NEW CONSTRUCTION RE-SALE HOMES

A WIFE-HUSBAND TEAM OF DEDICATED BUYER'S AGENTS

Dedicated Buyer's Agents work solely for buyers, avoiding the conflicts of interest inherent in the traditional seller-oriented purchase transactions. This unique relationship of committed trust and care assures real estate buyers the best possible home buying experience.

Be Sure To Work ONLY with a Dedicated Buyer's Agent in your next Home Purchase in St Augustine, Nocatee and Ponte Vedra, and Saint Johns! Don't settle for no representation....have someone that is on Your Side!

Thursday, June 1, 2017

Follow These Tips for a Successful Home Loan Process



What should you know before getting a home loan? Anne Marie Fish is here to let you know.

Interested in researching brand new homes and neighborhoods? Find Them Here
Prefer a Re-sale Home? Search all homes for sale

We’re excited to be here today with Anne Marie Fish of Cornerstone Home Loans to discuss some common questions that buyers have prior to obtaining a loan. The first one is, “What should buyers know about credit scores and credit reports?”

The first thing you should know is that you can pull your credit score once per year on annualcreditreport.com for free. It won’t affect your score, either. This gives you the opportunity to really start the process off right by knowing what’s on your credit report and if there are any errors so you have a starting point. If a lender pulls your score after that, you will take a bit of a ding, but you will also have 30 days to shop around for the best lender with the best rate without having to have the score pulled again. 



There are even 0% down payment options available.


The next question we have for Anne Marie is, “How much do you need for a down payment?” While having 20% is ideal, not everyone has that much cash and that’s OK. That’s why there are so many other programs out there that give you the opportunity to get into a home with less money. There are even 0% down home loans available. 

Another tip Anne Marie has is to not open or close any credit cards while you’re in the mortgage process. The same goes for making large purchases. However, paying down credit card debt is favorable to your score. It’s best to keep the boat as steady as possible until your home purchase is finalized.

When you’re in the process of looking for a home and a mortgage, you have to have a really good team on your side. Have a Realtor that is working for you—same with your lender. These should be people you are comfortable with and people you can trust.

If you have any questions for Anne Marie, reach out to her here. If you have any other questions for us, you can always give us a call or send us an email. We look forward to hearing from you soon.