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Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.

It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it's the interest rates or the down payments that vary.

Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the dream home requires it.

Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:

  • What type of market are you in? Are the interest rates falling or rising?
  • Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
  • What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?
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Testimonials

If you are thinking of buying or selling a home, I encourage you to entrust your needs with Donna Wisniewski! Donna has a great understanding of the market regardless of if you are looking to purchase your first home or a selling your tenth flip. Our personal experience with buying our first home was quite different than I believe most are. We found our dream home when we drove past it on our way to look at the first house we ever toured. When we asked Donna if we could take a look, she made a phone call and we were walking the property within 10 minutes. She kept us in the loop on every small detail and made sure that we were not taken advantage of by the seller throughout the buying process. Donna is very upfront when it comes to concerns she may have and makes sure that all of her clients are well taken care of. We will always be grateful that Donna helped us in all the ways that she could with purchasing our first home. Brittany & Randy Turner
Thanks for finding the perfect house for our family! We appreciate all your help and your guidance. We will certainly recommend you to our family and friends! Chrissy Heyliger
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