Soo FH and I are starting to think about buying our first house! Problem is-we don't know where to start. We are thinking if we qualify we would like to try to get an FHA mortgage.
Soo how do we start getting in the homebuying process?
dianeb888
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Re: First Time Home buying
Get a realtor...they are a big help and the seller pays them not you.
bebita0830
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Re: First Time Home buying
also start researching online for towns u'd like to move into, and their schools. We haven't bought a house yet, but that's our next project after the wedding, and I'm already looking into towns
Leia1920
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Re: First Time Home buying
we know what towns we want to live in FH called a realtor and they said to get a mortgage pre-approval first....do'nt konw how to do that or how to even find a broker..do we go through a broker or through a bank? i'm so confused
Tomsbride
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Re: First Time Home buying
I would figure out how much you can afford for a down payment and monthly payment so you can set up a budget. Then I would meet with a realtor so you can see places that fit that budget.
Also, research the towns you want and can afford to live in.
HTH!
dianeb888
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Re: First Time Home buying
Posted by Leia1920
we know what towns we want to live in FH called a realtor and they said to get a mortgage pre-approval first....do'nt konw how to do that or how to even find a broker..do we go through a broker or through a bank? i'm so confused
our broker was so good, let me know if you want his info
KarynK
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Re: First Time Home buying
I would research which mortgage company to work with. Check your bank too. Before doing all that, make sure you get your credit in check. Make sure it's as high as you can get it. The bank will run your credit and give you a score. It's a lot of work, and make sure you both agree on what type of house you want.
kshea23
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Re: First Time Home buying
My mom is a real estate agent for Prudential and is actually hosting a first time home buyer's seminar targeted to brides and grooms on march 24th. I can send you the info if you'd like?
kshea23
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Re: First Time Home buying
here's the link to the 1st time Home Buyers Seminar
My mom is a real estate agent for Prudential and is actually hosting a first time home buyer's seminar targeted to brides and grooms on march 24th. I can send you the info if you'd like?
omg who is your mom FM!!!! I work for Pru in the corporate office
kshea23
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Re: First Time Home buying
Posted by kimmaymb20
Posted by kshea23
My mom is a real estate agent for Prudential and is actually hosting a first time home buyer's seminar targeted to brides and grooms on march 24th. I can send you the info if you'd like?
omg who is your mom FM!!!! I work for Pru in the corporate office
Debra Shea
she works in the East Islip office
bebita0830
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Re: First Time Home buying
Posted by kshea23
Posted by kimmaymb20
Posted by kshea23
My mom is a real estate agent for Prudential and is actually hosting a first time home buyer's seminar targeted to brides and grooms on march 24th. I can send you the info if you'd like?
omg who is your mom FM!!!! I work for Pru in the corporate office
Debra Shea
she works in the East Islip office
cool! I was just gonna paste ur other post Kristen
kimmaymb20
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Re: First Time Home buying
Posted by kshea23
Posted by kimmaymb20
Posted by kshea23
My mom is a real estate agent for Prudential and is actually hosting a first time home buyer's seminar targeted to brides and grooms on march 24th. I can send you the info if you'd like?
omg who is your mom FM!!!! I work for Pru in the corporate office
Debra Shea
she works in the East Islip office
that name looks so familiar.... I love her office manager Gail <3 Im the licensing coordinator in corporate
SeptemberBride2012
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Re: First Time Home buying
We actually are going through the same process. You will get an application from your mortgage lender and will need at least two years of past W2 forms, last 2 pay checks, and all bank statements for the last 2 months, if you are printing the statements online make sure that they have your name on them and not just the last four digits of the account because they will not be valid since they cannot prove that it is your account. Your credit score will be run and they will calculate a debt to income ratio. It helps to know what town you want to buy in, for tax purposes, also the term of the loan that you want to qualify for, and the purchase price of the house. Also if you have any debt car loans, student loans, etc you will need to know how much left you have to pay and how long it is going to take you to pay it off.
FutureMrsGee
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Re: First Time Home buying
Posted by bebita0830
also start researching online for towns u'd like to move into, and their schools. We haven't bought a house yet, but that's our next project after the wedding, and I'm already looking into towns
hahaha something totally random but I think your profile pic is hilariously awesome :)
aquag12283
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Re: First Time Home buying
I used to work for a mortgage broker and he's fabulous. If u would like his info fm me and i'll get it too you ASAP!
