We Got Your Six!
A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost. The mortgage is legally binding and secures the note in giving the lender the right to have legal claim against the borrower’s home if the borrower defaults on the terms of the note.
Trust the Process!
The process of applying for a mortgage loan can be a stressful. The first thing a borrower should do before going to their bank is acquire a copy of their credit report and check it for errors. If there is any incorrect information, it needs to be disputed as outstanding issues can cause a mortgage application to be rejected or lead lenders to charge a higher rate of interest.
The borrower should know what type of home is desired, how much they qualify for and what their budget affords. Those constraints can determine the mortgage type and term.
THAT IS WHERE WE COME IN! Grab yours from us for FREE
From FHA to Conventional, we are there with you every step of the way and you are never alone on this exciting journey. Any questions go ahead and give us a call to have a FREE consultation.