BenchMark Mortgage, LLC
Unsure about how to go about financing a home? Our knowlegeable staff can walk you through the financing process and guide you in making all the right decisions to get the best financing available for your new home.
Financing is one of the most important considerations in buying a home. There are literally hundreds of loan products available and it is difficult to examine all options. Typically, lenders will select a loan program that they feel is best for each borrower.
Why Should I Get Pre-Approved?
We recommend that buyers begin loan processing when they begin shopping for a home. There are a number of direct benefits.
You look at homes in the right price range. You avoid the disappointment of pursuing a home that is out of reach, and you will not make an unnecessary compromise on the home you select.
Your offer on a home will have more credibility and receive more consideration from a seller. This can prove most valuable in competitive situations in which two buyers make an offer on the same house.
You are able to close more quickly which may help in securing a particular property where the seller may be under pressure to move.
You can minimize the anxiety of the unknown. Once the loan is fully approved you can eliminate the worry.
Loan approvals are normally valid for up to 90 days and can be updated by providing more current check stubs and bank statements.
Resources
Mortgage Application Information
Some useful information to check out before you begin applying for a mortgage.
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AppraisalsGet the facts about home appraisals.
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BankruptcyDealing with a bankruptcy? Find out how it affects you.
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CreditFind out how to improve your credit and how your credit affects you.
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FHA Loans Find out more about FHA Loans and the different types available to you.
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InsuranceWhat is homeowners insurance and what is PMI?
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Interest Rates More information about interest rates and what factors affect them.
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Loan Programs Learn more about the different loan programs available to you.
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RefinancingShould you refinance?
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RelocationRead these articles before you move.
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VA Loans Find out about the different VA Loans you can get.
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