Financing Your Home Purchase

Do Your Homework When Looking For A Mortgage 

A very important part of buying a home is finding the right lender and the right mortgage product. There are many different kinds of lending institution, offering a wide range of loan packages. So it is important to do some research and shop around because what you don't know could cost you.

Getting Pre-qualified

Generally, it is recommended that home buyers get pre-qualified for a loan with a lender before searching for a home to purchase. That way you will have completely reliable information about what you can afford. Additionally, any offer that you make on a home will be taken much more seriously if you have been prequalified than if you haven't.

Other good reasons to get pre-qualified include:

• You can determine which loan program best fits your need and which programs you qualify for.
• You'll know exactly how much you are qualified for. It's no fun to find your ideal home and then realize that you can't afford it.
• Your down payment, monthly payment and closing costs will be set so you can budget your money in advance.
• If you are a first-time buyer, you may qualify for a special first-time buyer program which may allow you to afford more home for your money.

Need more information?

Call (619) 203-8299 Find your Dream Home Schedule Buyer Consultation