The truth is, buying a home and getting a mortgage is easier and faster than you might think. Here are five popular myths and the real truth about home buying.
It’s very rare that a loan goes through without a small bump in the road. That’s the reality of our business.
First timer or moving up? Aside from the fact that we’re really easy and fun to work with, here are five solid reasons for choosing a mortgage broker like Granite Mortgage Company to help finance your home.
The reality is, with today’s low interest rates, if you own a home you could be spending way more than you should be on your mortgage. So if you have other types of debt like credit cards or other loans that you are paying a higher interest rate on, you could use the savings to pay it off. In many cases you could even lower your mortgage payment AND pay off other high-interest debt.
Ever wonder why old barns are usually red in color? Red is (or, perhaps, was) a popular color for barns due not to its color shade but for its usefulness.
If someone walked up to you and told you that you could save hundreds, thousands, or tens of thousands of dollars without paying a dime you would automatically think it’s too good to be true or that there has to be a catch. Well, it’s true and there isn’t a catch.
There are three main things to consider when thinking about refinancing:
- The interest rate
- How much it costs to refinance
- How long you are plan to live in or own the property
That should be a no-brainer. A mortgage broker does your rate shopping so you don’t have to. Plus, unlike banks and credit unions, mortgages are all they do.