Find Out If You Are Ready to Buy a Home??
Owning a home can give you stability and security, and protection from rising housing costs. Once you finish your mortgage payments, you’ll own a home that you can sell or pass along to loved ones after your death. Along the way, you may enjoy tax benefits.
If you want to buy a home, start getting ready
If you can answer “yes” to the questions below, you’re probably ready to buy your own home:
Do you have at least two years of regular,
steady income?Is your income reliable?
Do you have good credit?
Have you saved money for a down payment?
Can you pay a mortgage every month?
Save for a down payment
Most lenders won’t lend you the full price of a home. They want you to come up with some of the money yourself. That money is called a down payment.
It can be hard to save up a down payment. But a large down payment can help you get a mortgage and reduce the interest rate you pay.
Check your credit
To get the best interest rate on a mortgage, you need good credit. For some loans, lenders want you to have a minimum credit score of 620, unless you have a large down payment.
Get ready to shop around for a home loan
Choosing the mortgage you’ll use to pay for your new home is an important decision. You can start by looking around for a network of people and information you trust to help you through the process. And, you can start gathering facts about your finances, so you’ll have them ready at your fingertips.
Here at Mortgage One, we are committed to helping Michigan first-time home buyers with all their housing needs. Best to schedule a call with an experienced loan advisor to discuss your situation and find out what you qualify for. We take pride in providing the highest level of service, contact us and we would love to help you!
How We Can Help??
𝙂𝙧𝙤𝙪𝙥 𝙩𝙤 𝙇𝙚𝙖𝙧𝙣 𝙀𝙑𝙀𝙍𝙔𝙏𝙃𝙄𝙉𝙂 𝘼𝙗𝙤𝙪𝙩 𝘽𝙪𝙮𝙞𝙣𝙜 𝙖 𝙃𝙤𝙢𝙚 𝙞𝙣 𝙈𝙞𝙘𝙝𝙞𝙜𝙖𝙣
𝘽𝙪𝙞𝙡𝙙 𝘾𝙪𝙨𝙩𝙤𝙢𝙞𝙯𝙚𝙙 𝙃𝙤𝙢𝙚 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙋𝙡𝙖𝙣
Call or Text us at 313-214-2400
Tim Tomkowiak
“I am a license loan officer. And I help ordinary people build equity and wealth through home ownership”
