If you are looking a purchase a home in the near future you can get free mortgage quotes online and offline. If you have an existing relationship with a bank or credit union, you can contact their customer service department or walk into a branch office and speak with a loan officer.
Once you provide some preliminary information, you will get a mortgage quote. This quote is not binding, but it is a great start when you’re shopping for a home loan.
Your credit history and income is key to getting accurate quote
To give you the most accurate mortgage quote, you must provide your credit history, current income, work history for the past two years and a list of your current assets if you want them to be considered in the analysis of your financial eligibility. You can also play around with the numbers to see how changing your down payment could impact the amount of the loan that you can get.
Try at least two lenders to get a fair picture of your status
Get a mortgage quote from at least two potential lenders. This will help you to get a more accurate picture of the maximum amount that you can receive from a lender. Once you have that settled, you can start to narrow down the types of homes and neighborhoods that you can afford.
You can search for lenders online
To get started, go to any major search engine and type in “mortgage quote” and you will get some very good results. Sort through the listings and find a site where you enter some basic information and get quotes from multiple lenders.
If you’re not sure that you want to start looking on your own, you can consult a financial planner, mortgage broker, real estate agent or any other type of Real Estate and Finance professional and they can point you in the right direction.
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Syd Johnson
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