Are you thinking that the time for renting may be over? Tired of paying someone else's home mortgage? Well, investing in a new, single-family home can set you up for the next stage of your life and even save you money, since your mortgage payment might be lower than your current rent. In addition, you will be able to take advantage of that yearly tax write-off.
When buying a single family home, there are several things you must take into consideration. The first thing you have to think about when looking for a new home is your budget: simply, how much can you spend? Take a very close look at your monthly expenses and your income to determine what you can realistically afford. After that, be proactive about comparing lenders and the rates and loan types offered. Getting prequalified for a mortgage streamlines the process of buying your dream home! Sellers are more likely to accept an offer from a buyer who shows prequalification.
Between determining a budget, down payments, home loans, mortgages and more, taking the first step towards purchasing a new home can seem daunting. Let American Financing take away some of the fear and confusion; our salaried-based mortgage consultants are seasoned professionals, and can help you find the best mortgage loan to fit with your financial situation.