One of the most important aspects of purchasing a home is applying for and understanding your loan process.
A good lender will describe the different loan options you have, work with you to get qualifed for the loan you are seeking, and insure you get the best interest rate for your purchase. Remember those key words “insure YOU get the best interest rate for your purchase.” Lenders/institutions offer varying rates, this is important to remember.
As a prospective buyer it is to your benefit to speak with your lender early on in your real estate search. That lender will lay out the numbers, downpayment amount necessary (if needed) and give you exact figures of what you are looking at financially.
Our market is seeing fanstastic interest rates right now, be sure to take advantage of them!