Your local loan officer in Colleyville needs to be someone you can trust. The elite team at Supreme Lending places the customer first. We work with our clients to find the best solution.
Colleyville is one of the most desirable places to live in the state. A walking score of over 16, relatively high income, and beautiful homes combined with superior amenities, schools, and golf courses make this the place for the well-off.
For these reasons, the area is booming. The average home price now tops $512,000 with population growth over two percent year-over-year. Texas is a desirable location with a growing population and Colleyville is on the crest of this wave.
How much mortgage can I afford?
Your mortgage is your rent. If you rented, you paid a monthly fee for the right to live in someone’s property. The difference with home ownership is that you own a home. A homeowner’s association might take care of garbage collection for a fee.
Mortgage payments should be no larger than twenty-eight percent of your monthly pre-tax income. We recommend that you keep all debt payments under 40 percent of this base with 33 percent being the overall goal.
What should my down payment in Colleyville be?
Aiming to keep your mortgage payment within reason means making a higher down payment. A fixed 30-year loan at the national 3.82 percent interest rate covering the entirety of the average home in our city will cost $2,421 every month.
The typical resident in Colleyville can afford to cover their entire home with a mortgage. Still, a 20 percent down payment is recommended. This means paying $102400 upfront with a monthly mortgage of $1937 when spread over three decades.
How long will it take to pay off my mortgage?
Younger homeowners take longer-term mortgages than their older peers. This means that many first-time homebuyers can take more time to pay their loan.
Our company offers a 30-year fixed-rate mortgage. Other options exist for potential buyers with credit scores over 620. We also have VA and FHA qualified mortgages.
What happens to my mortgage when I move?
The average American moves 11.7 times within their lifetime. At least one move occurs as a homeowner. Your final offer covers the remainder of your mortgage and provides a down payment for the next chapter of your life.
Your mortgage should not hang over your life. Living within your means is necessary.
What should I look for in a loan officer?
Lending companies must be trustworthy. Companies know that Colleyville residents make payments. This may make them more open to shadier practices, especially with the increased regulations and credit requirements used since 2008.
You need to find a company that places people first. We have over ten locations in Texas all dedicated to helping our clients. We work hard to understand your capabilities and choose the most appropriate mortgage. From initial offer to closing and beyond, our team is available for you.
Loan officer in Colleyville
The team at Supreme Lending offers qualified help to get you the mortgage you deserve. You want to live in one of the best places in Texas. We offer low fixed-rate mortgages at a price you can afford and ensure that our products fit your needs. Unlike other companies, we offer everyone the same rates and high quality of service.
IF you are looking for a home in Texas, we are here to help. Get in touch or visit our website to schedule an appointment today. Start the next chapter of your life today.Loan Officer Colleyville
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