First Time Home Buyer
Everything you need to know to make that big purchase easier
First Time Home Buyer
Everything you need to know to make that big purchase easier
Your Guide to Homeownership
When it comes to buying your first home, one thing is for certain: you’re going to have to make a lot of choices. Some of those are entirely up to you and your personal preferences: neighborhood, style, one-story vs two-story, or what color to paint the front door. On the other hand, there are going to be a lot of choices to make that might end up being confusing or even overwhelming to a first-time buyer. Should you go with the predictability of a fixed-rate mortgage or the options of an adjustable-rate? Does an FHA loan make the most sense? What does the USDA have to do with mortgages? How can you increase your purchase power?
Below are a few tips and guidelines to get you started. If you have more specific questions about mortgages or mortgage jargon we have more information available in our resources and learning center. When you’re ready to take the next step, we’d love to offer you a free, no-credit-check mortgage estimate by clicking the button below or visiting ModusMortgage.com/Free-Estimate.
Your Guide to Homeownership
When it comes to buying your first home, one thing is for certain: you’re going to have to make a lot of choices. Some of those are entirely up to you and your personal preferences: neighborhood, style, one-story vs two-story, or what color to paint the front door. On the other hand, there are going to be a lot of choices to make that might end up being confusing or even overwhelming to a first-time buyer. Should you go with the predictability of a fixed-rate mortgage or the options of an adjustable-rate? Does an FHA loan make the most sense? What does the USDA have to do with mortgages? How can you increase your purchase power?
Below are a few tips and guidelines to get you started. If you have more specific questions about mortgages or mortgage jargon, we have more information available in our resources and learning center. When you’re ready to take the next step, we’d love to offer you a free, no-credit-check mortgage estimate by clicking the button below or visiting modusmortgage.com/free-estimate.
Mistakes to Avoid
Buying a home is one of the biggest financial decisions you’ll make in your life — and one of the largest sources of stress for many first-time buyers is the financing process. Here are some common mistakes to avoid.
Not Understanding the full cost of homeownership
Assuming you won't qualify
Getting pre-qualified at the last minute
Only talking to one lender
Spending your entire budget
Not researching down payment assistance programs
Mistakes to Avoid
Buying a home is one of the biggest financial decisions you’ll make in your life — and one of the largest sources of stress for many first-time buyers is the financing process. Here are some common mistakes to avoid.