New Home Stars Realty recommends that everyone considering purchasing a new home get pre-approved for a loan by a reputable lender. With all the issues that are affecting the mortgage industry right now, it is more important than ever that you educate yourself about mortgage options and what you can afford before you start the shopping process. You can get a loan pre-approval from your local bank or credit union, or you can use New Home Stars Realty's preferred new home construction loan expert, John Downs at National City Mortgage. John heads the construction lending department at the National City office in Greenbelt. He has helped many clients find loans over the years, and maybe more importantly, he has helped many stay out of bad loans. He will be happy to review your criteria, and give you some advice on a mortgage product that is right for you.
Most new home builders will require that you use their in-house lender when you purchase one of their homes. This may not be your best deal. By getting pre-approved and educated before hand, you will be in a better position to negotiate your best deal on not only the new home, but the new mortgage as well. If you have any mortgage related questions, or would like to get the loan pre-approval process started, please go to www.NCMC.com/JohnDowns or give him a call at (301) 313-2337. He will be happy to speak with you.
