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

March 27 2019

Interest rates have dropped!

Get Your Home Equity Working for YOU and Refinance Today 

Read More

March 25 2019

5 Steps to Kickstart Your Mortgage Refinance

Ready to refinance your home, but don’t know where to start? Here are some necessary steps to get you started to possibly decrease your monthly payments!

Read More

February 07 2019

A Modern Mortgage with a Personal Touch

In the digital age, we know that you expect a simple online experience that is quick, easy and guides you step-by-step through the mortgage process. With Eagle’s Digital Mortgage, you can apply for a home loan faster and easier than ever before –...

Read More

February 04 2019

How Secure Is Financing Your Home Online?

Technology has changed the way we live our lives – including home financing! Eagle’s Digital Mortgage has been found to save days (even weeks!) in the mortgage process by providing a more complete pre-qualification upfront and an easy way for you to...

Read More

January 23 2019

A Community That Fits Your Lifestyle

You’ve worked your sixty-hour weeks and raised your family, now is the time to live the lifestyle you deserve. Lennar's award-winning Active Adult communities create a relaxed and stress-free setting while also offering a variety of amenities and...

Read More

December 17 2018

FHA Announces New Loan Limits for 2019

The Federal Housing Administration (FHA) has announced their new loan limits—and it looks like it’s another increase in 2019!

Read More

November 15 2018

The Impact of Rising Rates

If you’ve ever had a credit card or purchased a car, you should be familiar with interest rates. An interest rate is the percentage of the amount you are borrowing (known as the principle) charged by the lender as a fee for allowing you to use their money....

Read More

November 12 2018

What to Keep From Your Closing

After several stressful months of buying or selling your home, it may be tempting to put the transaction in the past and dispose of the evidence—which is often more than 100 pages. However, there are several important legal and financial documents...

Read More

November 05 2018

What is an Appraised Value?

Everyone wants to sell their house for more than they bought it for, but real estate is trickier than that. Markets change, and home values change right along with them. Fortunately, there are licensed professionals called appraisers who will come to your home,...

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?