First Time Home Buyer

So you’ve found a home of your dreams and are on your way to being a first-time homebuyer. Only how are you going to pay for your new home? If you are like most Americans, you’ll need to finance your new home by getting a home loan—also known as a mortgage.

Applying For A Mortgage

When applying for a mortgage, it is important that you have a basic understanding of the process. Knowing what’s involved in the mortgage application process can make things a lot easier. Take some time to educate yourself.

Down Payment

A Down Payment is an amount that you will be putting down towards the purchase of a home.  The amount of your down payment will depend on a variety of factors, such as the amount of money you have saved for your home purchase and your current financial situation.

Pre-Qualify for a Home Loan

Absolutely! Even if you haven’t so much as picked out houses to visit yet, it’s important to see your mortgage professional first and pre-qualify for your home loan. Why? What can we do for you if you haven’t negotiated a price and don’t know how much you want to borrow?

Qualifying Ratios

Lenders use formulas called qualifying ratios to calculate how much of a mortgage you qualify for. These ratios are based on your gross monthly income, your housing expenses, and your long-term debt.

Selecting A Mortgage

Like homes, home mortgages come in all shapes and sizes: short-term, long-term, fixed, adjustable, jumbo, these are all terms that will soon be familiar to you, if they’re not already. There’s a mortgage out there that’s right for you.