Looking for your first home can be a stressful process. What seems to include only one or two decisions can actually turn into a much more complicated process, leaving you feeling overwhelmed and the whole process feeling impossible. Luckily, our mortgage team at ENB has compiled 5 tips for first-time homebuyers to follow that will make the process go a little smoother.
For a long time, owning a home has been part of the American Dream. Is it right for you? While homeownership requires a substantial upfront investment, it has several long-term benefits. Let’s look at some advantages of owning a home.
When you’re just getting started, there’s a lot you can do to build credit. Learn how you can begin establishing your credit history the right way.
Whether you’re a first-time homebuyer or just haven’t gone through the process in a while, you may be wondering what mortgage points are and if paying for points is worth the cost.
Don’t get overwhelmed by your next move. Creating a moving plan and executing it in advance can save you time, money, and stress.
You’ve finally found the perfect home, put in an offer, and had your offer accepted. Congratulations, you’ve bought a new home! Almost.
If you're in the market for a new home, it's easy to only focus on two figures: 1) the asking price and 2) the down payment. But there's another number you should factor into your home buying budget – mortgage closing costs.
Searching for the perfect home can be exhausting, especially when none of the online virtual tours come close to your design preferences or budgetary needs. Many home shoppers realize that getting their dream home might mean building their dream home.
If you're in the market for a new home, submitting a mortgage loan application should top your to-do list. Unless you plan on paying cash, you'll want to know upfront how much you qualify for and at what interest rate and terms. This could quickly help narrow your home search and ensure you find a loan that fits your budget. But if you don't have the documents ready to submit with your mortgage loan application, it could cause unnecessary delays.
After careful thought and planning, you’ve decided to take the plunge into home ownership. You have a pretty good idea in which area you want to buy and are about to start interviewing Realtors. At this point, many first-time homebuyers pause and ask themselves, “What exactly is the first step I should take when buying a home?” At ENB, we recommend setting up a meeting with a Mortgage Expert to discuss prequalification.
