Tip #1
Did you know that making one extra mortgage payment per year can erase years off of your loan? In some cases, a 30 year loan can be decreased to about 22 years. Think of the interest you’d be saving!
Tip #2
Some lenders specialize in certain types of loans. Contact Maiden Rock Real Estate, we’d be more than happy to help point you in the right direction for your lending needs.
Tip #3
Every time your credit report is pulled it decreases your credit points. Make sure you’ve found a lender you are comfortable with before you have your credit report pulled.
Tip #4
Did you know that if you put 20% down on your loan, you are not required to pay PMI (insurance on loan) or if you have at least 22% equity in your home, you can request that the lender remove that insurance cost from your loan payment.
Tip #5
Closing costs are less at the end of the month than the beginning of the month!
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