Platinum lending solutions,Stacy schlesinger,Va home loans Are You Getting Ready to Buy or Sell a Home?

Are You Getting Ready to Buy or Sell a Home?



Conventional mortgage

Your youngest daughter is leaving for college and you are your wife have decided to finally take control of the rest of your finances. You have been spending the last 15 years living just beyond your means. It has not been exactly living from paycheck to paycheck, but you have had plenty of uncomfortable times. Even a few days of borrowing from Peter to pay Paul so to speak. Now that one daughter is starting college and the other is pursuing her Masters Degree, you know that your daughters will be limiting their expenses the ones that are associated with college.
Fortunately, the college savings accounts that you have been contributing to for years will meet all of the college financial needs. While the girls are at school, you have both decided to work some extra shifts, downsize from your enormous five bedroom, five bathroom two story home with a walk out basement, and purchase a smaller ranch. You still plan to have three bedrooms so there is enough space when the girls are home for breaks and vacations, but the goal is to find a new home that is full of low maintenance features. The fact that you have been a little house poor in the last 15 years means that you have a lot of equity in your current home and you hope that you will be able to pay for the smaller house upfront. If you do need to work with a mortgage broker, it will be for a very small and manageable loan amount.
Are You Ready to Make a Transition?
Whether you are looking for a conventional mortgage broker or are looking a some less traditional loan for a vacation home, the financing that you find will determine your future decisions. Settling for a loan rate that is too high, for instance, will have implications for many years to come. Doing your research and getting yourself in the best position for your loan application can help you find the mortgage available that will help you reach your long term goals. Consider some of these statistics about the current mortgages that are available:

  • The first time home buyer has a few more loan options than other buyers.
  • Home mortgage brokers can help you navigate the often complicated home financing options.
  • Estimates indicate that as many as 59% of homeowners wish they understood the details and terms of their mortgage better. For this reason, it is important to work with a mortgage broker who makes you feel comfortable enough to ask all of the questions that you have.



  • Research indicates that 31% of millennials looking to buy a home plan to do so within the next 24 months.
  • In March of the year 2016, $186,000 was the average sale price for a home in America.
  • Getting to the position in life where you can afford a vacation home is the dream that many achieve only after they have successfully managed their first well planned home loan.
  • Home buyers who move from one home to another
  • The mortgage planning that you find when you are getting ready to buy a home helps to determine the kind of lifestyle that you will lead for the length of that loan.



  • Literally, one of every three of the people looking to buy new homes are first time home buyers.
  • Only 14% of buyers financed 100% of their entire purchase with a mortgage in the year 2016. Unfortunately, these 14% of buyers have a long road ahead of them. Starting with no equity in a home is not the ideal way to go into a purchase.
  • Approximately 92% of all buyers used a fixed rate mortgage in the year 2016, according to the 2017 NAR Home Buyer and Seller Generational Trends report.
  • No home buyer should settle for the first loan that he or she finds. Taking the time to find the loan that can offer you the best interest rates and the best terms always pays off.

Buying a home can be a very exciting time, but if you do not take the time to find the best interest and other terms, you may find yourself in a difficult financial situation. There is no place like home!

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