Finance Information
How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today:
Navigating today’s mortgage lending environment requires proper advance planning to achieve the best results. The rules of lending have evolved, creating more variables to consider during the borrowing process. Consulting with an experienced mortgage advisor early in the home buying process will save you money, reduce stress and could make the difference in whether you qualify for that perfect home.
Getting pre-approved for a mortgage is a smart financial decision for these reasons:
- You are able to negotiate a better purchase price, because the seller realizes you are a qualified and committed buyer.
- You can close the purchase transaction sooner, because the majority of your loan process is complete, which certainly helps when negotiating with a seller.
- A shorter transaction period can also mean better terms on your mortgage. The shorter the rate lock period, the better the terms.
Lenders want more financial information from borrowers these days, so it is important to understand and be prepared for the new requirements. Gathering this information for the lender before making an offer on a property will greatly reduce stress during the purchase process.
It’s also a wise decision to work with a mortgage advisor who will take the time to understand your financial position and objectives in order to recommend the appropriate type of loan for your unique circumstances. Someone who understands the financial markets and how your choices will impact your financial future.
Written by:
Bryan Wallpe
CPA and Mortgage Advisor
775 833-7111
bryan@tahoelending.com