As simple as 1, 2, 3. Plus a 4.
We said we could make it simple. Here, we break homebuying down into four basic steps. It’s a little like learning the Cha-Cha.
Plop, plop. Fizz, fizz.
Where do you want to live? What are your must haves? How’s your credit score? What’s the capitol of Montana? It’s Helena, and we only threw it in there to calm you down. Don’t stress. It’s bad for the digestion. We can help you with tons of this stuff.
Purchasing a home
Frequently asked questions
- My dad said I shouldn’t buy until I have 20% to put down. Are you telling me not to listen to my father?Kind of? Look, your dad sounds like a solid guy and an excellent source of advice. We don’t know his track record but in general we’re in favor of listening to dads. However, your father is being pretty old school on this. Here’s the truth. Home ownership is the best opportunity most people have to...
Debunking loan types
You should always choose the lender with the lowest rate.
Always is a strong word. We like low rates. But we LOVE consistent rates. The lowest rate in town might be an awesome opportunity. It might also have quite a few hidden fees. So ALWAYS do your homework.
You’ll know when you click.
The average home buyer looks at 10 houses over 10 weeks. Of course, that’s not counting all the ones you see online. Use the internet to view as many homes as possible, narrow your candidates and do your research before you go.
Purchasing a home
Frequently asked questions
- Pre-approval letters. How do I show them I’m not messing around?A pre-approval letter is a great way for your real estate agent to make your offer stand out to potential sellers. It’s a downloadable document stating an exact loan amount you can borrow, assuming certain conditions are met later such as a satisfactory financial review, title report and appraisal. It lets sellers know you’re serious...
Debunking loan types
You don’t need a real estate agent.
You don’t need a dentist to pull a tooth either. But who’s going to ask you to open wider, please? A realtor is your advocate, local market expert and negotiating ninja all wrapped up into one. We recommend using a realtor and never doing your own dentistry.
Does it come in my size?
We have a range of loan types that offer different advantages to different buyers. Whether it’s your first time buying or you’re searching for the perfect vacation home, we work to find the right loan for you. It just takes a few simple questions.
Loan Types
Frequently asked questions
- Loan TypesHome loans aren’t one size fits all. There are lots of different types of buyers and buying scenarios so there are different types of loans to meet their needs. FHA is NBD. An FHA loan is a government-insured loan that offers a lower down payment option. For first time homebuyers without access to a...
Debunking loan types
Adjustable-rate mortgages (ARM) are always a bad idea.
There’s that pesky word always again. Under the right circumstances, an adjustable-rate mortgage is a great loan option. For example, if you only plan to be in your home a few years an ARM could save you big time on interest.
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A lot of people get really stressed-out about closing. Those people aren’t closing with us. Our process is all about simple. And it’s a lot simpler to handle all the details long before you sign a single closing document.
Locking a Loan
Frequently asked questions
- Can you hold onto this for me?No problem. After you lock in a loan, we’ll hold your rate for you while we work together through the loan process. This gives you time to complete your application with peace of mind, knowing that your rate and monthly payment won’t change due to any changes in market conditions.
Debunking loan types
You don’t need a real estate agent.
Buying a home is a life sentence.
A life sentence of awesomeness, maybe. Not to mention financial freedom and consistent year after year increases in value. But you’re not handcuffed to it. You can sell anytime. Or,make it a rental property that earns you extra money every month.