Purchasing A Home
Interest rates are at all time lows. Buying a home today can save you tens of thousands in mortgage loan interest compared to rates as recently as a few months ago. Whether you are a first time homebuyer or a seasoned pro, call no to see how we can help.
Overview
Buying a home is one of the largest investments of your life and can provide many benefits. Some of the most common benefits to buying a home are:
- Potential Tax Deductions
- Lower Housing Payments vs Renting
- Freedom of Home Ownership
- Ability to Build Equity
- Investment
- Capital Gains Exclusions
Why Buy a Home?
Buying a home is the American Dream for many people. Most homeowners take pride in home ownership, feel they are investing in their future instead of throwing money away in rent, may qualify for tax deductions, and enjoy the benefits of making a home their own as opposed to the limitations of renting. There are many more reasons why home ownership can be more beneficial to renting as well. Contact us now to answer all of your questions.
What Are The Costs To Purchase A Home?
While it is difficult to answer that question without having a complete loan file in front of us, we can guarantee you our fees are very competitive with all of the top mortgage banks throughout the country. Factors such as loan type, property type (single family, 2-4 unit, > 4 units, etc…), loan amount, property location (city, county, state), and many other variables impact the costs of buying a home. For example, even fixed costs such as appraisal fees can fluctuate significantly based on the property type and location of the property.
What is the Process?
The process to a purchase loan is similar to refinancing:
Step 1: Speak with your personal mortgage lender Step 2: Provide your mortgage lender with your financial documents (W2’s, paystubs, tax returns, etc…) Step 3: Provide appraiser access to your home to have your appraisal completed. Inform the appraiser of home updates Step 4: Work with your personal mortgage lender to provide any additional documents needed/requested Step 5: Set up date/closing time to sign final approved home mortgage paperwork to complete your refinance Step 6: Thank your mortgage lender and send him an expensive lavish gift (just kidding, but hope you laughed)
Find the right mortgage lender for your next business deal
What You Get
A free, no hassle, no obligation consultation will be provided to anyone interested in refinancing their home with us. You will work with a mortgage lender who is professional, courteous, and understands the importance of keeping your personal information private and safe.