Welcome or Register
Back to Table of Contents

Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.

It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it's the interest rates or the down payments that vary.

Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the dream home requires it.

Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:

  • What type of market are you in? Are the interest rates falling or rising?
  • Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
  • What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?
Back to Table of Contents
agent photo
 
           
CENTURY 21 PREMIER REALTORS
254-394-6800/254-547-9991
242 Cove Terrace Shopping Ctr. 
Copperas Cove, Texas 76522
www.FortHoodRealEstate.com


 

For Sellers

Let us quickly and accurately assess your home's current value.

Free Email Updates

Register now to receive free email listing updates!

Contact US

Have a question? Want more information? Let's get in touch.

©2019 Robert Herrings, Jr. All rights reserved. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Robert Herrings, Jr. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.
 
 
 
 

CENTURY 21 Premier Realtors is Owned and Operated By a Retired Military Veteran.

ABR - Accredited Buyer RepresentativeBBB - Better Business BureauEqual Housing OpportunityMLS membershipNARPM - National Association of Residential Property ManagersQSC - Quality Service CertifiedREALTOR® certification

Add your content here!
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu