Close the Deal - Securing a mortgage is the first step toward closing - and
moving day. Of course, if you're pre-qualified you are a step ahead.
Getting a Mortgage
The mortgage application process can be confusing and intimidating, especially to first time
purchasers - but today's market offers homebuyers more options than ever before.
Have Your Records Ready
Organizing your records ahead of time will help speed things along when you're completing
mortgage applications. Our mortgage documentation
checklist can help you keep track of everything you need.
Shop For a Lender
There are many types of lenders in today's mortgage market - review their loan terms to decide
which offers the best package for your needs. If you have credit problems or other difficulties,
look for a lender specializing in this type of loan. Don't forget to check out online lenders
as well.
Consider Loan Types and Terms
Today's mortgage market offers a bewildering array of financing options and loan programs
- each with different rates, points, and amortization schedules. Consider the details of each
so you can select the one that best suits your needs.
Choose the Right Loan
After considering the various mortgage programs available
it's time to make your selection. Don't forget to review all aspects of the loan, not just
the interest rate - the points, fees, and term can be just as important.
Watch Interest Rates
Keep an eye on interest rates during (and after) your mortgage search. Many lenders offer
the option of locking in the interest rate before closing - a valuable alternative if rates
are rising.
Apply for Your Loan
Carefully complete each section of the application and provide all of the documentation required
by the lender along with the loan application fee. Maintain frequent communication with your loan
representative - if you haven't heard anything within 1-2 weeks call and ask about the status
of your application. Respond promptly to any requests for additional information.
Octavio is an energetic, caring, and dedicated
sales associate who takes the time to listen to each of his clients’ unique needs.
Both buyers and sellers comment on his professionalism and integrity in today’s real
estate market. Count on Octavio when you’re ready to buy or sell a home.
www.octaviomendes.com is brought to you by
Octavio Mendes "Integrity is the key in Octavio's business carrier. He strives constantly to provide the best possible service for his clients."
for Maplewood, New Providence, Newark, Short Hills, Summit, New
Jersey real estate
