A ffew steps are:
1) Check your finances (talk to financial advisor, review credit score, debt level, etc.) and gather paperwork (proof of income, bank stamts, tax returns (last 2 years), etc.
2) Get preapproved from a lender (bank, credit union, or other). Thatâ€™ll tell you how much house you can afford.
3) Based on your affordability level (from preapproval), ask yourself what would be your dream home like and where (what locations) it would be nice for you, etc.
4) Hire a real estate agent to help you find your dream home and on how to go about buying it.
5) Check your schedule and plan your move (when current lease ends, or best time to move, etc.)
6) Start packing and get movers to haul your stuff into your brand new dream home.
We have a good network of professionals.
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In my opinion, you should apply for a FHA Loan. In this loan facility, the down payment requirements are lower than you expected. For instance, with the FHA program, the minimum down payment is currently 3.5%. If you are a First Time Buyer purchasing a home in a London "rural" area, so you can save your money and you can avoid the situations regarding heavy mortgage charges. You can also take help of Plaza estate firm to know more about the loan facilities.Consider talking to an exclusive buyer's agent right away so they can help guide you through the process and costs associated with buying a property.
The best place to start is to sit down with a mortgage professional to gain a better understanding of which price point you should start your search at. I always start my clients off on this step so they spend their time looking homes they can afford. It is important to understand the financial responsibility and buy within your means. I usually advise my clients to pick a local bank like Leader Bank or NEMoves Mortgage. A good mortgage broker will have their finger FHA programs and Mass Housing lending options.
Next find a buyer's agent that you feel comfortable with. Interview several until you find what you are looking for in an agent. Make sure they are a Realtor not just an agent and they work in the targeted neighborhood or town you are focusing your search. If you are looking in Boston you can even find agents that specialize in the micro markets like JP, South End etc. It is important to partner with an agent that is plugged in and does this as their full time business. Real Estate is a FULL TIME
Good luck with your search and there is still time to find something this fall.
John J. Dean Jr.
REALTORÂ® Community Observer, Certified Negotiation Specialist
617-844-2764 - Direct
203-305-0445 - Mobile
800-955-1813 - Fax
One option to avoid a costly down payment would be to apply for a FHA Loan. These loans will typically only require you put down 3 to 3 1/2 percent .
If you would like to talk more in depth, please give me a call on my cell phone.
Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for. You might find to your surprise that the down payment requirements are lower than you expected. For instance, with the FHA program, the minimum down payment is currently 3.5%. If you are a First Time Buyer purchasing a home in a Census Bureau designated "rural" area then you may qualify for a no money down USDA mortgage.
Your Local Mortgage Banker can guide you accordingly.
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker â€“ NYS Dept. of Financial Services
I live in Newton myself and specialize in helping first time buyers like you. Feel free to give me a call for a no-cost/no-obligation consultation and I can point you in the right direction.
You are not alone! Interest rates are so low that investing now is a great option. It sounds like you are just getting started which means figuring out how much you can afford and IF you can afford to buy a property of your own. Consider talking to an exclusive buyer's agent right away so they can help guide you through the process and costs associated with buying a property.
Territory.com, The exclusive real estate agency for First Time Home Buyer's
617 848 5407 x704
I would be more than happy to have a conversation with you and help you get the resources you need. In some communities, there are even grants available to help with down payments.
As an exclsuive buyer agent, all I do is help home buyers find and buy the home that is right for them.
Please call me at 617 447-0709 or e-mail me at firstname.lastname@example.org and we can set up a time to chat on the phone or in person about your specfic situation.
Gary Dwyer, Broker / Owner
Buyer Agents of Boston, LLC
Your first step should be to talk to a lender and possibly a financial planner, then an agent that can help you with the type of properties and areas that you are interested in. Please feel free to contact me for recommendations and of course we can act as your broker. We do not participate in dual or designated agency. You can find out more information about our company at http://www.fallonresidential.com.
Fallon Residential, LLC
Message me and I'll be happy to go into future detail and point you in the right direction.