·          Get Pre-approved.

·          Don’t try to out-guess interest rates.  Rates can change several times per day or week.  Don’t convince yourself that rates will drop “one more time” or “come back” because there are no guarantees.

·          Choose the right loan program.  Each person’s needs are unique; let us help make the right fit for your situation.

·          You may be able to buy a home with 0% down and as little as $500 total...subject to program availability and credit qualifications.

·          If short on cash, ask a parent for a gift or borrow against an asset if you need money for closing.

·          Avoid mortgage insurance by structuring an 80/20, 80/15/5 or 80/10/10. 

·          Have the seller pay your closing costs.  A seller contribution to pay closing costs can keep your loan closing more affordable.  Make sure to have the Realtor write it in the purchase agreement.

·          If possible, reduce your loan to 15 or 20 years.  You will benefit from a lower interest rate and will save yourself thousands of dollars.

·          Make your loan affordable.  The more we know about your situation, the better your loan will fit your needs.