First Time Home Buyer
Making the decision to become a homeowner is a huge step! But it is also a decision that can be filled with questions, concerns, and maybe even a little bit of anxiety. And, let’s be honest, there are steps, tasks, requirements, and work involved with purchasing a home.
With all that in mind, chances are you want to work with somebody you can trust, someone who you believe is looking out for the best interest of you and your family. VIP Mortgage is committed to finding you the best loan package at the best rate for your individual financial needs and goals.
When you walk through our doors, you get the VIP experience. You are family now. Our loan officers will simplify the mortgage process to make the buying experience as enjoyable and stress free as possible.
As a first-time home buyer, you might even be eligible for state programs, tax breaks and federally backed loans. Your loan officer will go over all of this with you and be rest assured that every possible tool available will be fully investigated.
Things to keep in mind:
How is your financial health – good rule of thumb is to have three to six months of living expenses saved up. In addition, review your spending to know exactly how much you are spending every month and what you are spending your money on.
Think about what type of home you have in mind – single family, duplex, townhouse, condo, urban, suburban, rural…there are a lot of options. Make sure you have at least a general idea of what your ideal home looks like and where it is located.
Get pre-qualified – going through the pre-qualification process before you start looking for a home is the best place to start. This way, you will know exactly how much money you can spend on a home and will make you a more attractive buyer to a seller.