Article provided by: Seattle's Mortgage Broker – Joe Tafolla
Buying a home is one of the most significant events in our lives. Be it a starter home or a forever home, buying a home is an important decision, one that requires a considerable amount of consideration before going through with it.
It is also, for the majority of us, the most substantial financial commitment we will make in our lifetime. The amount of money required for a down payment is significant as it is, but when you take into consideration the principal cost of the house, the down payment, and what you will end up paying in interest rates, the total amount far surpasses any other financial commitment that you will face in your lifetime.
If you are a first-time home buyer, the prospect of not only choosing the right home but financing it and closing it can be a daunting task. Knowing who to turn to or what steps to take is not something that should be attempted alone as the wrong decision can haunt you financially for decades.
Finding the right real estate broker not only to show you the best homes but get you the best deal for your money is an essential first step in the home-buying process. Finding the house of your dreams is great, but without the right real estate broker to help, you could wind up in a financially unfeasible position that you will regret.
What Seattle real estate brokers can help a first-time home buyer?
Seattle's Mortgage Broker is one of the best in the business, specializing in the Seattle area. Seattle is a burgeoning market right now, one of the hottest in the country, and Seattle's Mortgage Broker is a seasoned team that will help you get into the right home for the right price.
Buying a home for the first time is different than it used to be. First time home buyers can qualify for what is known as the FHA Home Loan Program. The program dictates that if you have a minimum 580 credit score, that you may be eligible for an FHA loan with a required down payment of just 3.5%. That means for a $100,000 house; a first-time buyer would need only $3,500 for the down payment. That makes it all the more convenient for first-time home buyers to find their first (or forever) home with far less of a hassle than in years past.
Seattle's Mortgage Broker works with you every step of the way, providing knowledgeable experience to help you navigate the mortgage landscape. We know how scary the buying process can be and provide honest, transparent advice that will help you find the home you want without any of the nasty entanglements that can come with the process.
We prioritize your needs and find the best fit in a home for you, walking you through the process of how to finance the home and what it will look like for your budget once the house is purchased. We aim to get you into the house of your dreams without the process turning into a nightmare.