First Time Mortgage

First time mortgage deals are available for clients in all financial situations.

First Time Mortgage Advice From First Empire Mortgage

Your first time mortgage - An introduction and explanation

Applying for your first home mortgage is more complicated than most lenders make it seem. Fully grasping the situation is imperative to your success in this field. We are all accustomed to calling our home loan a mortgage, but that isn't an completely accurate definition of the term. Here are two things to bear in mind:

1. Your first mortgage is not a loan, and it is not something that the lender gives you.
2. It is a security instrument that you give to the lender, a document that protects the lender's interests in your property.

When you work with any lender, you want to make sure that you're aware that you are dealing with a pretty technical idea that many companies won't completely explain to someone who is looking for a first time mortgage. First Empire Mortgage feels you should be fully educated when it comes to your first mortgage loan and want you to feel like you're getting a complete education after you fill out the form at the top of the page.

Important first time mortgage advice

What should you look for in a first time mortgage? Are you aware of the many options available for those interested in a first time buyers mortgage? First, you should probably pull your own credit file and make sure that you don't have any egregious errors or old open files that should be closed because you paid them off. By taking care of this, you'll ensure that your credit profile is as spotless as possible. Our pre-qualification for first time mortgage customers provides a general look at what you can afford and isn't an approval or analysis of what you can afford or buy.

Our qualification process says that yes, you can afford a first time buyer mortgage and we provide written proof to your real estate agent upon request so you are able to move forward in your purchase. The approval process is an integral, and often overlooked part of the first residential mortgage process. Do everything in your power to secure the best rates by making sure your open lines of credit are in order!

More about a first time mortgage

We believe it's always a good idea to get pre-approved by us or any other lender for your first time mortgage when you are ready to buy, and that's a process that can only be done by a lender such as us. There's a number of factors that come into play with any home loan and a first choice mortgage is no exception! Your agent will go over important factors such as your home appraisal, etc., that will affect your loan.

For more information and a free quote on your first time mortgage, just fill out the FREE form at the top of page and be on your way to your first home! This is the appeal of our first mortgage loans. They'll pave your path to reasonable, affordable home ownership.