Financing

There are many benefits to purchasing a home of your own.  You will be able to control your environment and live the way that best suits your family's needs.  You can avoid increases in rent, while building your own credit.  You will enjoy the tax benefits for homeowners and will be eligible to make tax deductions based on your ownership.

In our local market place, rental properties are in short supply which has increased monthly rental rates.  You will be able to get more home for your money when you purchase than you usually can while renting.

You will want to ask your real estate professional for references to local lenders who will be able to assess your needs.  Your loan professional will discuss your financial needs and goals and try to fit you with the best loan product available to you.

Your discussions with your loan officer will include collection of documents such as W-2 forms, pay stubs, bank statements and any other documents that might help clarify your ability to purchase a home.  Once your credit history has been reviewed, your lender will provide you with a mortgage pre-approval which is your permission to shop!