Mortgages Explained Before buying your home, make sure your finances are in order at least 6 months before purchasing. Get your credit report to so you can fix any errors. Pay off loans and credit cards since lenders will check your income, debts, down payment, and credit score. Next, get a pre-approval for your mortgage to know what your budget is so you can make an immediate offer when buying your home. Pre-approvals are valid for 90 to 120 days, then you can determine what your down payment is. The more your initial deposit is, the less your monthly mortgage payment will be.
Role of a Mortgage Broker / Agent Mortgage brokers do research to find you the best interest rate and terms for you on a property. They are knowledgeable about lending institutions, rates, and terms that are ever changing.
Need a mortgage agent? I can direct you to some of the best mortgage agents in the area.