It makes more sense to buy a home now and trade up in the future. In choosing a home, you must consider location, size of the house, and length of stay. Determining the optimal size of the house requires a projection of future needs. All of these factors must be evaluated in choosing a home on which to bid. Arranging Fina ncing Prospective homeowners have a much better chance of arranging for a favorable mortgage if they have a good credit history and a sound relationship with a bank.
Many lenders are willing to bend some of the rules mentioned earlier for a good customer.
However, it is always smart to shop around. Mortgage terms, interest rates, and fees will vary between lenders and you may be able to negotiate concessions on certain items. For instance, it is not uncommon for lenders to cover the cost of an appraisal or title examination for a good customer. One of the best places to start is the Internet. With a couple of keystrokes, you can check the rates of two dozen lenders in your local area.