Are VA Loan Appraisals Tougher?

Are VA Loan Appraisals Tougher?Your status as a military veteran gives you access to benefits that make buying a home easier. Yet your VA loan does come with a few requirements. A VA loan appraisal must be completed before a lender can approve the loan.

At first glance, these appraisals are intimidating. You may have even heard that the ones that are required by the VA are tougher than those used for conventional loans. The truth is that these appraisals are designed to be stringent, but they serve an honorable purpose.

Appraisals are meant to accomplish two important goals. First, the lender and the federal government need to be sure that the loan you take out represents the property’s fair market value. Second, the appraisal is meant to ensure that veterans have a safe and comfortable place to live.

Remembering that the appraisal process is meant to help you select a home that is a wise investment is the best way to get through this phase of buying a house. You can also do things that make the process easier. For instance, choosing a house that is in good repair makes it less likely that the appraiser will find something wrong.

What Are the Minimum Property Requirements?

VA Loan AppraisalThese appraisals go one step beyond the ones that are used for conventional loans by having the appraiser check to make sure that the property meets the VA’s Minimum Property Requirements.

Some of these requirements are fairly easy to meet, such as making sure that your house is designed to be a residence with adequate living space. Others may be tougher, but they are meant to make sure that your house is safe and structurally sound. For instance, basements must be dry and properly vented.

What If the Minimum Property Requirements are Not Met?

If the requirements are not met, then you have the option of fixing them. You can also ask the seller to cover the cost of any repairs. For example, the seller may decide that fixing a bad roof is worth doing since most buyers will request it. Once you correct the issues, you can then have the house reinspected to get your loan approved.

What If the Home Is Appraised With a Lower Value?

There are times when a home’s value comes back low. When this happens, you have several options besides just walking away. You can work with your real estate agent to request that the seller lower their asking price for the property. While they may not always agree to do so, this is often the fastest and easiest way to move forward with the sale.

VA Loan Appraisal InformationIf you are determined to buy the property, you can also put up your own cash to make up the difference between the asking price and the amount you can get approved for the loan.

If you feel the appraisal was faulty, then you may also be able to seek a Reconsideration of Value. The VA is aware that an appraisal may sometimes be incorrect, and a loan specialist can help you work through the process of having it reviewed.

The appraisal process may leave you feeling anxious about your home purchase, but they tend to go fast. We can also work with you each step of the way to make sure that you know your options if the appraisal reveals that you need to take further action.

Jimmy Vercellino is an experienced Phoenix mortgage lender. He and his team work hard to provide a timely, efficient and excellent home loan process for buyers. As a loan specialist, Jimmy manages the entire process for his clients, making the home buying experience a pleasure instead of filled with stress.


Hidden Costs When Buying a House

Hidden Costs When Buying a HouseYou’ve carefully planned your budget to buy a house. You may have checked out the prices for homes in your preferred neighborhood. While this is a great start, you also want to avoid being surprised by these often unexpected costs that are involved with many home purchases.

Home Inspections and Appraisals

Many lenders require you to get your home inspected before you sign the final papers. This inspection checks for major issues that impact the value of the home. For instance, a house with faulty electrical wiring poses a fire risk. A home appraisal also lets the lender know that the home is actually worth the selling price.

Closing Costs

These expenses often seem to be the most mysterious for first-time homebuyers. This is because they can vary according to the circumstances surrounding the home purchase. In most cases, you can expect to pay lender and title or attorney fees. You may also need to cover the cost of the interest that accrues between the time of closing and the beginning of the next month.

On average, you can expect to pay about two to three percent of your home’s value in closing costs, and even the small fees for notaries and other necessities add up. There are usually several options to cover these expenses. Some of these fees can be worked into seller concessions. Others may be rolled into your total loan. We can help you figure out which strategy for covering these costs is best for you.

Escrow

Hidden Costs When Buying a HouseThis expense can be lumped in with your closing costs, but it is worth exploring in greater detail. An escrow account contains a portion of the property taxes and insurance that is expected to be due for your house over a period of time. Lenders tend to require you to pay anywhere from three months to a full year of these expected payments.

An escrow account benefits you by using a portion of your mortgage payments to cover the insurance and taxes. Certain types of loans, such as an FHA loan, typically require you to have an escrow account.

