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Perennial Funding > Blog > Quick links > Shopping for a Home Loan or Mortgage

Shopping for a Home Loan or Mortgage

Finding your dream home is a task in itself, but being able to afford your dream home is a whole other hurdle to overcome. Many first-time homebuyers are unaware that finding the right mortgage comes before searching for that “dream home”. The excitement of shopping for your “dream home” usually becomes a distraction from the other key components of purchasing your property.

No one said finding the perfect mortgage or home loan would be easy – but, having multiple options will only assist you in finding the best mortgage program to suits your needs. Just as if you’re looking for a new car, you’ll want to shop around before fully committing. Whether you’re shopping for the right mortgage program or a car loan, the processes are extremely similar.

Purchasing a home is an important memorable moment in everyone’s life. Shopping for a mortgage? Not so much. The good news is with the right research, tools and assistance, the process is easier than you think (and hopefully with Perennial, much more memorable).

As a borrower, there are certain rights you are given that should be brought to your attention. As stated earlier, your home may quite possibly be your largest asset so finding the perfect loan, finding the right house and knowing your rights before signing any loan agreements. The Department of Housing and Urban Development offers a list of borrowers’ rights that you might be interested in reviewing over.
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/res/resborwr

A mortgage calculator is a great tool to utilize to take the initial step in finding the perfect mortgage loan for borrowers. A mortgage calculator determines your monthly fees by considering other finances such as insurance, taxes, etc. By reviewing your mortgage calculator results, a borrower will have a better sense of what type of house is realistically in their budget. The Perennial Funding website has a fresh new look along with a new mortgage calculator that will deliver you with the best mortgage loans available.
http://www.perennialfunding.com/calculators

Your “dream home” would not be a dream without the perfect loan that will accommodate your needs. At Perennial Funding, our team of experienced mortgage professionals will provide you with the tools and resources necessary so we can assist you every step of the way.

Our Favorite Links & Resources:

The Department of Housing and Urban Development (HUD) is the nation’s housing agency. They have a helpful list of 9 steps to buying a home, which includes figuring out how much you can afford, knowing your rights, shopping for a loan, making an offer, getting a home inspection, and much more!
http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home

Mortgage Calculator – Use this helpful tool to help you determine your ideal and reasonable mortgage costs. In addition, The Department of Housing and Urban Development (HUD) can offer much supportive advice on their website so make note to check it out!
http://www.perennialfunding.com/calculators

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Perennial Funding LLC, 161 Washington St. Suite 950, Conshohocken, PA 19428

Loan programs are subject to credit approval. Other terms, conditions, restrictions and fees may apply. All of the information on this website is published in good faith and for general information purposes only. Perennial Funding does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information on our website is strictly at your own risk and we will not be liable for any losses and damages in connection with the use of our website. The content in this website should not be construed as a mortgage loan commitment. From our website, you can visit other websites by following hyperlinks to these sites. While we strive to provide only links to useful and ethical websites, we have no control over the content and nature of these sites and the links to other websites do not imply a recommendation for all of the content found on these sites. Please be aware that when you leave our website, other sites may have different privacy policies and terms, which are beyond our control. Thank you for visiting Perennial Funding's website.
*By refinancing your existing mortgage your total finance charges may be higher over the life of the loan.

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