. We want a more educated buying experience for our clients.

Areas Served

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