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Comparing Your Home Loan Options

By Kimberly Shane

Comparing Your Home Loan Options

You know how when you’re shopping for that perfect white sweater that you will look at all your favorite stores and compare prices to make sure you are getting the most for your money? No, you’re not familiar with that? Well what about when you are shopping for a car? Wouldn’t you look at all the available options before you settle on one just to ensure you are getting one that makes the most financial sense? When it comes to buying a home, one of the biggest purchases of your life—if not the biggest, wouldn’t it make sense not to just shop around for a home but also choosing a loan that makes the most sense for you and your circumstances?

Comparing home loan options.jpgYou see, this is something that I didn’t realize as a first-time buyer. I thought, when it came to financing your home that you got a home loan. That’s it, not an FHA loan or a VA loan; I figured we (homeowners) were all walking around with the same set up—a down payment and future payments based on our credit score. But oh, let me tell you, there are all sorts of home loan options available, especially through Stockton Mortgage! The more you know up front about what is out there the more you know what you can or possibly, with a little extra push, could qualify for. If you were to apply for a loan right now, our loan officers would let you know what you currently qualify for—after all that’s their job. But maybe you could pay down some debt or save up a bit more to reach a 3% down payment; perhaps if you did then you would be able to qualify for multiple loan products! Have I made a good case for why you should know your options? I certainly hope so! 

I could go into the different products that are available to you with all the technical requirements. But why make you read through all of that when we have loan officers who would love to help you make sense of all that jargon and the various figures? That being said, if you have ever dreamt of being a homeowner but haven’t looked into the loans available to you… stop doing that. Don’t be a bump on a log, reach out to us and see what is available. Maybe you have a home but are in different financial circumstances now and would like to see what other loan products you could qualify for now; it’s a great time to consider your options! 

Check us out at www.smcapproved.com and find a loan officer that is near you; you can work with one remotely of course but it’s kind of fun to run into them at your local Kroger! If you can’t decide on who to work with give us a call at our main number and we will put you in touch with someone!

 

Tags: Finances, First Time Home Buyers, Home Buyer, Home Building, Buying, homebuying, home buying, homebuyer, House Buying