Mortgage rates are a hot topic in today’s news – and for good reason. They are an economic indicator. With more than 35 years of experience in this business, one thing I can say for certain is that there is a lot of misinformation out there about best practices when buying a home and obtaining a mortgage.
Let’s look at some:
- Find the perfect home – then look for a loan. This is often a heartbreak lesson for buyers. They fall hard for a home that is simply outside their buying power. Your best bet is to first pre-qualify, then search for the best home in that price range.
- You need perfect credit. Got a steady income and pay your bills on time? Chances are you’ll be able to qualify for a mortgage. The minimum score you’ll need will depend on what kind of mortgage you’re looking to obtain. Give me a call and I can connect you with a lender who can guide you.
- You need a huge down payment. Qualified borrowers can secure financing today through many programs that feature low down payment options and even no down payment options depending on the type of loan. Let’s get together to crunch the numbers so you can make an informed decision.
- 30 Year Fixed Mortgages are the best option. While they are a popular option, there are amazing alternatives now that are available both with short term and long-term payment opportunities. Let’s put our heads together so that we can provide you with trusted loan professionals to help you determine what is right for you and your family.
Ready to see what kind of buying power you really have and what that will look like in real dollars and cents – without the myths and information? Give us a call. We’ve got the resources you need!
