Marc LeBlanc - Natick, MA Real Estate, Framingham, MA Real Estate, Southborough, MA Real Estate


When you buy a home, there’s more to shop for than just the right place to live. Before you settle with a lender, you should shop around a bit. You want to be sure that your lender has your very best interests in mind when you’re in the midst of making one of the biggest purchases of your lifetime. Below, you’ll find some of the most important questions that you need to ask a lender while you’re in the process of buying a home.


Do You Offer Any Special Programs?


Choosing the right lender involves choosing a firm that offers the types of programs that will be helpful to your specific situation. You should look for a lender that offers a wide array of loans to suit your needs. Beware of any lender who tries to push you into a certain type of loan, especially if you don’t feel that it is a good fit for you. 


Do You Understand The Terms Of Certain Types Of Loans?


If you are seeking a certain type of loan, you probably should tell your lender that upfront. Of they seem familiar with it and have worked with the loan before, you’re in good hands. If the type of loan that you’re looking for is more uncommon, then you may need to shop around carefully for the right lender who understands your needs. 


Do I meet The Qualifications For Specific Loans?


The requirements for the same loan at two different lenders could be different. Things like your credit score could be a big factor. If you have a less than desirable credit score, this would also prompt you to want to look around a bit. You should know that different lenders have different terms and looking at a few lenders could be beneficial to you.


What Are The Mortgage Rates?


You’ll need a general ballpark idea of what rates will be for you when you finally secure that home loan. Keep in mind that rates fluctuate often and that an estimate will be just that. It’s not a number that will be set in stone, however, it will give you a good place to start as you shop around for a loan. 


Do You Help With Down Payments?


There are many down payment assistance programs available and your lender can help you to navigate them. The more you put down, the better your interest rate will be. If the amount that you’re able to put down on a home is a factor for you, definitely discuss it with your lender.


Can You Provide Pre-Approval Proof?


In hot real estate markets, you’re going to need some proof that you’re pre-approved in order to have the upper hand once you put in an offer on a home. Your lender should be able to provide your real estate agent with a certified letter of your pre-approval and the amount. 


Choosing the right lender is just as important as choosing the right realtor and the right home to buy. It’s just another part of the home buying process!


This Condo in Natick, MA recently sold for $230,000. This Low-Rise style home was sold by Marc LeBlanc - Touchstone Realty.


36 Silver Hill Ln, Natick, MA 01760

West Natick

Condo

$229,500
Price
$230,000
Sale Price

4
Rooms
1
Beds
1
Baths
LOCATION! Prime penthouse, rear-facing CORNER unit (w/extra bedrm window & lots of light) has sliders to deck & spacious storage closet. This larger one-bedrm plan is freshly updated w/brand new cabinets & counters (in kit AND bath), new lighting fixtures, new wall-to-wall carpeting & new designer colors thruout. His & Hers double closets. Stainless steel appliances, new sinks & fixtures. (This unit location significantly reduces potential noise.) Direct entrance from parking up rear stairs is a real plus to avoid hallways. Natick Green - w/33 groomed & wooded acres, just updated all siding, insulation, sliders, windows & decks giving the community a fresh, new contemporary look. On-site professional management & maintenance. Amenities include heated pool w/hot tub, lit tennis courts, clubhouse, grill area, picnic tables, social activities & Planet Fitness & Express Commuter Rail just 1/2 mile away. Enjoy Natick Center & Natick Mall w/great restaurants, shopping, music, theater & art.

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For those who want to acquire a house, it helps to get your finances in order. That way, you can quickly and effortlessly navigate the homebuying journey without having to worry about how you'll afford your dream house.

There are many quick, easy ways to straighten out your finances before you embark on the homebuying journey, such as:

1. Assess Your Credit Score

Your credit score ultimately can play a major role in your ability to secure a great mortgage. If you understand your credit score, you may be able to find ways to improve it prior to conducting a home search.

