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First-Time
Buyers - You CAN own a Home
It is the dream of everyone to own
their own home. Many potential home buyers who think they can't, actually CAN
qualify for a mortgage.
We have countless success stories on file, and you can be one
too!
We specialize in helping first-time
homebuyers of all kinds, give us a call today. In about 15 minutes over the
phone I can tell you if you qualify. This service is
absolutely FREE and takes just minutes. You have nothing to lose -
except the chance to own your own dream home! So call now, because the call
could be your first step in becoming a homeowner.
Purchasing a home for the first time is truly one of life’s milestones.
Homeownership is a worthy goal, and thanks to a variety of available
financing options, it is a goal that is now in reach for more people.
Today’s low mortgage rates make this a historically attractive time to buy,
and new loan programs have helped to make the home loan application process
simpler than ever before. Like any important goal in life, homeownership is
a substantial responsibility, and there are a number of critical steps
necessary to make the dream of buying that first home a reality.
It all starts
with understanding the
Ownership vs Rent benefits. While everyone’s individual financial
situation varies, you need to make sure financing is in place BEFORE you
start looking at homes or talking to Real Estate Agents. This is where we
come in.
We will hold your hand from A to Z. The
prospect of home ownership is clearly rewarding; however, the process of
applying for a home loan and selecting a property can seem daunting –
especially for first-time buyers. It really isn't. We assist consumers in
understanding and navigating the details of home loan application, and
answering ALL of your questions. It all starts with
Applying For Your Loan
with our FREE NO COST one hour decision system!
Once you have applied, we will walk you through all your
options, and make sure you know "What To Expect",
although the
actual approval process is fairly straight forward.
(Learn More)
When
we are done, we will issue you a "pre-approval" letter, and put you in
contact with a qualified, real estate professional who will help you find,
negotiate, and close on your dream home. Many people go from renter
to owner in as little as 45 days!
Buying a home is something we all dream about,
usually for years. You may not have been able to save for a down payment, and
therefore figured you could not buy a home. In today's mortgage market, a down
payment is simply no longer required. With a zero down mortgage, the amount of
loan you can qualify for is determined by your ability to make your monthly
payments rather than how large a down payment you've saved.
 Stop
renting. Start building your financial future, and get all your
home owner tax benefits! We can show you how you'll be able to afford a home
sooner, and you'll probably be able to afford more home than you think! Throw in
the combination of an adjustable loan with an interest only option --- we can
really drive your payment down to a comfortable level!
You'll never know if you don't apply right now!
Let us help you explore all your mortgage options. We look forward to helping
you!
Ready? Click here to
Get Started.
How Much House Can I Afford?
How much house you can afford depends on how much cash you
can put down and how much a creditor will lend you. There are two rules of
thumb:
You
can afford a home that's up to around 3 1/2 times your annual gross income.
Your
monthly payments (principal and interest) should be 1/4 of your gross pay, or
1/3 of your take-home pay.
The down payment and closing costs - how much
cash will you need? Generally speaking, the more money
you put down, the lower your mortgage. You can put as little as 3% down,
depending on the loan, but you'll have a higher interest rate. Furthermore,
anything less than 20% down will require you to pay Private Mortgage Insurance (PMI)
which protects the lender if you can't make the payments. Also, expect to pay 3%
to 6% of the loan amount in closing costs. These are fees required to close the
loan including points, insurance, inspections and title fees. To save on closing
costs you may ask the seller to pay some of them, in which case the lender
simply adds that amount to the price of the house and you finance them with the
mortgage. A lender may also ask you to have two months' mortgage payments in
savings when applying for a loan. The mortgage - how much can you borrow? A
lender will look at your income and your existing debt when evaluating your loan
application. They use two ratios as guidelines:
Housing expense ratio.
Your monthly PITI payment (Principal, Interest, Taxes and
Insurance) should not exceed 28% of your monthly gross income.
Debt-to-income ratio.
Your long-term debt (any debt that will take over
10 months to pay off - mortgages, car loans, student loans, alimony, child
support, credit cards) shouldn't exceed 36% of your monthly gross income.
THE BOTTOM LINE: It
isn't as scary as you think. If you want to buy a home, we probably have a
program that will work for you. There are no costs or obligations, plus we'll
give you a FREE credit report.
You'll never know if you don't call, so call right now!
 Fill
out our easy 
Online Loan Application!
Phone (651)
552-3681
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Email
Us
Equal
Housing Lender -
Our
services available only
for properties located
in Minnesota, Wisconsin,
and Florida.