First-Time Buyers

Dreaming of owning your first home?  Tired of shoveling out rent for a home or apartment that doesn't feel like yours?  Take heart, changing from renter to homeowner may be easier than you think.  I'm here to help.

Where do you start?

First of all, learn the financing basics.  Get pre-approved and become a smart shopper.

When you buy your first home, making monthly payments  probably won't be a problem.  After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options to make buying your first home a happy reality.

Programs for first-time buyers.   There are several local or federal government programs that help first time buyers get into the housing market. 

Your lender.   Your bank or credit union may help as well.  Are you debt free and own something free and clear, like a car?  Your lender may lend you the down-payment by securing it against this asset.

Local lenders.    While it may seem as if you will get a better deal with nationally advertised mortgage brokers,  it is often best to visit one or more local lenders to compare interest rates and find a person whom you are able to communicate well with.  Local lenders have to perform  in order to keep their business referals coming in.  This benefits you by having a local lender who works diligently to make certain your loan is processed and ready to go to the closing table on schedule.

Crockett National Bank - Valerie Allison - 325.659.4949  

Bank of San Angelo - Susan Pulley - 325.947.1100

First Horizon - Teresa North - 325.224.3563

Countrywide Home Loans - Viki - 325.223.5101

 

Need financial solutions?

Credit or tax problems.   Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down- payment.

If necessary, contact a financial advisor.

Tim Elder  e-PRO
Realtor®
Addresses Real Estate
2801 Southwest Blvd
San Angelo, Tx 76904
(325)942-6400 - office  (325) 245-8340 - cell

Tim@AddressesRealEstate.com 



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