It is important to remember that you are entitled to a free copy of your credit report annually from each of the credit reporting agencies (Equifax, Experian and TransUnion). Request a free copy of your credit report today, and you can take the first step to evaluate your credit score.

If you find that your credit score is low, there is no need to worry. You can always pay off outstanding debt to improve your credit score over time.

Also, if you identify any errors on your credit report, you'll want to address these mistakes immediately. In this scenario, you should contact the agency that provided the report to ensure any necessary corrections can be made.

2. Look Closely at Your Monthly Expenses

When it comes to buying a house, it generally helps to have sufficient funds for a down payment. The down payment on a house may fall between 5 and 20 percent of a home's sale price, so you'll want to have enough money available to cover this total for your dream residence.

If you evaluate your monthly expenses, you may be able to find ways to save money for a down payment on a house.

For example, it may be beneficial to cut out cable TV for the time being and use the money that you save toward a home down payment. Or, if your dine out frequently, cooking at home may prove to be a substantial money-saver that could help you speed up the process of saving for a down payment.

3. Get Pre-Approved for a Mortgage

With pre-approval for a mortgage, you can enter the housing market with a budget in hand. Then, you'll be better equipped than ever before to narrow your search to houses that fall within your price range.

To get pre-approved for a mortgage, you'll want to meet with banks and credit unions. These financial institutions can teach you about different mortgage options and help you assess all of the options at your disposal.

Furthermore, don't hesitate to ask banks and credit unions about how different types of mortgages work. This will enable you to gain the insights that you need to make an informed decision about a mortgage based on your financial situation.

If you need extra help as you prepare to pursue a house, you may want to hire a real estate agent as well. In fact, a real estate agent can help you find a high-quality house at a budget-friendly price in no time at all.



8 Post Oak Ln, Natick, MA 01760

Condo

$279,000
Price

5
Rooms
2
Beds
2
Baths
Open House Sun 12/02 11:00 to 12:30 PRICE REDUCTION ..Great investment value ..easy to show !!Newly renovated Quality Kitchen!!! Freshly painted 2-bedroom, 2-bathroom in Natick, 1st-floor corner unit facing woods with great view of scenery. Safe and quiet condo complex with new siding, swimming pool, hot tub and tennis court. New 2018 kitchen cabinets, sink, granite counter top, vanities in both bathrooms and tiles in hallway bathroom. New 2017 dishwasher, refrigerator, range and water heater. New 2016 siding, windows and screen door. In-home washer and dryer included, central air and heat, walk-in closet, storage shed, laminate floor in kitchen and dining area. 10 minutes walk to train station, 30 minutes express train to Boston, less than 2 miles from Brown Elementary School / Kennedy Middle School, and a short drive to Mass Pike, Route 9 and Natick/Framingham shopping centers. Ideal for small/mid-size family and commuting.
Open House
Sunday
December 02 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 8 Post Oak Ln, Natick, MA 01760    Get Directions

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8 Post Oak Ln, Natick, MA 01760

Condo

$289,000
Price

5
Rooms
2
Beds
2
Baths
Open House Sun 12/02 11:00 to 12:30 Great investment value ..easy to show !!Newly renovated Quality Kitchen!!! Freshly painted 2-bedroom, 2-bathroom in Natick, 1st-floor corner unit facing woods with great view of scenery. Safe and quiet condo complex with new siding, swimming pool, hot tub and tennis court. New 2018 kitchen cabinets, sink, granite counter top, vanities in both bathrooms and tiles in hallway bathroom. New 2017 dishwasher, refrigerator, range and water heater. New 2016 siding, windows and screen door. In-home washer and dryer included, central air and heat, walk-in closet, storage shed, laminate floor in kitchen and dining area. 10 minutes walk to train station, 30 minutes express train to Boston, less than 2 miles from Brown Elementary School / Kennedy Middle School, and a short drive to Mass Pike, Route 9 and Natick/Framingham shopping centers. Ideal for small/mid-size family and commuting.
Open House
Sunday
December 02 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 8 Post Oak Ln, Natick, MA 01760    Get Directions

Similar Properties





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