Acquiring the right mortgage for your financial situation requires some familiarity with the current market. We here at All My Sons in Salt Lake City want to make sure your relocation experience is as hassle-free as possible from start to finish, so here are a couple pointers on applying for the right mortgage.
Learn Your Rights as a Borrower
Before you even begin to consider the various mortgaging options available, you should have a firm grasp of the rights you have as a borrower. In January of this year, the Consumer Financial Protection Bureau issued a great number of rules that increase your rights. However, because these are newer laws, even realtors with innocent intentions may fall behind in an area where you have guaranteed rights.
Bargain Your Way to a Better Rate
Mortgage rates continue to climb through the year, so acting quickly will be in your best interest. However, working in your favor is the competitiveness lenders now have, as they work to recoup losses from failed refinancing in the past. Pay attention closely to all details in the loan, looking beyond the interest rate. What should they offer to earn your business? Making these demands will give you an upper hand in the deal, ensuring a beneficial agreement.
Once You’ve Signed, Relocate
After locking in your bargained rate, exchanging paperwork seems easy compared to relocating all of your property! Allow us to take care of the last huge step in moving. We are the Salt Lake City movers that are not only affordable, but efficient as well.