WHAT YOUR LENDER REALLY WANTS YOU TO KNOW

News flash: your lender isn’t just there to approve loans and take care of the paperwork (and there is a LOT of paperwork). They actually want to help you make the process smoother and stress-free. Because when you’re dealing with your life savings and a large loan, things tend to get a little stressful.

1.You have options

There are more loan options out there than you might realize. From FHA to conventional to VA loans, your lender can help you find the best fit based on your situation.

Don’t be afraid to ask questions!

2. Budget for more than just the downpayment

It’s not just about the down payment. You also need to take into account closing costs, which can range from 2-5% of your loan amount.

Not to mention inspections and moving costs, and it’s always a good idea to have a little cushion for unexpected expenses.

3. Your credit score is key

Your credit score has a huge impact on the interest rate you’ll qualify for. Even small improvements to your score can save you thousands over the life of your loan. Pay off small debts, avoid opening new credit lines, and keep those balances low.

In the end, your lender is there to guide you throughout the process and help you find the best loan for your needs. If you’re looking for a great lender or have questions about the process in general, let me know! I’d be happy to connect you with one of my trusted lending partners.