Health & Fitness
Buyers Have Hard Decisions!
Today's Real Estate Buyers have many choices for Lenders and few choices for Loan Program Options. What's the better choice, a Mortgage Professional or internet option?
Taking the big leap into Home Ownership is one of the most important financial decisions you will make in your lifetime. There are many factors to consider when starting on this path to buying a home. Whether using a Conventional or Government Loan, it is very important to find the correct Loan Program that fits your Personal Long Term Goals.
First and foremost, you must have a trustworthy Professional Mortgage Consultant in your corner, willing to take the time and guide you step by step thru the entire
process. This is necessary so you completely understand the options available based on your current situation, while taking into consideration your long-term goals.
Be upfront and honest with all communication with your Mortgage Consultant. If not, the truth will come out eventually, and you may not be able to qualify for the Program you want, or even a Mortgage Loan. Ask questions, lots and lots of
questions. If something doesn’t make sense, ask for clarification to be sure you understand everything that is going on during the transaction. By all Parties being upfront and honest, it makes the entire transaction go smooth and be able to head towards the goal of an easy Closing on your new Home!
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Some potential Buyers turn to Internet based services to see what Rates are. These Rates are often not realistic based on many factors. Most people will not be able to qualify under all the various underwriting guidelines to get that “Special Rate”. A faceless website does not care about your financial well-being. It cannot guide you thru the Mortgage Maze, nor battle any obstacles that crop up on your behalf! When shopping for a home loan, be wary of web-based Lenders that offer Programs that are designed to “reel in” Buyers with fictitious rates and services. These Rates/Programs are usually based on unrealistic time frames and qualifications. Be sure to really read the small print.
A Professional Mortgage Consultant strives for constant, clear communication so you understand exactly what is going on during your entire transaction. Based on the information you provide, they will lay out the options for you to determine what is best for your individual situation. You will be able to clearly understand all terms and conditions of your loan, all Closing Costs, Third Party Fees, Pre-paid Escrows, Mortgage Insurance and anything else associated with your Loan. You will be able to understand exactly how much Sellers Contributions will be covering, the amount left for you to bring to Closing and how much your monthly payment will be. You actually will have a professional in your corner, there to protect your interests!
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Home Ownership provides a rewarding way for building wealth and a strong financial future. A Professional Mortgage Consultant will be there thru the entire transaction with ongoing service to assist you in managing your largest asset over time.
Steven Goldman
763.202.8145
763.220.0745
