![]() Most of us to don’t own our houses completely when we turn our attention to an upgrade. Determine how much of your current home you actually own. In addition, there have been some changes in the process since you bought your last home - we’ll highlight those here.ġ. Well, consider this a refresher course for your very specific set of needs. Rather, it was just a blur of people, paperwork and hand cramps from signing your name and initialing the corner of documents for so long. If you’re like most people, you don’t have a photogenic memory of what the experience was like. Some years ago, you bought your first home. But by following these tips, you will soon discover and enjoy the comfort that a home provides.ĥ Things to Consider if You’re Buying A New Home for the First Time In While The financial and emotional investments involved with purchasing a home are a challenge. Becoming prequalified for a home loan positions you to make a smart decision over an emotional one.īuying a home is a daunting decision. It’s not nearly as much fun as looking at houses. Homeowners are often afraid to become prequalified for a loan. In some areas, the amount you pay for taxes and insurance escrow can almost double your mortgage payment. It’s important to check out the costs of property insurance, taxes, homeowners association, and maintenance dues in your desired neighborhood. Of course, your mortgage won’t be your only financial responsibility. Here are a few sources where you can get a glimpse of your credit score. While there are no strategies to immediately improve your credit score, you are able to correct it by identifying its shortfalls, all in time to make a meaningful impact on your home purchase. Having the best credit score possible is advantageous when purchasing your home loan. Just enter in how much you can comfortably afford each month for a mortgage payment to get a glimpse of what your monthly payments would be if you bought today. You can do this using our mortgage calculator. ![]() You may also get in touch with us as we have plenty of mortgage bankers that are willing to help.Īfter you get an idea of housing costs in your desired area, it’s really important to determine how much you can actually afford. You can do a quick search of actual multiple listings service (MLS) in your area on a number of websites including the National Association of Realtors. Your first task is to look around at the kind of houses available in the neighborhood you’re interested in. Where do you start? What’s the process like? Am I really ready to do and own this thing? Here are 5 quick points that will help you through the process of making the biggest single investment of your life. The thought of writing another check that’s not going towards your financial future is too much. She loves to go hiking with her youngest pup and can spend hours out in nature, it’s her calm place.ĥ Things to Consider When You’re a First-Time Homebuyer Kenzie Lowegard In her spare time she likes to spend time with husband and two fur babies, she enjoys travel and loves trying new restaurants. Kenzie Lowegard graduated from Arkansas Tech University, completed the Lonoke County Leadership Course of 2019 and was named “Favorite Mortgage Lender in Arkansas” by Arkansas Life magazine, 2019 edition. Kenzie is part of the Cabot Chamber of Commerce, Sherwood Chamber of Commerce, North Pulaski Board of Realtors and a Young Professionals in Networking. Her hard work, dedication and extra time spent with her customers helped her achieve this goal. ![]() In her 5th year as a Mortgage Lender she reached a goal she had set out to do since she started. One of Kenzie’s proudest moments would be when she was recognized as a top lending producer for the 1st quarter of 2019. She specializes in ADFA Down Payment Assistance Programs, VA, USDA, FHA and Conventional financing and works with an assortment of experience levels from first time home buyers to customers who are purchasing vacation homes or multiple investment properties. Kenzie works diligently to ensure all customers understand the lending process and are comfortable as well as keeping all third parties updated throughout transaction. She worked her way up the ladder from teller to branch manager in retail banking but found her calling in a Mortgage Lending early on and has never looked back. Kenzie began her career in banking in 2010 and from the beginning she always knew where she wanted to land.
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