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August 20, 2013
Mortgage LenderAnyone who’s spent weeks browsing realtor publications knows finding the perfect home can seem nearly impossible. Until you’ve begun the process, though, you may not realize finding the right mortgage can feel almost as difficult. Despite how commonplace the mortgage-lending process is in America, many people find it challenging to navigate; the perfect mortgage often feels just out of reach. We want to help everyone obtain a great mortgage, which is easier than most think. You can do it in 5 simple steps!

1. Know Your Price Range

Long before you look for your perfect home, you need to know what, exactly, you can afford. The easiest way to do this is by getting pre-approved or pre-qualified for a home loan. Consider your budget, how easily you could make monthly payments, and factor in unexpected costs, like moving, repairs, and closing fees.

2. Research Your Market

Signing a mortgage is a huge financial decision, and you need to know your market to ensure you’ve found the best loan. Decide between a flat-rate and adjustable-rate mortgage by looking at interest rate trends in recent years. Find the best lender by looking at various mortgage lenders to gather a better feel for the process and fees.

3. Clean Up Your Credit

Learn your credit score, and take the right steps to make it stronger. You’ll receive better rates with a stronger credit score, so look for discrepancies, line items to dispute, and any outstanding debts you can pay off. A great credit score is critical to obtaining a great mortgage.

4. Know Your Lender

Before you fill out your loan application and submit your credit report, know what, exactly, your mortgage lender will be looking for. This can vary, so talk to your lender and tailor your application to him or her. You must always be 100% honest with your application, but realize some lenders will focus on different sections. Ensure your employment record, proof of income, and financial resources meet your lenders’ standards.

5. Ask for Help

The mortgage lending process is complicated, especially for first time home buyers. If a section of the application seems confusing, ask for help. Your lender will be able to answer many questions and clarify the process. Various non-profits and community resources exist, too, to assist you. Don’t be afraid to take advantage of them, if you need!

Whether you’re a first-time home buyer or have been through the process before, we want to help you obtain a great mortgage. We’re happy to assist you to purchaserefinance, or learn more about mortgage rates. Simply fill out our Fast Response form or give us a call at 855-300-4339.

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