“Ask Your Mortgage
What Every First-Time
Home buyer Should Know and Expect When Buying A Home
First, let me assure you that money is still
available. There is also 100% financing still
available. Knowing how much you can afford is the first real
issue that you need to discuss with a Certified and Licensed Mortgage Professional. Knowing what price range you can afford and getting pre-approved will help
you shop for the right home. So the first item on your list is
to be pre-approved for a mortgage loan. This means working with
a Mortgage Professional that evaluates your entire financial situation and gives you a letter of pre-approval
for you to use in the shopping process. This really is the most important step in the process and needs to be
done before you start shopping for a home. Skipping this vital
first step, you will have no direction on the price range and location of which properties you can really
Second, you will need to find a reputable and
. Working with a local
® is also very
important. They are familiar with neighborhoods, school districts and
other important aspects of your area and you will need their expertise when purchasing your first home.
Finding The Perfect
Shopping in your price range will
help you narrow down the possibilities and ensure that you find the home of your dreams with an affordable mortgage
payment. Buying a home is the single largest financial transaction you
will do you in your lifetime. Take your time and find the home that
best fits you and your family’s needs today and in the future. Think
about the future, buying a home is a long-term investment. Think about
your short term and long term goals. How the house will fit into your plans?
While there are many loan
products on the market today, you need to know which option will best fit your individual financial needs. FHA,
USDA, VA, or Conventional, all of these mortgage products are good
programs, however you need to know which option will best fit your individual financial needs. Determining the right mortgage strategy will be big part of which option will
best fit your personal financial goals. Keep in mind when inquiring
about a mortgage not all lenders offer all loan programs. If the
lender does not offer all loan programs how do you know you are getting the right mortgage loan for your individual
situation. Working with a Mortgage Professional will help you
understand each option and the benefits of each program.
Seller Paid Closing
Sellers can pay up to six percent
of your closing costs for many of the loan programs available. This offers you the opportunity to bring less money
to closing. This also allows many first-time home buyers the opportunity to purchase a home with little money out
of pocket. With so many homes on the market today, this is also an incentive to buyers to look at a property
offering seller paid closing costs. It can also be a deciding factor of which home they can really afford.
the loan process and the home buying experience is new to all first-time home buyers working with Professionals in
all aspects of the home buying process will ensure that you are guided and helped in each step in the
process. Buying a home takes time and patience and with the help of
both your REALTOR
and your Mortgage Professional you
will find your perfect home.
Mortgage Professional, I am committed to achieving affordable, responsible and sustainable homeownership to the
homeowners of our community. Continued growth in our community depends on a solid foundation of homeowners.
Owning a home is now more obtainable and affordable than ever before. Call me today to qualify for your home
mortgage. I can recommend a qualified and knowledgeable REALTOR
® to start you home buying experience.
If you have questions or comments please email them
today at 573-302-0600
Andrew W. Conner NMLS # 245474
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