Home Buying Tips

Are you tired of renting? Wouldn’t you love to own your own home? Not sure how to get started? Let us help you!!!

Here are some things you should know before starting the home buying process.

Mortgage companies tend to give the best percentage rate when your credit rating is 680 or above. However, some mortgage companies can work with you if your credit rating is 580 or above. Is your credit stopping you from becoming a homeowner? Check out our Credit Repair page.

Typically a deposit of 3-3.5% is required for an owner occupied building for a single family home or a multi unit home with no more than 5 units. However, there programs in which you can purchase a home with no money down.

VA loan is a usually no money down.

Some first time home buyers can get a no money down loan.

Sometimes cities and/or employers may have something for first itme homebuyers that would be no money down.

Fixed Mortgage rates vs. Adjustable Mortgage rates.

A fixed mortgage is a mortgage where the interest rates stay the same. Whereas an adjustable mortgage interest rate varies throughout the life of the loan.

Here is a printable checklist for you.