Homebuying January 30 2018

Essential Tips for Single Home Buyers

Buying a home is a big step for anyone, but if you are a single home buyer the process could be even more daunting. There may be some challenges faced when buying a home independently, but it is possible! With enough planning and understanding, you can become a homeowner without relying on anyone else.

Know What You Can Afford     

As you look into your options, think about what you want for your future, and if buying a home is going to contribute to that vision.

  1. Start by researching the community that interests you, and understand the financial commitment of the location.
  2. Assess your current finances and evaluate if buying a home is an attainable and overall smart investment.
  3. Account for all expenses that are included in homeownership, not just the sale price and mortgage closing costs. Think about property taxes, insurance, warranties, and maintenance when determining your budget. 

Calculator: How Much Can I Afford?

Build a Support System  

Whether you are a first-time home buyer or not, it is important to find people you can trust throughout the process. Buying a home is a major decision so it can be stressful at times, but you don’t have to go about it alone.

  • When house hunting, reach out to family and friends for advice along the way – outside opinions can offer valuable insights.
  • A realtor can also help you find the home you want, at a price you can afford.

When it comes to the legal paperwork, professionals are there to help you.

  • When you are ready to apply for a mortgage, your lender can refer you to special programs, which offer affordable interest rates and low credit scores to qualify. They will guide you through the process of getting all the necessary documents and help you find the best financing methods for you. 
  • A mortgage credit specialist can help you get your credit in check before applying or re-applying for a mortgage.
Find out how our Home Buyer Solutions Group can help you get pre-qualified.

Speak to a Credit Specialist today!

Homeownership is a great opportunity for financial security and independence. As a single homeowner, your financial responsibility will be crucial in buying and keeping your home.

Utilize your best budgeting practices to put yourself in the best financial position possible to ensure success in your newfound homeownership.

Sources: www.time.com/money www.simple.com/blog

Search Results for query

October 17 2019

What to Expect: The True Cost of Homeownership

Most soon-to-be homeowners are prepared to budget for their mortgage payment and down payment, but you should go into your dream of homeownership with a clear picture of all of the costs associated with this milestone.

Read More

October 09 2019

A Simpler Path to Homeownership with Credit Solutions

Interview with Credit Specialist, Sara Gellatly, to learn more about what HBSG is and how it helps real customers achieve their dream of homeownership. 

Read More

October 03 2019

Digital Mortgage 19

Digital Mortgage 19 took place from September 23-24 in Las Vegas. Three of our Executives had the honor of presenting at the conference.

Read More

September 24 2019

Understanding Your Loan Estimate

As part of your mortgage transaction, the Consumer Financial Protection Bureau (CFPB) requires that you receive a Loan Estimate at the beginning of your application process. You’ll receive a loan estimate within three days of submitting your mortgage...

Read More

September 20 2019

Eagle to Attend Digital Mortgage 2019 Conference

The Digital Mortgage conference features keynote speakers, panels, and live demos. Attendees will learn from top mortgage lenders, including Eagle Home Mortgage.

Read More

September 05 2019

What to Expect If Your Mortgage is Sold

Closing on a home only to find out your mortgage has been sold to another lender can be alarming yet is very routine in the mortgage industry. While it does not affect the terms of the loan, it is still best to prepare yourself for this common practice.

Read More

August 22 2019

5 Ways to Protect your Home from Invasion

In the US, according to the Department of Justice, almost 4 million household burglaries occur each year. While these are frightening statistics to any homeowner, there are steps you can take to deter burglars from targeting your home.

Read More

August 19 2019

Don’t Let Credit Bumps Hold You Back

While your credit is an important factor when considering homeownership, a common misconception is that you need perfect credit to buy a home.

Read More

August 09 2019

How Credit Impacts Home Pricing

Your credit will influence your homebuying experience, from setting your sights on a home to securing a loan and everything in between. But how exactly does credit affect home pricing?

 

Read More

12345Last

Mortgage Calculators

Crunch the Numbers With Our Helpful Mortgage Calculators

Payment Calculator

payment calculator

Payment
Calculator

Affordability Calculator

affordability calculator

Affordability
Calculator

Refinance Calculator

refinance calculator

Refinance
Calculator

The Modern Digital Mortgage with a Personal Touch

Paperless. Effortless. Awesomeness TM

Simplify the home financing process with our Digital Mortgage. We'll be here to help navigate you through the entire process.

Get Pre-qualifiedWhat is a Digital Mortgage?