Novice homebuyers can find themselves virtually buried in vital information, with each form, pamphlet, and certificate just as crucial to read and understand as the next. These new buyers can feel completely overwhelmed by the amount of material they are expected to understand, but when the alternative is potentially being taken advantage of over a crucial piece of impedimenta, the prospect of studying the ins and outs of local real estate seems pretty viable. For those new buyers, consider these three things that every new homebuyer should know:
It’s not enough to simply know what city you want to buy into, you should have a specific neighborhood or neighborhoods in mind. These should correlate to your needs ie; public transportation, proximity to freeways/highways, school districts, walk scores etc. Narrow your search down to a few neighborhoods to simplify your entire buying process.
From HGTV.com, “Some programs allow buyers to have smaller down payments (with potential penalties) … Be sure to read all the clauses and fine print before getting a mortgage. ” Find a lender or mortgage broker you can be candid and connect with, that relationship will serve you greatly as you apply for loans.
Know precisely what you’re looking for in a home before you begin the buying process, so you can focus on important paperwork, inspections, and filings during the buying process.
Stonebridge Mortgage Group can help you with your Reverse Mortgage, Real Estate Loan, and many other mortgage solutions. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580.