Nervous about your property adventure? Don’t be. Whether you're getting ready to buy, in the middle of it, or just looking for some answers, our top-notch skills ensure you get the best experience possible. It’s what we love to do. Being a homeowner comes with many advantages. A mortgage payment combined with property taxes and insurance is often the same or only slightly more than monthly rent. And, you will be building equity with each payment and your payments will be offset by tax savings from mortgage interest deductions, which constitute most of the payment in the early years of a mortgage.
If you plan to finance your home purchase, it’s crucial to start the mortgage loan process well before looking for a home. Talk with a loan officer to review the types of loans that are available and/or applicable to you and compare rates. If you are a first-time homebuyer, you may have the potential of qualifying for mortgage programs with little money down, low interest rates or federal programs that give beneficial rates. By having good credit history and a limited debt load, you should gain a better loan rate. However, if your current credit score is less than ideal, ask your financial representative how to improve your score and earn a better rate. Once you’ve chosen a loan and lender, it’s important to get preapproved and obtain a preapproval letter. To do so, a loan officer will need to review your credit files and discuss exactly how much you can borrow.
Buying a home is one of the largest investments you will ever make. A real estate professional can research homes that specifically meet your criteria and provide access for you to preview homes, helping you narrow down your list of potential properties. Homes differ and so do contract terms, financing options, inspection requirements
and closing costs. When you’re ready to make an offer, a real estate professional can assist you with negotiations, and guide you through the process once your offer is accepted.