Did we scare you?
We’re now in the last week of October and that means Halloween is almost here! This is a time for everything and anything spooky. We personally love to binge all of the Freeform movies during their 31 Days of Halloween. And, while we think of all the scary things this time of year, you should know that you shouldn’t be scared of your mortgage.
Much like the tall-tales based around ghosts and goblins, there are many scary stories floating around about mortgages. Just like any tall-tale, mortgages have been made out to be much more “spooky” then what they actually are.
Let’s look at three mortgage “tricks” to result in a “treat” for anyone going through the mortgage process.
Anyone who is starting the mortgage process should make sure to explore their options. We highly caution you from doing it all online, as this can result in things slipping through the cracks. You may think it brings more convenience, however mortgages take time, so ensuring you meet the right company to handle your mortgage is an important factor to consider.
With Mid America Mortgage, we’re happy to walk through the whole mortgage process with you over the phone and in-person! We make sure to work alongside you and your family through every step. You’ll always have access to your lender and will never be left thinking you missed anything.
Trick number two is an important one, it’s failing to check your credit score before starting the process. On the outside, this may seem like no big deal, but on this inside it actually can determine whether you get that loan or not. Remember to frequently check your credit score, especially before you start the mortgage process.
While credit scores are an important factor, we work with a variety of different life situations. We consider our clients like family and because of that we would never put anyone in a mortgage that wasn’t 100 percent right for them. If your credit score isn’t where it needs to be, we’ll work with you to help increase it. This way, when your credit score is in good standing we can work together to start the home mortgage process.
The last trick that we’re going to cover is something that can be a bit scary, getting a pre-approval for a loan. This is something that is integral to the home buying process. Many get confused between pre-approval and pre-qualified, but they are two different things. A pre-approval is a process that involves a mortgage lender doing a preliminary check of your credit report and other financial details to determine if you’ll be able to qualify for a mortgage.
With Mid America Mortgage, we discuss all of this at the start of the process to ensure we have an easy seamless process. We also have a mortgage blog that explains everything from the start of the process to paying off your mortgage. Follow along for many many treats!
No tricks here, all treats. Maybe, by next Halloween you’ll be in your new home handing out candy to trick-or-treaters? Wishing all a happy and safe Halloween!