Buying our first home in the next few months, I’d like to find useful/helpful information about?

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Finding the best deals, best areas, diferents types of loans, credit and everything else that we need to know before making this big step. Is there a way to find some free counseling in our area about buying a house for the first time?

  1. Reply
    July 21, 2011 at 2:15 am
  2. Reply
    July 21, 2011 at 3:12 am

    You have many choices to talk with someone about all of the above questions that you have. You can contact your local bank and the mortgage specialist there should be able to help you with most of the answers to your questions. You can also try contacting a mortgage broker who will be able to assist you with all of the answers to your questions. A mortgage broker will probably even be able to refer you to a qualify Realtor to help you find the “right “home in the “right” area. Your third option is to contact a HUD counseling agency in your area. They should be able to help you or direct you to someone who can answer all of your questions as well. Here are a few quick tips on looking to buy a home:

    If you have children schools should be one of your top concerns and also home functionality should be your other top function. Sit down and make a list of what you need out of your home. For example if you have a family of 5 then a home with 2 bedrooms will probably not be a good idea. If you have 3 teenage daughters a home with only 1 bathroom will probably not be a good idea either. Make out a list of absolute needs that you can not settle for less than and a list of wants as well so that you know what the most important items are that you need from your home before you begin looking. Just because you are pre-approved for a certain amount for a home does not mean that you should buy a home for that amount. Sit down beforehand and figure out your budget so that you can continue to live the lifestyle that you enjoy and are accustomed to. Too many people now-a-days stretch themselves to thin and create financial and personal troubles from buying more house than they should have. Figure out a payment that is reasonable for you and let your mortgage agent know this is where you want your total payment to be and see where that puts you in terms of how much house you will be able to afford. I have listed 2 pages in the sources, one for more tips on buying a home and the other for a simple mortgage calculator for you to play around with. Best of luck. Check out my Yahoo 360 Profile if you would like to contact me for more information and assistance.

  3. Reply
    Lainie L
    July 21, 2011 at 3:24 am

    Yes. A Realtor.

    Hiring a realtor as a buyer doesn’t cost you anything. It’s all free advice. They will also put you in contact with a mortgage specialist who will work with you in finding a loan and figuring out what you can afford and estimating a payment as well as providing a pre approval.

    A lot of people think that if you seek out the advice of a Realtor you have to buy. This is not true. Find someone and sit down with them. They will show you what is available in the criteria you want and you can go from there.

    Good Luck!!

  4. Reply
    July 21, 2011 at 3:39 am

    Your very first step is to consult with a mortgage loan consultant to determine the financing and what you qualify for. It is best to use someone that has had a good experience with one and not just someone you don’t know. Ask your friends and family who they used and if they were happy with them. This is probably the largest investment you’ll ever make so do the research and get someone who will care about you and not just closing a loan.

    Once you know what you qualify for, then you can focus on what type of homes are available in that range.

    Most mortgage consultants should give you a free evaluation without charging you. If you’d like to talk more or a free consultation email me and I’ll be happy to help you.

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