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

  • 02May

    Athens Area School Information

    A variety of great learning institutions in the Athens and surrounding area.

  • 20May

    Getting the Highest Price in the Shortest Time

    The better you market your home, the more offers you will get. And the more offers you get, the more choices you have.

  • 28May

    Investing in Athens Real Estate

    In today’s real estate market you have so many variables pointing to it being one of the best long term investments you could make.

 

Testimonials

Richard T. Mayer


Your involvement in all steps of the purchase, initial offer, home inspection, closing, and post-purchase arrangements for utilities really made it easy for us. I can tell you that after having moved three times to three different states in five years that you were the best, most knowledgeable, and congenial real estate agent that my […]

Meet Bob Allen

Bob Allen is a licensed REALTOR® 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 assistance…

Web site design by ryanlittscreative