|
|
Home Buyer Analysis
Whether this is your first home or you have purchased several others, buying a home requires careful planning. Investing in a home is one of the biggest financial decisions you will ever make for your future.
Every homebuyer has different financial circumstances and objectives. Custom tailoring your loan program is one of the most important steps toward building your financial foundation.
Some of the steps we take while analyzing your Loan Application:
Because I am helping you create the largest debt of your life, I feel it is my responsibility to help you choose the right mortgage program for your personal situation and then to help you manage that debt over time.
Things to Consider:
Think about the importance you place on each aspect of your mortgage.
- Monthly payment
- Equity position
- Interest rate/points/closing costs
Review the available mortgage products in the marketplace. We will identify the mortgage that best suits your individual needs and long term financial goals.
Ask yourself:
- How can I comfortably fit my new mortgage payments into my budget?
- What size down payment, if any, fits into my overall financial goals?
- Should I retain more cash at closing?
Other Questions to Think About
If you are putting less than 20% down, discuss the pros and cons of PMI (Private Mortgage Insurance). We have several innovative strategies to save you money that many lenders may not tell you about.
Review your credit report and address any issues that may affect your choice of mortgage program.
Analyze the tax ramifications of homeownership as it relates to your specific situation.
We can also show you how to effectively prepay your mortgage - shortening the term by several years while staying within your budget and saving thousands of dollars by managing your equity investment.
Do an assessment of the aspects of your current financial situation that may be impacted by the most important financial decision you are about to make.
- Long-term savings program (IRA and 401(k) plans)
- Liquidity in checking/savings accounts and CDs
- Monthly savings pattern
- Debt structure
We take into consideration the current interest rate environment and how you can use it to your best financial advantage.
You are invited to review these, and many more strategies with us at your earliest convenience.
R.E. Opportunity Network
3160 Crow Canyon Rd. #300
San Ramon, Ca.94583
Phone 925-330-6484
Fax 925-362-0849
