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Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.

It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it's the interest rates or the down payments that vary.

Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the dream home requires it.

Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:

  • What type of market are you in? Are the interest rates falling or rising?
  • Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
  • What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?
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Roy Nowers 319-350-4042
Claudette Roby 319-360-0101
Diana Hansen 319-350-9654
Skogman Realty
110 Dina CT Ste A
Cedar Rapids, IA 52411
Fax: 319-364-7613
Email: robyteam@skogman.com

Testimonials

"I have been so thankful to hire such excellent Realtors that have listened to my every need. In an economy that has frustrated many of us you have stayed upbeat and positive. I have appreciated the attention to detail that you provided in our listings and the GREAT marketing materials you showed the community to make our homes widely viewed. It is obvious why you have been in the business so long. Thanks so much for all your help." Amy Garmin
"I have worked with the Roby Team for several years in the purchase and sale of multiple properties and thoroughly enjoy our business relationship. They keep me up to date on the market conditions and move quickly when we see and advantageous purchase. Their rapport with the other agents in the community allows them to negotiate offers and deliver results in a timely manner. When they market my properties they are able to give me advice in presentation as well as pricing to sell quickly. Their marketing plan is extensive and first rate. I have been pleased with their attention to detail and overall service and will continue to work with them in the future." Justin Duckett
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