Mortgage Information

If you're like most home buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.  But, be careful.  It is always best to get a referral from someone you trust.

 

Do you know the differences between a Conventional, FHA or VA loan?  Do you know if you qualify for special financing, like "First-time Home Buyer Loan Pograms", State Bond money, etc...?  Do you understand what PMI is and what it is for, and whether or not it is required?

 

Send me your questions or comments to: John@JohnMcClintock.com. 

 

I would be happy to help educate you so that you know what you are getting into, and what all this mortgage stuff means.

 

What questions should you ask?  How about...  What does it mean to get Pre-Approved for a mortgage?  What is the difference between a Pre-Approval and a Pre-Qualification?  How important is a Pre-Approval?  What does my credit report say, and why is it so important?  How much money do I have to put down?  How long does it take to get a mortgage commitment?  What is a piggy-back loan?

 

If you would like, I would be happy to refer you to some very good, trustworthy local mortgage loan officers in Bucks County, or to help you in any other way I can to secure the best possible rate and loan terms for your home purchase.

 

Get Pre-Approved and more (click below): 

 

http://kentallen.tridentmortgage.com

 

 

Use the mortgage calculators below to assist you in making some decisions around financing your new home.

Mortgage Qualification Calculator

This calculator will help you determine how much money you qualify to borrow. The results are informal. Later, you will be subject to a credit approval from your financial institution taking into consideration your credit, existing debt load, amount of down payment, income and other variables.

Mortgage Payment Calculator & Amortization Table

This calculator will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.