Getting a Legitimate Lender and Getting Pre-Approved

Posted on: May 11th, 2011 by admin No Comments

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.

It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it’s the interest rates or the down payments that vary.

Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the “dream” house requires it.

Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:

* What type of market are you in? Are the interest rates falling or rising?
* Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
* What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?

News and Highlights

  • 29Apr

    Use a Real Estate Agent that represents Buyers

    It’s important that you choose an experienced agent who is there for you.

  • 20May

    Know Why You are Selling Your Home

    Knowing exactly why you are selling is easier for you to set the right plan of action.

  • 29May

    1031 Exchange – Aging Rental Property?

    If you have owned an Investment property for 20+ years and have been depreciating the asset all of these years, you need to seriously consider a tax free exchange of like property.

 

Testimonials

Lori Pennino


Dear Prudential Blanton Properties, This is just a short note about your real estate agent Bob Allen. We are so happy in our home and Bob Allen was wonderful. He was patient, kind and very knowledgeable in his field. We had 2 other agents from other companies that were not as patient and showed a […]

Meet Bob Allen

Bob Allen is a licensed REALTORĀ® in Athens, Georgia, helping home buyers and sellers in Clarke County and the surrounding areas. Whether you’re looking to buy or sell your home, Bob offers courteous, personalized assistanceā€¦

Web site design by ryanlittscreative