Determine how much of your current home you actually own. In addition, there have been some changes in the process since you bought your last home - we’ll highlight those here.ġ.

Well, consider this a refresher course for your very specific set of needs. Rather, it was just a blur of people, paperwork and hand cramps from signing your name and initialing the corner of documents for so long. If you’re like most people, you don’t have a photogenic memory of what the experience was like. Some years ago, you bought your first home. But by following these tips, you will soon discover and enjoy the comfort that a home provides.ĥ Things to Consider if You’re Buying A New Home for the First Time In While The financial and emotional investments involved with purchasing a home are a challenge. Becoming prequalified for a home loan positions you to make a smart decision over an emotional one.īuying a home is a daunting decision. It’s not nearly as much fun as looking at houses. Homeowners are often afraid to become prequalified for a loan. In some areas, the amount you pay for taxes and insurance escrow can almost double your mortgage payment. It’s important to check out the costs of property insurance, taxes, homeowners association, and maintenance dues in your desired neighborhood. Of course, your mortgage won’t be your only financial responsibility. Here are a few sources where you can get a glimpse of your credit score. While there are no strategies to immediately improve your credit score, you are able to correct it by identifying its shortfalls, all in time to make a meaningful impact on your home purchase. Having the best credit score possible is advantageous when purchasing your home loan. Just enter in how much you can comfortably afford each month for a mortgage payment to get a glimpse of what your monthly payments would be if you bought today. You can do this using our mortgage calculator. You may also get in touch with us as we have plenty of mortgage bankers that are willing to help.Īfter you get an idea of housing costs in your desired area, it’s really important to determine how much you can actually afford. You can do a quick search of actual multiple listings service (MLS) in your area on a number of websites including the National Association of Realtors. Your first task is to look around at the kind of houses available in the neighborhood you’re interested in. Where do you start? What’s the process like? Am I really ready to do and own this thing? Here are 5 quick points that will help you through the process of making the biggest single investment of your life.

The thought of writing another check that’s not going towards your financial future is too much. I would defiantly recommend Dan and his team at Sente mortgage to get you the financing you need to get you into a home or even a “refi” if you need it.5 Things to Consider When You’re a First-Time Homebuyer All the while the interest rates were going up and up and investors were buying up all the properties that we were looking at. There were a couple of hiccups along the way but we all got through them and closed without issue. I’m not going to say it was easy and that all went well. My wife had never been through anything like this and it was a while back since I had purchased one so we were basically amateurs at the entire process.ĭan got everything going with his team and April churned through the red tape and slush with the down payment assistance and other things we were needed to get us into a house with payments we could afford without going under financially. He was “too tired and too old to be a landlord.” I got the recommend from our realtor to work with Danial at Sente mortgage and was not disappointed. We were renting a condo with the intention on moving about 1 or 2 years later after saving up more money for a down payment when the landlord called and said that he wanted to sell. I wanted to start this review off with the premise that we were just flat not ready to move financially.

Sente mortgage reviews