How to Get a Mortgage

86% of all buyers financed their home purchase. They financed a median of 90% of their purchase.

While the process of getting a home mortgage may seem intimidating to many buyers, 60% of recent buyers though tthe application and approval process wasn't difficult or found it easier than expected. It's natural to feel anxious about the mortgage process; after all, most buyers go through the process only a few times in their lives. However, the more prepared you are, the more at ease you'll feel.

REVIEW YOUR CREDIT REPORTS - a solid credit history is essential to securing a home loan and qualifying for a lowe rinterest rate. 

IMPROVE YOUR CREDIT - when you apply for a mortgage, lenders look at your debt-to-income ratio (DTI), which is yoru total monthly debt payment divided by your monthly income. Keep this number below 45% by decuding the amount of debt you have.

GATHER YOUR PAPERWORK - you'll need to submit several documents with your application. These documents provide a comprehensive view of your financial history. 

LEARN MORE ABOUT YOUR FINANCING OPTIONS - What type of loan is right for you? From conventional loans to FHA loans, there is financing available for buyers who qualify.

GET PRE-APPROVED! Many homebuyers make the mistake of not getting pre-approved for a mortgage until they find the home they want to buy. Getting pre-approved gives you an idea of how much house you can afford before beginning your home search, and will save you from disappointment.

-information taken from Buffini & Company Monthly Newsletter

If you're itching to buy a new home this year and have any questions - please don't hesitate to reach out.