First Time Home Buyers

What Are Steps To Buy And Qualify For A Mortgage

This Article Is About Steps To Buying A House And Qualifying For A Mortgage Buying a home is one's biggest investment for most folks. Homeownership has many benefits There are many benefits to buying versus renting a home Homeowners have tax benefits where renters do not Mortgage interest is tax-deductible for homeowners Homeowners can build equity in their homes when their homes appreciate and as they pay down their mortgage loan balance A home is one of the few investments one can enjoy and use

First Time Home Buyer Tips And Buying And Mortgage Process

This Article Is Article First Time Home Buyer Tips And Buying And Mortgage Process It is highly NOT recommended to make large purchases or move money around from bank typically three to six months before buying a home for a couple of very important reasons: Check If You Qualify for a historic low rate (Jan 28th, 2021) First, you don’t want to take any unnecessary chances with the credit profile Lenders want to see that you’re reliable They want a complete paper trail so that’s they can provide you with the…

Advice In Moving Out Of Your Parents House And Buying First Home

This Article Is About Advice In Moving Out Of Your Parents House And Buying First Home Tips and Advice In Moving Out Of Your Parents House and buying a first home: Let’s face it, living with your parents has its ups and downs I remember when I lived with my mother after college It was quite an adjustment However, living with my mother allowed me to save money and buy my first home In this blog. we will detail some tips to prepare to move out of your parents’ home, what to expect during the mortgage

Home Buying Mistakes To Avoid By First Time Home Buyers

This Article Is About Home Buying Mistakes To Avoid By First Time Home Buyers Gustan Cho Associates Mortgage Group has numerous different loan options available without LENDER OVERLAYS. The vast array of mortgage options can sometimes be overwhelming for some clients That is where your loan officer comes in to play Our team has experienced loan officers who will provide the best long-term advice Many clients have made home buying mistakes in the past Common Home Buying Mistakes By First Time Home Buyers…

First Time Home Buyer Mortgage Questions On House Purchase

This article covers First Time Home Buyer Mortgage Questions On House Purchase  Once renters decided on becoming a first time home buyer, they probably have many common first time home buyer mortgage questions. The majority of first time home buyers will need a home loan in order for them to purchase their home Unfortunately, the mortgage process is a fairly complex process and does take time Many first time home buyers have similar first time home buyer mortgage questions that we will cover on this BLOG In…

Tips For First Time Home Buyers And Mistakes To Avoid

This article covers Tips For First Time Home Buyers And Mistakes To Avoid Many renters do not realize that they can qualify to be homeowners. We will cover Tips For First Time Home Buyers and mistakes to avoid during the mortgage process: Many renters think that they need 20% down payment in order to be first time home buyers They are also under the belief they need great credit as well as reserves to qualify for a mortgage That is not the case As long as borrowers have documented income and are able to…

New Conventional Loan Guidelines For First Time Home Buyers

This ARTICLE On New Conventional Loan Guidelines For First Time Home Buyers Was PUBLISHED On July 24th, 2020 UPDATED MORTGAGE NEWS: New Conventional Loan Guidelines For First Time Home Buyers From Gustan Cho Associates: Great news for first time home buyers for 2020 from Fannie Mae and Freddie Mac The two GSEs, Government Sponsored Enterprises, Fannie Mae, and Freddie Mac, have reincarnated the 3% down payment for conventional loans for first-time homebuyers Republicans view this new 3% down payment for…

IDHA Down Payment Assistance Mortgage For Illinois Home Buyers

This BLOG On IDHA Down Payment Assistance Mortgage For Illinois Home Buyers Was PUBLISHED On July 11th, 2020 In today's rising economy many Americans need down payment assistance to buy their dream home. Many hard working Americans make good income and can easily afford a mortgage payment on an average $200,000 Illinois home purchase However, with today's high cost of goods and services, it is rather difficult for any family to save enough down payment on a home purchase Besides the down payment, all home…

First Time Home Buyers Frequently Asked Questions

This BLOG On First Time Home Buyers Frequently Asked Questions Was UPDATED And PUBLISHED On July 10th, 2020 First Time Home Buyers Frequently Asked Questions: How is borrowers' credit score?  Do borrowers meet the minimum credit score? Borrowers credit score and income are the two most important factors when it comes to qualifying for a home loan Gustan Cho Associates and most other lenders will use borrowers middle credit score as the qualifying credit score Loan officers will thoroughly review a…
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