How To Apply for a Home Loan

Is your family growing? Are you tired of renting and would like to own your home? Now would be a great time to buy! Once you find that perfect new house, next comes applying for a home loan so you can officially purchase it. To do that, there are a few things you will need first.

1.) Check your credit score. In order to apply for a loan, your credit will be checked to ensure that you are reliable about paying your dues. Importantly, having a good credit score can actually help you save money sometimes if you qualify for a lower interest rate and a lower monthly payment.

2.) Know exactly what you can afford. Make sure the house that you are aiming to buy is truly within your budget. Aiming too high can put stress on you and your wallet, even if you qualify for the loan. Your debt-to-income ratio will be taken into consideration.

3.) Pick the right mortgage. We can help you decide between a Fixed Rate or an Adjustable Rate, and whether you want it to be short term or long term.

4.) Call Crosscountry Mortgage today and we can help you get started on your loan application. We aim to suit your specific needs so that you are happy with your loan and you can afford it.  (877) 828-8851

Posted in: credit score,home loan,mortgage applications