Finding Financing

The first step to financing is selecting a lender, and you have come to the right place.  Benchmark Mortgage offers a wide variety of loans and loan programs that can get you into your new home.  And its important to know your financing situation BEFORE you begin looking for a house.  So what happens when you first meet with your lender?

Your loan officer will start by “pre qualifying” you for a loan.  They will ask you how much money you have, how much money you make, and how much money you owe for things like credit card and car payments.  They will look at your credit history to find out if you have any open collections, and see if you usually make your payments on time.  Based on this information, they will tell you how much money they will lend you. 

They also will ask you about what kind of home you are looking for, if you are planning to do any improvements, how long are you planning to live in the house and if this is a second rental or vacation property.  With this information, they will tell you what kind of loan is best for your financial and lifestyle situation.

At Benchmark, we work collaboratively with you to explain what your financing options are to ensure that you are not overextended, that you fully understand your options, and your limits, so that when you are ready to look for a home you can not only find one that suits you financially, you also can put your best offer forward because you are prequalified for financing.