How A Mortgage Broker Can Help With Your Home Buying Process

With interest rates at record lows & a bundle of Govt. incentives accessible for 1st time home buyers, the urgency to get into your first property has increased rapidly, ignited by a wave of home value appreciation.

Luckily, an independent mortgage broker in Hayward CA can offer you a competitive edge with expert tips and advice to ensure you’re as ready as possible when that moment comes when you’re going to war for your dream home. Here is how a mortgage broker can be your secret weapon this buying season:

Help you with pre-approval:

Loan pre-approval gives a provisional approval of a specific loan sum. Generally speaking, it is based on an appraisal of your individual situation, income, credit and capability to pay back the loan.

A mortgage broker will help you get pre-approval by gathering various documents relating to the transaction. Also they can help you detect any credit defaults you may have and what you can do to resolve the situation to help you clean your credit history. You will also be assisted with regards to understanding the process, including information on income, reserves, future payments, loan terms and more.

Help you conduct your research:

Whether you are a 1st time homebuyer or you have been there for quite some time, it is critical to conduct your homework, which a mortgage broker can aid you with. In preparation, you can:

●Discover what equivalent properties have been selling for
●Attend multiple open for inspections
●Have an insight of how much stock is for sale
●Narrow down the suburbs you are interested in & research the market value of your preferred property type
●Go through government websites for projects that may impact the capital growth potential

Everybody’s financial situation is different and our independent mortgage broker in Hayward CA will work to find a solution that is appropriate for you. Call All California Lending now to find out how we can help you with your dream home buying process.