All Western Mortgage | Home Mortgage Loans

1. All Western Mortgage Home Mortgage Loan

2. How to Get the Best Rates for your House Mortgage Here are some steps that you can follow, which will allow you to secure the best interest rates on your house mortgage • Prepare Early: You will realize the importance of maintaining a good credit score when you’ll apply for a mortgage loan. Conventional lenders look for a score of at least 700 before approving your application and a good credit score also means better interest rates. So, even if you need a mortgage after 3 or 5 years, you need to start working on your credit from today itself. Also, save as much as you can because the more you can pay as down payment, the better interest rates you will get. • Shop Around: Research, compile, collate and compare interest rates offered by various lenders. You’ll get a wide range of quotes from different lenders while researching online. So, shop around for home mortgage loansas much as you can before finalizing a lender.

3. How to Get the Best Rates for your House Mortgage • Consider other factors: Interest rate is the most important parameter to consider while shopping for a mortgage, but there are other factors as well that you must consider before finalizing a lender. For instance, check for pre-payment penalty, closing costs, origination points, discount points etc. • Understand PMI: You are considered as a high risk borrower if your down payment is below 20% and in such a scenario, you’ll require a Private Mortgage Insurance (PMI). The cost of PMI will be borne by you and therefore, save up enough money to at least make 20% down payment. If you follow all these steps, chances are high that you’ll secure a great interest rate on your mortgage. If you are planning to buy your first home mortgage, visit All Western Mortgage’s website – www.awmlending.com today and use our free mortgage calculator. You can also request for a free quote from us.

4. 4 Mistakes to Avoid While Taking Your First Home Mortgage • Buying a home has more to it than just paying house mortgage installments: Most first time buyers go ahead with a mortgage purchase as soon as they feel that they are ready to make mortgage payments. They don’t consider the fact that affording mortgage is not the same as affording a home, which involves various other costs such as taxes, insurance, maintenance, utilities, running costs and a lot more.

5. 4 Mistakes to Avoid While Taking Your First Home Mortgage • Looking for a home before finding a home mortgage loan: First time buyers are often afraid to get pre-qualified as they fear rejection or getting pre-qualified for an amount which is below their expectations. This is one of the gravest mistakes that you can make. So, give a call to All Western Mortgage on 702-850-2790 and get pre-approved first before you go looking for homes.

6. 4 Mistakes to Avoid While Taking Your First Home Mortgage • Not hiring a professional realtor: Some first time buyers make the mistake of not hiring a professional realtor, in order to cut costs, while looking for homes. Well, needless to say, this mistake is bound to end up in a disaster. • Depleting entire or most of their savings on down payment: Spending all or most of your savings on down payment and closing costs is one of the most dangerous mistakes. Homebuyers do this to meet the 20% down payment mark so that they don’t have to pay for the mortgage insurance. But, paying for insurance is definitely better than having no money for a rainy day.

7. All Western Mortgage Address: 8345 W Sunset Rd, Suite 380 Las Vegas, NV  89113 Telephone: 702-850-2790 Fax: 702-906-0153 Web : www.awmlending.com Email: info@awmlending.com