How to Shop for a Home Loan

This economy has created a real buyers’ market for any potential homeowner that has decent credit and a stable income.  So what are the “rules of engagement” when seeking a home mortgage?  For starters, you’ll want a good interest rate.  This particular time in history interest rates are extremely low, but your ability to get a low rate will also be dependent on how good your credit is.  Another thing that has gone the way of history books is the no down payment loan.  You absolutely will have to have a down payment these days in order to purchase a home.  Finally, you may want to consider purchasing points in order to whittle that interest rate down even farther.

This entry was posted on Friday, June 21st, 2013 at 6:39 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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