Property Taxes

Property taxes are easy to overlook, since they tend to get added to your mortgage payments as part of the escrow account. However, you need to think about this expense if you are not setting up an escrow fund. You will also need to think about any potential increases that could occur with the valuation of your property over the next year or two. In some cases, supplemental taxes can be assessed that you need to cover after your home purchase.

Private Mortgage Insurance

Hidden Costs When Buying a HouseLenders require you to pay private mortgage insurance (PMI) whenever you don’t have enough of a down payment to give you at least 20% equity in your home. You may be eligible for a loan that allows you to put less money down while still avoiding PMI. You can also drop this insurance once you achieve enough equity in your home to satisfy the lender’s requirements.

There are many factors that influence the potential additional fees that you face when you buy a house. In some cases, we can help you overcome extra expenses through seller concessions and special types of loans. Remember to explore all of your options for offsetting hidden costs, so that you can maximize the home you can buy with your budget.

Jimmy Vercellino is an experienced Phoenix mortgage lender. He and his team work hard to provide a timely, efficient and excellent home loan process for buyers. As a loan specialist, Jimmy manages the entire process for his clients, making the home buying experience a pleasure instead of filled with stress.

The Vercellino team operates a boutique-style mortgage branch with a specific culture centered around “serving families”. He is able to originate loans in 46 states and his bank maintains a full line of conventional, government (FHA and VA) and jumbo loan products. He has received several loan production awards including National Top 1% Mortgage Broker Award.


How Does a Balloon Mortgage Work?

How Does a Balloon Mortgage Work?

Balloon mortgages used to be one of the primary loan types used by people buying a home.

Although the practice of issuing these types of mortgages has recently become less popular, there are times when one could work to your advantage.

What Is a Balloon Mortgage?

A balloon mortgage is written to cover a shorter period of time than a typical home loan. In most cases, this ranges from 5 – 7 years.

During this time, you make payments on the loan. However, the payments are lower than those for a traditional loan. The terms of your balloon loan may have you paying only the interest on the loan.

This type of mortgage allows you to keep your payments low, but with the understanding that you will have one large payment at the end.

The opportunity to pay the remaining principal balance all at once can have benefits for people in certain situations. But it’s important to understand the potential challenges that can occur if you are unprepared for the end of your loan term.

What are the Pros and Cons?

The most obvious benefit of this type of loan is being able to keep your payments low. This arrangement is ideal when you know that you won’t be staying in the house for many years. People who move often for work sometimes use this balloon loans.

Buyers who are planning to fix up a house and resell it often prefer a balloon mortgage. Buyers may also benefit from this type of loan during a time when the interest rates are very high. By keeping the term short, they may be able to refinance for a lower rate at the end of the term.

The biggest drawback to a balloon mortgage is that it is risky if you are unsure about being able to make the final large payment. This often happens if your financial circumstances change, such as losing a high paying job.

You may also find it hard to make the payment if the home loses value, or if it does not sell fast enough to coincide with the end of the loan term. If interest rates continue to rise during the terms of your loan, then you may also be unable to secure lower rates when you try to refinance.

Can You Reset a Balloon Loan?

As with any type of loan, there are special circumstances that can apply. When you set up your loan, you may be able to establish that it can be reset at the end of its term. This will allow you to change to a better interest rate, or new amortization schedule, to continue to pay down the loan without having to make the final large payment.

What If You Can’t Make the Balloon Payment?

How Does a Balloon Mortgage Work?

Smart financial planning means understanding every possible outcome. If you cannot make the balloon payment, you could be forced to default on the loan. You may also be tasked with the decision of selling your home when you were not planning to do so.

The majority of those who cannot make their balloon payment either sell their property or decide to refinance the loan. In either situation, you could still come out ahead if your home has increased in value, or if interest rates have gone down. Mortgage loan options are designed to help both borrowers and lenders work out agreements that benefit everyone.

A balloon mortgage is one option you have to obtain a loan to fit your specific situation and needs. This type of loan should never be entered into lightly. Professional advice should be sought before making a decision.

Our loan specialists are ready to help you understand your best option for purchasing your new home. This includes reviewing your situation regarding a balloon mortgage.


Using Your Equity to Increase Your Home’s Value

Using Your Equity to Increase Your Home's ValueOwning a home has many advantages. One of the biggest ones is being able to accumulate equity with every payment that you make.

Your home equity is simply the amount of money that you have personally invested in your home, beyond what you owe to the lender. At first glance, this money may seem inaccessible while you still own your house. However, you can access it using home equity loans, which help pay for projects that add value to your property.

