When preparing to purchase a home it is important to begin the financing process in the initial stages of your home search.
Getting your credit in order and determining your mortgage qualifications will save you time and make you a stronger buyer once you are ready to submit an offer on a home.
In our real estate marketplace, sellers expect all that all offers will be accompanied with documentation demonstrating that the buyer can obtain financing or pay cash for the property.
For someone obtaining a mortgage, that documentation is a pre-approval letter issued by a lender.
When choosing a lender, securing the best rate is naturally a major consideration. Closing costs should be an important factor in as well.
Finding a lender who will listen to your needs and be responsive will ensure your purchase is successful. It is also important to use a lender who utilizes local real estate appraisers. An experienced lender will help you calculate all of the other costs of homeownership including property taxes, insurance, utilities and any possible association fees.
Northrup Associates works with a number of experienced lenders from both banks and mortgage companies.