If buying your first home seems like an intimidating task, don’t worry—we’re here to help.
Here are some basic guidelines to follow as you make your way through that daunting world of homeownership:
What Every First Time Home Owner Should Know
Finding an Agent to Represent You
The first thing to do when beginning your search for your first home is to find a real estate agent who will help guide you through every step of your process from start to finish.
Understand How Much You Can Afford
When deciding how much house you can afford, it's important that buyers research all available mortgage loan programs, interest rates and closing costs in order to make sure they are on track with their budgeted financial goals.
Types of Mortgages to Consider
There are many different types of mortgages and lenders out there today, so it's important that buyers take some time to learn about what these loans have to offer.
Understand Title Insurance & Escrow
Understanding escrow and title insurance are very important in making sure that buyers feel comfortable when signing off on their home purchase by providing them with assurance that there will be no hiccups along the way.
Pre-Approval vs Pre-Qualification
Making sure to get pre-approved before searching for your first home is an excellent way to set yourself up financially so that you know exactly how much house you can afford as opposed to having to rely on what may seem like more loose guidelines through pre-qualification programs offered by lenders today.
First Time Homebuyer Programs & Down Payment Assistance Programs
There are many different types of assistance out there for buyers these days including low interest rate down payment loans, grants and other mortgage programs designed to help families achieve their American dream of homeownership.