This is a guide about scoring the best deal on a home loan, explained by a real estate professional. It teaches you the secret moves to avoid getting tricked by lenders. The best part is that you’ll get the sweetest interest rates and terms.
Before you even talk to lenders, do your homework.
That means knowing your credit score and how much money you’ve been making for the past two years. Also, you should know how much cash you’ve saved up for a down payment and extra wiggle room. Don’t just pick one lender – talk to a bunch of them. Make them compete with each other to give you the best deal.
Don’t let them check your credit score until you’re sure about moving forward with them. The ultimate weapon is a 30-year fixed loan from a credit union. Once you find a lender you like, use the offers from other lenders as leverage to get a lower interest rate and lower closing costs.
Don’t be shy to negotiate – it might feel weird, but it can save you a ton of money in the long run. Getting a good loan is even more important than a sweet deal on the home. Following these tips saves you money and helps outsmart those tricky lenders.
You ought to go big on pushing for the best financing terms. It’s more like haggling for the price of that vintage jacket you’ve been eyeing. So, if you’re thinking of diving into the world of home loans, watch this video for some solid advice. It’s got you covered.
.
