Tips For Shopping For a Loan
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Know what you can afford. Don’t start looking online for a home before you get preapproved. Just because you get preapproved for a loan it doesn’t mean that monthly payment will work for you. Look at your debts, future bills and plan.
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Get advice from trusted sources. Ask your friends who they used to get a loan. Talk to your realtor.
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Understand loans and fees. Not all loans are the same.
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Shop Around. Ask questions of your potential lender. What if I pay for appraisal and my loan doesn’t go thru, did I just lose that money? How long will it take to close? How much are closing fees for loan? Will I need money for a down payment?
I’m here to help! Carrie Summers ~Colorado Ranch & Home Realty 970-759-2540