Financing Your New Home – Anna Cowie Real Estate

Financing Your New Home

Financing Your New Home


Once you’ve managed to find the right home for your needs, you’ve met your number one goal – great! But next comes the matter of actually paying for it.
Finding a property with an affordable monthly payment and flexible, enticing mortgage terms are a close second when it comes to goals you want to achieve.
Through our company, you’ll be put in touch with some of the most reputable mortgage lenders and brokers in the area, specialising in the local real estate market. We’ll ensure that those who are handling your deal are the best suited to you, your home and your budget. The Mortgage Application Whether you’re accepted for a mortgage will of course depend on the lender and your financial situation. Each broker or lender will have their own set of requirements that you must meet to be considered. However, as long as you have a reasonable deposit, a regular pay check and a great financial history, you should be good to go! Less Likely Borrowers There are some cases where getting a mortgage will be more difficult, but that doesn’t mean it’s impossible. For example, if you’re self employed, you’ll need to provide full documentation of your income, expenses and history in order to prove to the lender you’re financially stable enough to take on a mortgage. We can help you find a mortgage specially tailored to suit self employed buyers, giving you more of a chance at obtaining your dream home. Another example is buyers with bad credit. With tough guidelines to adhere to, you may worry that your application will be instantly rejected as a result of your poor credit history. Don’t give up hope just yet, we can direct you to a mortgage provider with expert knowledge in bad credit who may be able to help you obtain a home of your own. Taking Fees into Consideration You’ll also need to take fees into consideration when buying a home and ensuring your finances are in check. There are a range of fees involved when obtaining a mortgage and buying a home, in addition to various closing costs. Don’t hesitate to ask if you’re not sure what a fee is for or how much you’re going to be charged. It’s your money, you deserve to know where it’s going and why.