One of the scarier parts of the home buying process is the mortgage, it is just such a huge financial commitment. But you must remember, big risk big payoff. When you take on the responsibility of a mortgage and get to the end of the tunnel, you are that much wealthier for you and your family. That is an incredibly worthy award for the scare of a mortgage! What is a mortgage? A mortgage is the borrowing of money (loan) secured by a real estate property (mortgage). You can obtain your mortgage loan from banks, credit unions, and mortgage broker. You start by submitting an application detailing your income, assets, and debts. Once the loan officer has all the information, they look at what financing option is best for you. Your application then goes to an underwriter and the institution decides how much they are willing to lend you. This is preapproval. Next, talk to your loan officer about specific packages they offer. Shop referrals not rates! Even though there are a lot of number

Now that we have made the decision to buy your first home, scary I know-time to find a real estate agent to help you do it! What does a real estate agent do for you exactly? They are your market consultant, home guide, your liaison for other partners in the home buying process, negotiator, and the closer. They wear a lot of hats, for this reason it is a very good idea to have conversation with them and get to know them as a person and as a professional. Here are some great questions to ask them: 1.       Why did you become a real estate agent? 2.       Why should I work with you? 3.       What do you do better than other real estate agents? 4.       What process will you use to help me find the right home for me? 5.       What are some mistakes that you think people make when buying their first home? 6.       What are common things that go wrong in a transaction and how do you handle them? 7.       What other professionals do you suggest we work with and what ar

A person’s firsts are so iconic-your first car, your first kiss, and especially your first home. It is the most memorable and equally terrifying experience for buyers. You can ask any buyer, even if the process is the same for buying each house there is no time quite like the first time. One of the biggest reasons to purchase your first home is to start building your wealth. What are some fears about buying your first home? I can’t afford to buy a home right now. I should wait until the real estate market gets better. I don’t have the money for the down payment. I can’t buy a home because my credit is not good. I can’t afford to buy my dream home. I should wait to buy a home until I get married. Buying a home seems way to complicated. You can’t afford to not buy a home right now. If you don’t own-you rent right…and you will pay less owning a home monthly than renting with tax savings. There is never a wrong time to buy the right home. Real estate is a long term investment and tryi