10 Tips for First Time Home Buyers

You know what is required to qualify for a home loan, but you can increase your chances of being approved.

As an online mortgage company we can provide you – as a first time home buyer – unique insights into how you can get a loan as easily as possible.

Here are some tips every first time home buyer should know:

Preapproval

Getting pre-approved will give you an edge in the whole process. You can get your preapproval through us right now. Talk to our advisors and learn about the different types of preapprovals.

Provide as much information as possible

Choosing the right loan according to your true financial status is important. Provide as much verifiable information as possible to us so that we can work out only the best deal for you.

Take an interest in interest-rates

Just as we take an interest in giving you the most, you should take an interest in the interest-rates. Remember: this factor will be a big determinant of your repayment, and Interest rates change on a regular basis.

Build a clean credit history if you don’t have one

A good credit history is important in showing lenders you are a good candidate. Worried about your history? Message our advisor right now, and talk to us about what can be done.

Do not overextend yourself

Size of your loan cannot be more than 95% of the value of your home which means you have to pay 5% yourself. Leave yourself some space by not extending your loan to the max.

Avoid ruining your credit history during the term

Our advisors regularly tell first time home buyers to not make any extravagant purchases or sudden job changes.

Learn how to compare mortgage rates

Our specialists will help you do this, and help you understand how mortgage rate comparison is done.

Look for a lender who is flexible

A bank provides you with limited options and home buying specialists such as ourselves, will be more flexible. You can get in touch with us at buying-my-first-home.com to know more.

Think practically when selecting your home

We want to make you happy; so when it’s time to give a reality check, we will. So, before buying a property, we highly recommend you to think practically. When we feel you’re not doing so, your advisor will give you a little nudge.

Discuss mortgage options

If you choose to work with us, we will thoroughly guide you through all types of mortgage options available and what they mean specifically for you. We care for each and every client and want to provide the best mortgage options for you.

Why work with us?

  • We have years of expertise
  • We are a risk-free option
  • We provide a personalized service
  • We take an interest in your well-being
  • We follow through our promises
  • We believe in absolute transparency
  • We pride ourselves on being flexible
  • We will provide you service tailored to your needs
  • We understand and protect your privacy
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Ready to start shopping for your home?