Ask Taylor!

At Brennan Builders, we strive to always be accessible to our customers – whether you’re a homeowner or just curious about building one of our custom homes. Are you wondering about our floor plans, communities, move-in ready homes or the home building process in general? Send us any questions you have by filling out the form below, and Taylor (literally – she’s the real deal!) will get back to you as soon as possible.

If you’d rather talk over the phone, give me a call at (724) 908-4140.

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Common Home Mortgage Mistakes

Category: Mortgage

Common Home Mortgage Mistakes

Many homeowners can get overwhelmed with the whole mortgage industry and become confused quickly.  Here are a few tips to remember when securing your financing.

    • Don’t wait too long to get your pre-approval.  Understanding early what you can afford makes the whole process easier.  It allows you to look within your budget so you don’t end up disappointed if you start the search too high up front.
    • Understanding your finances.  Just because a bank qualifies you for a loan does not mean that you want to go as high as you are qualified for.  Mortgage lenders only take into consideration your total income less your debt (debt-to-income ratio).  Many people like to eat out a couple times a week or take a nice vacation every year.  These are items that are not factored into a pre-approval.
    • Get the right type of loan for you.  There are many types of loans from conventional, to adjustable rate, ARM, etc.  It is important to understand your plans for the next few years in order to make the best decision possible.  Sometimes you are purchasing your forever home while yet others know they will only be in this house for a couple years. These factors play a role in selecting the right mortgage for you.  Make sure to ask your mortgage consultant and financial advisor for further details in order to make the right decision for you.

Make sure you do your research so you end up completely satisfied with your mortgage.

~the Brennans