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Buying Your First Home
Congratulations! You have made the very first step toward home ownership. We will coach you through the process of preparing for your new new home. The most important thing to remember is to keep your eye on your goal.
There are a few things that you should consider:
1. Credit: How much should I have; how good should it be; and is mine good enough?
2. Monthly Payment: How much monthly payment am I comfortable making?. We may be able to offer ideas to help raise your comfort level with the mortgage payment.
3. Income: Is my income adequate to qualify for the monthly payment?
4. Down payment and closing costs: Do I have enough money to cover the required down payment and necessary closing costs.
5. Assets: Do I have the additional assets to qualify and be able to make the monthly house payment in the event of some unforeseen circumstance?
6. Tax benefits of Owning a Home: How much will Uncle Sam help me with my house payment? Will this help my comfort level?
Our goal is to make you as informed as possible so that you are comfortable with your decision to purchase a home. We want to help you eliminate the stress you feel when purchasing your first home and to be sure you choose the mortgage that's right for you.
Often the first time homebuyers look for their home prior to consulting with a lender. This is a mistake because:
- You miss your best opportunity to eliminate stress
- You may get excited about something you can't afford.
- You may purchase a home for a lesser value than a knowledgeable loan officer could approve for you..
- You miss the opportunity to gain more power as a buyer.
- Worse yet, you may miss out on your dream home by not knowing what you truly are qualified to buy.
Our recommendation? Call or email us to get answers.
R.E. Opportunity Network
3160 Crow Canyon Rd. #300
San Ramon, Ca.94583
Phone 925-330-6484
Fax 925-362-0849
