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When Buying Your First Home


The process of searching for a home can be complex, confusing, and overwhelming, especially for first-time home buyers.  From negotiating the contract, financing, closing and moving, working with me will certainly simplify and ease the process.

  1. During your initial consultation, I will help you determine your price range as well as the style, size, features and location of the home that best suits your needs. I will be able to answer any questions you may have.
     
  2. I will compile a list of the homes meeting your criteria and arrange a time to show you the ones you wish to see.
     
  3. When you are comfortable and ready to make a purchase offer, I will present your offer to the seller through their agent and help negotiate the final contract.
     
  4. After I have walked you through the closing process, you will receive the keys to your new home!

 

Loan Qualification

Prequalifying for a loan is important, especially for first-time home buyers. An initial consultation with a local lender can help you determine the maximum mortgage and monthly payment that you qualify for, based upon the following factors:

  • Gross Annual Income
  • Amount of down payment
  • Savings and investments
  • Monthly debt
  • Credit history
     

Mortgage Basics:

  • Average home payment is 30% of monthly income.
  • The most common form of financing is a 30-year fixed-rate conventional loan.
  • Minimum down payments vary from 0 – 20%, depending on the borrower’s qualifications and type of financing desired.

I can help you in finding a lender and loan to meet your needs.

 

 

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