How To Get The Perfect Mortgage For Your Admirals Cove Home!

Posted by Admirals Cove Homes on Dec 25, 2013 in Home, Real Estate | 0 comments

The days of record low interest rates and unverified loans have passed, however that doesn’t mean that it is impossible to get that perfect mortgage. No matter what your situation, first time buyer or looking to upgrade homes there are a few key tips that can help you snag up the perfect mortgage. Here are three tips that are sure to help you obtain the perfect mortgage for your Admirals Cove home.

1.)    Check Your Finances First: It is very important that you check your finances before trying to get pre approved by your lender. You need to check your credit score from all of the major credit reports so that you are sure your credit is in good standing. If not be sure to pay down if not off any of your biggest debts before you even think about looking for a lender. Paying off your debt and having a good credit score will afford you a lower interest rate and save you thousands in the end.

2.)    Seek Professional Help: Even if this is not your first mortgage it is a good idea to speak with a professional, because most likely there are a few things that have changed from last time. A professional will be able to enlighten you on everything that you can expect with your new mortgage and better explain what costs you can expect to accompany your mortgage. Having a better understanding of the landscape of lenders and mortgages will aid you in finding and obtaining that perfect mortgage.

3.)    Be Sure To Shop Around: It is important to keep in mind that a lender should be working to get your business not the other way around. In to make sure that this is happening be sure that you shop around and check out what a few lenders have to offer before you settle on one lender. It is also important to remember that you will be working with this company for the next 15 to 30 years so its best to find the perfect one for you and your situation.