Home Loans In Cary Town, North Carolina

Welcome to Capital Home Mortgage – Cary Town. The town of Cary sits at the heart of the famous North Carolina Research Triangle. It was incorporated in the state of North Carolina as a town, not a city. Cary is the 2nd most populous incorporated town in the United States with this designation. 

The housing market here has been relatively resilient in the face of the pandemic. In a recent study, Cary, NC, was ranked third on AdvisorSmith’s list of safest cities in America. This makes it a prime area to own a home. 

However, the journey to homeownership is often long and arduous, especially if you don’t know what it entails. To help you make informed decisions, here are some essential tips to remember when buying a house.

4 Tips For Buying a House in Cary Town, North Carolina

     1) Check Your Finances 

You’ll want to make sure your finances can comfortably cover monthly payments for the next 15 to 30 years. This is in addition to your other expenses like food, transport, children’s education, etc. Income security and employment stability are paramount before looking for a house. 

     2) Consider Outstanding Debt

Non-mortgage debt, such as credit card and auto loan debts, may affect your credit report, which impacts your ability to obtain a home loan to finance the purchase. Most mortgage lenders may be unwilling to approve your loan application if you’ve got a sizable debt. Those that do will usually impose higher fees and more stringent terms. 

     3) Get Pre-Approved for a Home Loan

Being pre-approved for a home loan is a big plus for sellers. Pre-approval means that you’re serious about buying a house and not just looking around. 

     4) Maximize the Down Payment

Lenders impose different down payment thresholds for home loans. However, we recommend maximizing your free cash to cover a large portion of the down payment. Paying a large down payment reduces your loan amount. You pay lesser interest and lower mortgage payments over the loan term.

With a down payment of 20% or more, you can avoid paying for private mortgage insurance, further reducing your monthly mortgage payments.

Cary, North Carolina Home Loans

Buying a home in Cary Town doesn’t have to be complicated. At Capital Home Mortgage, we make the home buying experience as seamless as possible. 

We offer home loan programs, including  FHA loans for low credit score borrowers, jumbo loans for high-cost houses, VA loans for qualified veterans, USDA loans for rural area properties, and much more.

As a direct lender, we are involved in every aspect of the loan process. This allows us to provide tailored services, competitive interest rates, and low fees. 

Apply For Your Home Loan in Cary, NC Today!

Let us help you get the best mortgage product for your dream home in Cary, North Carolina. Our home loan specialists are standing by to walk you through your home loan choices and answer any questions you may have about the application process. 

Call us now at (910) 500-6017 to get in touch.