Making Money Personal

Securing Financing For Your New Home - Mortgage Madness Series

Listen Later

So you want to buy a home, but don’t know where to start. Join us for the first episode in our special home buying series Mortgage Madness to learn about the first step in your home buying process!

In this episode we talk with experienced Mortgage originator, Al Lima, who helps guide home buyers through their purchase. Al provides insight into the steps needed to secure the financing potential buyers need to get into the house of their dreams.

Important notes:

  • Determine how much money you will pay for a down payment. With a Triangle Credit Union adjustable rate mortgage (ARM) you can put as little as 3% down!
  • Get pre-approved! It’s the easiest way to find out how much you’ll be able to borrow and can move the purchasing process along when you are ready to purchase.
  • There are many types of mortgage options out there. The most common are fixed rate loans and adjustable rate loans. Make sure you shop the rates and terms to find the loan that’s perfect for you.
  • A 5/5 adjustable rate loan means your rate will remain the same for 5 years, then can adjust in increments of 5 years after that.
  • After your pre-approval, the next step is finding your Realtor. Our Mortgage Originators will be happy to suggest Realtors we have worked with.

    • Links:

    • Set up a free consultation with an Originator today or call (603) 889-2470 to get started!
  • Check out our current mortgage rates
  • Use our mortgage calculators to research your potential monthly payment
  • Check our events page for a list of free Homebuying Seminars
  • View the episode transcript.

    •  

    For more information visit trianglecu.org and don't forget to like us on Facebook and follow us on Twitter!

    ...more
    View all episodesView all episodes
    Download on the App Store
    Making Money PersonalBy Triangle Credit Union
    • 5
    • 5
    • 5
    • 5
    • 5

    5

    15 ratings