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If you are planning to purchase a new
home, upgrade to a better home, or purchasing investment property,
take some time to examine these factors. Here are important factors
to consider and review before shopping for a property and before
starting the loan application.
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Calculate your total liquid assets. |
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Document your income
and determine what you are willing to provide. |
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Examine your outstanding credit balances. |
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Work with your Associate Mortgage Representative to find a loan that fits your needs. |
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Before you shop for your home,
get
pre-qualified and then pre-approved |
Once
you have the above you will want know these terms and how they will
affect you.
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The interest rate or percentage
rate which money is lent to you, for example 8% and the annual
percentage rate (APR).
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The points, a one-time fee added by the lender, example: 1 or 2 points.
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The application fee
sometimes charged by the lender and borrower typical expenses, e.g., credit report and home appraisal expenses, i.e. $30.50 and $350
which usually paid by the borrower when they are ordered.
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Closing costs, including transfer taxes, title insurance, escrow, inspection, notary, and so on.
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And
for still more information, look at
And, of course please
feel free to contact us with any
questions, request information or receive a quote...
When you get a Florida mortgage through us, we want it
to be a great experience!
Contact us directly at (561) 228-8563 or (888) 431-6387,
ask us a question
or two. Or, click on our Live Chat to
message us now!
We look forward to hearing from you,
our most important client!
Page Updated: 07/31/2007 First Published: 2001 |
