Vermont Home Buying
Vermont is producing more than maple syrup thanks to high existing and new home inventory. Home buyers and those interested in real estate investing can choose from a custom built timber framed new home in Londonberry by Vermont Country Builders to New England style homes by PepperTree Homes.
Before signing a home purchase contract, Vermont mortgage lenders and mortgage brokers are asking borrowers to know their credit score and how much house they can afford. Lenders also request that home owners interested in mortgage refinance or home equity loans take the same steps since borrowers will need to determine if they will save money refinancing their mortgage loan. Borrowers in Vermont can learn their credit rating by obtaining a copy of their credit report. The borrower’s credit score is important because it is one of the factors mortgage lenders take into consideration when determining loan rate and qualification. Vermont borrowers can also use mortgage calculators or a home purchase calculator to determine home affordability.