Financing Your Home Starts With the Right Plan
Understand the basics, prepare for your home search, and connect with trusted lending professionals who can help you explore home financing options in Wisconsin.
Connect With a Lender
Before you start touring homes, getting pre-approved can help make the buying process smoother from the beginning. A pre-approval gives you a clearer understanding of your buying power and helps prepare you to act when the right opportunity comes along.
Pre-Qualified
An initial estimate of what you may qualify for, typically based on information provided to a lender.
Pre-Approved
A more thorough review of your financial information and documentation that helps determine the amount a lender may be willing to finance.
Down Payment
The portion of the purchase price you pay upfront. The amount required varies depending on your financing.
Closing Costs
Expenses associated with completing your purchase in addition to your down payment.
Interest Rate
The percentage charged by the lender for borrowing money.
APR
A broader measure of borrowing cost that incorporates the interest rate and certain additional costs.
Loan Term
The length of time over which the mortgage is scheduled to be repaid.
A common mortgage option that isn't insured by a government agency.
Government-insured financing that may offer different down-payment and qualification requirements.
Financing available to eligible veterans, active-duty service members and certain surviving spouses.
Financing that may be available for eligible buyers and properties in qualifying areas.
Loan programs, eligibility requirements and costs can vary. A lending professional can help you determine which options may be appropriate for your situation.
Compare Your Options With a Lender
Questions we hear from buyers about financing their home purchase.
It's not always required, but being pre-approved can help you prepare for your home search and be ready to act when the right property comes along.
It depends on the loan program and your individual situation. A lending professional can walk you through the options available to you.
As early as possible — ideally before you start touring homes, so you have a clear picture of your budget going in.
You don't need to have every detail figured out before getting started. Talk with a HomeTeam4u Realtor about where you are in the process, and we'll help you determine the right next step.
Talk With a Realtor
