Financing
The financing of your new home is a very important part of the home buying process. With today's market place, you will want to be sure you are asking the right questions, and getting the best information to help you make the right decisions for you and your family.
Our National Economy is in a constant shift back to equilibrium. With record low interest rates, Government Tax Breaks, and many tempting incentives in the real estate market, it is easy to feel overwhelmed. Whether this is your first home purchase, or you are used to the process, please take the time to learn the "pro's and con's" of your specific options under today's climate. We want to arm you with the most recent information available, which will allow you to make the best decision for your future. Some things to consider:
Some important things to consider:
- Read through the fine details of your mortgage options with your Lender. They should provide you with a Good Faith Estimate and help you understand every part of it. Don't be shy about asking questions!
- Make sure that a Builder or Lender's incentives are not "too good to be true."
For Example: Borrowing more than your home's value in order to take advantage of "specials," is often likely to cost you more money in the long run when it comes time to sell or refinance.
- Know your credit situation. You can check your credit report for free each year, but can obtain a more accurate report from your Lender. Knowing where you stand can help keep you on track with your financial goals. It is always a good idea to ensure there are no inconsistencies on your report; errors are best fixed before you apply for financing. Talk with your Capital Homes Sales Counselor to learn ways to raise your credit score, even before you are ready to purchase.
- Keep saving! The more money you have saved back for a home, the better. We can talk with your about how much you really need to have saved to qualify for the best a mortgage scenario, and how to lock in at today’s great rates.
- Find our current incentives on our News Page (link please!) to be sure you don’t miss out on some fantastic savings.
Some tools to help you:
- Mortgage Calculator tools. Although exact numbers will vary depending on your Lender, Closing Company, and when during a month you "close" your home, Mortgage Calculators can be a great tool to see the big picture. Varying from simple to comprehensive, many websites offer great free calculators:
- Federal Tax Credit for New Home Buyers AND previous homeowners. You've seen the ads a hundred times by now, but do you understand the details? Find more on our website: Click Here.
Preferred Lenders:
We have partnered with local mortgage lending offices that are able to help take the mystery out of financing a home. Every family is different; so is every mortgage. Finding a lender you know you can trust has never been more important. Contact a Capital Homes Sales Counselor today to see which Lender may best fit your needs.
First United Bank Mortgage Company
Sam Treat
Mortgage Consultant
streat@firstunitedbank.com
918.381.2592 (main)
918.294.9036 (fax)
www.fubmortgage.com
BOK
Tricia Sparks
tsparks@bokf.com
918.925.5508 (main)
918.280.3313 (fax)
Affinity Employers
F&M Mortgage
Toni Rogers
trogers@fmbanktulsa.com
918.748.7130 (main)
918.260.8664 (mobile)
