Homebuying

Homebuying

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Understanding Homebuying
 
Are you ready for that magic time of owning your first home?   Are you wondering how to go about it?  This is the perfect place to start! We give you step-by-step instructions on how to get into your first home!

How to start:

Our goal is to help "demystify" the process for you. We'll help you answer important questions, help you to do your research and plan financially to make the best decision possible for you and your family. By educating yourself on the basics of buying a home before you go house hunting you can save yourself a ton of money, time and aggravation.

The absolute most important thing to do is to get pre-approved for a loan amount even before you start shopping. You will know the exact maximum you can obtain for financing and you can cut the best deal on your new home! Let's start with a quick 3 minute pre-approval, we'll get you pre-approved while you read up on the rest of the process!


Helpful hints on where to start the property portion of the process:
There are definite benefits to homeownership, including:

Real estate for the most part is a solid investment. Example, if you stay in a home for typically 5+ years, your house will rise in value enough to offset some of the initial expenses you'll incur and you'll earn money when you sell your home. There are of course some things to consider prior to buying that home; you will want to determine if you need to do some renovations, etc. If that is the case, you will have to factor those costs into the overall financial picture.
 
Tax benefits. You can deduct the mortgage interest from your taxable income. That deduction lowers your taxable income, which means that, you'll end up paying LESS tax on your income each year, now that is sweet!
 
Homeownership is an investment. As you pay down the principal loan amount, you are building up equity in the property. That coupled with appreciation in the value of the home can pay off nicely.

Homebuying