Barb & Christina's
NORTHERN
INDIANA HOMES
Start your
HOME SEARCH HERE!
Search the
Elkhart County area
Multiple Listing Service
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Know what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have. It pays to check with several lenders before you start searching for a home.
The price you can afford to pay for a home will depend on several factors, such as: gross income,the funds you have available for the down payment, closing costs and cash reserves required by the lender,your debt,your credit history,the type of mortgage you select and current interest rates.
Each buyer is unique and a mortgage professional can help you find out just what you can afford. Your income and your debts will typically play the biggest roles in determining your price range.
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HOME FINANCING
Shopping for the right loan and the right loan officer is just as important as choosing the right home. Find a lender you trust and then your challenge is to select the loan terms that are the best for your situation. To select the right loan you need to understand the basic components of a mortgage loan; the differences between fixed rate and adjustable rate mortgages and how a balloon loan might work for you; how to weigh the value of paying points to obtain lower interest rates and what to expect in closing costs and fees. To help get all this "money stuff" straightened out start by contacting one of these fine loan officers:
Financial Contacts
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Cyndi Ash Ortiz - Senior Mortgage Consultant
Hallmark Home Mortgage
A life-long Michiana area resident, Cyndi has spent 22 years working in the real estate industry, and has been with Hallmark since 2007.
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Staci Goss and Stan Yoder - Loan Officers
Interra Credit Union
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Kris Reiff - Loan Originator
First Federal Savings
Kris is an experienced loan officer at a locally owned bank which specializes in mortgages.
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Denny Davis - Mortgage Advisor
Horizon Bank
His 16 years experience in the Real Estate and Mortgage industries give Denny extensive knowledge of Conventional, FHA, VA and Construction Loans.
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From the Mortgage Library at Realtor.com
3 Steps to Getting a Mortgage – Examine your finances and shop around before you apply.
10 Mistakes You Can't Afford – What to avoid in your home finances.
Costs Associated with a Home Loan – Learn the lingo so you can talk money like the pros.
Finance Calculators – Mortgage payments, home affordability, home insurance, refinancing, and more.
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