Mortgages for First-Time Home Buyers
Owning a home is a big decision and getting off to a good start can make all the difference in the world. This is where we come in, we will provide you with all the information, tools, and resources you need to get prepared, determine your budget, and start shopping for your first home.
Are You Ready to Buy a Home?
Before you start shopping for your first home, prepare a simple budget, so you can figure out where most of your money is going on a monthly basis. It's not just the house mortgage and initial costs, there are other costs too including recurring monthly costs such as Utility bills. Moving can be expensive and you will want to build some equity before having to relocate. So you should exactly know how much you can afford to spend.
Get Pre-approved Before You Go House Hunting
Apply for a pre-approval, which in most cases is good for 90 days. This will draw a line for you, it will set your maximum mortgage amount and interest rates, so you can set your budget before house hunting. This also lets the seller know you are serious about buying a home, which in turn has a positive effect on your bargain.
Some Questions To Consider While Assessing Your First Home
- How many bedrooms do you need? Will one bathroom be sufficient?
- Do you work at home? If yes, do you need extra space for a home office?
- Do you have family members with special needs?
- Do you plan to have children?
- Do you have pets, or planning to have them?
- How much are the yearly property taxes?
- How much do utilities run each month? Does the house use gas or electricity for the furnace, water heater, and appliances?
- How old are the major appliances, and which are included with the house?
Which Mortgage is Right For You?
This is a million-dollar question and the answer could really be quite complex, so this is where we come in. We have a dedicated team of Mortgage Specialists who are trained in identifying the best solutions for you. Our team of professionals will work with loan providers to find you the best interest rates possible so you can comfortably afford your mortgage.
There are many mortgage programs available for First-Time buyers. We offer a stress-free and simple step-by-step process that helps you learn the entire process of first-time home buying. Our team of qualified professionals makes sure your first-time home buying experience becomes a pleasant one. With a full set of resources, tools, and mortgage options that fit your needs, you can achieve your dream of homeownership quickly and affordably.