“What does it say”
What your broker can help you with is all the paper work and helping you to understand what it means to you.
I know when buying a house, a lot is asked of you and are we expected to read all of it, yes!
Well helping you navigate through all the paperwork is someone that knows what it is for.
Sometimes it feels like that they are asking for a blood transfusion but let your broker help narrow down what you really need now and what is not a must until it is LOL
Cathy Heckman
Mortgage Contract Services
(303) 638-7814
https://www.mortgagesdonehonestly.com/Home
Rates and what’s a buydown?
Well, it can mean a lot depending on what you want to do long term.
What is better buying down or keeping what is offered at the moment.
What does it mean long term for me and my budget?
Can I refinance later and what does those fees look like in the long run?
These are all good question and your broker can help you answer those and more.
These are strange times and they do their best to keep on top of the markets.
Keeping in close contact with your broker to help you navigate this market be it selling or buy or both. If you are selling one home to buy another it is very important to stay on top of the ever changing market and your broke is the pin in which holds it all together for you. Call them and give them updates and get updates. They are working to make your money do it’s best for you. They can even get you ready to pull the plug when those rates are where you want them to best benefit you!
Sometime we want to jump right into a house but, is it better to take baby steps. What would those baby steps look like for you? With our markets where they are at right now it might be better to start smaller and grow than to have that full-blown house. What would that mortgage look like for you and how could you grow towards your ultimate goal of owning a house with a yard and all it can offer. Talking to your broker can maybe give you a shift in perspective and help you grow from where you are today into where you want to be in your future.
Have you thought about your retirement and is your plan to do a reverse mortgage?
What is a reverse mortgage?
What can it do for you long term or short term?
Do you need help with understanding it?
Do you have questions, well your mortgage broker in most cases can help you get those answers? Let’s talk about it and get some answers to help you navigate your options.
A mortgage rate lock will lock in your interest rate for a certain amount of time? It is usually tied to a certain property and application. So, if something changes then you will more than likely end up having to get a new rate quote. So, it is very important when buying a house to have your duck in a row so you can lock in that rate and keep it low. Your mortgage broker can help you navigate and explain what are your best options. It is very important to keep those communications going for a good outcome to your new home purchase.
Down payments can be a large and if you are buying a house that requires some work to make it your forever home can you afford to do both? Fix it up and put down a large down payment can be overwhelming. Have you thought about taking out a HELOX or second mortgage to get those things done? What are your possible options for doing both at closing? What do those payments look like and what kind of equity will those changes do to the equity you may gain in your new purchase? Talk with your broker and see what they can do for you so that you can have that new forever home the way you see it.
These programs have been around for a longtime but they do change as the market changes.
Have you checked into your possible available option and what will work best for you?
There are hundreds of down payment assistance programs available? These programs are generally meant to assist first-time buyers, but there are also programs for others. As a broker we have new resource that allow us to search for all of the available programs in your area to find the program that may help you buy a home. Despite what the media tells you, 20% down is not required to buy a home. Talk to your mortgage broker for the best possible option for you. Let’s plan for your future.
How can we know what is the when it is the best time to get that home mortgage started? The best way is to know you are ready for that mortgage payment whatever you choose to do. Are you finances in order? That famous phase House Rich, Cash poor. Navigating through this is something that your mortgage broker can help you analyze. Is the refinance or new buy going to lead you down the right road. Know what you should be looking at to make the best choice for you. Always talk to your mortgage broker for guidance.
No, it does not, when it comes to Mortgage Brokers and/or companies. It is all in the fees and the quality of care and looking for that best deal for you.
The quality of work and care that someone takes on for your best interest is something that should be up front and foremost important to you. Sometimes bigger is not better and sometimes smaller means more personal attention. You will get more out of where you choose to go the more you give them to work with have those conversations before engaging in the process. Talk about those fees and what they plan on looking for you. What do they feel is best for you does it line up for what you see is best for you.