Visiting Lenders and Insurance Agents

If you think you’d like to buy a home, begin now to plan your finances:

Visit lenders so you can judge the differences in your mortgage payment. Be sure to get the estimate of taxes from me before you go. When you bracket the lender’s numbers (see below), you can explore various financial options to plan ahead as the rate cuts happen.

1. Monthly payment with the current interest rate

2. There is a decrease of .5% interest

3. There is a decrease of .25% interest

4. There is an increase of $100,000 in down payment

5. There is an increase of $150,000 in down payment

6. There is a decrease of .5% in interest rate and an increase of $100,000 more in down payment

7. First-time buyer? Ask if they have a program for you

Visit insurance agents for estimates using the same address and similar coverage of any property you have looked at so you can find the best rate.

When the lender has the insurance figure and the tax, they can create the monthly costs of the property, which include the Principal, Interest, Tax, and Insurance.

Now call me, and we will begin the search.

Please visit my website and read the Buyer’s blogs and bio: richardwatkins-realestate.com

Richard Watkins DRE#00897399