
Reduce Your Moving Stress: Six Packing Hacks You Need to Use
It’s hard to believe, but most people who responded to a survey about moving said they felt that moving was
Ready to buy your first home? Congratulations! Buying your first home is an exciting step toward a more secure future. As experienced mortgage professionals, we’d like to offer you these 5 smart tips for first-time homebuyers to help you get off to a strong start with your home purchase.
Making your down payment is an important factor in what you can afford when shopping for a home. While 20% is the normal rate for a down-payment, several programs offered at CityWorth Mortgage have little to no down-payment! For instance, with an FHA loan, you can pay as little as 3.5% down. Saving up for your down-payment or pre-planning for how you will afford it is crucial when preparing to purchase your first home.
Knowing an estimate of your monthly payment, as well as how much you qualify for, will help to determine the price range. To get the most accurate number, contact us today to speak with a mortgage professional about your options and get pre-approved. It’s easy to get started too! Begin the process online on or call – either way, getting pre-approved is a smart start to buying your first home.
Your credit is a key factor in a home loan approval. It also determines both your interest rate and possibly the terms of your loan. Look for opportunities to raise your credit score, such as paying off debt. Speak with one of our mortgage bankers about what you qualify for with your current credit score, and what you can do to raise it if you choose.
Don’t forget to add in closing costs! We can help you calculate the cost of closing expenses, such as homeowner’s insurance, home inspections, and title searches. You can also ask the seller to pay for your closing costs!
A single-family home may seem ideal, but if you prefer less property maintenance and extra amenities (and you don’t mind a homeowner’s association fee), a condo or townhome could be a smarter choice.
These 5 smart tips for first-time homebuyers will have you on the highway to homeownership. Ready to take the next step? Call us today or apply online to get started!
It’s hard to believe, but most people who responded to a survey about moving said they felt that moving was
It is common to think that the asking price of your home is the only thing you can control to
Buying your first home can be an exciting experience, but it can also be confusing and overwhelming. There are a