The type of mortgage that is right for you depends on many factors. Your
current financial situation and credit history, expected change in circumstances
or family size, and length of time you plan to stay in the home you wish
to purchase are all variables in your final decision.
The best way to sort through the options is to talk with a mortgage loan
officer. Call your bank or mortgage company to set up an appointment for
a loan pre-qualification or pre-approval. A pre-qualification is an estimate
of the amount of mortgage you are likely to qualify for. It is not binding
on the financial institution. A pre-approval is an actual loan commitment
prior to a signed purchase agreement on a specific property. Talk with Christina
and she can guide you to several great mortgage brokers and lenders who
have helped her many clients in the past.
Below is a list of items you will need to have at your fingertips when contacting
a mortgage broker or lender:
