Looking for a mortgage lender? (We have a few in mind that we can recommend btw)
When you’re buying a home — since this purchase is going to stick with you for quite some time — it’s worth spending a little extra effort to find a mortgage lender that offers good rates and will be easy to work with.
Here are some tips…
Check Your Credit Score — Your credit score is the biggest factor determining what rate you’ll be able to get on your mortgage and which types of loans you’ll be able to secure. So the first step is to check your credit score. Higher is better!
Set Your Budget — Before working on finding a mortgage lender, determine what your budget is for a monthly mortgage payment. That’ll help you go in with realistic expectations as to what you can afford.
Understand Your Options — Most homebuyers think there’s only one option for getting a home loan; to pay 20% down to a bank for a decent rate. But that’s not the case anymore. There are a lot of different options. Some of which require only a 3% down payment or for my military brothers and sisters, please look into getting a VA loan, which require ZERO down! So shop around and ask about all of the options available to you.
Compare Rates — Finally, compare rates. Don’t go with the first mortgage lender you find unless they have the best rates among other lenders. The rate you get will have a big impact on how much you pay every month while you own the home!
There are only a few local lenders that I would recommend to use, so please don’t hesitate to get this important conversation started. I hope all this helps!
And if you need to sell your home fast for cash, give us a call atWe’ve been working in the Central Valley for quite some time… we can make you a fair cash offer, purchase in as-is condition, and close in as little as two weeks! F⚡RGE Property Solutions