Getting a Mortgage in 2021

2021 is a new year, which means it’s time to find out how you can get a mortgage!
👉 Step #1 – Get referred to a Loan Officer – calling one of online services means you will get a loan officer at random whom may or may not know what they are doing. Getting referred means they have been vetted with a good experience by someone who will get the job done right for you. This is the difference of closing on time with better terms or not closing at all and losing your earnest money in some cases
👉 Step #2 -Keep in touch with your lender on current interest rates through the preapproval phase – as rates since the election, stimulus package, and recent economic events have caused rates to become very volatile rising high and dipping back down each day which could affect your payment when you lock it once your home is under contract.
👉 Step #3 -Keep your credit score in good shape. Your credit score is a huge factor in whether or not lenders will approve your mortgage application and whether you are eligible for a top rate, so make sure to not make any big purchases such as buying a car or opening up any other loans. #mortgage #mortgageloans #loans #homeloan #realtor #realestatetips #realtortips #realtorhacks #hacks #tips #lifehacks #lifetips #happycouple

Call our friendly agent at 843-584-TEAM and go over to FindHomesInCharleston.com to search homes.

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