Steps for Financing Your Stephenville Home

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Stephenville homeYou can’t buy a home without the proper financing in place. For most people, that’s going to involve a mortgage. According to Smart Money, current market rates and home prices are low and rising, making it an advantageous time to get a good mortgage rate on a reasonably priced Stephenville, Texas home.

The first step is research. There are many different types of mortgages you can get, so do some research and consult your local Stephenville real estate professional to determine which one is right for you. Do some calculations on your income versus your expenses, along with where you plan on being 15 to 30 years down the road, as that’s the duration of most mortgages. Don’t forget to include property tax and other closing costs in your calculations.

Next, you need to find a lender or broker for your loan. Don’t apply for a loan without looking around at several lenders,  and make sure to shop around for a good rate with a company that has a good track record. However, if you’re having trouble shopping around for a loan due to special circumstances, or simply because you’re too busy, hiring a mortgage broker can be beneficial. Mortgage brokers shop around with different lenders to find the loan that’s right for you. As long as they have a reasonable broker fee, it’s often worth it to find a broker for your Stephenville real estate transaction if you’re in a unique borrowing situation or always on the go.

Now, it’s time to apply for a loan. This process is easy as long as you have the proper documentation on hand. The mortgage loan application will ask about employment information and all of your assets, so have your information in order.

Financing a home can be a stressful endeavor, and we’d love to lend you a helping hand through the process. Give us a call today to see how we can help you with your Stephenville, Texas area real estate transaction.

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“Cindy Carrell is an amazing realtor! Cindy did an excellent job marketing our home & successfully helping it to sell for exactly what we wanted and in under 60 days. Cindy is professional and a pleasure to work with. She is prompt to answer questions and to help resolve those situations that arise while  selling and buying a home. Cindy also helped us find our forever home within a week of listing our house. If you are looking for a realtor Cindy is an excellent choice!”
Cindy Carrell is an amazing realtor!