Buying your first home can be an arduous process, or it can be a fun, exciting endeavor — it all depends on how prepared you are before you begin the process. These bits of advice will help you as you prepare to make your first real estate purchase.
What You Need To Know
Make a budget and stick to a mortgage payment that you can afford. A well-qualified loan officer can help you learn more about how to get your first mortgage and what types of mortgage products might fit your needs. Finding the right agent for your needs is one of the most important factors in applying, so be judicious.
When you’re ready to apply for a first mortgage, you’ll need to give the loan officer copies of your recent paycheck stubs, tax returns, and bank account statements. Having these documents prepared in advance will make the process easier. Take the time to assemble your documentation before you begin your process and your agent will be better equipped to help you find the perfect mortgage.
Stonebridge Mortgage Group can help you with your real estate loans and other mortgage solutions, both residential and commercial. We serve the greater Portland area and are located in Gresham, Oregon.