If you buy a home in Grand Junction it is not likely to be a “cash sale”. You are probably like most of the world’s homebuyers and you will have to get a mortgage. Of course, as in is the case with almost anything in the world, not all mortgages are alike. This means that, even before you start to look for a home, you want to understand the entire mortgage issue.
It begins when you identify what is going to matter the most to you where the mortgage is concerned. While the mortgage itself won’t make it hard to buy a home in Grand Junction (as long as you qualify), it does mean you will have to make plans and set goals. It begins with choosing what matters the most in a lender.
For example, are you mostly concerned with the interest rate? Maybe it is the monthly payment that has you worried? Are you thinking about the rating of your lenders? These are all valid concerns, and only you can understand which is the most significant to you.
So, once you know this, begin contacting the various lenders in your area or available to you. A good real estate professional can give you some guidance here, but it is mostly going to be your job to get this part of the process done.
Here is where you can also determine the right lender for your needs by gauging their behaviors toward you. Give at least three different lenders a call, let them know that you want to buy a home in Grand Junction, and then engage in a dialogue about the process, the loans available, etc.
How did they respond? If they were rude, abrupt, and disinterested you can be sure that they will continue to be over the life of any loan, however, if they are patient and friendly it is likely that you’ve found a good lender!
Zillow. Choosing a Mortgage Lender. Zillow. 2013. http://www.zillow.com/home-buying-guide/choose-a-lender/