How Do I Determine My Home’s Equity?

The first thing that you need to know is your property’s full value. In some cases, a professional home appraisal must be done before a lender will approve you.

By subtracting the amount of money that you still owe on the mortgage loan from your home’s total value, you will arrive at the amount of equity you have.

For example, let’s say your home is appraised at $200,000 and your mortgage amount is $150,000.

$200,000 less $150,000 = $50,000 equity in your home

Lenders tend to take this one step further by figuring out your loan to value ratio. This is done by dividing the amount you owe on the home by the current value. This percentage amount is then compared to their standards for issuing loans.

$150,000 divided by $200,000 = 75% loan to value ratio

In most cases, a second mortgage combined with the first home loan should not total more than 75-80% of the overall value of your home. This minimizes the risk to the lender and helps to ensure that you can afford to pay back the loan if you were to default.

Let’s say your lender allows 80% loan to value ratio.

$200,000 x .80 = $160,000 maximum amount allowed

$160,000 less $150,000 current loan amount = $10,000

In this case, you can borrow $10,000 against your equity.

What Is a Second Mortgage?

You may hear of a home equity loan being referred to as a second mortgage. This is because it is simply a new type of home loan that you can apply for after you have earned equity in your home.

A second mortgage uses your home equity as security that you will pay it back. The terms of these loans tend to be shorter than initial mortgages. Most are required to be paid back within 10 to 15 years.

What Is a Home Equity Line of Credit?

Refinancing a Home LoanA home equity line of credit differs slightly from a second mortgage by not being issued in one lump sum. Instead, you can draw from this line of credit, as needed, over a period of time, such as 5-10 years.

In the first stage of the loan, you will typically only make payments on the interest until it is fully funded. After the initial period is over, it then works like a traditional second mortgage, where you pay on both the interest and the principal.

The advantage of this type of loan is that you have more control over how much money is issued at once.

Using Equity to Increase a Home’s Value

Since your home equity serves as collateral for this loan, it is best to focus on projects that increase its value.

A kitchen or bathroom remodel are common options that bring you a better quality of life, while also making your home more valuable.

Exterior repairs, universal design conversions, and upgrades to home heating and cooling systems are other common reasons why people use their equity to obtain a second home loan.

When done correctly, using home equity loans to increase your home’s value can increase your equity over time. Remember that these loans should always be handled using smart choices, such as making long-term investments in your property.

Our loan specialists can also help you identify strategies to get the best rates on your loan, so that your payment is affordable and you’ll feel good about your decision.


Why Do Home Prices Fluctuate?

Why Do Home Prices Fluctuate? Home prices are constantly changing. You may have even heard about the housing market being in the buyer’s or seller’s favor over the years.

Naturally, understanding what causes a home’s price to go up helps you pick the best time to buy or sell a house.

While the size and location of a house plays a part in the price, it also helps to be aware of the other factors that influence price fluctuations.

 

How Does Supply and Demand Affects Prices?

The biggest reason behind home prices going up and down is based upon this basic economic principle. When the supply of houses goes up, you can expect the prices to go down due to a lack of competition. Locations with a low supply of houses naturally have higher prices.

In Arizona, certain neighborhoods are experiencing a high volume of interest. These areas may require you to be competitive with your bids since there may be fewer houses available to help lower the prices. This is common in urban areas with older houses that are located near popular business districts.

Some of Phoenix’s newer neighborhoods are helping to lower the cost of housing. With so many new homes being built, buyers are often able to benefit from prices starting to stabilize.

Will Home Prices Affect Mortgage Interest Rates?

Home prices do not typically affect mortgage interest rates since these are based more upon factors such as wage increases. However, lower interest rates tend to drive up prices on homes since it means that more buyers may be flooding the market.

What Other Factors Affect Price Averages?

Why Do Home Prices Fluctuate?Price fluctuations are also caused by factors such as the location and nearby amenities. People sometimes want to move to the latest new neighborhood, and this can temporarily drive the prices up. You can sometimes see this when a large corporation opens new headquarters in an area, causing a flood of employees to move in.

The cost of construction supplies and manpower can also affect home prices. Your home may cost slightly more or less depending upon the current cost for building materials. Although this tends to be a modest contributor to home price fluctuations, it can affect a substantial area during times of heavy home building activity.

