The real estate market has never been better. Although rates have crept up slightly, rates are still low and FABULOUS!That being said, when you are ready to look for another house and it's time to get pre-approved.... be aware that some of the great new commercials you are seeing on TV or you hear on the radio will take your information and farm it out to numerous mortgage companies. These services will claim to get the best deal for you but remember that each company that receives your information will pull your credit and no matter what ANYONE tells you, those inquiries will affect your credit score. That being said, it is necessary to have your credit pulled so make sure it is with an institution you trust and are ready to commit to doing your loan with.
To be really honest, most institutions are going to be able to get you about the same rate and hopefully charge you reasonable fees. The mortgage industry is now HIGHLY regulated and the consumer is well protected by these regulations so you don't have to worry about secret fees and things like that anymore (the industry truly needed these regulations, thank you!).
I have some great partners that I work with in this industry (been doing it for 20 years, I know a few peeps) and I would be happy to guide you through your questions on credit, down payment, refinance, home improvement loans or whatever other mortgage related questions you might have. Feel free to reach out via a phone call or text 503.380.1156 or pass this information along to someone who might need it.
Best wishes for a great year
of real estate!
