First Time Home Buyers Home Buying Process

First time home buyers, getting started is not hard, read on to....

by Jeff Ragan

You could become the next happy couple that buys their first home.This section of my website is designed to help you through the buying process.

What do first time home buyers need in order to begin the mortgage process? First you need the proper information so you can make an informed decision.

The mortgage process is rather complicated. However, have no fear you landed on the right web page to help you through it. Keep reading and discover the best programs for you. Soon you and your family will be celebrating the joys of home ownership.

first time home buyers process

What do first time home buyers need in order to begin the mortgage process? First you need the proper information so you can make an informed decision.

The mortgage process is rather complicated. However, have no fear you landed on the right web page to help you through it. Keep reading and discover the best programs for you. Soon you and your family will be celebrating the joys of home ownership.

Starting the Home Buying Process

When you are ready to begin the process ask yourself:

  • Should I stay renting or is it a good idea for me to buy right now?
  • If I decide I'm ready to buy, how do I choose a mortgage company?
  • What's the difference with choosing a mortgage broker or a mortgage banker?
  • Do I meet the first time home buyer qualifications to buy a home?
  • Are there any benefits to buying a home?
  • What should I know or ask when meeting with a mortgage professional?
  • What are the different options available for first time home buyers?

By increasing your knowledge you put yourself in a better position to be a smart shopper. Once you have educated yourself, now you are ready to begin the mortgage process.

Some people have found that LendingTree Mortgage Loans is also a good source for mortgages. You have to decide, but one thing is for sure, know and understand the mortgage process by reading over this website. It is a great FREE resource for you before applying for a mortgage.

Steps in the Mortgage Process

Usually you will be started off with a mortgage application and a credit report will be pulled. The credit report will help the lender identify whether you are a good candidate for a home loan. If your credit is not very stellar, you may have to take some action to improve it before you start the process. So you may want to get your credit scores to see where you stand before you begin.

Perhaps you already have stellar credit, get ready, you’re now going to expose your underwear drawer!!! What? That's right, you're underwear drawer. What I mean is your most private information.

Don’t be surprised with what you will have to give the lender. You will really feel exposed, but remember they need this information before they can give you any money. So don’t fight it or lie. Give them what they ask and remember they will qualify every statement you make by asking for proof. So don’t make statements you can’t back up.

Once you fill out the mortgage application there are things you need to be careful of so you don’t sabotage the application process. It’s amazing the decisions people made after the application that disqualified them.

Be patient, your mortgage professional will help you see how much you qualify for that home loan. Once that happens, you can begin looking for that first home!

Other Important Loan Questions

  • Are there any other benefits to buying a home that I need to look at?
  • How will my taxes be affected?
  • Are there any first time home buyers act in place to help me?

It is so much fun to buy that first home, so get started and soon you’ll be moving in.

What Would You Like to Learn Next About Home Buying?

Want 7 Tips To Homebuying? Check out this page for a fast and easy list to use when buying your first home.

Should I Buy or Rent a Home answers the most common questions you may have in choosing to buy now or wait.

Learn the 7 Essential Things to Do Before You Buy a Home so you are ready to get started.

Home Buying Benefits will give you all the perks that buying a home supplies as well as other advantages in choosing that first home.

Home Buying Options will enlighten you on the available plans to help first time home buyers buy that first home.

Home Buying Checklist provides a comprehensive step by step process in buying a home.

Other Benefits provides a cool list of other possible programs you can take advantage of.

Home Buying Qualifications will give you the basic requirements you must meet to apply for that first loan.

How to Figure Your Total Mortgage Payment helps you to understand what all goes into the mortgage payment and how it is calculated.

House Buying Taxes will explain the different taxes you may now have to pay and what tax savings there are in purchasing a home.

Home Buying Acts discusses what home buying acts are in force so you can take advantage of the savings.

Return to Top Return from First Time Home Buyers to First Time Home Buyer Solutions home page.

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