First-Time Home Buyers Guide
Being a first-time homebuyer can be overwhelming. At Home Point, we want to help you make the process as easy as possible. We have included some tips to assist you with the process:
Determine how much you can afford
Calculate how much you can afford each month for the principle and interest, but also figure out how much you have for a down payment and closing costs.
Understand your mortgage options
There a number of variables that can affect your monthly payments - the size of your down payment, etc. Review the types of loan programs available to you based on your financial situation.
This is one of the most important steps in the home buying process. It informs you about what loan terms you can work with and it reflects your commitment to the process. In addition, most real estate agents will require a pre-approval before they begin helping you shop for your first home. To obtain a pre-approval, you typically must provide the following:
- Available Assets
Find a real estate professional
Seek out a trusted real estate agent who will confidently guide you through the home buying process. They will set up viewing appointments on your behalf and provide you with information about the homes in which you are interested. Your real estate agent should be knowledgeable about your area so they can provide information about schools, crime rates, transportation, etc.
Find the home of your dreams and make an offer
Once you've selected a real estate agent, it's time to find your dream home! When you do, your real estate agent will walk you through the process of making an offer. Once your offer is accepted, it's time to begin the loan process.
Call Home Point Financial to start your loan process.
Now it's time for the team at Home Point Financial to spring into action! We can help make the loan process as seamless as possible so that you're able to take the final step: moving into your new home!
Purchasing a home is a major investment and an exciting time. Let one of our experts help you ensure you have everything ready to begin the process. Contact us today!