Purchase

How to Begin Financing Your Home

A mortgage broker is a professional who helps homebuyers find the best mortgage loan for their needs. I work with a variety of lenders to provide clients with options for their mortgage financing. By using me as their broker, homebuyers can save time and effort in the mortgage shopping process. I will assess the buyer's financial situation, including their credit score, income, and debt, and then find loans that match their needs. I also take a loan application application and provide guidance throughout the mortgage process. As an experienced mortgage broker, I help homebuyers get better loan terms/rate, as we often have access to special offers from lenders.

The following are a few guidelines of how to ensure a smooth purchasing process:

1. Get your finances in order

When you are ready to purchase a house, you should know exactly what your credit reports say about your financial history before you apply for a mortgage. We will have a discussion about your financial state, and how to obtain the best interest rates for a mortgage.

2. Get pre-approved for a mortgage

I can help you get a pre-approval using online mortgage calculators and analyzing your financial history. It determines what the maximum amount is that you are capable of borrowing. It is also important to verify that you get the best interest rates on your pre-approval. Once you are pre-approved, you can shift your focus to finding your dream home. Getting pre-approved avoids possible disappointments, since you may end up offering more than what you can afford.

3. Search for a home according to your needs and wants

Before searching for homes, make a list of what you want and need in a home. When you go house hunting, this list will help you to focus on the key factors that are most important to you.

4. Home inspections and other tests

When you have settled on a home you like, make sure you talk to your mortgage broker and real estate agent about home inspections. They are there to help protect buyers from buying properties with potential problems.