Before you start the refinance or purchase process you need to answer a few important questions. If you do not answer them honestly, the final decision you make will be based upon inaccurate information.  This might lead you to a mortgage that is not the best financial solution for you, which is not the right mortgage, and could cost you thousands of dollars over the term of the mortgage.

Ask yourself these questions:

• What is my current mortgage rate?
• Do I just want a lower mortgage rate?
• Do I escrow for real estate taxes and insurance.
• Do I want cash out at the closing?
• Do I want to pay off my credit cards or other debts?
• Do I have Personal Mortgage Insurance on my loan now?
• How long do I intend to live in my home?
• What is our total household income per year?
• Will our incomes remain steady and our jobs remain constant?
• How much money am I willing to put towards a down payment?
• How much house can I afford to buy?
• Do I qualify for a VA loan?
• Am I a first time home buyer?
• What are my credit scores?
• Do I have anything on my credit report that might cause a lender alarm?
• What are the real estate taxes on the property, and what will the home owner’s insurance cost?
• What is my home worth?

By honestly answering the questions above, you are on your way to determining the type of Mortgage that best fits your financial circumstances.  You are taking control of the mortgage process, not allowing it to take control of you.

If you have any questions, just click "Contact Us" on the left. You can contact Shirino Mortgage Online by calling (702) 408-6565 or sending a fax to (702) 876-8366