THINGS TO KNOW WHEN YOU ARE READY TO BUY A HOME
You are not the first to be nervous when applying for a mortgage.
Ok, so we all know how we feel about going to the dentist, or when we are driving along minding our own business and we see those flashing blue and red lights in our rear-view mirror, Wow! Does the stress level hit a peak!
Getting a mortgage is probably one of the most important decisions you will make and with that decision comes a large amount of “stress.”
How you can be “STRESS FREE” with some mortgage knowledge and get the best loan program and interest rate.
1-YOU DO NOT NEED A 20% DOWN PAYMENT
4-Closing Costs-What Are They? And Who Pays Them?
6-TAKE TEST DRIVE
This is definitely not a sign and drive decision. Call a lender and ask to be pre-approved for a home loan. The loan officer should be able to advise you on how much you can be approved to borrow, an estimate on the costs and what you might be able to do to borrower more or lower the monthly payments that would be suitable to your specific situation.
REMEMBER THE MORE YOU KNOW,
THE BETTER INFORMED YOU ARE,
THE LESS “STRESS” YOU WILL HAVE!