If you are going to
require a mortgage to buy your Active Adult
Community home, you will have three basic
alternatives:
-
Your
developer/builder will offer to arrange a
mortgage and will offer incentives to you to
accept their preferred lender.
-
Your
Realtor® (including me) will offer to
arrange a mortgage through a preferred lender
and represent certain advantages (better and
faster service and attractive interest rates).
-
You can
arrange your own mortgage.
In each case, I will assist you in
analyzing and understanding
the pros and cons of each alternative.
The following links
provide extensive information and aids for
understanding home mortgages:
Basic Information -
These pages, from
Freddie Mac, provide the
essentials for understanding your mortgage
alternatives.
Mortgage Calculators - These
Freddie Mac mortgage calculators will help
you determine how much you can afford.
Mortgage
Pre-Approval - Explains why loan
pre-approval is very important to your negotiating
position.
More Resources - More mortgage calculators and
information from Freddie Mac.
Mortgage FAQs - Frequently asked questions about
mortgages. (provided by GMAC Mortgage, OWL55.com
preferred lender)
Mortgages - Extensive information on mortgages
from RealEstateABC.org.
If you have any
questions about mortgages or pre-approval,
contact me via the email or telephone numbers below.
Or use the QandA Forum
to submit questions and review previous answers.
