HOW MUCH DO I NEED ?

There is no strict formula used by all lenders to determine a home loan amount, but some of the variables are listed below:

• Amount of available cash (if any) for a down payment
• Closing costs and cash reserves required by the lender
• Your outstanding debts 
• Your credit history
• The type of mortgage you select
• Current interest rates

There are many loans available that did not even exist ten years ago.  Zero or low down payment, forty year mortgages, interest only loans, variable rate mortgages and fixed rate loans are only a few examples.  We strongly urge you to contact one of our preferred local lenders for good advice and an unbiased introduction to the interesting world of mortgage loans.  Please do not fall for the hype surrounding "special" first time buyer or "no doc" loans.  Get good information and position yourself for the best loan for you!  In the past few years, some buyers have taken bad advice and find themselves stuck with "flakey mortgages."  Talk to us, talk to a lender who is in business to serve clients, then make a wise decision.