How to get a mortgage

So you have decided to buy a house.   It could be your first or fifth house unless you can buy it with cash, you will need a mortgage.

Step 1 - Research which mortgage is right for you, it may be 30 year or 15 year fixed mortgages or adjustable rate
Step 2 - Think about what you can really afford, consider everything from how much monthly payments you can afford, closing costs, insurance and how much you can put down. Consider also how much you will need for the rest of your bills
Step 3 - Clear any credit problems
Step 4 - Research for a lender and their rates, again the one that is right for you
Step 5 - Get an appraisal for your house this will ensure that you are paying the right price for it
Step 6 - Get ready for the closing. Be sure you have time to complete any documentation, repairs and appraisals. Once the closing day comes be prepared to read and sign a lot of documentation. If you still have questions ask them.

Remember:  YES Financial is here to help you with each step along the way!