Patrick Howell, Mortgage Banker NMLS# 1451751

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United States
Kokomo, IN
Patrick Howell, Mortgage Banker NMLS# 1451751

MJW Mortgage NMLS #199907
Individual #1451751
Equal Credit Opportunity

09/06/2026

Buyers leave money on the table when they forget to ask about seller concessions.

In the right market, a seller can contribute toward your closing costs — easing the cash you bring to the table. It won't fit every deal, but it's worth knowing the option exists before you write an offer.

Let's see if it makes sense for your purchase.

09/04/2026

The smoothest closings usually start with one boring thing: good paperwork.

Pay stubs, W-2s, tax returns, bank statements, and ID — underwriting will ask for them, and having them ready keeps everything moving. A little prep up front saves a lot of back-and-forth later.

I'll send you a simple checklist to get ahead of it.

09/02/2026

Rate and APR get used like they're the same thing. They're not.

Your rate is the cost of borrowing the money. Your APR folds in the fees too, which makes it a truer way to compare one loan against another. When you're shopping, comparing APR keeps costs from surprising you later.

I'll walk you through both so it's clear. Reach out.

08/29/2026

Did you know a gift from family can help you buy a home?

In many cases, gifted money can go toward your down payment — it just needs to be documented the right way so underwriting is comfortable with it. It's one of the most common ways families help first-time buyers get there sooner.

Ask me how to document a gift correctly.

08/27/2026

The length of your loan does more than change your timeline — it moves your rate.

A 15-year loan usually comes with a lower rate and far less interest over time, but a higher monthly payment. A 30-year keeps the payment lower with more flexibility. Neither is "right" — it depends on your goals.

Let's compare them side by side for your situation.

08/25/2026

Putting every last dollar into the down payment can backfire.

Lenders like to see some savings left after closing, and you'll want a cushion for moving costs and the surprises that come with a new home. A strong buyer isn't the one with the biggest down payment — it's the one with a plan that leaves them steady.

Let's build one that leaves you breathing room.

08/23/2026

One number quietly shapes how much home you can buy: your debt-to-income ratio.

Lenders compare your monthly debts to your income to figure out a comfortable budget. The good news — clearing a monthly payment or two can open up more buying power than most people expect.

Let's run your numbers and see where you stand. Send me a message.

08/21/2026

Worried that shopping lenders will tank your credit? It won't.

When you're rate-shopping a mortgage, multiple inquiries in a short window get counted as a single pull. The scoring models are built to let you compare — so you can weigh more than one option without the hit you might expect.

Want to see how your numbers look? Reach out anytime.

08/19/2026

PMI isn't a penalty — it's often what gets you into a home sooner.

Private mortgage insurance protects the lender when you put less than 20% down, which means you don't have to wait years to save a massive down payment. And it isn't forever — as you build equity, it can come off.

Curious how it'd factor into your payment? Let's take a look.

08/17/2026

Two first homes, two sets of keys! Big congratulations to Cody and Kris on closing their first homes. Grateful I got to help you both across the finish line, and thanks to the teams at Metz Title Company in Wabash and Metropolitan Title Company in Kokomo for smooth closings. Welcome home! 🔑

Address

1718 S. Plate Street
Kokomo, IN
46902

Website

https://mjwmortgage.com/patrick-howell/

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