Home Loans In Glendale, Arizona

Glendale, Arizona, combines old culture and history with a twist of modern entertainment. The city is known for its array of art galleries, museums, and festivals throughout the year.

Real estate in Glendale is starting to pick up again after the pandemic’s activity decline. This is good news for those in the market for a home for sale in the city. But before finding your perfect home, it’s essential to figure out how you’re going to pay for it. 

That’s where we come in. At Capital Home Mortgage, we are your trusted direct mortgage lender in Glendale, Arizona. We understand how overwhelming the process can be, especially for first-time home buyers. 

To help you make the best of your initial consultation with a lender, we’ve put together these questions to ask to gain a well-rounded overview of the home loan process and what to expect. 

7 Questions To Ask Your Mortgage Lender In Glendale

     1. What are the available loan options for me?

Depending on your credit score, employment history, and other factors, there are various loan options available to you. Our loan officers will discuss the fundamentals of different home loan programs and help you find the best one for your situation.

     2. What is the interest rate?

The interest rate is one of the most important factors to consider when choosing a home loan, as it directly impacts how much you will pay monthly. 

Be sure to ask your mortgage lender what the current interest rate is for the type of loan you are interested in so you know what to expect should your loan application be approved. 

     3. What is the term of the loan?

The loan term is the length of time you have to pay back the loan. Most mortgages have a term of 15 or 30 years, but other options are available. This is an important detail to discuss with your lender as it can impact various aspects of your loan, including amount, interest rate, and monthly amortization. 

     4. How do I qualify for a loan?

There are several general eligibility requirements for home loan applications in Glendale. The biggest ones include having:

• Steady income
• Good credit score
• Low Debt-to-Income ratio
• Down payment 
• Mortgage insurance 

The lender might also include other specific requirements, depending on the type of loan. For instance, VA loans are only available to military personnel and their families. If you want to apply for this loan, you must be able to prove that you meet the qualification requirement. 

     5. How much money can I borrow?

The amount of money you can borrow will typically depend on your income and debt levels. 

     6. What are the fees associated with the home loan?

There’s a variety of fees associated with the home loan. Most homebuyers think it’s just the interest rate, but other expenses, such as closing costs and points, can add up quickly. Ask your lender about all the fees associated with the loan.

At Capital Home Mortgage, we can charge lower fees because we are a direct lender. We make all the decisions from application to funding, so the process is generally more straightforward. 

     7. What is the process of getting a loan?

The process of getting a loan can be long and complicated. Starting with getting pre-approved till you finally get the keys to your new home, there are a lot of steps involved. But not to worry, as we will be there to provide all the professional guidance you need along the way. 

Glendale, Arizona Mortgage Lender

At Capital Home Mortgage Glendale, we want you to have a stress-free home buying experience. After all, buying a property should be an exciting and joyful time. 

We offer an extensive lineup of mortgage products in Glendale, including FHA, VA, Conventional, Jumbo, USDA, and HUD 184 loans.

Get The Perfect Home Loan In Glendale, AZ

With Capital Home Mortgage, obtaining the right home financing product for your needs is just one phone call away. Speak with our loan officers about your home buying needs today. Call (480) 360-6650 to get started.