AT HOMES AND LOANS,
WE LOVE FIRST TIME HOMEBUYERS!
The first step is to talk to a mortgage lender.
Before you start looking at houses, contact a mortgage lender to qualify for a mortgage. The lender should look over your income and asset information, and check your credit. The mortgage calculators online are not a substitute for this important part of the process.
Many people assume that the bank or credit union where they have their checking account is the best place to obtain a mortgage. The size of the bank , or the nice building is NOT important. The fact that you have had your checking account there for 4 year does NOT help you get a better rate or better service.
Often borrowers get lost in the shuffle of a big bank or credit union.
At a bank, your loan may be one of 50 loans 'in the pipeline' of a mortgage loan officer, and your loan may by processed by many different people, who may or may not care about your mortgage.
Credit unions are notorious for being slow to close a mortgage.
The basic 'rules' for mortgages come from the same source no matter where you apply for a loan. Most banks add more rules on top of the 'normal' rules. For example, the normal rule is that you can get an FHA loan 2 years after a bankruptcy, but some banks require 7 years.
As a broker, I have access to many lenders who don't make up their own rules and offer lower rates and fees.
The person you deal with is even more important than the name of the company they work for. No matter where you get a mortgage, plan on some frustration during the process. All the more reason you need a good mortgage person to minimize the frustration and get the job done.
It is difficult to know who is an excellent mortgage lender vs. being a slick salesperson. The best you can do is ask for references, and ask how long they have been in business and how long it takes to close a loan currently.
I have over 20 years experience and can provide you with references.
Having one company do your mortgage and help you find the right house may seem out of the ordinary (it is), but there are only advantages for you! It's very convenient, and will save you $$.
At Homes and Loans, your mortgage will be processed quickly, AND you will save money!
You will be in good hands.
Let's talk about the fun stuff... looking at houses !
In the old days, you would ask a realtor to line up several houses, and then you'd go look at them. Technology has changed everything.
Most people start by looking at houses online months before they plan on buying a house.
To make your search easier, I will be happy to help you set up an automated search for houses that meet your criteria.
Once you are serious about looking at houses in person, find an experienced buyer's agent who will look out for you, and who you feel comfortable with.
Why a buyer's agent?
Because the listing agent works for the seller, not you!
Once you have identified some houses you'd like to see, then set up a tour of them with your agent, not the listing agent. Nothing replaces actually getting out and looking at houses in person. You may look at 2 houses, or you may look at 20, but when you walk into YOUR house, you'll know it.
Allow me to be your buyer's agent! I will answer any questions you have and help guide you to the right house for you. I will not be pushy, like some realtors I've known. This is your home search, and I am your facilitator and guide.
If you have a parent or someone else whose opinion you trust, bring them along to see the house.
Once we find the house you like, then I go to work negotiating for you and handling the other things that need to be done, such as the home inspection, getting the mortgage processed, etc.
If you are ready to start this process now, please contact me and I'd be glad to help you!
I love helping first time homebuyers!
It's the best part of my job.
More important than the savings, we have your best interest in mind. We have worked with many first time homebuyers, and some have been kind enough to write a testimonial.