Is It Smart to Buy When Prices are Climbing?

It’s always a good idea to try to buy a house when the prices are lower. However, there are times when it is still smart to jump on a home purchase even though the prices are rising. When you factor in the current rising cost of rent, a mortgage gives you stable payments that may make the slighter higher home price worth it.

Houses also tend to increase in value over time. Buying during a rising price trend can still mean that your house becomes worth more in the end than you need to spend now. Making sure to buy a house that is in good condition helps to ensure that it increases in value. You also want to get the best rates on your mortgage loan to further increase the payback that you receive on a home investment.

Waiting for home prices to hit the ultimate low may seem like a good theory, but the recent trend does not show home prices bottoming out any time soon. Instead, it is best to focus on making smart financial choices that can help offset the cost of rising home prices in the Phoenix area.


How to Come Up With a Down Payment

How to Come Up With a Down Payment Down payments on a home show lenders that you are responsible with your money. They also give lenders an added sense of security, since they are not having to issue a loan for the full value of your new home.

Being able to put a down payment on a home opens up options that help you find the perfect place to live. You may even be able to enjoy benefits such as not having to pay private mortgage insurance, if you can afford to put a large payment down on the house.

While you may understand the benefits of making a down payment, it is easy to feel overwhelmed when you think about having to save a large sum of money. Now that you are eager to buy a house, you can use these strategies to come up with the funds faster.

Determine How Much You Need to Put Down

A typical down payment is usually between 10 – 20% of the price of the home. However, paying at the higher end of these numbers provides you with the most benefits, and it allows you to stand out to more lenders.

Start by determining the average cost of a house within your desired neighborhood. Then, do the math to determine what 20% down would be for a home in your price range. You can then use this figure as a starting goal for your savings.

Explore the Different Types of Home Loans

You may be able to put a lower down payment on a house, or even avoid having to pay one completely.

There are several types of loan options that you may be eligible for that change what is expected by lenders for down payments. For instance, an FHA loan lets first-time home buyers put as little as 3.5% down on a loan.

Cut Back On Unnecessary Expenses

Most people have some fat that they can trim from their budgets. For instance, you may not really need to buy that pricey cup of coffee on the way to work when you can make a pot at home for less money. You may also have room in your cable or phone bill to trim expenses.

Keep in mind that your credit cards may be one of the biggest expenses in your budget. If possible, pay down your balances so that you have one less payment to make each month.

This not only makes your credit look better, but you can put what you used to pay toward saving for a down payment.

Check Out Your Retirement Plan

How to Come Up With a Down PaymentWhile it is usually best to leave your retirement funds untouched, you may decide that it is worth withdrawing a portion of the balance to buy your home. This may be true for you if you spend more money to rent than you would on a home mortgage payment.

Keep in mind that you may be restricted regarding how much you can take out. For instance, the IRS allows you a one-time opportunity to withdraw up to $10,000 from a traditional IRA for buying a home if you fall within their guidelines for being a first-time homeowner.

If you do choose this route, consider using the savings that you generate by no longer paying higher rent costs to replenish the fund later on.

The amount you put down on a house will vary according to several factors, such as your eligibility for government-backed homebuyer programs. Always begin with the end in mind; talk to our loan specialist about what you need to begin saving up for the house of your dreams.


5 Financial Benefits: Buying vs Renting

5 Financial Benefits of Buying Over RentingIn life, being willing to make a change is critical for enjoying greater financial success.

At times, renting has its benefits. You may rent an apartment or house for its location or the ability to split payments with roommates. Yet, there comes a point when the rent cycle may be hurting you financially.

The decision to move toward buying over renting can offer you these financial benefits over time.

Choose Upgrades That Save You Money

Rental homes and apartments typically limit the types of work that you can do on the property. For instance, you may not be able to invest in solar panels or upgrade to an energy-efficient HVAC unit.

With a home, you can plan upgrades that increase the energy-efficiency of your home so that you save on heating and cooling costs each season.

Enjoy Greater Tax Benefits of Buying Over Renting

Homeowners are potentially eligible to choose a mortgage interest deduction when they do their taxes. In most cases, the majority of homeowners are able to deduct all of their mortgage interest.

This deduction also currently applies to interest payments made on loans for both primary residences and second homes.

Since tax laws change from year to year, you will need to consult with a professional to know how much savings this will bring you. However, this deduction helps to offset the cost of any interest that you pay on your mortgage annually.

