Found the perfect home? Terrific! Next step? Find the perfect mortgage broker to help make that home yours.
Listen… It’s a seller’s market. The best homes often have multiple offers within hours. Smart buyers give themselves an edge. They hire a mortgage broker before they start looking at homes, so they’re pre-qualified and ready to write an offer the moment they find that dream home.
Q: What are the benefits of using a mortgage broker, compared with a bank or credit union?
A: A mortgage broker works for you—not the bank. Let’s break it down… Banks, credit unions and other large institutions are open set hours. You may deal with various employees. Brokers give you our individual phone numbers. We answer your call at 2 pm Monday and at 8 pm Saturday. We are partners. When it comes to pricing and loan options, brokers shop hundreds of lenders for you. And while banks and credit unions are not legally required to disclose certain fees, brokers are. No surprises.
Q: What can I expect to pay out of pocket, including the down payment?
A: Depending on what type of loan fits your needs, expect to put at least 3 to 5 percent down. Also plan to pay for an inspection and an appraisal, as well as closing costs. For VA loans, there are no down payment requirements and the appraisal fee is built into the loan. Closing costs on all loans are based largely off the loan amount.
Q: How do I find out how much I qualify for at the moment?
A: Mortgage brokers determine how much you qualify for based on your annual income and credit score. After pulling credit, we look at various factors and help you choose the loan product that best fits your financial goals. Finally, we use what is called a "debt-to-income ratio" to determine how much home you can buy. That helps you narrow your search and find your perfect home sooner.
Website: http://www.dtsmortgageinc.com/
We know purchasing a home can sometimes be stressful and overwhelming, but it doesn’t have to be. DTS Mortgage will work closely with you and your real estate agent to get you into your new home quickly and smoothly. Let us help make your dream a reality!