We understand that there is a lot involved with obtaining a home mortgage. Please feel free to contact us at any time for a personal consultation where we can address your specific needs and answer all of your questions.
Qualifying for a mortgage requires meeting a pre-determined set of guidelines established by a lender, which may include credit history, income, employment and assets.
Required down payment, income / employment information and credit standing are a few of the important factors lenders look at when considering a borrower for a mortgage loan approval.
One of the most critical parts of getting a mortgage is the Appraisal. The purpose of an appraisal is to confirm the home value for the lender.
An appraisal is a professional estimate of the value of the property that you are planning to purchase.
Closing Costs / Fees
The actual cost of obtaining a mortgage mainly depends on whether or not the borrower is paying points for a lower mortgage rate. In some cases, there are also other loan processing and underwriting fees associated with the work involved in the transaction.
Mortgage rates can fluctuate several times a day, and are influenced by many factorsthat are out of the loan officer’s control.
Determining if you’re getting the best deal at any given moment boils down to whether or not you trust that your preferred loan officer is truly looking out for your best interests.