Locking in favorable terms with a fixed-rate mortgage. As of this writing, interest rates are at their historical rock-bottom. Receiving a fixed-rate mortgage lets you potentially lock in the most affordable terms we’ve seen.
The Money-Saving Secrets of the Home Purchase
If you’re tired of throwing rent toward the landlord, you can keep some of that money by putting it toward the principle of your very own home mortgage. Why bother? Here are some of the money-saving secrets that homeowners can enjoy:
Get pre-approved for a mortgage to do your research first. Ready to shop around? There’s no pressure. Get pre-approved for a mortgage and find out how much home you can afford—these are essential next steps that convince a home seller that you mean business.
Buy the home you can afford. When you know your total monthly liabilities, your income, and your credit rating, you can easily calculate just how much home you can afford. This will help ensure that you buy a house that remains a long-term blessing and not a strain on your budget.
The Stats: What You Need to Know Before You Buy a Home
Homeownership is common. In fact, statistics from 2019 show that the homeownership rate was a staggeringly high 64.8%, which means the majority of people have gotten out of the rent cycle and into their own home.
You don’t need experience. First-time home buyers constitute one-third of all home buyers, which means that you don’t have to feel intimidating by the home buying process, even if it’s your first time. It’s far more common to be going through this process for the first time than you might imagine.
The average length of time is low. Have house fever? You’d be surprised how quickly things can move. The average length of time between someone visiting a potential home for purchase and the closing date was only 73 days, or two and a half months.
Are you interested in finding out if a home purchase makes sense for you? Are you ready to join the ranks of homeowners and lock in potentially low rates?
Jamie is so kind and extremely professional. Our home loan process was painless. We highly recommend Jamie to anyone looking for an amazing lender.- Michaela Bateman-Rowe
Jamie is a true professional that is deeply committed to providing excellent customer service for all of her clients.- Tiffiney Domina
Jamie is very patient on explaining things, communicate very well and prompt, and done her best getting us approved on our loan. Thanks for being patient with us Jamie!- Winny Hale
Super awesome at what she does. Takes great care of her clients- Brian Berg
Jamie is the ultimate professional! She answered our questions, researched the best deal, and displayed honesty and integrity in all of her communication. We closed on time even with a few bumps on the way. I recommend Jamie for anyone buying or refinancing a home. Thank you Jamie!- Brenda Bamford
She always kept in touch and was extra diligent in all aspects of our process. Very thankful for all her hard work and helping us get into our first home.- Brittany Wriglesworth
The process of our loan was long and difficult, but Jamie was able to help us along the way. Every time we had a question Jamie had an answer for us. She was always giving us a call at least once a week if she didn't hear from us to inform us on how our loan was coming along and what steps we needed to take next. Like I have mentioned our loan was a long process because of the type of home we were purchasing and Jamie as well as Lisa did and amazing job. We just want to thank you very much on helping us and answering every little question we had. Thank you again for helping with the purchase of our home.- Trina Lantau
Jamie was very easy to work with her. She always took the time to answer my questions. The whole homebuying process was very easy and simple. I could text or call Jamie anytime and she was always available. Jamie tries very hard to work with me as a client and gives me the best scenarios and I always appreciate that.- Alejandra E.
As first time homebuyers we had a wonderful and positive experience working with Jamie and her team. Great communication and excellent recommendations.- Madanna B.
What You Need To Know About A Home Purchase
Why should I buy a home rather than rent?
Everyone’s situation is different. However, in the era of low interest rates, a new home purchase can make financial sense for a lot of people. Locking in these low interest rates can mean paying less for more square feet in some cases. That said, every person’s situation is different, and your motivations for buying a home (including the need for more space or privacy) may differ from other people.
How do I start the home buying process?
One of the best ways to show that you’re serious about buying a home is to get pre-approved for a mortgage. This will give you some leeway when it comes to making offers when you view homes. And in some cases, it’s viewed as a necessity when you go out shopping for homes. In many cases, the process is as simple as finding out what you can afford given your current income, levels of debt, and financial obligations. The good news: it’s a lot simpler than you think!
What kinds of financial commitments do I have to make?
There are a lot of options for financing when you make a home purchase, so don’t feel that you have to commit to any particular one at this point. You’ll find that it’s possible to make a 20% downpayment, for example, but there may be types of financing available that require far less—as low as 3%, depending on your situation.
Why is now a good time to buy a home?
Although every situation is different, low interest rates tend to mean generous financing terms for people taking on a home mortgage. Having a mortgage with low fixed interest rates, for example, can be a powerful hedge against inflation in periods of higher inflation—where in the interest rates are typically higher. But we should reiterate that every situation is different, and you should do what’s best for your situation and your own family.
What is the next step?
Click through our buttons above to find out whether you qualify for great terms on a new home purchase!