All Western Mortgage | Home Mortgage Loans

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Home Mortgage Loan
All Western Mortgage
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How to Get the Best Rates for your House Mortgage
Here are some steps that you can follow, which
will allow you to secure the best interest rates
on your house mortgage
Prepare Early You will realize the importance of
maintaining a good credit score when youll apply
for a mortgage loan. Conventional lenders look
for a score of at least 700 before approving your
application and a good credit score also means
better interest rates. So, even if you need a
mortgage after 3 or 5 years, you need to start
working on your credit from today itself. Also,
save as much as you can because the more you can
pay as down payment, the better interest rates
you will get.
Shop Around Research, compile, collate and
compare interest rates offered by various
lenders. Youll get a wide range of quotes from
different lenders while researching online. So,
shop around for home mortgage loans as much as
you can before finalizing a lender.
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How to Get the Best Rates for your House Mortgage
Consider other factors Interest rate is the most
important parameter to consider while shopping
for a mortgage, but there are other factors as
well that you must consider before finalizing a
lender. For instance, check for pre-payment
penalty, closing costs, origination points,
discount points etc.
Understand PMI You are considered as a high risk
borrower if your down payment is below 20 and in
such a scenario, youll require a Private
Mortgage Insurance (PMI). The cost of PMI will be
borne by you and therefore, save up enough money
to at least make 20 down payment.
If you follow all these steps, chances are high
that youll secure a great interest rate on your
mortgage. If you are planning to buy your first
home mortgage, visit All Western Mortgages
website www.awmlending.com today and use our
free mortgage calculator. You can also request
for a free quote from us.
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4 Mistakes to Avoid While Taking Your First Home
Mortgage
Buying a home has more to it than just paying
house mortgage installments Most first time
buyers go ahead with a mortgage purchase as soon
as they feel that they are ready to make mortgage
payments. They dont consider the fact that
affording mortgage is not the same as affording a
home, which involves various other costs such as
taxes, insurance, maintenance, utilities, running
costs and a lot more.
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4 Mistakes to Avoid While Taking Your First Home
Mortgage
Looking for a home before finding a home mortgage
loan First time buyers are often afraid to get
pre-qualified as they fear rejection or getting
pre-qualified for an amount which is below their
expectations. This is one of the gravest mistakes
that you can make. So, give a call to All Western
Mortgage on 702-850-2790 and get pre-approved
first before you go looking for homes.
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4 Mistakes to Avoid While Taking Your First Home
Mortgage
Not hiring a professional realtor Some first
time buyers make the mistake of not hiring a
professional realtor, in order to cut costs,
while looking for homes. Well, needless to say,
this mistake is bound to end up in a disaster.
Depleting entire or most of their savings on down
payment Spending all or most of your savings on
down payment and closing costs is one of the most
dangerous mistakes. Homebuyers do this to meet
the 20 down payment mark so that they dont have
to pay for the mortgage insurance. But, paying
for insurance is definitely better than having no
money for a rainy day.
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All Western Mortgage  Address 8345 W Sunset Rd,
Suite 380 Las Vegas, NV  89113  Telephone 702-85
0-2790 Fax [phone] Web
www.awmlending.com Email info_at_awmlending.com