Today I want to talk about mortgage financing. This is the first and most important step you will take in starting your home buying journey. This step is best taken in advance of your home purchase to make sure there are no unforseen issues on your credit report.

What is a mortgage?

A mortgage is a legal instrument to secure financing for a home with a  promise to pay the loan back. Its just like any other loan but much better because of the tax benefits, such as the mortgage interest deduction which can save you money on your taxes.

So how do you get a mortgage?

The only way to truly know if you qualify for a loan is to talk to a lender.

They will pull your credit and ask you questions about your income and debt.

You will then…

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We chose this home because of the location. We love our neighborhood and the area. The neighborhood is very quiet and family oriented. The views of the Sandia Mountains and the city are incredible! You are able to watch the 4th of July fireworks in the backyard from Balloon Fiesta Park and watch the thousands of balloons float across the city and multiple land in our street during Balloon Fiesta week. Also the house is half a block from protected open space and Petroglyph Park. The area has plenty of grocery stores and not far from Cottonwood mall and shopping with easy access to Paseo Del Norte. Its been a wonderful place to live and I'm confident the next family will also love this house and neighborhood!

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