Buying your own house is a lot of responsibility and is always a big decision. Whether you are a first-time homeowner or you are a seasoned veteran, the process can always a lengthy one. Be sure to take your time and think critically about the details before you rush into visiting perspective properties in your house search.
One of the most important things to know beforehand is your budget. Priority number one is being aware of how much you are willing to spend before you see a house you like and find yourself in more debt than you can handle. (Your future self will thank you for sticking to your plan as you later work to pay off your home.)
It is the time to take the next step and find a lender who is easy to work with. Proud of our fast and reliable service, Kloze offers online prequalification; do not wait, contact us and see if you qualify! Call Hallandale Beach Home Loans for a free, no-obligation consultation today.
There is no need to fear the Hallandale Beach Mortgage rates
For some people, the idea of a mortgage or taking out a loan can be scary. But don’t worry; you are not alone. The national average for a home loan, according to a recent study by LendingTree is $222,261 with a $1,061 average monthly payment for a 30-year mortgage at 4 percent interest. Per an accurate study conducted by Zillow, nearly 71% of homeowners are paying a mortgage, with almost 30% owning their home free and clear – with most of those free and clear homeowners being between 60-84 years old, given all the time they have had to pay off their property.
Kloze is a licensed mortgage lender and has some of the best mortgage rates, enabling you to save money on your new housing purchase. Get an affordable mortgage today.
With the Hallandale Beach Home Loans, we not only offer the best rates, but we provide our clients with wonderful customer service and assistance through our professional staff that has extensive knowledge. There are countless benefits of using our lending services so take advantage of all our helpful resources. We avoid the “turnaround time”, underwriting and processing delays of big bank dependence. We also know how to capture financial market events that benefit you. Our automated technology platform keeps our clients updated from application to closing, and our local real estate, builder, and professional contracts facilitate decision-making.
Save money with the low Hallandale Beach Mortgage rates!
If you are still unsure what you can afford, allow Kloze lending in Fort Lauderdale, Florida to help you decide on a budget. We want you to get the best deal possible so here are a few mortgage/loan options you should consider. We can also help you choose which is best for your budget and family. We provide conforming loans, FHA loans, Hallandale Beach VA Home Loans for veterans, jumbo loans, or Hallandale Beach reverse mortgage loans. Then, we can help you with each step of the process.
Kloze explains how the Hallandale Beach Jumbo Loans work
For above-average, expensive homes, we provide jumbo loans. This is a home loan with an amount that exceeds conforming loan limits which is $453,100 in most parts of the United States but is $625,500 in the highest-cost areas (although in counties with high home prices, the conforming limit is higher — up to $679,650). The cost of a jumbo loan is higher than a standard loan, so anticipate a somewhat higher interest rate.
To qualify for a jumbo loan, you will need to meet the following criteria: minimum credit score of 680 (a lower credit score may be accepted if a larger down payment is put down), minimum down payment of 20% (sometimes this can be lower), debt to income ratio cannot exceed 43% (remember though, that some lenders will deviate from this percentage), and the applicant must have all paperwork including the proof of income, proof of liquid assets, paperwork on any other loan, and evidence of non-liquid assets. If you satisfy these requirements, the next step is to decide who your lender will be.