Welcome to our home loan center. If you are here reading this then that likely means you are interested in purchasing a home and you now need to look into financing. The very first step is to gain knowledge of what is available to you in terms of loan types and the rates that lenders are charging. The chart on the left displays the average rates for various common loan types. Feel free to click the link below the chart to explore additional loan options and view a trend chart that displays where rates have been in the past. Once you have a general idea of what current rates are on the loan types you are interested in you can move on to the next step which is finding out exactly how much you can spend on a home.
How much can I afford?
Now you can play with the calculator to the left to determine how much you can spend on a home. Enter the anticipated purchase price of your new home and the following information to the best of your ability and it will calculate the monthly payment along with other data that is helpful for a homeowner to know. Once you are able to determine a purchase price that is affordable you are almost ready to start looking at homes. Be careful though because more than 85% of prospective home owners get the process backwards and end up wasting time and money. It is absolutely crucial that you get a thorough quote from a lender based on your financial situation before you begin your home search. This process is easy, free, and quick and there is no obligation to use Sherman Bridge as your mortgage lender. Simply fill out the form below or call the number in the upper right hand corner to speak with an experienced loan officer at your immediate convenience.
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Great news today for the mortgage industry and homeowners alike. Mortgage interest rates around the country dropped back down to new record lows after a light uptick a few weeks ago. A slight incline in the US...
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