The biggest investment of your life so far
Being a First Time Homebuyer and owning your own home is the American dream made real. At the same time, it can be a nerve-wracking process, depending on your goals and your resources. Many First Time Homebuyer’s don’t understand the process, don’t know what questions to ask and don’t realize how long the process can take. It can be a drag, but it doesn’t have to be.
Now is the time to seek out an ally, a straight dealing pro who will give you all the facts you need. Realtors serve as your guides, and the best ones look out for your interests in selecting your new home. But they often prefer to stay out of the picture when it comes to financing. That’s when the personal touch of an independent mortgage lender can help.
Most First Time Homebuyers believe the process goes something like this:
1. Start looking online at houses to see what’s available and to research neighborhoods
2. Contact a Realtor through a friend or family member
3. Walk through a bunch of houses with the Realtor
4. Pick the house you love the best
5. Make an offer on that house
6. Apply for a mortgage loan at your bank or credit union
The best decision, however, starts with the last step. Before you even start hunting for that perfect house, get pre-qualified or even pre-approved, which do two very important things:
Once you’re pre-qualified, you’ll have a better idea which houses fit your budget. You’ll be better able to direct your real estate agent to those houses that fit your criteria. As a first time homebuyer you will have a more realistic vision of your immediate future.
Explore Your Options
As a first time homebuyer, you may believe that you have to get your loan through a bank or credit union. But that’s not the case. An independent mortgage lender often provides more options than a bank can. Shop around. See who gives you the best deal on a mortgage loan that’s right for your circumstances. You may be surprised.
Get good, professional advice for what to do and what not to do when you’re seeking to buy your first home.
Law requires that you be provided with this monstrous document when you apply for a loan. Here is a helpful summary of its contents.
Fantastic for a nervous first time home buyer! Zack was absolutely fantastic! Made the process so non-threatening. Was THE most responsive person ever. Never took longer than 2 hours to get back with any of my (million) nervous first home buyer questions. If you are a first time buyer or a seasoned home owner, Zack will do a phenomenal job getting you what you need at a great rate.”
CLOSED PURCHASE LOAN
“Being a first time home buyer, there are a million questions that go through your mind when considering the big leap of purchasing a home. Our first meeting with Zack was to discuss the process of obtaining a home loan and he explained everything efficiently, on a level we could understand. His search, on our behalf, for the best possible loan was an incredibly smooth process for us. We feel entirely confident he found the most optimum loan for us. Zack and his team provided excellent support on what information we needed to provide to submit for our loan application, allowing for a quick and easy process for loan approval. Even having an unexpected credit issue arise during the month of our closing, Zack explained our options and the best course of action, resulting in a successful home purchase! We highly recommend Zack and Prime Mortgage Lending, Inc for the best option in securing a home loan.”