Frequently Asked Questions
We know Hudson Valley homes
Frequently Asked Questions
Buying a home begins with financial stability. A FICO score can range from 300 to 850 — the lower your score, the higher your interest rate. A few factors play into your FICO score including payment history, credit to debt ratio, credit inquiries, and types of credit.
A broker (like Chris Hanson) possesses a higher licensing level and requires more education and experience. A broker can have sales people or associate brokers wording under them as associated. It’s a different level than a salesperson. With Hanson Real Estate Partners being a boutique brokerage, you get easy access to Chris. He oversees his agents and shares his knowledge with them.Â
The escrow account is a third-party, future obligation that awaits fulfillment. Mortgage servicing companies hold these funds to cover expenses such as homeowners insurance and property taxes, which are paid with extra monthly payments made into this specially designated fund each month.
Buying your first home is no easy feat! The thrilling process has many stages. Hanson Real Estate Partners will be there for everything from locating your perfect property to guiding you through closing proceedings and making sure you’re happy with every aspect of the experience.
Typically, the process takes place within 9 exciting steps:Â
- Financial preparation.
- Picking a quality real estate agent.
- Searching through listings and touring homes.
- Remaining cognizant of the market and the right time act.Â
- Finding your dream home.Â
- Negotiating a price point that fits your needs.Â
- Obtaining a loan.Â
- Closing the deal.Â
- Move-in day.Â
Utilize our handy mortgage calculator in the section below to get an estimate for your home mortgage!
Mortgage Calculator
This calculator will compute a mortgage's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. This calculator will also compute your total mortgage payment which will include your property tax, property insurance and PMI payments.
This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance. They are for your personal use and are not intended to replace professional financial advice.
This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance. They are for your personal use and are not intended to replace professional financial advice.