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At Brennan Builders, we strive to always be accessible to our homeowners. If you have a question, fill out the form below and Connie will get back to you as soon as possible. (Yes, she is a real person.)

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What do I even ask:

  • Commonly asked questions about home building
  • Commonly asked questions about home building
  • Commonly asked questions about home building

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Common Home Mortgage Mistakes

Category: Mortgage

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Common Home Mortgage Mistakes

Many homeowners can get overwhelmed with the whole mortgage industry and become confused quickly.  Here are a few tips to remember when securing your financing.

    • Don’t wait too long to get your pre-approval.  Understanding early what you can afford makes the whole process easier.  It allows you to look within your budget so you don’t end up disappointed if you start the search too high up front.
    • Understanding your finances.  Just because a bank qualifies you for a loan does not mean that you want to go as high as you are qualified for.  Mortgage lenders only take into consideration your total income less your debt (debt-to-income ratio).  Many people like to eat out a couple times a week or take a nice vacation every year.  These are items that are not factored into a pre-approval.
    • Get the right type of loan for you.  There are many types of loans from conventional, to adjustable rate, ARM, etc.  It is important to understand your plans for the next few years in order to make the best decision possible.  Sometimes you are purchasing your forever home while yet others know they will only be in this house for a couple years. These factors play a role in selecting the right mortgage for you.  Make sure to ask your mortgage consultant and financial advisor for further details in order to make the right decision for you.

Make sure you do your research so you end up completely satisfied with your mortgage.

~the Brennans