Are you a First Time Home Buyer?
Buying a home takes research, too!
You will want to determine:
How much you can comfortably afford. An official pre-approval is the best way to determine the price and expenses that are right for you.
How much cash do you need at closing . Moving those funds into one account will help to prevent stress and ease the process later.
What kind of property you really want. Single or multi-family, condo, co-op? And what style? Narrowing your search will save time and prepare you to act when the perfect home hits the market.
Where you want to be and how long you’ll want to be there. Strike a balance between buying what you can easily afford and buying what will accommodate any growing family needs for longer than just the first few years. Planning ahead is especially important when trading up later may mean both a more expensive home and a higher mortgage rate.
How the process works. This is a time when the internet doesn’t have all the answers. The process varies for many reasons, including area and customs. Generally, purchases include: Offer, Acceptance, Inspections, Contract, Loan Application, Appraisal, Title, Loan Approval, Closing/Funding and Moving In. Many little steps can fall in between, and the process won’t always occur in a given order. It pays to speak with local expert early.
Contact Blue Ridge Mountain Mortgage and we will help you do your research!
Our team at Blue Ridge Mountain Mortgage includes Ivory Bare, mortgage expert. We take a client centered approach. If you are looking to get a home loan in or near West Jefferson, or would like information on acquiring your first home mortgage in the High Country, we can assist you.