If you are a first time buyer, you’re likely to have many questions about buying your first home. How do we start looking for a home? How much money will we require to purchase the home? How much will the mortgage payments be each month and can we afford it? How does the whole home buying process work and what can we expect along the way? These are just a few of the questions you’re bound to have at the beginning of your exciting journey to buying your very first home!
We can provide the answers to your questions and walk you through the entire process, from viewing potential homes, to making an offer, to receiving the keys! Although buying your first home can be overwhelming, you can be confident that we will be available to help you every step of the way. We can make buying your first home simple and straightforward, eliminating any confusion and doubt and allowing you the opportunity to enjoy your first home, worry-free.
Here are some tips to help you with the process of becoming your own landlord:Prequalify for a loan
Being prequalified for a loan determines how much house you can afford. It also allows you to move more swiftly when you find the right house, especially when you aren’t the only interested buyer. So reach out to your Mortgage Broker or Financial Institution and get started. Shop for mortgage rates and terms
A difference of even half a percentage point can make a huge difference in how much you pay over the life of a loan. For example, the difference in the monthly payment on a $100,000 mortgage at 4.5 percent vs. 5 percent is about $27 per month. Over 25 years, that’s $8,100.Using a Buyer's Agent
A Buyer's Agent is legally responsible for representing the buyer’s interest in a real estate transaction.
The buying process can be complex & stressful - which is why having a pro by your side can make all the difference. You're a buyer, so you should have a buyer's agent to assist you every step of the way on the road to home ownership! Let Team Hooge be your guide!