Mortgage Lender, NMLS 843169
Call (281) 685-8215
HomeWay Mortgage NMLS 1588259
115 E 2nd St – Hallettsville, TX 77964
With the real estate market steadily improving, more and more first time homebuyers are purchasing homes and qualifying for mortgages. Have you been thinking about buying your first home? HomeWay Mortgage has put together a few tips to help you begin your journey to home ownership.
Affordability. One of the most important things you can do before beginning your search for a home is determining how much house you can afford. Be sure to consider variables like insurance, taxes and utilities when determining your maximum monthly budget.
Pre-approval. This step is based on your actual income, debt and credit history. Getting pre-approved for a loan from a lender like HomeWay Mortgage can save you from looking at houses that you cannot afford and also puts you in a better position when making a serious offer on a house.
Use a professional. The Internet is a wonderful thing, but as a new homebuyer, a real estate agent can help you navigate through the entire home buying process. Real estate professionals can predict fair market prices, are aware of up-and-coming areas and know which homes and neighborhoods to avoid. Their help is truly invaluable for a first time buyer.
Long-term needs. If you plan on staying in an area for less than three years, homeownership might not be the best option for you. Otherwise, be sure to consider your long-term needs before settling on a property. Wanting a family soon? Be sure the home you are looking for has great school districts. Are you a single car family? Your future property should be close to public transportation.
Clean up your credit. To help give you the upper hand on mortgage approval, make sure your credit report is squeaky clean prior to beginning your search. Giving yourself some time before you begin looking for a home can allow you to take care of any outstanding or unknown problems you may discover.
I am ready to help you through your journey as a first time homebuyer, so what are you waiting for? Contact me today to find out how much money you could be saving.