![]() ![]() Becoming prequalified for a home loan positions you to make a smart decision over an emotional one.īuying a home is a daunting decision. It’s not nearly as much fun as looking at houses. Homeowners are often afraid to become prequalified for a loan. In some areas, the amount you pay for taxes and insurance escrow can almost double your mortgage payment. It’s important to check out the costs of property insurance, taxes, homeowners association, and maintenance dues in your desired neighborhood. Of course, your mortgage won’t be your only financial responsibility. Here are a few sources where you can get a glimpse of your credit score. While there are no strategies to immediately improve your credit score, you are able to correct it by identifying its shortfalls, all in time to make a meaningful impact on your home purchase. Having the best credit score possible is advantageous when purchasing your home loan. Just enter in how much you can comfortably afford each month for a mortgage payment to get a glimpse of what your monthly payments would be if you bought today. You can do this using our mortgage calculator. You may also get in touch with us as we have plenty of mortgage bankers that are willing to help.Īfter you get an idea of housing costs in your desired area, it’s really important to determine how much you can actually afford. You can do a quick search of actual multiple listings service (MLS) in your area on a number of websites including the National Association of Realtors. Your first task is to look around at the kind of houses available in the neighborhood you’re interested in. Where do you start? What’s the process like? Am I really ready to do and own this thing? Here are 5 quick points that will help you through the process of making the biggest single investment of your life. The thought of writing another check that’s not going towards your financial future is too much. His knowledge and commitment to customer service have earned James numerous awards, including Top Net Promoter Score and Top Producer.ĥ Things to Consider When You’re a First-Time Homebuyer.In his spare time, James enjoys listening to live music, boating, watching baseball, traveling, and running.His wife and daughters are the lights of his life and his success is driven by his love for his family. While James is passionate about his job and strives to help every client obtain their dream of homeownership, his number one priority is his family.Married for more than 30 years, James and his wife have two successful daughters – one a Longhorn and the other a Bobcat, which makes for quite an interesting football season!.A University of Texas at Austin graduate with a Business degree in Finance and Real Estate, James is known by his clients and colleagues as determined, trustworthy, caring, and dependable. He is a founding partner and one of the original mortgage bankers for Sente Mortgage, and has worked tirelessly to help bring home ownership within reach for Central Texas families. Then we discuss the advantages of various mortgage programs, and work to identify the mortgage product that is best tailored to the client’s short- and long-term needs.”Ī 34-year veteran of the mortgage industry, James Racanelli has been a mortgage banker for more than 20 years. “When I work with my clients, I first listen to their concerns and goals and ask a lot of questions. ![]()
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