Stop Paying Rent Forever! Part 1 Six Tips To Help Save You Money… And Anxiety!
With interest rates hovering around their thirty-year lows, a multitude of flexible and low-cost loan financing programs are available as well as a wide variety of assistance programs that can help virtually anybody experience the joy of homeownership. In short, the time is right for buying your a home.
However, if you have always been a renter then you probably aren’t as well informed of the intimate processes of obtaining a home mortgage as you’d like to be. To guide you through this exciting but often confusing time, this report details six tips that will help make your purchase a much smoother experience, save you money and eliminate your anxieties.
Get Mortgage Pre-Approval Before Starting Your Search
Before you begin looking for the home of your dreams, before you make one single decision regarding a home purchase, call my office to get pre-approved by a mortgage professional. This is a FREE service I offer and will give you a definite advantage in the buying process.
During the evaluation stage, we’ll look at your financial situation and help you figure out how much home you can afford. This may influence your decision for size, amenities and location, which will help narrow your search.
Pre-approval will also give you a step up on your competition. Homebuyers that are pre-approved have increased leverage over buyers who are not. Essentially a pre-approved buyer becomes a “cash” buyer.
Shop Around For A Professional Mortgage Broker
Like most industries, the quality of mortgage professionals can and does vary significantly. So don’t immediately settle on the first lender you talk to. Shop your mortgage around to until you find someone that you completely and unconditionally trust. I think you will find that will be me.
My belief is to “teach” my clients how the real estate and finance systems work against the consumer in order to help THEM make the best decisions possible.
Download the following homebuyer and financing information at my web blog:
www.azhomebuyercoach.com/free-info
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Don’t Become Fixated On The Interest Rate Alone!
Be careful! The lowest interest rate does not always translate to the best deal. Look at the total loan program that is being offered, not just the rate. There are several factors that have to be taken into account when evaluating programs: the loan type (fixed or adjustable), the loan term (15 year or 30 year), the closing costs and the down payment requirement.
NOTE: The most important factor to consider is the ACTUAL interest you pay to the lender over he course of the loan. My average client will save over $100,000 in payments and interest over the life of the loan.
If you are a Phoenix Homebuyer and need a low interest rate loan, get started here
Would you like to buy homes 10% to 20% below market value? Call our office at (602) 291-4362.
