Being an educated buyer is essential when purchasing your home. Take advantage of Cayon Development Group’s resources and experienced professionals for all the insight and information you need. Here are just a few tips to help you with your mortgage decisions:
- Shop for the best mortgage deal – get quotes from at least three lenders and compare not just the interest rate but closing costs and the quality of their service.
- To speed up the home buying process, get a mortgage preapproval before you start shopping.
- Compare Federal Housing Administration (FHA) mortgages to conventional loans.
- Ensure that your credit is golden – most lenders want to see a spotless credit history of at least a year on your credit report, and a score of at least 720 will get you the best rate.
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