The first thing to do is to talk with a Mortgage Professional before you find a home. Once we have gathered information about you we can answer questions about interest rates, loan products, and find out if you qualify for the home.

Hello Catherine,
It is great that you have found a property you love! preparing an offer is one of the most important first steps in reaching the happy ending of getting the keys to your new home! Your financing terms will have a lot to do with how your offer is drafted and ultimately received by the sellers. Unfortunately as a Mortgage and Real Estate professional answering your question here is impossible. The complexities of your specific financial standings and your credit file are required to properly to pull together the best loan offers for you. There will be choices for you which will have an effect on the final interest rate & annual percentage rate (APR) you may select. Basing your decision or question on rate alone could lead to unknowingly selecting a higher cost program.

Every file is unique, while rates are advertised and everyone might seem to have the same rates, it is very important to shop the fees and programs too.

If you you would like to discuss the particulars of your file please feel free to contact me directly.

Thank you for visiting Trulia.com, I hope my response is helpful.

Also please see my "Buyers Flow-Chart" by clicking the link below.

Good Luck! -Kris

Kristopher Furrow – Realtor® RealEstate.com Realtors® 801.916.0815
Realtor - RealEstate.com Realtors®, Utah license # 5489913-SA00
Loan Officer - Envision Lending Group, Utah license # 5489913-MLAF