First Time Home Buyer?

If you have decided to invest in home ownership, here are some recommendations to follow: First determine the type of home you prefer and how much you can afford by getting pre-approved for a mortgage loan. It is also recommended that you shop around for the best rate quotes. A lender will be looking for a good credit score, verifiable income and available funds to complete purchase and depending on what type and terms of the loan, you will need a certain percentage of funds to complete the purchase. These funds will be calculated according to the home's purchase price, down payment amount, lender costs, as well as pre-paid amounts required to close the transaction.

Contact a knowledgeable real estate agent to guide you through the entire process and make your home ownership dream not only a reality but also an amazing experience for you and your family. Happy house shopping! www.elchomes.com elcrealty@gmail.com