Saint Louis, MO – Liberty Lending, a St. Louis mortgage company, would like to offer advanced home financing advice for potential first-time buyers. Financing a home can be a difficult task and Liberty Lending is here to help. Liberty Lending Consultants advises that potential buyers determine how much they need to borrow as well as how much they are able to borrow. Determining that maximum amount depends on a couple of key questions. Most importantly, how much of a monthly payment can the potential buyer afford? This amount is often determined by the customer’s current monthly income. Additionally, the customer must consider the amount that a lender is able to lend them, based on previous credit, employment history, goal, income, and debt.
After gathering all of the necessary information, Liberty Lending suggests selecting a financial advisor to review everything in great detail. Once the financial advisor clears all of the relevant information, they will be able to pre-qualify the potential buyer. Being pre-qualified makes it easier for any seller to know that the buyer is serious about purchasing a new property.
Getting pre-qualified means it’s time for the buyer to apply for financial assistance. Liberty Lending suggests selecting financial advisors that will make sure the application for financial assistance is error-free. After applying, financial advisors will contact the necessary parties to order an appraisal of the home in question.
After completing all of this work Liberty Lending suggests the buyer’s realtor and property seller find an escrow/title company to handle funding. From there, the buyer’s financial advisors can work with all of the appropriate parties to make sure everything is in order. Once the potential buyer signs the papers, they can focus on really making that new house a home.
Liberty Lending offers a variety of different home loans as well. Some of their most popular loans include the Missouri USDA Rural Development Loan, which reduces costs in rural and suburban locations. Another key type of loan offered is the St. Louis VA and Military Loans, which help veterans and active military purchase a home. Liberty also has some of the lowest rates on conventional fixed-rate mortgages. When looking to purchase a home loan, Liberty Lending Consultants have the knowledge to make your experience as easy as possible.