A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification.
As your agent, I will help you pre-qualify. Items considered when pre-qualifying for a mortgage loan include:
- Employment History
- Credit History and Scores
- Monthly Income and Expenses
With my knowledge of the mortgage market, I'll help you make an informed decision as to the type of loan you'll want. There are many different types of loans to consider - FHA, VA, Conventional and even Bad Credit Loans. We'll find the best loan for your situation.
|Getting your mortgage is just one part of getting into a new home. Redbud Realty & Associates is experienced at assisting new and experienced in all areas of real estate. Contact me if your needs include a real estate pro ready for the business side of real estate.|
Are you thinking of financing your new home? Redbud Realty & Associates can help.
Stressed out about applying for a mortgage? You don't have to be. I have close professional relationships with various lending companies in the area, and they've helped me recognize a few things that make the loan application process effortless.
1 – Assemble a list of questions about your loan programMake sure to bring a list of questions with you if you find that you do not thoroughly understand the advantages and disadvantages of the different loan programs. It is often a challenge to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts can assist you in understanding the advantages and disadvantages of both.
2 – Determine when you want to lockBy locking in an interest rate, the mortgage lender is keeping to the mortgage interest rates for the loan – most often at the time the loan application is sent in. By floating the rate, you can lock the rate anytime between the day of your loan application and the issuing of closing documents. Those who opt to float presume that the interest rates will plunge in the near future.
3 – Determine if you want to pay additional points to lower your interest rateIf you choose to pay additional points to lower the rate of your loan, you'll pay for them in cash at the time of closing. Each point is 1 percent of the mortgage loan. If you're undecided on whether or not buying points is the best option for you, click here to use our points calculator.
4 – Bring your paperworkAcquiring a loan requires lots of paperwork, so you should take some time to get all your documentation together. Click here to preview general questions you'll have to answer on a loan app.