good loan. In the end, the new homeowner has a nice home, but a bad deal when it comes to the mortgage. Not a lot of people have the capability to buy a house for cash; most people will require a mortgage. Therefore, you not only need to go shopping for a house — you also should go shopping for the best loan deal. There are different types of loans out there, and it’s best to check several and then compare them. That way, you’ll have better chances of securing a mortgage that won’t be a burden in the future. It also means you’ll have an opportunity to save some money at the end of each month. Shopping for the best loan on your own can be a daunting experience, and it might be a difficult task to accomplish by yourself. To overcome that hurdle, it’s recommended that you hire a mortgage professional for many of the same reasons you should engage a real estate professional. Stay away from online mortgages. Ask your agent to refer you to a good lender. No doubt your agent knows many. The bank that you have for your checking/savings is not always the best option. Finding the best mortgage deal is made even more complicated by the fact that the mortgage rates change daily, or even several times in a single day. One can get a good mortgage deal from a mortgage broker, a bank, credit union, or a mortgage lender. Depending on the buyers' financials and credit will determine their best option. If you’re going to buy a home and your down payment is less than 20%, you’re going to need private mortgage insurance. That can add about $100 per month for a home mortgage of $250,000. The cost will vary on mortgage amount and down payment. To find the best mortgage professional to guide you through the process of buying a home, seek advice from real estate agents,
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