Home Buyer Tips: How to Find the Best Financing

real estate financing tipsWhen it comes to house hunting, most people put in the time to look at lots of options and make sure they are buying a home they really love. It’s important to do the research and make sure you’re getting the best deal possible when making a huge financial decision, and buying a home is undoubtedly one of the biggest financial decisions most people will make. So why don’t more home buyers shop around for financing?

If you’re ready to buy, make sure you are getting the best home loan possible. A┬ácouple tenths of a percentage point difference in interest rates may not seem like much now, but can cost you thousands of dollars over the life of the loan. Read on for some tips on finding the best home financing, and contact The Premier Group today to get started with your real estate search in Woodstock, Alpharetta, Marietta, and throughout north metro Atlanta!

  • Check your credit score and make sure it’s correct before seeking a lender. The higher your score, the better interest rate you’ll be eligible for–but it takes months to correct credit mistakes, so it’s important to verify that everything is in order as soon as possible.
  • Find a mortgage lender before you start your house search. You want to be ready to move on the deal when you find your dream home.
  • Word of mouth is one of the best ways to find quality professionals, and that’s true with mortgage lenders as well. Ask your real estate agent, family members, and friends for recommendations.
  • Don’t just look at the interest rate when comparing home loan quotes; it’s also important to take the rate and fees into account.

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