Mortgage Company Bay Shore, NY
Looking for Suffolk County Mortgage Companies? Tips to Help you Find the Best Lender
Countless homeowners in the Suffolk County, NY area have relied on Jet Direct Mortgage to turn their dreams of homeownership into realities. We are committed to providing our clients with the lending options that best meet their needs and providing incomparable customer service. If you’re on a mission to find the best mortgage company in Suffolk County, look no further than Jet Direct Mortgage.
Buying your first home is certainly exciting, but the process can be extremely overwhelming. Finding a house that ticks off all of your boxes is just part of the equation There are so many other factors that need to be taken into consideration; among them, deciding which mortgage company to work with.
While there are plenty of mortgage companies out there, you don’t want to settle for just anyone; you want to choose the best. To help make the process a bit easier, here are some tips that you can use to find reputable Suffolk County mortgage lenders to facilitate the purchase of your first home.
Start by Researching
First things first: you’re going to want to do some research. Start by searching “mortgage companies near me”, “mortgage lenders near me”, or a similar query on the Internet. While your search is sure to reveal several options, you don’t want to choose the first lender you find; instead, you’re going to want to dig a little deeper.
Check out the reputation, experience, and number of years that prospective lenders have been in business. There are a lot of “fly-by-night” and “pop-up” lenders, so-to-speak; steering clear of these companies is highly advisable. Your best bet is to opt for a company that is established in the community, has years of experience, and has successfully secured mortgages for a long list of other first-time homebuyers in the Bay Shore area.
Consider First-Time Homebuyer Programs
Take a look at the different programs prospective lenders offer. Since this is the first time you’re purchasing a home, your best bet is to look for mortgage lenders that offer first-time homebuyer programs. Many lenders team up with agencies to provide first-time buyers with invaluable services, such as down payment assistance, discounts, and a variety of resources that are specifically designed for those who are new to the home buying process.
Though government agencies finance incentives and programs that are offered for first-time homebuyers, lenders take care of the mortgages. By working with a lender that offers first-time buyer programs, you’ll be able to easily access any assistance you may require.
You’re going to be charged a lot of different fees when you’re securing a mortgage, and these fees are on top of the amount you’ll be borrowing to purchase a home. As such, it’s a good idea to compare rates that different lenders charge, as they vary significantly from lender to lender.
Compare interest rates and annual percentage rates (APRs) that prospective lenders are offering. These rates will play a big part in the total amount you’ll end up paying over the life of your loan. It’s also a good idea to compare different fees, such as loan and title origination, application, and appraisal fees, as these expenses will impact the amount you’ll need to bring to closing.
Another helpful tip: When you’re comparing rates, if you aren’t sure about something, ask. You want to make sure you have a firm understanding of the different fees and how they’ll affect you, so don’t be afraid to inquire about anything you’re unsure of.
Getting preapproved for a home loan is important. It shows sellers that you have access to financing and that your offer is solid, should they decide to accept it. Plus, a preapproval also gives you an understanding of what your payments will be like if you decide to borrow the amount you are approved for.
Different lenders use different strategies for issuing preapprovals. For example, some Suffolk County mortgage lenders may use digital files and can issue an approval in a matter of minutes, while other mortgage companies may require you to deliver documents by hand and can take a few days to get back to you. It’s important to compare and consider the preapproval methods that the lenders you’re thinking about working with us so you know when you’ll be able to access your letter.
Jet Direct Mortgage: One of Suffolk County, NY’s Most Trusted Mortgage Companies
If you’re on-track to purchase our first home in the Bay Shore, NY area, before you start shopping, contact Jet Direct Mortgage. As one of the leading mortgage lenders in the Suffolk County area, we offer great options and programs for first-time homebuyers and will help you secure fair and affordable financing.
To schedule an appointment with a knowledgeable and experienced mortgage broker, please call 855-553-4732 today! We look forward to working with you and playing a key role in your journey toward homeownership.
Some information about Bay Shore, NY
Bay Shore is a hamlet and census-designated place (CDP) in the Town of Islip, Suffolk County, New York, United States. It is situated on the South Shore of Long Island, adjoining the Great South Bay. In 2008, Bay Shore celebrated the 300th anniversary of the purchase of the land from the Secatogue Native Americans. The population of the CDP was 26,337 at the time of the 2010 census.
The Bay Shore CDP is located at(40.729857, −73.253722), on the South Shore of central Long Island, approximately 42 miles (68 km) from Manhattan and 79 miles (127 km) from Montauk. According to the United States Census Bureau, the CDP has a total area of 5.5 square miles (14.3 km2). 5.4 square miles (13.9 km2) of it is land and 0.15 square miles (0.4 km2) of it (2.88%) is water.
The northern boundary of the Bay Shore CDP is the Southern State Parkway. The northern part of the CDP (just south of the parkway) includes the hamlet of North Bay Shore. North of the parkway is the CDP of North Bay Shore, which contains the hamlet of Pine Aire and part of the hamlet of Brentwood.
The Village of Brightwaters is west of Bay Shore, and east of West Bay Shore and south of a portion of the Bay Shore CDP; The Great South Bay is to the south. The hamlet separates Bay Shore proper from West Bay Shore.