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

  • 11May

    Getting a Legitimate Lender and Getting Pre-Approved

    By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you.

  • 16May

    Find a good Real Estate Agent

    The most important attribute of an agent is that he/she is well connected to the real estate industry.

  • 28May

    Considering Offers to Buy Your Home

    When reading an offer, keep in mind that you are out to get the best price AND the best terms for you.

 

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€¦

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