This is the #1 mistake. If you call an agent first, they will pass you on to their “mortgage guy”. Then this “guy” will make a snap decision on whether or not they will work with you. That’s why Get Mortgage Ready is in business. We make sure your 1st impression is so good that they covet your business.
Owning a home or renting an apartment comes with expenses. However, if you take the time to compare the cost of renting an apartment versus being a home owner and gaining equity, you may be surprised.
You don’t need 20%. There are 0% programs and others as low as 3.0%.
digging. Remember, it’s not just about getting approved; you want to be approved at the best rates and lowest payments.
This might be the 2nd biggest mistake. Choosing a “friend” is often not the way to go. There will be some tough conversations along the way and a friendship often gets in the middle. We have dedicated 1st time buyer specialist who are not only accountable to you, but also us!
Ouch. A pre-approval is nice to have however; there are many hurdles you still have to overcome to get the final approval. Many 1st timers have lost thousands of dollars AFTER they received a pre-approval. That’s why having a dedicated Advisor (like us) guiding you each step to avoid these issues.
Credit can be improved fast. Student loans are a heavy burden but there are strategies to lessen their impact. Get Mortgage Ready helps you address each of these issues in advance – making your home shopping less stressful.