There are numerous factors that go into purchasing a home. Many questions you may be asking are: How much can I afford? What kind of mortgage is best for us? What kind of fees should I expect to be charged? How long will I be paying on my home?
Don’t fret. Middlefield Bank has the answers.
The Middlefield Banking Company has been providing financing for home ownership for over 100 years, offering both Fixed Rate and Adjustable Rate loans. We have compiled a list of steps that, with our help, will lead you right to the door of your new home.
The first step towards buying a new home starts with choosing your Real Estate Agent. Hiring someone with high qualifications is extremely important. If you have not found one on your own, the Middlefield Banking Company can offer you a list of local agents.
Step two is prequalifying for a loan. This means assessing your current debts and your income, which will assist you in deciding upon your ideal price range for your new home. The Middlefield Bank Website has great tools and calculators that can help you figure out these figures.
Step three is deciding what to bring to your loan application appointment. Your lender will require you to complete a loan application, which will ask you about your current debts. The best way to go about compiling this list is to bring with you a list of creditors, addresses and account numbers. In addition, you will be asked to provide two years of tax returns to verify your income.
Step four is deciding the type of mortgage and term that is right for you. The Middlefield Banking Company will work with customers to lock in certain interest rates during the purchase process to assure the availability of those attractive rates. Ask about this service.
The last step is closing your loan. The bank can help guide you, all in an effort to allow you to step over the threshold of your new home
Each and every step gets you closer to your new home, and we can help you get there more quickly and conveniently. Come in for a consultation and see how we can assist you in your journey.
This article is brought to you by The Middlefield Banking Company