First time buyer
First time buyer?
For a first time home buyer the buying process can be overwhelming.
Getting to know your options, calculating the costs and getting a
mortgage pre-approval can jump start the process. Following these four
easy steps will increase your confidence and make you ready for your first dream home.
If you would like to learn more first time home buying program and process, check this here
RMA supports first time buyers and we believe to being there for you from beginning to end. If you are planning on purchasing your first home, contact us by phone or email. We would be happy to assist you and take our time to explain the entire process and we make sure all your questions and concerns are answered.
Working with a mortgage broker from the start is the best thing you can do. It will ensure that you are able to pre qualify allowing you to make an offer to purchase with confidence. Moreover, it helps you to know how much you qualify for so that you are not wasting time looking at homes that are beyond your budget.
Prequalify vs. pre approval
The pre qualification is a simple, quick and not dependable way to determine if you are ready to search for your dream home. A pre approval is a more involved process that focuses on your income, amount of debt, down payment and your credit worthiness. Working with an experienced mortgage broker is an advantage if they request income confirmation at time of pre approval. There have been many instances where buyers are deemed to be pre approved, only later to learn they do not qualify after making a home purchase offer.
Call us at 1-877-237-2601 Today.