Your First Home
As a first-time homebuyer, it can be a challenge to make sense of financing options and the alphabet soup of PITI, FHA, VA, escrow and many other terms. Your American Federal Banker can help you identify the best options and help you through the process of financing a new home.
Let an American Federal Banker help you think through the questions and help you with the answers on your way to turning your dream of Home Ownership into reality.
When thinking about buying or building a house, some homework and a little research can help you reach your goal.
Steps to your first home:
How much house can I afford to buy?
What will it cost to purchase a home?
What are closing costs?
Should I get pre-qualified for a home loan before I make an offer?
What information should I gather before meeting with an American Federal Banker to become pre-qualified for a home loan?
Finding a loan to fit your needs:
What steps should I expect in the process of getting a home loan?
How do I decide how much to offer on a home?
How can I lower the interest rate on a home loan?
Do I have to escrow?
How important is my credit history?
Is Local Servicing of my home loan important?
What kind of mortgage will fit best?
Locating your dream home:
Will the house fit my needs?
What condition is the house in?
Do you like the location?
How frequent and how long has the house been on the market?
How do I decide which builder to select, if I want to build a home?
Are there other considerations?