What’s the hardest aspect of buying a home? The money stuff, of course– really getting down and crunching the numbers. How much can you afford? How much will your monthly payment be? How much is the interest rate? Can it change? Obtaining and understanding a mortgage is definitely one of the most difficult parts of buying a home. For an amazing and thoroughly detailed guide to mortgages, check out this post by Kyle Hiscock at the Rochester Real Estate Blog. Find out answers to some of these common questions:
-How do I start the process of getting a mortgage?
-What documentation is required?
-What is the difference between pre-qualification and pre-approval?
-Which type of mortgage is best for me?
-What programs are available for first time buyers?