Getting the Right Home Loan is as Easy as 123
By myfirstcho6600809, Feb 10 2020 06:24PM
When you’re in the market for a home loan, planning is key. Don’t overlook these important first steps to finding the ideal home loan:
1- Get your credit score in shape!
The higher your credit score, the more negotiating power you’ll have when it comes to finding a loan. Get copies of your credit reports from the three major credit bureaus, Equifax, Experian & Trans Union and check them for accuracy. Also, pay off any high interest debts and lower your overall debt-to -income ratio. Paying off those debts will allow you to free up extra money for a down payment.
2- Get Prequalified
Getting prequalified before you start home shopping will save time and make yourself look better to prospective sellers. Prequalification lets the seller know that you’re ready and able to move forward with the purchase of their home. In addition, once you’ve made an offer, your lender will already have the information they’ll need to process your loan.
3- Give Us a Call
Buying a home can be stressful. There are so many things to consider. What type of loan should you get? What additional fees are involved? How much will you need for the down payment? The questions go on and on. We’ll give you the answers you need!
We can answer all the questions you have, and even the questions you don’t know you have! We’re experienced in finding the right loan for your unique situation. Let us help you open the door to your new home loan!