The mortgage process is often unnecessarily confusing – especially for first time home buyers who often lack a clear understanding about mortgages and how they work. At California Mortgage Advisors Inc., we work hard to provide our clients with clear, direct answers to their questions that will help them understand their role in the mortgage process.
Free Mortgage Information Kit
To help navigate the steps you have to take to obtain a mortgage, we have create a booklet “Understanding Mortgages: A Guide for First Time Home Buyers”, which is available to you as a complimentary download.
This consumer-friendly guide will help you think through the various steps involved with planning for, applying for and ultimately closing on a mortgage. In this toolkit, we discuss a variety of important topics including:
• Your credit report and credit score and how they impact your mortgage interest rate.
• How to determine which loan type is right for you.
• The difference between pre-qualification and pre-approval.
• Common pitfalls that first time borrowers experience (and how to avoid them).
• The impact of Federal Reserve interest rates on personal mortgage rates.
• The purpose of an appraisal.
• Preparing to move.
The multi-step guide Mortgage Information Toolkit not only walks you through the application, processing, underwriting and closing processes, but also provides you with questions, worksheets and checklists to consider throughout the home buying process.
At California Mortgage Advisors Inc., we understand the mortgage process inside and out. If you have any questions regarding your rights, responsibilities or requirements as a potential buyer, please feel free to contact us. Our mortgage advisors are available to guide you through and make you feel comfortable with the mortgage process from start to finish. Call us today to learn more, 855-908-3610, or click here to contact us online.