Search This Blog

Thursday, February 23, 2017

How to Get the Best Mortgage Rate


How To Get The Best Mortgage Rate

When shopping for a mortgage loan for purchasing real estate in St. Louis or St. Charles County area of Missouri, there are several things you need to do to ensure you get the best mortgage rate possible.

1) Know and Improve Your Credit Score

Get a copy of your credit report and know your FICO score.  You can order a free credit report from credit reporting agencies experian.com, equifax.com, or transunion.com that will provide your FICO score. Once you know your number you can calculate your loan savings based on your credit score using the myfico.com loan savings calculator here.

Know and Improve Your Credit ScoreWhen reviewing your credit report check for any discrepancies or anything unusual that needs attention. Look for mistakes such as accounts that are not yours. A study issued in 2012 by the FTC found that 1 in 5 people have errors on their credit report. When you find errors, contact the creditors by phone or mail to correct the error.

2) Compare Lenders

An online search can help you find and compare mortgage rates for different lenders. You’ll also want to check and compare the amounts of their closing costs. Ask friends and family what lenders they have worked with and their feelings about that lender. Or contact TheBoehmer Team for contact information on reputable area lenders that have successfully assisted clients in obtaining great mortgage loan products.

3) Compare Loan Types

Compare Mortgage Loan TypesChoose the right mortgage product based on your needs. Do you plan to stay in the home for many years? Or do you plan to sell or refinance in a few years? The answers to these questions will help you determine what is right for you. Loan types include: fixed-rate loans, adjustable-rate loans (ARMs), Federal Housing Administration loans (FHA), Veterans Administration loans (VA) and other low or no down payment loan products. For more in-depth information on choosing the right type of loan visit our page detailing the loan process.

4) Build Your Down Payment

The size of your down payment can affect the interest rate you pay, the type of loan products available for you and how much if any mortgage insurance you will need. In general, a larger down payment helps get you better mortgage rates and less expensive loan products. 
Build Your Down PaymentWhile putting twenty percent down on a home will allow you the greatest choice of loan products, there are currently mortgage loan programs in place that allow you to put as little as 3 percent down or even less. A conversation with your mortgage lender will help you determine how much you need to save to get the loan product that is best for you.


The Boehmer Team Helps Homebuyers Get Homes

The Boehmer Team has years of experience helping homebuyers find and purchase the home of their dreams. If you have questions, contact The Boehmer Team any time for expert advice. They can direct you to reputable local area lenders and loan officers or share more ways their clients have found the best lender to meet their mortgage needs. 



Wednesday, February 15, 2017

St. Louis Luxury Real Estate


This beautiful home is located off of Clayton Road in St. Louis. See it here.
The St. Louis metropolitan area has numerous luxury homes to choose from including both new and pre-owned luxury homes. Luxury homes are often defined by a price that is over $400,000. However, luxury homes are more than just a price tag.

This lovely home in O'Fallon, Mo includes inlaid wood floors and coffered ceilings. See it here.
Luxury homes usually include great architecture, high-end appliances and finishings, and beautiful interior design with designer paint colors. In addition to all these great features, luxury homes are often defined by a great location in sought after communities.  

You can have this view at your future home built by Fischer and Frichtel in Weldon Spring. See it here.
For most home builders luxury homes usually feature at least 3,000 square feet of living space. In addition to building quality homes with the newest standards, new home builders pay special attention to all finishings, from windows to doors, to faucets and cabinet pulls. Building a luxury home can be a truly exciting design experience.

This high-end kitchen is featured in a home by Bridgewater Communities. View it here.
[Did you know that The Boehmer Team has over 35+ years of combined experience helping families and individuals purchase brand new homes? Meet The Boehmer Team HERE.] 
For those looking for luxury real estate in the St. Louis area, or those who just want to dream about their future luxury home, we’ve created a webpage that features only currently-listed luxury real estate. This page features luxurious homes in St. Louis City, St. Louis County, St. Charles County, Jefferson County and Lincoln County in Missouri. 

The Blanchette by Payne Family Homes in Eureka, MO. View it here.
Whether buying or selling luxury real estate, The Boehmer Team provides the best luxury home sales service in the area. Our team has over 55+ years of combined experience working with homebuyers and sellers including luxury homeowners. Is moving on your mind? Contact The Boehmer Team for assistance with your luxury real estate needs.