As a first-time home buyer, you are uniquely positioned. You have no existing home to sell, which frees you in many ways. But even if you’ve always dreamed of owning a home, it can be hard to know when to pull the trigger.
Now is the time to make that dream a reality. Here we’ll discuss how securing a loan today will position you to get more house for your money.
Home prices are beginning to rise—so it’s an ideal time to make your move while they’re still attractive. Then, as prices climb higher, your home’s value will continue to rise. It’s a win-win for you because you secure a permanent residence of your dreams, then sit back and watch its value increase.
The same concept applies to rates. Ideally, you want to capture the best rate you can, and being that interest rates are low, but beginning to climb, you should consider buying a home before they rise even higher. Check out interest rates in your area by working with a lender such as Golden Oak.
But first, how much home can you afford? Before you jump in and get your heart set on a property, it’s wise to reach out to a lender such as Golden Oak to determine how large of a loan you’ll be approved for. This figure is determined based on a number of factors, including:
By getting pre-qualified, you speed the process along and put yourself in a strong position for future negotiations. When you do find that perfect home, you’ll be in the driver’s seat and ready to call the shots.
The home buying process can seem overwhelming, especially for first-time home buyers. Let one of the professional loan officers at Golden Oak Lending walk you through the process. At Golden Oak, you’ll work with one loan officer from pre-approval all the way through closing, so you’ll always have an expert on your side to help make your home ownership dream come true.
Contact us today and see how our rates can save you money!