Explore Your Down Payment Options
Next step that will calm your anxiety is actually exploring your down payment assistance options. Now, down payment assistance options are good for some and not good for others. There is a trade-off with
down payment assistance. The biggest trade-off is going to be in the form of your mortgage interest rate. You should expect to be charged a higher interest rate if going the payment assistant route. That’s how the program pays for itself. This is something that you really need to think through before starting the home buying process.
Comparing Mortgage Quotes
The fourth step to easing your home buying anxiety is to ensure you sit down and compare mortgage options by researching options and quotes received. When you compare mortgage quotes, it’s important to understand that when you see low rates being shown online, on television, or you hear it on the radio, that the low rate must be investigated for any hidden charges or hurdles not easily visible. There are so many variables that go into deciding what kind of a mortgage interest rate you will receive – ie: your credit score, your current debt, and income ratios, etc. The best thing that you can do is actually find one or two mortgage lenders that you’re happy and comfortable with in order to compare your options.