-
Get
Help With the Paperwork - The
paperwork required to complete the purchase or refinancing of a home can
be quite intimidating and frustrating to a homebuyer. Let Landmark
Mortgage
help. Our expertise will help alleviate stress and will help get your
loan approved quicker.
-
Explore
Your Options
- Make
sure you review at least 3 different loan programs before selecting
one. We
have many different loan
programs to choose
from. It is important that you
select a program that best suits
your specific economic situation, and addresses your needs and goals
for the future. After all, it's
your money.
-
Stay
in Touch and Demand Good Service
- Understand
the
loan process from
start to finish. It is
critical that you receive
verbal and written status reports throughout your loan process. You want to get your
loan approved and move into your home as soon as possible.
Landmark
Mortgage
will provide you with
the outstanding service
that it takes to avoid delays or extra costs.
-
Understand
the Positives and Negatives of Your
Loan Program
- Make sure you
have
all the details of your
loan program before signing. If
it
has a variable
rate, what is the maximum
it can go up every year?
What
is the maximum lifetime rate?
Can it be converted into a
fixed loan?
Ask questions.
-
Don't
Give Up -
If
a lender rejects
your loan
request, don't
give up. This is not a
final answer.
Landmark
Mortgage
will
resubmit your
application with additional
or clarified information, or
we'll go to a higher
authority. Many times, this is
all that is needed to get your loan approved.
-
Lock
in Your Rate
- Waiting
for a better rate can
be costly.
The odds of hitting the bottom of the market are very unlikely.
Trying to time it
right might cause
you to miss out on the
opportunity to purchase a fine property.
You are almost always better off negotiating the best rate and
terms at the time you find a property.
If interest rates go down
later, you can refinance.
This is better than the alternative of losing the house of your
dreams.
-
Be
Honest
- The
more information you provide us
with, the easier it will be
to get your
loan approved.
If there is a problem, and we
are aware of it, we
can present it in the most favorable light.
This will help your loan get the highest approval rating.
-
Get
Pre-Qualified or Pre-Approved
- Don't
waste time looking at
houses
that you
can't qualify for. This
will only lead to stress and frustration.
We
may be able to configure
your loan portfolio to allow you
to borrow
more than you thought
possible. Being pre-qualified
or pre-approved also makes
the seller more negotiable when you are ready, willing and able!
