The Numero UNO for First-Time Homebuyers
I'm often asked by First-Time Homebuyers ...
"What is the Number 1 thing I can do to help myself when considering my first home purchase?"
Educate yourself about every step of the Mortgage and home buying process ... thoroughly.
As a Mortgage Lender, I've come to see my role as educator and "teacher" vastly grow in importance. When I first started in the Mortgage business, I instructed clients. Actual teaching opportunities were few and minimal. That's not true anymore.
Education is now vitally important throughout the entire Home Buying transaction. From the time you first discover your interest and desire to buy your home ... through your Mortgage processing and successful Home Closing ... and even beyond ... education remains key.
So how do you get "educated"? Just where do you search for helpful reading materials, information, and informative videos to best educate yourself?
Information is everywhere. Search in newspapers, magazines, blogs.
Scour social media sites for links to helpful and timely articles, videos, news bites, reports, statistics, infographics, websites, and more. The amount of free information available courtesy of our government, mortgage and real estate professionals and experts, both online and off, is staggering.
I recommend: Read everything you can. And don't hesitate to contact me or your own local experienced Mortgage Lender or real estate professional either.
Do this well in advance of starting your actual home search. This will allow your Mortgage Lender ample time to run your Credit, help improve/repair your Credit Scores, if necessary, and better position you to buy your home at the best possible Interest Rates and Mortgage Options available.
Now ... did you also note above that I suggested that you continue to educate yourself "even beyond" your Loan Closing?
Valuable info continues to be available to you throughout all the outlets named above. But none will prove more valuable then an on-going relationship and dialogue with your Mortgage Lender. The education, services, guidance, and help they can provide you after your Closing remains important to your future financial and credit health.
Make sure to stay in touch with this valuable resource. Keep the lines of communication between yourself and your Lender available and open.
I send bi-weekly newsletters via email to my Closed clients (potential buyers, referral partners, etc.) so updated and timely email addresses remain important. Remember, I can't help you if I can't reach you in some way. (Email me to ask to receive future newsletters!)
"What is the Number 1 thing I can do to help myself when considering my first home purchase?" You've probably heard this many times in the past, but it's true.
Get educated about your Credit, Credit Scores, and financing options. Your financial health will be better for it ...
* Hoping to Buy your First Home within the Chicagoland area? Contact Me! I'll put my Mortgage experience and expertise hard to work on your behalf.
I can be easily found at:
Gene Mundt, Mortgage Lender, a Lender with 37 years of mortgage experience, will offer you exemplary mortgage service and advice when seeking: Conventional, FHA, VA, Jumbo, USDA, & Portfolio Loans in Chicago and the greater Chicagoland region, including:
The Lincoln-Way Area, Will County, (New Lenox, Frankfort, Mokena, Manhattan, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL.
Your Referrals are Greatly Appreciated!