A lot of times the home buying process can be very scary, especially if you have no idea where to start. So I figured I would put together a list of resources that will help you get a better understanding of where to start and what the process looks like.
The Mortgage Process
Where do I start? That is one of the questions we get a lot. The answer to that is simple. Right here. The best way to start the home buying process is to figure out what amount you can be qualified for to borrow from a lender on a mortgage. I recorded a video here that explains the mortgage process and what lenders take into consideration when evaluating if they want to lend money to you.
When evaluating your mortgage application, lenders look at the following: Income, Credit History, Downpayment & Property.
Now, often times you will come across a term that you have heard several times and you have no idea what it means... or you think you know, but don't want to ask anyone just to be sure. We have put together a comprehensive mortgage glossary to help you figure out exactly what is being talked about. Chances are, if it is related to mortgages in any way, we have defined it.
Lets face it, a lot of us don't like to ask questions that may have already been answered. Here is a list of frequently asked morgtgage questions, take a look through the list and hopefully this will answer any questions you have.
First Time Home Buyers Community on Google+
Now, I realize this is a long shot, but worth mentioning. If you are an active member of Google+, or you have a Google+ account, you should consider joining the First Time Home Buyers community that First Foundation has put together. The goal of the community is to provide education to the first time homebuyer from the start of the home buying process to the end. As a side note, if you are interested in learning more about Google+ consider contacting me, I would love to talk you though it. To preview the community - click on the image!
Honestly, the very best way to start the entire home buying process is to submit an application for a mortgage pre-approval. There is no cost for you to do so and we will be able to work with you to out line the entire process. We understand that you won't know everything, you don't have to, but we will make sure you learn enough to make good decisions based on your goals. When you are ready, please consider completing a secure online mortgage application. One of our mortgage brokers would love to work with you!
Here is some more information about what it means to be pre-approved for a mortgage.