Securing a mortgage is an important step in buying the home of your dreams. Obtaining your mortgage may at first appear to be a daunting task. There are thousands of mortgage lenders across the country, each with many different loan products. From lenders that will only sell to the most creditworthy borrowers (at the best interest rates), to lenders that will lend 50% of a property's value (at high interest rates): how do you determine which is best for you?

I firmly believe that knowledge is power and, because of that, I do everything possible to see my clients empowered with the information they need to make good financial decisions. Let's begin here with some basics on the real estate financing process and your options.

An Ideal Experience:

San Luis Obispo Home Home in Templeton Paso Robles Home

• Gather information
  
  
  • I'll show you how to view recent home sale prices in areas where you're looking
  • Research schools, demographics, and statistics for your dream neighborhood
  • Save a collection of your favorite properties
  • Be the first to know when properties that match your criteria come on the market with automatic email alerts

• Determine what you can afford
  
  
  • Each buyer is unique - and I'll help you find out just what you can afford. Your income and your debts will typically play the biggest roles in determining your price range.

• Figure out your funding
  
  
  • A range of mortgage options are available, and I'll help you determine which can work for you - some loans require little money down. You'll also need to consider closing costs and the escrow account for taxes and insurance.

• Less-than-perfect credit report?
  
  
  • Don't worry, there are options that are ideal for those whose credit has a few issues. I'll work with your lender to develop an individual mortgage program based on your unique credit worthiness.

• Loan Programs
  
  I'll provide you with information on the loan programs and rates available. Finding the best loan program for your needs depends on a number of factors, including:
  
  
  • How long you'll stay in the home
  • How much money you'll put down
  • How you'll finance the closing costs

• Tax Benefits
  
  
  • You may be able to deduct the interest you pay on the mortgage loan and some of the financing costs of the property, such as points. And your property taxes could be deductible. You should consult your tax advisor for more information.

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