Clay Herbert

Sales Manager

Sales Manager

Sales Manager
22 Mohawk Trail
Greenfield, MA 01301
Work: (413) 772-2529
Fax: (866) 314-7023
clay.herbert@academymortgage.com

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My past Real Estate experience, I had taken an interest in Helping First-Time Home Buyers. I learned the mortgage programs that worked best for my buyers, with them being very happy at closing. Knowing the mortgage programs as well or better than most loan originators, I was offered a position with a top 10 lender in 2003. As 2004 Rookie of the year, 90% of my business was from referrals. My experience gave me the tools to help home buyers over and above your typical loan originator. Knowledge, Communication, and personal care is what I provide, helping you enjoy the home buying adventure

I have a daughter, adopted son, 2 foster sons one special needs, an great wife and love spending as much time as possible with them. I have been organization president, selectman, youth football and baseball coach, along with being involved with law enforcement. The community is what I enjoy, making them laugh and just having a good old time.

Stop by and visit me anytime, everyone is welcome!!

MLO50453 Massachusetts Mortgage Loan Originator LicenseNH50453 New Hampshire Mortgage Loan Originator LicenseVT50453 Vermont Mortgage Loan Originator License

Mortgage Education

View these helpful tips for becoming a homeowner.
We are proud to be one of the top independent purchase lenders in the country. We achieved this distinction by continually providing exceptional customer service and by following responsible lending practices, especially in today’s rapidly changing economy.Adam Kessler, President, Academy Mortgage

NMLS# 50453

State Lic: Massachusetts Mortgage Loan Originator: MLO50453; Vermont Mortgage Loan Originator License: VT50453; New Hampshire Mortgage Loan Originator License: NH50453;

Corp Lic: MA: ML3113; VT: 6289; NH: 14276-MB;

Massachusetts Mortgage Lender License; Licensed by the New Hampshire Banking Department;

Tips for a Simple Loan Approval

If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best way to achieve your goals.

DO’s

DONT’s

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10 Steps to Homeownership

From pre-approval to closing, Academy will help you along the road to homeownership. You can count on us for responsible, honest, and ethical service in every step of the process.

  1. Loan pre-approval. Pre-approval allows you to search for a home that you can afford based on your credit, income, and assets. An application and supporting financial documents must be submitted to your Loan Officer, including pay stubs, tax returns, and account statements.
  2. Home search Once pre-approved, start shopping with your real estate agent! When you decide on the right home for you, the terms of sale are negotiated and your agent presents your offer to the seller.
  3. Formal loan application and product selection. After the seller accepts your offer, formally apply for home financing and select the ideal loan product to meet your needs.
  4. Appraisal and home inspection. As your application is being processed, an appraisal is ordered to identify any discrepancies between the sale price and appraised value. Properties are also inspected for water and termite damage and other safety hazards.
  5. Processor’s and underwriter’s review. A loan processor reviews the entire loan file and sends all pertinent information to an underwriter who makes the final decision to approve the loan.
  6. Final loan approval. If you have a good credit score and debt-to-income ratio, your loan will likely be approved. Keep in mind that there may be financial conditions or property conditions that need to be met before final loan approval.
  7. Closing. Final loan and escrow documents are prepared and signed by you (the buyer) and the seller.
  8. Funding. A wire or check for the amount of the loan is sent to the title company.
  9. Close of escrow. Documents that transfer titles are recorded with the county.
  10. Confirmation of recording. The title company authorizes the escrow company (or closing agent) to draft a check to the seller.

Ultimately the final step . . . MOVE INTO YOUR NEW HOME!

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BUYING VS. RENTING

For many, the benefits of buying a home outweigh the advantages of renting. With mortgage interest rates at historic lows and rents on the rise, now is an affordable time to finance a mortgage with a fixed monthly payment lower than rent.

If you plan to stay in your home for more than six years, buying a home could save you thousands of dollars over renting. And don’t forget about the noisy neighbors upstairs.

The Benefits of BUYING

TAX SAVINGS
Mortgage loan interest is deducted from your state and federal income taxes and a portion of your property taxes may also be deducted.

STABILITY
Fixed mortgage payments (principal and interest) will not change during the loan term whereas rent payments may increase annually.

BUILD EQUITY
Owning a home long term allows equity to build and thus your home investment to grow.

The Benefits of RENTING

FLEXIBILITY
Renting may be the preferred option for those planning or needing to make a move in less than six years.

LITTLE OR NO MAINTENANCE
Renters are often able to rely on landlords and property managers to pay for and make necessary home repairs.

UTILITIES MAY BE COVERED
Some utility expenses may be included in monthly rent payments.

Contact me today to start realizing the benefits of homeownership.

Please consult a tax professional about your specific situation and the tax savings benefits of homeownership.

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