The Papineau Team | Andover Real Estate, North Andover Real Estate, Boxford Real Estate


Filling out a mortgage application may prove to be a long, exhausting process. Fortunately, we're here to help you streamline the mortgage application process so you can move one step closer to acquiring your dream house.

Now, let's take a look at three tips to help you approach the mortgage application process with confidence.

1. Be Thorough

A mortgage application likely requests a lot of information about you, your finances and your employment history. However, it is important to answer each mortgage application question to the best of your ability. Because if you fail to do so, you risk delays in getting approved for a mortgage. Or, perhaps even worse, a lender may decline your mortgage application.

In addition, be honest in all of your mortgage application responses. This will ensure that if your mortgage application is approved, you will receive a mortgage that corresponds to your finances.

2. Ask Questions

There is no need to leave anything to chance as you complete a mortgage application. Thus, if you're uncertain about how to respond to various mortgage application questions, reach out to a lender for assistance.

Remember, there is no such thing as a "bad" question, especially when it comes to filling out a mortgage application. Lenders employ friendly, knowledgeable mortgage specialists who are happy to assist you in any way possible. Work with these mortgage specialists, and you can get the help you need to finalize your mortgage application.

3. Get Multiple Quotes

It may seem like a good idea to complete a single mortgage application to request home financing from a single lender. Yet doing so may be problematic, particularly for those who prioritize affordability.

Ultimately, meeting with multiple lenders and getting several mortgage quotes is ideal. If you shop around for a mortgage, you may be eligible for a low interest rate that helps you save money when you complete a home purchase.

Once you finish a mortgage application, it may be only a matter of time before you find out if you have received approval. Then, if you receive a "Yes" from a lender, you can accelerate the homebuying journey.

Of course, for those who plan to buy a home soon, it may be beneficial to employ a real estate agent. This housing market professional can put you in touch with the top lenders in your area, as well as help you complete a home search in no time at all.

A real estate agent typically learns about a homebuyer's goals and crafts a strategy to help this buyer accomplish his or her aspirations. Furthermore, a real estate agent provides recommendations and tips to help a homebuyer make informed decisions throughout the property buying journey. And if a homebuyer ever has concerns or questions, a real estate agent is available to respond to them.

Ready to complete a mortgage application? Use the aforementioned tips, and you can finalize a mortgage application, obtain home financing and make your homeownership dream come true.


This Single-Family in Andover, MA recently sold for $900,000. This Colonial style home was sold by The Papineau Team - Coldwell Banker Residential Brokerage.


13 Forbes Ln, Andover, MA 01810

In Town

Single-Family

$945,000
Price
$900,000
Sale Price

10
Rooms
5
Beds
3/1
Full/Half Baths
If you've always wanted to live near the Downtown of Andover, you've found your next home! This striking in-town home, in the sought after Phillips/Pike area, gives you space to grow, the neighborhood style of living and easy access to all that being in the heart of town offers. Plus, a choice of highly rated schools with the South/Doherty offering or 5 minutes from Phillips, Pike or the Montessori School. As you drive by, the traditional front exterior is complemented by the expansive back of the house which adds drama and an open flow to the floor plan. The many updates and features include an updated white Kitchen with custom cabinetry and an open flow to the breakfast bar and Family Room. The two story family room includes a back staircase to the second floor Master Suite. The stylishly renovated Master Suite features a Spa Bath and Sitting room. Finished Lower Level with gym, fireplace and Media Room. Enjoy the screened room and patio with private views of the level back grounds.

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If you plan to buy a house, it helps to take an honest approach to the homebuying journey. In fact, there are many reasons to remain open and honest throughout the homebuying journey, including:

1. You can set realistic expectations for the homebuying cycle.

If you're honest with yourself, you can determine exactly how much that you can spend on a residence. Then, you can tailor your home search accordingly.

