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Tips to Securing the Best Financing Rates When Buying a Home

Friday, January 6, 2023   /   by Michael Szakos

Tips to Securing the Best Financing Rates When Buying a Home

3 Steps to Securing the Best Financing Rates When Buying a Home


As a homebuyer, it's natural to focus on the process of house hunting and finding your dream home. However, experience has shown that shopping for the best financing should actually be the first step you take. By following these tips, you can secure the best financing rates and get the most home for your money.



    1. Start early: Don't wait until you've found the perfect home to start thinking about financing. Begin the process long before you start looking at houses. This will give you time to compare rates from different lenders, understand your options, and make informed decisions.

    1. Shop around: Don't just go with the first lender you come across. Take the time to compare rates and terms from multiple lenders. Look at banks, credit unions, and online lenders to see what they have to offer. Don't be afraid to negotiate and ask for a better rate.

    1. Know your credit score: Your credit score plays a major role in determining the financing rates you'll be offered. Make sure you know your score and take steps to improve it if necessary. This could involve paying off debts, correcting errors on your credit report, or other actions.


By following these three steps, you can secure the best financing rates when buying a home. The new report "Best Financing: A 3-Point Plan" provides even more detailed information on where to go, what questions to ask, and how to manage the process to your advantage. Don't wait until you've found the perfect home to start thinking about financing – start early, shop around, and know your credit score to get the most home for your money.

Team Szakos
Michael Szakos
1893 Knoll Drive
Ventura, CA 93003
805-765-1605
DRE# 01473073

Based on information from California Regional Multiple Listing Service, Inc. as of February 6, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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