One of the most common questions first time homebuyers ask is, what’s all included in my payment? If you put less than 20% down, your mortgage payment will include 4 parts known as PITI:
When you are buying your home, you will hear a number of terms, some synonymous with others…. Some may conjure up the same image yet be very different. Lets look at one of the those examples of mistaken identity.
Appraisals and Inspections
[ August 19, 2010; 6:30 pm to 8:00 pm. ] So you want to buy a house – where do you start?! The first step towards home ownership is getting educated about the home buying process and finding a Team of Professionals you can trust and feel comfortable with. Please join us for a informative 90 minute home-buying seminar where you will learn everything you need to know about buying your first home.
If you are a first-time homebuyer or haven’t bought a home in a while, this guide will offer valuable information about buying a home.
Gather the information you will need to qualify for a home mortgage
Before you can buy a home, you will need to secure financing. Be ready to provide a mortgage lender with the following information:
There are dozens of lists of things that you should do when purchasing a home, but here is the best list of what NOT to do when you are in the home buying process.
1. Do not look for a home without being preapproved. (This is like shopping for a car without a driver’s license. You need to know what you qualify for before going out looking.)
Watch this video for information on the upcoming First Time Home Buyer Class
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