Noel Murdoch – Your Mortgage Match: Doing more than helping you buy a house

It’s been said that buying a house is one of the most important and expensive purchases you can make. So is buying a mortgage. Like finding the perfect house, finding a mortgage that suits your specific needs may take time and a lot of legwork. Do you get an open mortgage or a closed one? And what’s the difference between a variable rate and a fixed one?
At Your Mortgage Match, I’ll untangle all the terms and make sure you have everything in place before you purchase a house. And, best of all, my services are free.

Unlike a bank or credit union that only offer you their product, I’m able to offer you a variety of mortgages. I search all the offered product at the banks, credit unions and non-bank lenders to find the best mortgage for you—not for the mortgage lender. And having a mortgage broker do all the shopping around for you saves you time, so you can focus on finding the right house.

If you’re thinking of purchasing a home, a mortgage broker should be one of the first people to contact. I’ll talk with you, and we’ll start the process of getting you pre-approved for financing. We’ll also talk about what kind of budget you can afford, especially when you take into account what you’ll be paying for insurance, property taxes and utilities. A clear budget will prevent the pitfall of falling in love with a house only to end up with heartache when you discover you can’t afford it. Even if you have debt problems or you’ve declared bankruptcy in the past, I’ll be able to help you build up your credit score to have you back in the lender range again.

A mortgage broker is the hub of all the verbal and written communication among everyone involved in your house purchase. I’ve built strong relationships within the community, so if you don’t know who should be your realtor, I can offer you several names of reputable agents. I make sure that everyone connected with the purchase of your house is informed about all that’s going on—most importantly you. Even after the purchase of your new home, when your mortgage comes up for renewal, I make sure it’s still competitive and meets your needs; if it doesn’t, we can shop around to find one that will suit you.

Getting a mortgage is difficult at the best of times. At Your Mortgage Match, I’ll be able to guide you through the process of getting financing, planning a budget, rebuilding your credit score and taking care of any hiccup that may come along so that your experience of buying your first house, or your third, will be as pleasant as possible.

Good Credit Goes A Long Way

Lenders look at your credit score before giving you financing, so here are a few tips to build good credit.

1. Have two types of credit (credit card, loans, etc.), over a two-year period with each having a minimum of $2500 being borrowed.
2. Write down when and how much all your bills/payments are due on a calendar. By making other payments on time, you show the lender that you’ll also pay your mortgage on time, too.
3. Increase your credit score by keeping your debt balance at less than 50% of your limit. For example, if your credit card limit is $5,000, spend $2,400 or less even if you pay it off every month. This shows you don’t borrow more than you should every month.
4. Check your credit score at least once a year to ensure there are no hidden debts, especially if you’ve just cancelled a gym membership or your cell phone contract; there may be final charges.

This sponsored content was produced in partnership between Noel Murdoch and T8N Magazine