It is essential that any potential homebuyer start the loan process before looking at the first house. You should take the needed information to your first meeting with your loan officer. If you would like a list of these items, view our AlphaHomes.com Financial Considerations page. You may want to utilize online calculators and tools to get an idea of your buying power before setting your first meeting with your loan officer. Check out AlphaHomes.com's own Mortgage Calculator to get started.
Some terms you will need to understand prior to this first meeting:
When selecting a lender, consider the “big picture,” rather than merely comparing interest rates:
Jeff’s Note: If you are a Veteran or may qualify for other governmental loans visit www.hud.gov. Discuss these options with your financial officer. These loans may reduce your costs or eliminate your down payment.
|Are You Ready To Buy?||The Buying Process|
|Buying With A REALTOR||Determine Where You Want To Live|
|Financial Considerations||Financing A Home|
|Homebuyers' FAQ||The Closing|
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