Superior Lending-Prominent Mortgage Brokers in Utah Introduce New Instructional Videos for Potential Homebuyers

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Salt Lake City, UT (PRWEB) January 02, 2014

The process of buying a house can be overwhelming and stressful, especially for individuals that are new to the process. With fluctuating rates and increasingly tighter restrictions, home loans in Salt Lake City have become more difficult to acquire and understand. In an effort to eliminate confusion and assist their clients, Superior Lending has introduced helpful and instructional videos on their website. These videos cover the lending process and the steps individuals need to take in order to find themselves in a new home. They also designed one specifically to assist first time buyers and help them navigate through a plethora of information.

The loan process instructional video takes potential buyers throughout the entire process. It starts with the importance of meeting with a processor and finding out what type of loans and rates they can qualify for. The video allows Superior mortgage brokers in Utah to explain how to create a mortgage plan and goes through all of the necessary documentation. The pre-approved stage and having the home under contract are also covered in the video, providing a well-rounded and informational resource for individuals looking to buy a home in the current market.

A second video caters specifically to first time homebuyers. Commonly asked questions are addressed including how much a down payment should cost, the rates and monthly payments, and the different types of loans. It offers helpful tips and explains why they’re important. The company suggests working with a realtor, as the seller pays their commission and they can often negotiate the price down. They also explain the strict standards of banks and lenders. For example, they go over the importance of keeping money in a bank account so that it can be used towards a down payment. Lenders will look back on bank statements for large deposits in order to see if individuals are borrowing from someone else.

Acquiring home loans in Salt Lake City can be a long and difficult process. The professionals at Superior Lending want to make it as easy as possible for their clients, so they created these videos as an educational resource. Providing the background knowledge allows homebuyers to make more informed decisions, while eliminating a lot of the stress that accompanies getting into a new home. For more information about their services, or to get in touch with a lender, visit http://www.mortgagesbymiles.com/.

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