If this is your first year filing taxes after buying a home, then you may also be eligible to claim things such as closing costs for even more savings.

Skip Annual Rent Increases

Today’s housing market has created a situation where property managers often increase the rent on a property each time a lease is up for renewal. This means that you could be paying more to live in a house that is a whole year older with depreciating appliances.

Once you sign on a mortgage loan, your payments will stay mostly the same each year. Being able to watch your payments stabilize as rental rates rise means you can save more money each year as a homeowner.

Gain Equity With Each Payment

In most rental agreements, all of the money that you pay goes straight to the landlord and property management company. This means that you will never see any of it returned to you in the future.

When you make a house payment, it goes toward paying down the mortgage loan and results in equity. Equity is the market value of your home with the amount that you still owe subtracted, and represents your percentage of ownership.

Build Wealth Over Time

Buying a house requires you to commit to a large investment. This can sometimes make it seem as though renting is better.

However, being able to save money on bills and future housing costs allow you to sock money away for the future. You can also strategize your home purchase so that your new house gains in value over time so that it may be worth more than you invested in the beginning.

For the average homeowner, buying a home is the biggest investment that they will make in their life. Our loan specialists are here to help you make sure that you receive the optimum financial benefits from your decision. Breaking the rental cycle can give you better financial security while also upgrading your quality of life.


Touring Etiquette for Home Buyers

Home Touring Etiquette for Buyers

Home buyers get excited about touring potential new homes. Not only do you get the chance to find your perfect living space, but you also get to check out new design concepts that help you narrow down what you want in a home.

However, you do need to remember that this is someone else’s house, even if it is unoccupied. You may also run into situations where the homeowners are present.

Before you head out for your next house visit, be sure to brush up on these etiquette basics so that you don’t step on any toes.

#1: Be On Time

Searching for a new home sometimes means squeezing in tours after work or seeing several houses on the weekend. While life does get hectic, you need to remember that showing up late gives a bad impression to the seller and anyone else involved.

Try to plan your tours with enough time that you can arrive early. This also gives you some time to check out the overall neighborhood as you drive up.

#2: Limit the People in Your Group

Buying a house is a big decision, and it helps to have other people’s input. However, you should still limit your touring group to only you and any other people who are directly involved in the purchases.

This limits the amount of traffic coming through the home and allows you to focus on finding out the answers to your questions.

#3: Take Care Of the Flooring

Many of the houses that you tour may have brand new flooring or carpets that have just been professionally cleaned. When you arrive, look for clues as to whether or not you should remove your shoes.

For instance, some sellers place a shoe rack or disposable shoe covers nearby to make there preferences clear. If you are unsure of what to do, then follow your real estate agent’s lead. If they slip off their shoes, then you should, too.

#4: Respect the Homeowner’s Privacy

In most cases, it is generally accepted that you need to open up features of the house that will impact your daily life.

For instance, you should feel comfortable opening closets, pantries and other areas that you would not normally enter in a stranger’s house. This helps you to check the condition of these areas along with the amount of space each contains.

However, you should not open anything that the homeowner is likely taking with them or that could contain personal items. For instance, it is best to leave the medicine cabinet and dresser drawers closed.

#5: Ask Before Using the Plumbing

It is always best to handle using the restroom before you arrive for the home tour. If you find yourself in an emergency situation, asking before you go is just polite.

You may also simply want to know if all of the plumbing fixtures in the house work. Always ask the homeowner or the realtor before you flush a toilet or turn on a faucet. The water may already be turned off in an unoccupied home.

As you tour houses, remember that each one could be your future home. When in doubt, just ask if something is appropriate before you do it. This way, you can relax and fully explore the potential of the houses that you visit.


Questions to Ask Before Buying a New Home

Questions to Ask Before Buying a New Home

If you are buying a new home for the first time, you may be wondering exactly what is involved in the process of closing on a home purchase.

You can start by asking these questions, which will help you feel confident when it comes time to finalize your new home purchase.

How Much Should I Budget?

You always want to start off as a new homeowner with confidence that you can afford the payments. Start by determining how much of a mortgage you can fit into your budget.

As you do, be sure to also take into consideration other costs that come with owning a home. Are you planning to live in a community with an HOA? If so, then those fees need to be included in your budget.

You may also need to factor in the costs for remodeling if that is something that you plan to do after you move in. Repairs and home maintenance costs are an additional item to include in your financial plans.

