new home loan

August 31, 2018

Take Note of these Items If You are Getting a New Home Purchase Loan, Thousand Oaks, CA

Planning to apply for a new home purchase loan, Thousand Oaks, CA? You may find the process daunting most especially if it is your first time. But here’s the thing: If the right information made available to you, things should be okay. With the aim of helping to make the process a lot easier for you, we are sharing below some information that you may find useful when you get a new home purchase loan, Thousand Oaks, CA. Take the items below into consideration; they will surely help you make the most appropriate decision. Getting familiar with the monthly mortgage payments The principal – Refers to the monthly cost that directly goes towards paying back the loan. The interest – The monthly rate imposed from the cost of borrowing; it is expressed as a percentage of principal The property tax – This goes directly towards paying the property taxes as a requirement in your locality; (in California, property tax is computed using a property’s assessed value and the property tax rates based on the property’s address.) Insurance – Getting insurance provides with the needed security and protection in case of damages to your property. PMI (Private Mortgage Insurance) – The payment you need to put that goes towards your mortgage insurance in case the down payment is less than 20% Things to do when applying for a new home purchase loan program Do a diligent research prior to the application. Make an assessment on your qualifications (Mortgage brokers such as […]
September 28, 2018

Reviews are Helpful in Finding the Best Deals on New Home Loan, Orlando, FL

Many companies can easily claim that they are the best provider of new home loan, Orlando, FL. However, not all of them can really back this claim with proof of achievements. Thus, as a home buyer who is looking for the best mortgage deals in town, you should be extra careful not to get easily convinced by too-good-to-be-true promotions. One effective way to find highly qualified prospective mortgage lenders is by reading reviews – be it online or offline. This allows you to get important information straight from clients themselves or those with first-hand experience with their service. In this post, we are giving some tips on how to find good, legitimate reviews on the internet about providers of new home loan, Orlando, FL. Which websites to follow? Consider the following: Personal finance websites. Websites like NerdWallet and Zillow are some good examples that fall in this category. From time to time, they release a list of some of the best mortgage lenders in the U.S. The ranking is based on a set of criteria, which include customer satisfaction. Take time read about what they publish and watchout for their next release to get useful idea about which mortgage companies to consider for a new home loan application. Local directory websites. Another useful websites for mortgage reviews are citations or local directory websites, including Google My Business, Yelp, and Angie’s List. Like personal finance websites, they are a great source of information about mortgage lenders. These websites provide a platform […]
December 28, 2018

Some Important Terms You Should Be Familiar with When Getting a New Home Loan

So you will be shopping around for a new home? That is something that you can be ecstatic about. But before you get too excited, make sure you have done your research before getting any deal on new home loan Corpus Christi FL. Please note that a thing like this involves some serious amount of money that can affect your life in the long run, so you have to do it right; you have to get the best one available today. Speaking of prior research, it is imperative that you are familiar with important terms associated with new home loan Corpus Christi FL. Some of these terms are the following: The loan term. This pertains to either how long the loan will last if you decide to pay only the minimum required amount each month (e.g. a 30-year fixed rate mortgage) or the features of the loan that you and your lender agree upon, which is also known as the “terms and conditions”. Make sure that you and your lender are on the same page always so that everything is clear-cut. The loan amount. This is the amount specifically stated in the mortgage contract that you, the borrower, agree to pay back. Please note that the amount include other costs, so it is expected that the loan amount is different from the amount of cash given to you by the lender. Interest rates. These are impacted by a borrower’s credit score, loan term, and mortgage program as well as a […]