Tips For First Time Home Buyers

[elina]

Hi Folks,

The first step for getting a mortgage loan for the first time home buyer is to get pre-qualified and pre-approved. Pre-qualification is important because the buyer will know exactly the payment threshold and home value that he or she can afford. Pre-approval tells the seller that you are a serious buyer and you can meet the mortgage payments required to purchase a house at a particular sales price. The general rule-of-thumb is that: you can purchase a home with a value of two to three times your annual household income, depending on your savings and debts. However, special loan programs are available for the first time home buyer to help them purchase homes with higher value.
Cheers
Samantha
mortgages_expo@yahoo.com (mortgages_expo@yahoo.com)
mortgages-expo.com

[kandue]

Good stuff. I love working with first time home buyers. There are many programs that offer great benefits to FTHB, ranging from low down payment to 4% Grant toward down payment closing costs, surly making it easy to own a house.

[OregonLO]

Plus first time home buyers are always green and have no clue about the process so they don't act like they know it all already. They appreciate what we do and making the process easy. I love first time home buyers :)

[carlel]

Plus first time home buyers are always green and have no clue about the process so they don't act like they know it all already. They appreciate what we do and making the process easy. I love first time home buyers :)

Some brokers would use that naivety to exploid the first time buyer. in that sense, i think its better for them to know something beforehand.

[uthai]

Hai Elina!

Always you gave great information for the member of this forum that can really help us at many situations.

Thanks for your suggestions.

I am looking forward to all of the advice and suggestions that you all may have.