First Time Buyers Mortgage

First time buyers mortgage information, resources and advice from our lenders will help make your experience rewarding!

First Time Buyers Mortgage Loans Can Be Secured At Low Rates!

What you need to know about a first time buyers mortgage

All current and potential homeowners are advised to learn as much as they can about the complicated home loan environment before making any decisions. But particularly for first time buyers, mortgage loans can be incredibly complex and intimidating. We are talking about loans in the hundreds of thousands of dollars (the median U.S. home price is $200,000) with enough variations to confuse even those familiar with how real estate works. When it comes to you first time mortgage, you need to know that you are making the right investment for you and your family.

When you contact First Empire for assistance with your first time buyers mortgage, we will take you through a three-step process to get you approved for the loan that best fits your needs and financial situation:

1. The first thing you need to do in the process of applying for a first time buyer mortgage is request a copy of your credit report. This will tell you where you stand, and enable you to clear up anything that could stand in your way of securing the best rates! Your credit is the biggest factor in getting you approved for a great loan, so don't take this step lightly.
2. Next, you need to determine how big a loan you can afford. This is your first mortgage, and the costs involved can be deceiving. You need to factor in closing costs, property taxes and repairs in addition to the loan payment itself. Conversely, there are a number of tax write-offs available to homeowners that you should be aware of.
3. Finally, you must decide which loan variation(s) are most appropriate for your first time buyers mortgage. The interest rates will vary depending on the length of your loan (15- and 30-year loans are the most common), the down payment size, and whether you opt for a fixed-rate or adjustable rate mortgage.

As you can see, receiving a home loan is not an open-and-shut process. It will take work in order to find the ideal loan for your particular circumstances. There is no substitute for a trusted partner in your efforts to make your homeownership dreams come true. When you fill out the FREE form above, you will have the chance to discuss your first time buyers mortgage options with our staff at absolutely no cost. This form does not bind you to anything - it is just the chance to receive professional advice from our leading team of lenders and decide how to proceed from there.