How To Get The Mortgage You Need
If you have made the decision that you would like to purchase your first home, congratulations! You have made the first step towards one of your biggest, most important investments. Why is it, though, that understanding this significant process can be so difficult, and so many find themselves undereducated and confused about what it takes to buy a home? To remedy that and help you on your way to getting the understanding you deserve, use these tips:
- Get Good Teammates: You should not have to go through the home buying process alone. Find a realtor you trust as he or she will be your guide to the local housing market. Take the time to do your research about mortgage lenders to ensure you go with one who will take the time to help you understand the mortgage process. You do not want to be shortchanged time- and education-wise, as it could end up (literally) costing you.
- Do Your Homework: Before you head to your mortgage lender’s office, make sure you know what your borrower profile looks like. Collect bank statements on each of your accounts and a credit score. Bring these plus information on any outstanding debt to your mortgage lender so he or she can be educated when advising you on the best mortgage for your financial situation.
- Be Open: When you meet with your mortgage lender, make sure you let him or her know about your plans for the house. The right mortgage for a home that you are hoping to flip in a few years looks very different from the right mortgage for a house you want to spend a decade in. Make sure your mortgage will meet your long- and short-term needs by communicating openly with your mortgage lender.
If you are shopping for the right mortgage lender to guide you through and protect you during the mortgage process, contact Andraya Coulter. As a home lending expert in Northern California, I can help you flawlessly execute the process so you can get into your dream home in the Bay Area.