The first step is choosing an agent that you are comfortable with and that knows the area. That agent should be able to help you with your mortgage process as well. The next step is getting a pre-approval and that should be done with a mortgage company that is known as reliable in the area so the Seller's agent recognizes it and feels secure.
You don't have to use the same company you got the pre-approval from to get your mortgage so that gives you the option to shop around for the best rate. I tell all of my clients to try Trident Mortgage Company, their bank and their credit union if they have one. When you are comparing mortgage companies make sure that you are not only looking at their rates but their fees as well. You need to ask for a Good Faith Estimate so you can see all the fees and compare the companies apples to apples. Even if the companies call their fees by different names a good agent will help you know what they are AND sometimes calling a fee by a certain name will help you write it off later.
I would be more than happy to help you with the entire process. Please feel free to contact me if you have any other questions.
Best of luck,
If you have more questions feel free to reach out.
Long & Foster Real Estate Inc
92 Lancaster Ave, Devon, PA 19333
Check out my contact details: http://www.nickvandekar.com
Read our blog at http://www.MainLineHomesBlog.com
PA License AB067198
Regarding a 15 year mortgage, I would give that much thought as your payments are going to be substantially higher. While it's true you will save much interest over the years, unless you are 100% comfortable with the payment you are quoted, I would consider the standard 30 year as you do not want to be house poor and gosh forbid something changes in your financial situation (eg, one of you are laid off from work, etc).
Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
Member, National Association of Gay and Lesbian Real Estate Professionals (NAGLREP)
Great way to start looking for your first home - getting clarity on the numbers and what to expect. That is one of the most important parts of my buyer consultation meeting. Let me know if I can be of assistance in helping you find the right house.
Coldwell Banker Preferred - Exton
Office: 610 363 6006
Cell: (484) 947 3127
Mary Robins, Keller Williams Realty
You have a number of different options (credit unions, mortgage bankers, mortgage broker, etc). I specialize him helping first time buyers and would love to speak to you. Please give me a call/email and I can point you in the right direction. In addition, if you are looking for current homes for sale, check out my website at http://www.pamainlinelistings.com.
Keller Williams Main Line Realty
720 West Lancaster Ave
Bryn Mawr, Pa 19010
Your Local Real Estate Expert
Providing Comprehensive Real Estate Services to Home Buyers and Sellers
I actually have been helping a few first time buyers this summer with finding a great home for them. I would like to get in touch with you tomorrow if that is ok with you so I can get a better understanding of what it is your looking for. I'm an agent at Coldwell Banker Preferred in Exton, and we actually have a great in-house mortgage rep that works for us. He could be a really good starting point for you. Your credit score shouldn't be a problem at all, and a low student debt won't be a big problem either. Please email me when you get a chance with other questions you may have, and we can set up a time to talk about how I can help you into your new home !! JNsellsPA@gmail.com Hope to hear from you soon, Take care