Top 3 Mortgage Frequently Asked Questions

Here are the top 3 mortgage frequently asked questions and our answers to buyers  looking to purchase a home that need to learn about the mortgage process.

Q: How far in advance should I apply for a mortgage?⁣

A: Ideally, you want to start the process when you are shopping around for a new home. Doing so will tell you exactly how much you can afford, what your monthly payments will be, and what your total monthly obligations are.⁣

Q: Do I need 20% down to purchase a house?⁣

A: While putting 20% down can improve your chances of getting approved and locking in a lower rate (and monthly payment), lenders and mortgage programs will accept less than 20% so long as you buy mortgage insurance.⁣

Q: I just got a new job. Will this impact getting a mortgage?⁣

A: Most lenders like to see a two-year job history in the same field though changing jobs for a better position could be seen as favorable. If you’re a soon-to-be college grad, you may be able to get a home loan even without a two-year work history.⁣

Have more questions about buying a home? There’s nothing I love more than sitting down with buyers and walking them through the process step-by-step!  If you have more questions about the mortgage process, I have great local lenders that can answer your questions and get the loan process started!

 

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Having an agent that focuses on fiduciary vs functionary representation is a game changer in buying real estate. ~ Anne Stewart

Helping home Buyers in the following counties:  Multnomah, Washington, Clackamas, Yamhill and Marion

anne@sellingportlandhomes.com

Realtor License 200012088

Anne Stewart – Principal Broker/Oregon Licensed ABR, GRI, CRS, e-PRO
Stewart Real Estate Group

Powered by Stewart Real Estate Group at eXp Realty LLC

Buyer Focused — Buyer Results

Anne Stewart-Principal Broker, operates an elite team of real estate professionals designed to focus on Buyer Representation

Resulting in superior customer care and exemplary client services.   

Moving to Portland and need to get acclimated?  Want to see a home that checks all the boxes?  Our level of Buyer Agency and Buyer Representation is what you need in a real estate professional!  We help you navigate the home buying process step-by-step with care, attention to detail and professionalism that is not easily found in the real estate industry.

The Stewart Real Estate Group at eXp Realty LLC are a team of experts in buyer representation.  And that’s what you want!

We are here to represent your best interests in the purchase of real estate.  Relocation, Residential, new construction, Land/Lots, condos/townhomes, Move up/Move down,

Since 2001, our team has over six decades of combined experience.  Have a real estate agent whose real estate practice has PROVEN RESULTS!

  • Expert negotiators
  • Experienced real estate professionals
  • Designing unique approaches to represent you in buying property EVERY STEP OF THE WAY!