Find the Best Mortgage Rates to Buy a Home
Where to Start When You’re Ready for a Mortgage Loan
When you’re ready to buy a home you’ll want to make sure everything is in place first. In order to do so, you must start with the basics. Since purchasing a home is such a big decision, you want to make sure you do it right and save as much money as possible.
In order to prepare, you should calculate the best mortgage rates for you, check your credit score, look into interest rates, and find the right down payment. Some tips to help complete these tasks:
How to Calculate Your Mortgage Rate
Use a Mortgage Savings Calculator to determine the best mortgage rate for you.
Check Your Credit Score
You can use Credit Karma or another site to check your credit score for free. If you have a good credit score you will be eligible for a less expensive mortgage loan.
Look into Interest Rates
Always look into current interest rates to ensure you don’t pay too high for your loan.
Make a Suitable Down Payment
Your down payment depends on how much you can put down before you get the loan. It’s possible to put down as little as 3.5% depending on the types of loans available at the time.
How Trusted House Finance Can Help
Buying a home is big life decision. That’s why it’s important to find the right partner and the right option for you. At Trusted House Finance, we help you through the entire loan process. Plus we offer personalized advice to help you get the best refinancing rate, which can save you tons of money in the long run.
How to Find the Best Mortgage Rates
Mortgage rates can fluctuate, so it helps to find a trusted professional that can work with you to find the best deal possible. At Trusted House Finance, we keep an eye on past, current, and projected mortgage rates to ensure our customers get the latest and most accurate information, so you can make an informed decision.
How to Qualify for a Loan
Lenders focus on the following to determine if you qualify for a loan:
- Employment History
- Credit Score
- Down Payment
- Cash Reserves
First Time Home Buyer Tips
- Always know how much you can put down and afford
- Don’t spend all of your money on the down payment
- Get pre-approved for the loan
- Budget your money knowing that you might have to put money into home repairs, appliances, and property taxes
- Make sure to have the home inspected to look for any major issues before you buy
Get Lower Rates Today
Don’t miss out on low mortgage rates.
Calculate your monthly savings with our Mortgage Savings Calculator below.
If you’re ready to lock in those rates, contact Trusted House Finance today and we’ll help you start saving today!
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