Buying a home in Ivyland? Along with the house of your dreams, you’ll no doubt be looking for the best mortgage for your budget. Here’s a quick checklist for getting a home mortgage.
Gather Your Paperwork
Be ready to prove your identity and income, and show your debts and assets. Get documents together at the beginning of your mortgage search.
Check Your Credit
Pull your credit report online and review every line. Dispute anything that’s reporting in error. In addition, keep your credit report clean by strictly paying your bills on time.
Talk to a Lender
Consider your options by speaking with a professional who can pull your credit and analyze your finances. Hopefully you’ll end up getting pre-approved, which is a huge benefit during negotiations with sellers.
Review your Finances
Look at your net income against your required monthly bills and your disposable income. Be realistic about what you find when you start to…
Set Your Budget
Decide in advance the amount you need to borrow for your home. Your budget helps determine the amount and the length of the mortgage loan that’s best for you.
Secure A Down Payment
Look at your savings and be aware of the amount you can pay down on your new home. If you don’t have much saved, try shaving some extra off your expenses and use it to pad your down payment. If you are getting money as a gift from parents, make sure to secure a “gift letter” so the lender will know you won’t be required to pay it back.
Living in Ivyland PA as a home owner means doing some advance planning. This checklist will guide you in making good decisions and being prepared for the responsibility of home ownership.
Jacob Desperak
Wonderful and easy experience!
My wife and I had a very good experience with Fedlend thanks to Andy and Kathy. We couldn’t be more thankful for all the help and guidance we received along the way. Would definitely recommend to all home buyers, as we will use Fedlend for our next purchase or refinance.
Elaine Punchello
I've trusted Federated Lending multiple…
I've trusted Federated Lending multiple times for my home mortgages. They make what can be a difficult process easy to get through. I've never had a delay in a settlement because of my mortgage, which is a frequent issue with other lenders. I'll continue to use them and recommend them. Thanks!
Bart Cerami
Andrew Larson and Federated Lending made refinancing my home simple, and saved me a lot of money in the process. And Andy continued to assist me after the closing when I had a question regarding my local tax payment. I have already recommended him to several of my friends and will continue to do so. Thanks Andy!!
Patrick Mallon
Federated Lending has great customer…
Federated Lending has great customer service, a very knowledgeable staff, and made re-financing an effortless experience.
Kristen Katzianer
Easy process from start to finish
Easy process from start to finish. The underwriter should make more money.
Mike Pawlikowski
Federated Lending comes through again
Federated Lending comes through again. Tom K. and Federated Lending team helped me through the process of getting my original mortgage and now again with the refinance. They made the process very easy and I am extremely happy with the end result. I would strongly recommend if your looking for a mortgage or refinance that you reach out to the Federated Lending Team.
Jorge Figueroa
Federated Lending Is Fantastic and Honest
This was such an easy transaction. What is probably the most stressful thing to do Andy and his Team made this absolutely seamless. Everything was done perfectly and right on time. Zero issues at the closing table and it all went exactly as it was explained. I was prepared for so many things to be a push up and there was none of it. NONE! I cannot say enough ...
Katie Novak
Federated Lending was a great mortgage…
Federated Lending was a great mortgage company to work with! We were able to ask questions and get immediate answers.
Megan Detwiler
We were happy with our experience. Initially there was a step missed that caused a slight delay, but we couldn’t be upset because it ended up getting us a lower rate overall. We were able to sign the documents in the comfort of our own home which was super convenient and appreciated. Would recommend!
Shawn Cannon
Second time working with Vince
Second time working with Vince. Have had nothing but great experiences. Highly recommend!!
Copyright 2017 Federated Lending. All Rights Reserved
Privacy Policy
Licensed Mortgage Banker in PA and NJ
NMLS Company License 112272
NMLS Individual License 134755
Licensed by the PA Department of Banking and Securities
Licensed by the NJ Department of Banking and Insurance
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
All employees are Bonded and Insured
