Mortgage Information:

No Single Aspect of the Home Buying Process is As Important as Choosing the Correct Lender.

There are few choices you make in life that can stay with you for 30 years. That is why it is so critical to make the right choice when selecting a lender.  There are almost as many programs and lending options out there as there are homes to look at. 

BEWARE; of Lenders that are not local. I have found that if you do not have a "real person" which you can reach at any time during our local business hours, you may end up regretting your choice of lenders. 

Do NOT let multiple lenders pull your credit.  Each time your credit is pulled it can lower your score a bit, and in some cases a small amount of lowering can make a difference in your interest rate. 

 

Questions to ask a Lender;

  • Do you have in-house processing?
  • Will you search more than one lending institution to find the best loan product for me?
  • Does your lender want money up front for a loan application? (All of them do not require this)
  • Once you have chosen a home, ask for a Good Faith Estimate so that you have a good idea of how much your payment will be and what the costs of getting the loan will be.

Tip:

New Home builders will tie buyer incentives to using only their own lenders, compare their offer with an outside lender to make sure you are getting the best deal.  An incentive may not add up to the additional fees and loan costs.

If you are denied a loan by a builders preferred lender you can get those same incentives and use your own lender.

If you need a Fantastic Lender referral call Laura Levit. She is a Mortgage Lender I have come to recommend to clients over and over.  Laura is motivated to find the best possible financing program tailored to each individual client.  Laura works with first time homebuyers all the way up to commercial loans.  Laura will make you feel comfortable and at ease discussing your financing options.  Below is her current Advertisement.  Tell her Rhonda Sent you!

 

·

· 95% 2nd Home - NO PROBLEM!

· Investment Properties - NO PROBLEM!

· Stated Loans for Investment Properties.

· Still Available!

· Stated loans - Still Available!

· No Credit Score. Need 100%.

· NO PROBLEM!

Call Laura Levit

Sr. Loan Officer

(281) 513-4567

Boehck Mortgage Co.

License # 52498

· Disclaimer- All products subject to change without further notice

Use the mortgage calculators below to assist you in making some decisions around financing your new home.

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.