Mortgage Loan Mckinney

Mortgage Loan Mckinney

At Core Team Lending, we provide mortgage loans in McKinney for people who need funding to purchase a home. If you are considering a mortgage, it might help for you to be up-to-speed on your mortgage options. Core Team Lending offers a variety of mortgages for individuals from all walks of life and every financial situation. Whether the home you want to purchase will be your primary residence, a second home, or an investment property, we have lots of loan types offering both fixed rates and adjustable rates. Call or get prequalified online by clicking the following link:

Taking a mortgage is a large responsibility. It's a big decision that merits much consideration. In most instances, ever since the 2008 subprime mortgage crisis, all of the banks are very cautious about who they loan money to. Therefore, applying for most types of mortgages means you need to have good credit. However, even if your credit isn't perfect, we can probably get you a mortgage.

Interest Rates and Down Payments

Also, along with borrowing responsibly comes lending responsibly. Since Core Team Lending is held to a high standard of quality and ethics, we must ensure that our borrowers aren't borrowing more than they can pay back. Each mortgage product has its own income requirements. Most require that the borrower has had gainful employment for no less than two to three years, and there is likely going to be a minimum income requirement for each loan package.

Very few mortgages will offer no down payment for borrowers. For the traditional mortgage loan in McKinney, you might expect to pay as much as 20% down. Interest rates vary, depending on a number of factors, not the least of which is the borrower's credit. The loan types that allow for low or no down payments and extremely low interest rates are usually government subsidized and have strict criteria that must be met in order to qualify for them. Of course, we can go over all of your options with you.

Mortgages for First-Time Home Buyers

If you're not interested in a rural home mortgage, you're not a low to moderate-income person, and you still want to qualify for a special mortgage, there are options for first-time home buyers. Unfortunately, there's no way to know exactly which rate or how much of a down payment a first-time home buyer might be required to pay until we qualify them.

Talk to Core Team Lending Today

Making a decision about taking a mortgage is not a small thing. It's very serious and is something that you should discuss at length with a professional. As mentioned, you can get an adjustable or fixed rate mortgage loan in McKinney from Core Team Lending. Fixed rates are the safest for home buyers who plan to live in their homes for a long time, and they're also easier to understand for first-time home buyers. We'll go over your options with you and help you find a loan product that gets you the home you need.

Mortgage Loan Mckinney
The CORE Team – USA Mortgage
Mortgage Loan Mckinney
2150 S. Central Expwy Ste. 310
McKinney TX 75070 US

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