Five Tips for Getting Your First Mortgage
When it comes to a mortgage, your first one can be a little intimidating as you’ve likely been saving up for a long time. Today we’re covering some tips for getting your first mortgage so read on.
First and foremost, figure out how much you can afford to borrow. This will allow you to determine some other important facts regarding your mortgage, so this should be the first thing you do. From this information, you can then figure out how much you can afford for your down payment. All of this information will mean that you need to have a good handle on your financial history. If this seems unmanageable to you, or maybe a little too difficult, you can involve your loan officer before doing any of this.
After doing this, the rest of the process should be made fairly simple as long as you are attentive with what your loan officer needs from you. With that being said, there will also be a great deal of documentation needed so be prepared to have access to these things. The most important aspect of this process is to involve a loan officer as soon as you’re able to. Good luck!