Furthermore, an honest approach is ideal to ensure you can maintain realistic expectations as you pursue houses. No house is perfect, but an honest homebuyer will realize this before he or she embarks on a home search. As a result, this homebuyer may be better equipped than others to discover a terrific house that matches his or her expectations.

2. You can resist the temptation to spend beyond your means.

Oftentimes, it helps to get pre-approved for a mortgage before you enter the housing market. If you pursue houses with a mortgage in hand, you can establish a price range for your home search, thereby reducing the risk of spending too much on a house.

When it comes to getting a mortgage, you'll need to be honest with prospective lenders. These financial institutions will perform their due diligence to ensure you are qualified to receive a mortgage. And if you are dishonest with lenders, you are unlikely to get the mortgage you need to acquire your ideal house.

3. You can speed up the homebuying journey.

The homebuying journey may prove to be a long, drawn-out process if you're not careful. Fortunately, with an honest approach to buying a house, you can limit the risk of encountering time-consuming homebuying hurdles.

For example, if you are honest with yourself about where you want to live, you can refine your home search to particular cities or towns. This will enable you to keep track of available houses in certain areas, resulting in a fast, efficient home search.

The aforementioned list highlights some of the key reasons to be honest with yourself and others as you pursue a house. Of course, if you need extra assistance as you search for your dream home, you may want to hire a real estate agent too.

A real estate agent is a homebuying expert who will be direct and forthright with you throughout the homebuying journey. As such, a real estate agent can help you take the guesswork out of purchasing a house.

Usually, a real estate agent will meet with you and learn about your homebuying criteria. This housing market professional then can tailor a home search to help you identify your dream residence. And if you have any homebuying questions, a real estate agent can respond to these queries immediately.

Perhaps best of all, a real estate agent will provide honest, unbiased recommendations as you proceed along the homebuying journey. This housing market professional will simplify the homebuying process, ensuring you can acquire a top-notch house that you can enjoy for years to come.



52 Rocky Hill Rd, Andover, MA 01810

South Andover

Single-Family

$649,000
Price

7
Rooms
3
Beds
2
Baths
Surround yourself in a picturesque setting that would be hard to duplicate, near the South School, Phillips Academy and Downtown. This can be your country home and respite from the city or live and work here and see why Andover is so popular. You'll enjoy your morning coffee on the brick patio and have a beautiful view soaking in this priceless setting. The charm and warm feel showcase the history yet so much has changed! The updated Kitchen and Baths complement the hardwoods, moldings and built-ins. The kitchen is a delight with good workspace, an island and an open flow to the family room, dining room and foyer. The first floor is open and offers great spaces for entertaining yet has cozy spaces to work. The bedroom layout and baths give everyone their space. Explore the gardens which are amazing and enjoy the endless possibilities with the land. Set up a soccer field and invite the team, install a pool/sport court or expand the house footprint and enjoy the Bonus Carriage House.
Open House
Monday
May 25 at 1:00 PM to 2:00 PM
Get out your phone and get an exclusive look inside the new listing at 52 Rocky Hill Road in Andover. Gorgeous grounds and very special setting.
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Location: 52 Rocky Hill Rd, Andover, MA 01810    Get Directions

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Surround yourself in a picturesque setting that would be hard to duplicate, near the South School, Phillips Academy and Downtown. This can be your country home and respite from the city or live and work here and see why Andover is so popular. You'll enjoy your morning coffee on the brick patio and have a beautiful view soaking in this priceless setting. The charm and warm feel showcase the history yet so much has changed! The updated Kitchen and Baths complement the hardwoods, moldings and built-ins. The kitchen is a delight with good workspace, an island and an open flow to the family room, dining room and foyer. The first floor is open and offers great spaces for entertaining yet has cozy spaces to work. The bedroom layout and baths give everyone their space. Explore the gardens which are amazing and enjoy the endless possibilities with the land. Set up a soccer field and invite the team, install a pool/sport court or expand the house footprint and enjoy the Bonus Carriage House.

More Info on this Property | New Listing Alerts



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