Getting Your Best Mortgage

Tips To Save You Time And Money

The mortgage process can be time, energy, and money consuming. You may find yourself overwhelmed when applying for your home loan, even if it is not your first time. To help alleviate some of the pressure on you, use these time and money saving tips.

  • Review Your Report: Your lender will use your credit score to determine your mortgage rates, so getting it in advance and reviewing it yourself is important. You can get a free credit report once a year from Equifax, Experian, and TransUnion. Look over your report thoroughly, and dispute any errors so you can improve your score.
  • Start Saving: The more you can put towards your down payment, the more money you will save on your home over the years. A larger down payment will help reduce your interest rates, mortgage insurance premiums, and closing fees, so be aggressive about the amount you save for it.
  • Reduce Your Ratio: A lower debt-to-income ratio will also help you get the best mortgage, so now is the time to get aggressive with your credit card payments and other loan dues. The less debt you are carrying when you begin your mortgage application process, the easier it will be to get a good home loan.
  • Look At Lenders: Choosing the right mortgage lender is crucial when it comes to getting the best mortgage. Interview lenders to find one who hears your priorities and is dedicated to helping you reduce your rates.

Fortunately, you do not have to go through the process of securing your mortgage on your own. To get great guidance helping you obtain your best mortgage, contact Avis Lending. With teams in Lahaina, Hawaii and Irvine, California, we have the industry experience and dedication to service necessary to help you get the right home loan for your family. Call us today!

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