If you've ever thought about buying a home, but decided that it was too big a financial gamble, you should really think again. For the majority of people, home ownership is the single most reliable way to achieve financial security. You can build equity as well as have a place to call home.
Whether you are a first time buyer or are looking for a new home that better fits your current circumstances, we have the experience to help you find the right mortgage. There are many different types of mortgages available including government and VA backed loans and interest only loans. We can often get you pre-approval for your mortgage which makes the process less stressful for you and the seller. Before you start you house hunting adventure, contact us and we can help you set your budget.
Building a nest egg via the equity in your home can make it possible to gain access to the kind of capital you'll need to support yourself in your later years, pay for your children's education or start a new business.
There are a few good steps to take as soon as you decide to purchase a home.
First off - Establish your budget for your home taking into consideration such things as mortgage payments, insurance, utilities and taxes. As mentioned above it's helpful to establish a relationship with a mortgage broker who can help you through the process. You can fill out our Questionnaire to start getting the benefit of our experience.
Second - it's a good idea write down why you are looking for a new home. For example, are you currently renting and would like to have a home where you can begin building equity? Maybe you recently married and have outgrown your current residence. Or, maybe you have just gotten a promotion, which requires you to move to a new city. These factors will all have a bearing on how you approach your home search.
Third, establish a time frame that you would like to stay within for buying your home. Depending on your reasons for wanting a new home and the current state of the market in the area you are looking to buy, you should be able to come up with a rough guideline, which you can finalize at a later time.
Last, you most likely have a mental picture of what you would like your house to look like and what features it should have. It's very important to write these ideas down to avoid any ambiguity later in your home search. You should make at least two lists: one should be a list describing your dream home and the other should list the features of the home that are an absolute must have in order to buy it. In a perfect world, your new home would fulfill both lists completely. It is more likely that you will end up blending the two lists into a schedule of prioritized items as you progress through the buying process. This is a natural process as you get clearer about what you want and what is available.
Once you have decided on a particular home to purchase, we can help you secure your home.
Fill out our Questionnaire and we will help you purchase that dream home of yours.
Bayside Mortgage Services, Inc
3901 Main Street
Grasonville, MD 21638