East Texas First Time Home Buyers
Your Dream Home in Lindale is Ready to Meet You!
Buying your first home is a big deal! And it can seem pretty intimidating if you're not entirely sure where to start. But we'd like to reassure you that buying a home doesn't have to be scary or stressful—in fact, it should be exciting! Take some time to learn a little more about the homebuying process and where you should start. Feeling overwhelmed, have questions, or ready to get started? Contact us at any time!
Types of Mortgages
There are a LOT of different mortgage options out there. Some are quite common, others very rare. The type of mortgage that works best for your will depend on your unique situation—your finances, the type of home you're buying, your marital status, and more. Here are a few of the more common mortgage types used by first-time buyers.
What Do Mortgages Include?
Your mortgage isn't just a return of the money you borrow to pay for your home. Here's a quick look at everything your mortgage entails.
Going Loan Shopping & Getting Prequalified
Now that you know a little more about (a few of) the loan options out there, it's time to actually go out and get a loan! Wait... it's not as scary as it sounds, promise! Here's what to do.
Part 2: Shopping Homes for Sale in Lindale
Congratulations: you're prequalified for a mortgage! Now comes the fun part: home shopping! But before you jump right in, there are a few things you might want to keep in mind.
Offer, Negotiate & Sign
Sit down with your agent to determine an acceptable offer price. This should be based on comparative homes recently sold in the area. Your agent can help you find a price that's comfortable to you—but still appealing to the seller. Once you find a price, your agent will write up your offer! Here's what the process looks like.
Part 4: Closing the Sale
Once you and the seller have agreed on price and negotiated for any repairs or credits following the home inspection, you'll need to finalize your mortgage and get ready to close on your new home! It's almost time to get keys!
The Final Steps
This final stage of home buying is probably the most tedious—it's really just a lot of paperwork, signing, faxing or scanning, and gathering more paperwork. Deep breath. You'll get through this. The end is in sight!