It is important to understand your personal financial situation before getting a mortgage. The amount of money a banker is willing to lend you might not be how much you can afford to borrow.
Make sure to learn the loan jargon before you start mortgage-shopping. It will make everything that much easier!
When choosing the best type of fixed-rate or adjustable-rate, decide how long you want to keep the loan and how much financial risk you can accept.
A good way to get the loan you want is to craft a positive and truthful mortgage application, just as you would prepare your resume to get the job you want.
If you already own a home, refinancing could save you money! Stay up to date with the current interest rates!
If you would like more information on getting your own mortgage application started, contact Felix Katz of Quest Loans at 805-456-1201. He would be happy to answer any questions you may have.
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