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You've got a dream of a place for you and your
family to call home.
And it's time to make it a reality.
Yeah.
But the mortgage process can be confusing.
And making a hasty or ill-informed decision could
impact your family's financial security.
A home should be a source of comfort and pride, not anxiety
and dread over how you're going to pay for it.
So before you start the process, you should stop and
ask yourself these three questions.
First, have you taken a look at your credit score?
It's a good idea to know your score and
make sure it's accurate.
Even a small difference, as little as 10 points either
way, can have a huge impact on the rate of your loan.
Get a copy of your credit report and fix any errors,
which could end up saving you thousands in the long run.
Second, do you know what all goes into the total
cost of your loan?
There's a lot of hype around interest rates, but that
number alone doesn't account for all your loan expenses.
The APR does.
The lower your APR, the lower the total cost of your loan,
regardless of the interest rate.
And finally, do you have enough money saved up?
Depending on the type of loan you get, sometimes you may
need to make a down payment as much as 20%
of the home's value.
And if that isn't enough, there are other home ownership
expenses to consider that can really add up.
Getting a mortgage can be a complicated process.
But don't let uncertainty get in the way of finding a home
for your family.
Let USAA Bank help you turn your dream into reality.
Our mortgage specialists are dedicated to helping you get
the mortgage that's right for you.
If you or an eligible family member has honorably served,
then let USAA Bank serve you.
Visit USAA.com/mortgage.
Or call us today.