Procuring a home loan is a serious matter. Choosing your ideal home loan can be stressful and often confusing, considering the average borrower is not a financial guru. Tim provides custom mortgage solutions based on the borrowers goals and what’s important to them about the home loan they would be obtaining. A key to an enjoyable home buying experience is having confidence. Tim’s objective is to be transparent, make you informed, and to empower you to make smart financial decisions.
First, make sure you can be responsible for this financial obligation. If you are burdened by other financial obligations, a loan may not be your best option at the current time. If you can afford the financial responsibility behind a loan, make sure you do not over stretch yourself. It’s important to understand what your budget is and how much you are willing to pay on a monthly basis rather than how much of a house you can buy. You don’t want to be house poor.
Next, become acquainted with loan phrases, and language. Nothing is worse than being confused or not following what a person is saying. If your doctor spoke in code, you’d likely be uncomfortable following his medical advice. That uncomfortable feeling is no different when speaking with a mortgage specialist. You don’t need to be an expert, but understand simple terms will make a significant difference. With a little research, you can feel comfortable discussing your loan purchase. Most importantly ask a lot of questions.
Finally, be sure to understand your home loan options. Thoroughness and honesty are key to securing any loan. Don’t agree to anything you can’t afford. Don’t agree to anything because you want a home. Our goal as a lender is not to peddle loans to anyone asking for one. Tim will do thorough research pulling together a very visual approach learning style of the different loan options available. Tim’s approach will allow you to differentiate between loan options making you informed which will lead you to making confident financial decisions.
Work with Tim Loss by scheduling a one on one appointment by clicking here. We’d be happy to help you decide on choosing the ideal home loan for you.