Can I Secure a Loan?

You may have been saving for a down payment and working on your credit. However, this niggling question is often on people’s minds.

Before you start home shopping, you should seek pre-approval for a loan. This will give you the reassurance that you need before moving forward with the next step – searching for a home. Having a pre-approval in hand also shows realtors and sellers that you are serious about buying a new home today.

What Type of Loan Should I Get?

There are specialty loans available for veterans and ones designed for first-time home buyers. You can also choose from a 15-year mortgage loan or one that spans 30 years. There is also the question of whether or not you should get a fixed or variable rate loan.

Getting a loan requires multiple decisions to be made, and the best way to determine the right answer to each is to talk to one of our loan specialists. After taking a look at your financial standing and discussing your goals for the future, we can help you make the right choices.

Does the House Fit My Preferences?

As you walk through the house, get a good feel of the layout and make sure that it will fit your needs. You should also get information on the history of the house. For example, look into whether or not the house has sustained damage from events such as a fire or flood, so that you go into your purchase with a clearer picture of what you are buying.

How Do I Compete Against Other Offers?

Obviously, you want to make an offer on the house that you can afford and that will make sense to the seller. There are a few things that you can do to make yourself stand out.

Consider sending a personal note with your offer, noting a few things that you love about the house, along with your goals for the future. This simple gesture often tugs at the heartstrings of a seller and helps them picture you living in their former home.

As you go through the process of buying a new home, more questions are sure to arise. Be sure to write them down in your home buying journal, and remember to seek answers to each one before you close on your new house. We are here to answer those questions and guide you throught the home buying process.


Forecast for Arizona 2019 Mortgage Interest Rates

Forecast for Arizona 2019 Mortgage Interest RatesIt’s that time of year when we have a better idea of what the future holds for homebuyers in Arizona. The rise and fall of mortgage interest rates is always at the forefront of the decisions that we help people make.

In fact, getting the lowest interest rate possible can help you afford more on a home purchase than you thought was possible. While interest rates can fluctuate wildly depending upon factors outside of our control, we can now issue you our best forecast for the rest of the year.

Factors That Affect Mortgage Interest Rates

It often seems as though interest rates fluctuate on a whim. However, there are both external and internal factors that influence how high and low rates get in a given time period.

For instance, lenders tend to charge higher rates when more people are buying homes. The Federal Reserve Board also lowers and raises rates, depending upon the need to influence the economy.

Internal factors that affect interest rates are things that you can often control. Your credit score, along with the type of loan that you seek, have a significant impact on the rates you are offered. Putting down a higher down payment can also help you to receive a lower rate.

Recap of 2018

The forecasts for last year mostly came true. Before the year started, it was predicted that mortgage interest rates in Arizona would rise slightly and end at just above 5%. While this did happen, they also took a slight dip towards the end of the year with the market swinging in favor of buyers.

We ended the year nicely with an average interest rate that was just below 5% for the typical loan applicant.

What to Expect This Year

Right now, the average mortgage loan interest rate on a 30-year fixed rate loan is hovering at around 4.6%. It is slightly lower if you opt for a 15-year fixed rate loan, which is around 4.07%. Since the rates are expected to stabilize, this should stay true for the majority of the year.

Variances According to Location

If you are moving from a different state, you may notice that the average home loan rates differ in Arizona from where you currently live.

In past years, interest rates also varied among the different cities in Arizona. For 2019, however, they stay close to the same rate throughout the state. Therefore, you can expect to see similar rates for Phoenix as you would for another city, such as Flagstaff.

How to Get the Best Mortgage Interest Rate

Naturally, every home buyer wants to get the best mortgage interest rate possible. After all, even the difference of a single percentage adds up over the term of your loan.

In addition to buying your house while the interest prices are low, you can improve your financial standing. Making the effort to pay down your debt and make timely payments helps to increase your credit score, which is one of the ways lenders determine your rate.

You can also compare the rates offered to you by different lenders. Our team is adept at quickly getting those numbers so that you find the one that helps you save more on interest over time.

Depending upon your eligibility, we can also help you find types of loans that offer lower mortgage interest rates. For instance, a VA loan has negotiable interest rates.

With interest rates stabilizing, the time to buy your new house is now. If you were deterred by higher interest rates in the past, give it another look.

From now through the end of the year, your forecast looks better than it has in years.

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