By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.
It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it's the interest rates or the down payments that vary.
Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the dream home requires it.
Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:
What type of market are you in? Are the interest rates falling or rising?
Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?
The Kevin Crozier Team has great staff, and Natasha was fabulous! Jake (June 2019)
Amanda and the Team did a great job at keeping all things moving, even when we were out of town.Erin and John (June 2019)
Amanda represented us really well. It felt good to have her on our side.Katie (May 2019)
Amanda and Natasha are amazing and get the job done! They are efficient, wonderful professionals and great communicators. We didn't think being homeowners could be in our near future but they changed that in such an amazing way.Jacob & Carleigh (March 2019)
Kevin and his team did an excellent job of helping us sell our home. After having a couple of contracts fall through due to inspections, they continued to work hard until we had a good offer and a contract that went through to Closing. Yeah!! I would recommend them highly. They will work hard for you.Roxanne (January 2019)