Buying a home can have its difficult moments, but you can get the help you need with US Bank Home Mortgage. This bank has been providing mortgages for many years and they can help you get through this process without a lot of mistakes and problems.
Help for First-Time Home Buyers
The US Bank has a special webpage just for first-time home buyers. They have information there for just about anything you need to know about the home buying process – from start to finish. This information will help to eliminate guesswork and unnecessary surprises.
How to Get Pre-Qualified for a Mortgage
The first step toward buying a home needs to be to find out just how much of a mortgage you will be able to get. Submitting your information for pre-qualification first will help you to focus on homes that are within your price range. US Bank Home Mortgage lenders will gladly help you determine just how much you can wisely spend toward a new home, and they will also show you other things and expenses you need to consider.
Getting pre-qualified is a powerful step toward getting a mortgage for your new home, but it is not a guarantee of a mortgage. It will enable you to talk to real estate agents and sellers and be able to apply and get the mortgage within a limited time. Without it, it will probably take too long to get through the mortgage paperwork and you will probably miss any deadlines.
Determine Your Payment Beforehand
The US Bank Home Mortgage website has several calculators to enable you to determine how about much you can borrow, and another one to determine how much your monthly payments are going to be. This will give you a close idea of what you could get in the way of a mortgage.
Choose the Type of Mortgage You Want
After you make sure you understand what types of mortgages are available, you can apply for your US Bank Home Mortgage. The bank offers fixed rate mortgages, adjustable rate mortgages, government mortgages such as FHA and VA, and jumbo mortgages. The advantages of getting a government mortgage is that if you qualify, you will not need to have a down payment or have to pay for private mortgage insurance.
Making Home Affordable Program
If you are having difficulty making payments on your present mortgage, the US Bank may be able to help you with its Making Home Affordable Program. This program has two parts, the Home Affordable Refinance Program (HARP), and the Home Affordable Modification Program (HAMP). These are government programs designed to help people who are having difficulty making the payments.
Mortgages for Investors
The US Bank offers mortgages for investors, too. If you are looking to buy a property or properties for investment purposes, such as a second home, multiple unit properties, condominiums, or apartment buildings, they invite you to contact them to discuss your needs.
A US Bank Home Mortgage Loan Officer is ready to discuss your needs with you. They can provide you with information, or help you get started in applying for your new mortgage for your new property.