• Menu
    701-852-3505 | 800-735-4065
  • Minot Area Open Houses

SIGNAL REALTORS | MINOT HOMES FOR SALESIGNAL REALTORS | MINOT HOMES FOR SALE

The largest independent locally owned Real Estate Company in Minot, ND. For all your real estate needs, contact us today.

  • Menu
  • Meet Our Team
  • Search
    • Listing ID
    • Address
    • Advanced Search
    • Map Search
  • Communities
    • Minot Homes For Sale
    • Bottineau Homes For Sale
    • Burlington Homes For Sale
    • Garrison Homes For Sale
    • Glenburn Homes For Sale
    • Granville Homes For Sale
    • Lake Metigoshe Homes For Sale
    • Lansford Homes For Sale
    • Mohall Homes For Sale
    • Surrey Homes For Sale
    • Stanley Homes For Sale
    • Tioga Homes For Sale
    • Velva Homes For Sale
  • BUYERS
    • Open Houses
    • Home Buying Process
    • Financing
    • Moving Check List For Buyers
    • Utility Contact Information
  • SELLERS
    • Seller Tips 101
    • Getting your home ready for market
    • Moving Checklist for Sellers
    • Utility Contact Information
  • Contact
    • About Us

Financing

Why Buy? PDF print version 

Buying a home can save you money! You will save on taxes because the interest on your mortgage is tax deductible. If you are renting, your landlord benefits from this tax savings. For example, a portion of your rent check ends up going toward your landlord’s mortgage interest and property taxes. Your landlord will be able to deduct this on his/her tax return but you, as the renter, will receive no tax break.

As a homeowner, you would be able to deduct the mortgage interest and property taxes on your own tax return. Since interest is always highest during the beginning years of the loan, your deductions will be largest during this period.

How Much House Can you Afford?

You will first need to determine how much home you can afford or what payment you are comfortable with on a monthly basis. By contacting a lender, you can learn about various mortgage loan programs and interest rates. If you do not have a lender, a Signal REALTOR® can assist you in finding a reputable lender. The mortgage loan officer will be able to analyze your entire situation by calculating a debt-to-income ratio and getting your credit score.

Here is a list of Minot banks for your convenience:

  • First Western Bank & Trust
  • Prairie Federal Credit Union
  • Northern Tier Federal Credit Union
  • Affinity First Federal Cu
  • Dacotah Bank
  • Peoples State Bank
  • American Bank Center
  • United Community Bank
  • First International Bank & Trust
  • Cornerstone Bank
  • Town & Country Credit Union
  • Wells Fargo Bank
  • Gate City Bank
  • Bremer Bank
  • First International Bank & Trust
  • U.S. Bank
  • GEM Federal Credit Union
  • Ascentia Federal Credit Union

Mortgage Checklist

The following information is usually required during the loan process:

  • Your Social Security number
  • Current pay stubs or, if self-employed, your tax returns and W-2s for the past two years
  • Bank statements for the past two months
  • Investment account statements for the past two months
  • Retirement account statements for the past two months
  • Make and model of vehicles you own and their resale value
  • Credit card account information
  • Auto loan account information
  • Personal loan account information

If you currently own Real Estate:

  • Mortgage account information
  • Home insurance policy information
  • Home equity account information (if applicable)

© 2021 · Signal Realtors
701.852.3505 (office) | 701.852.5526 (fax) | 800.735.4065 (toll free)
1541 South Broadway, Minot, ND 58701 | signal@srt.com

Site designed by AAMP Agency

Log in