Mortgage Information

Mortgage Information


Elizabeth Stansell

Your Mortgage... What You Do Here Matters To You!

How your Mortgage is structured Matters, as it cannot easily or economically be changed once in place.  Rate is always an important consideration but it is not the only consideration.  Not taking the other couple of variables into account can quickly spend far beyond what a great rate may have saved you. Educate yourself on what you need to know before you commit... We Can Help !

Check your credit

Get a copy of your credit report from (or a similar service). Double-check every item listed and if there are any errors or omissions, contact your credit bureau to change them. How’s your score? One way to improve your rating is to pay off any outstanding credit card debt.     Want to know more...   We Can Help !

Do the math

Now that you have an idea of how much you owe, gather up all of your information on your assets (your current home, investments, stocks, bonds, other properties) and add them up. Hint: it’s best when you own more than you owe. There are plenty of calculators online that will help you make sense of the numbers and give you a preliminary idea of the mortgage amount you qualify for.    Want to know more...   We Can Help !

Prequalify for the Right Mortgage

Meet with us to better understand your options so that you will make smarter and better decisions on what your mortgage needs to look like, how flexible it is when change is needed, what are the prepayment options and of course how competitive is the rate.  
Want to know more...   We Can Help !

Why a Mortgage Broker Over a Bank

Keeping More of Your Money
By Elizabeth Stansell   FISCO M100125

More to come

Choose a lender

A mortgage is one of the biggest financial commitments you can make, so it pays to shop around. Even if you have an excellent relationship with your bank, there’s no harm in exploring the option of obtaining financing from another company.

Many homebuyers have found financing online, whether it’s through a mortgage finding service or a bricks-and-mortar institution. You don’t have to leave your home to do it, and you can shop 24/7. The downside of doing it online is that lacks a personal touch – you may miss out on an option that you might have come across by talking to someone in person.

If you’re pressed for time, a mortgage broker can do your “shopping around” for you, and find the best rate available. Before choosing a broker, make sure he or she isn’t affiliated with a specific bank or lending institution.

Get pre-approved

Getting mortgage pre-approval is similar to pre-qualifying, but the result is an approval from a lender for a specific amount, locked into an interest rate for a period of time (normally 90 to 120 days).

So there you have it—the simple steps to get you closer to a mortgage that not only works for you but also gets you into the home of your dreams and we can help!  
Want to Make it Easy...   We Can Help !

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