When picking a mortgage lender you are looking for experience and responsiveness. Most lenders have very similar loan programs and rates. However, an inexperienced loan officer or sloppy loan processing can cost you hundreds of dollars in fees and thousands of dollars over the life of your mortgage.
Make sure a mortgage lender that asks a lot of questions, seems sincerely interested in what you are trying to achieve and is responsive to all of your questions and requests. During the loan process, which typically takes less than 30 days, you should be in almost daily contact with your loan officer and processor (the person managing the documentation and qualification process).
Make sure a mortgage lender that asks a lot of questions, seems sincerely interested in what you are trying to achieve and is responsive to all of your questions and requests. During the loan process, which typically takes less than 30 days, you should be in almost daily contact with your loan officer and processor (the person managing the documentation and qualification process).
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Getting the perfect mortgage and home can be a long, overwhelming journey. My Perfect Mortgage will give you the tools you need to be a well-informed borrower and homebuyer. Make sure that you're willing to commit to a monthly mortgage payment and upkeep on a house. If you're ready to settle down in one spot, we can help you prepare your finances and get you on the track to homeownership.
Refinancing your home loan is a great way to lower your monthly payment. Depending on how you choose to refinance, you have the option of lowering your interest rate, changing your loan term, or even getting cashback. Refinancing your mortgage loan lowers your overall monthly payment, which helps you build equity in your house quicker.
Your situation is unique. Each loan type is not a one-size-fits-all solution. That's why you need a unique mortgage that fits just right for you. My Perfect Mortgage can help you explore your loan options and help to find the right loan for you. Whether you're looking for a new home mortgage or a home refinance loan, you have options.
An FHA loan is a federally-backed mortgage loan that is insured by the Federal Housing Association. With this loan, your down payment could be as low as 3.5% of the loan amount. Credit requirements are easier with an FHA loan and closing costs are minimal. Most lenders are FHA-approved and My Perfect Mortgage can match you with the right one.
Refinancing your current mortgage gives you financial options and the opportunity to pay other expenses. Refinancing allows you to improve your loan terms, lower your payment, and possibly pay it off quicker. There are other refinance options available if you find that an FHA streamline refinance is not for you.
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