If you are considering applying for a mortgage to purchase a new home or to refinance your present home, don't delay. Despite fluctuation in interest rates, lenders are still processing many new loan applications.
You should gather all the necessary paperwork before you apply, and submit your loan application as soon as possible. At a minimum, the information required by a lender will consist of proof of your earnings and a clear picture of your total monthly income and expenses. If you are self-employed, or have long-term obligations such as alimony or child support, the preparation time and the amount of paperwork increases.
Despite the need to move rather quickly for a mortgage in today's market, you should "make haste carefully." Shop carefully for your loan by comparing all costs and terms. With the number of lenders vying for your business, new and better deals are always appearing.
Geri Doyle and Caren DeVoe Doyle & DeVoe-Iowa Realty 736 N. 3rd Ave. E Newton, IA 50208 Geri: 641-792-5678 Fax: 641-792-5668 Caren: 641-792-5999 Toll Free: 1-866-792-5656 Geri Doyle: wesellnewton@gmail.com Caren Doyle: cdevoe@iowatelecom.net
Geri,CRS, e-Pro, and Caren, Broker Associate, SFR, know how important it is to have caring professionals to help you when you're making a move. They give you the one-to-one attention you deserve. Buying or selling a home is an important step for a family. We connect with our clients both on a professional and an emotional level. There are many decisions to be made when purchasing or selling a home. Count on us to keep you informed of the market trends and latest conditions so you can make informed decisions when the time comes.
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