This is Steve Kundert, he is the Residential Mortgage Loan Officer at Anchor Bank in Monroe, WI. I asked Steve what he thought was the biggest misconception in banking today as it relates to home purchasing. This is what he had to say.
"One of the biggest misconceptions about banks and home purchasing in today's housing market is the banks are out of money and not providing loans. That's simply not true. The lenders ar AnchorBank work with customers every day to make sure they know how much home they can afford and what the loan process will be. In fact, in some cases low or zero down payments are still available for low-income home buyers.
If you find the right lender and know what you can afford, now is actually a great time to buy, as rates continue to drop to near historic lows. There are many types of loan products available, with long-term fixed rate products being the most popular. A long-term fixed rate loan will give you the security of a fixed monthly payment at an attractive interest rate. Remember, it is important to look for a trusted lender who will give you all of your loan options and then let you choose.
Bundling your banking is another great way to save money. For example, at AnchorBank, we offer free checking to customers with a home loan." Steve's phone number is 608-325-7161
So there you have it, money is available and home selection is great so why don't you give me a call today and let me help you find your Dream Home. Scott Larson 608-214-9844 or on the web at greencountyhomeguide.com
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