Repeat Buyers

If you've already been through the home financing process, you understand that a experienced mortgage broker can be one of your best allies.


As a repeat home buyer, you already know the ins and outs of the home-buying process. However, when it comes to securing a mortgage for your new home, there are a few things you should keep in mind to ensure that you get the best deal possible.


First and foremost, it's important to shop around for the best mortgage rates. That’s where Steenbeek Mortgage Team comes in!!  Don't simply settle for the first offer that comes your way. Steenbeek Mortgage Team will take the time to research and compare rates from multiple lenders FOR YOU, and present you with the best possible scenarios. You may be surprised at how much you can save by having us do the leg work for you.


Another important factor to consider is your credit score. Your credit score plays a significant role in determining the interest rate you will be offered. If your credit score has improved since your last home purchase, you may be eligible for a lower rate. On the other hand, if your credit score has taken a hit, you may need to work on improving it before applying for a mortgage. But don't worry, Steenbeek Mortgage Team can help you to incorpoprate a plan that will get your score on an upward path!


When it comes to the type of mortgage you choose, there are a few different options to consider. A fixed-rate mortgage offers a set interest rate for the life of the loan, while an adjustable-rate mortgage (ARM) may offer a lower initial rate that can increase over time. Depending on your financial situation and long-term plans, one option may be more beneficial than the other.


It's also important to have a clear understanding of the costs associated with your mortgage. In addition to the interest rate, there may be closing costs, origination fees, and other expenses involved. As your trusted local broker, I will go over a  breakdown of all costs so you can make an informed decision.


Finally, don't forget to factor in your overall financial situation when considering a mortgage. While it may be tempting to stretch your budget to purchase a larger or more expensive home, it's important to ensure that you can comfortably afford your mortgage payments in the long run. By keeping these key factors in mind, we can secure you the best possible mortgage for your new home as a repeat home buyer.


Let Steenbeek Mortgage Team help you get the mortgage that fits your needs.