Name

Name

Wilbert F. Cobbs

Personal details

Location

Brooklyn, NY

Web

http://www.faircashnow.com/

Short Bio

You are sure to need to come up with a down payment. Some banks used to allow no down payments, but now they typically require it. You need to find out how much of a down payment is required before your submit your application. If you decide on a mortgage, be sure you've got good credit. Lenders approve your loan based primarily on your credit rating. Poor credit is something that should be worked on and repaired so that you do not have your application denied. If your application for a loan happens to be denied, don't lose hope. Just move on and apply for the next mortgage with another lender. Every lender has different criteria. It is for this reason, that it is beneficial to you to apply with different lenders. Find out about the property taxes associated with the house you are buying. You should know how much the property taxes will cost. Sometimes property taxes are a lot higher than you may imagine at first. This can turn into a real surprise. If your mortgage spans 30 years, think about chipping an additional monthly payment. Additional payments will be applied directly to the principal of your loan. If you regularly make extra payments, the interest you pay will be significantly reduced and the loan will be paid off faster.

History

Member for

7 years 11 months