Hudson Valley Happenings Blog : Stay in Touch with Your Lender During Your Search for a Home

Interest rates change daily and as a potential home-buyer you need to be aware that the rate quoted for a mortgage pre-qualifiation will not be the rate you may have to pay when you find "the house" two months later.  It can make the difference between being able to afford a property and being told you can not buy it because the rate has gone up.  It is vital to stay in touch with your mortgage representative during your search to insure you are looking in the right price range.

As I have said before in this blog, you need to ask questions of your lender that tell you how much the monthly payment will be on the property you are looking at.  Each property will have a different monthly payment based not only on the amount you borrow but the taxes and insurance as well as PMI you may have to pay.  You need to make your lender part of your "Real Estate Team" and stay in touch at least once a week during the search period.

You should not be making one of the most important not to mention expensive purchase of your life without a team of people who are working to get you the best.  A team of a Buyer's Agent, an involved Lender, a reliable Inspector, and an Attorney who will respond to your needs will make your experience more relaxed for you and more successful.

If you are looking for property in New York's Greater Hudson Valley (Orange, Ulster, or Sullivan Counties) please contact me.  If you are looking anywhere else I can help you find an agent who believes that you deserve the best service.

I'm Paddy Pizappi Work with Me and You'll be Happy!