Credit & Debt Repair - Refinancing - Mortgages!

CREDIT & DEBT

Credit Negotiation || Debt Negotiation || Debt Settlement || Consolidating Debt Online
Student Loan Consolidation || Consolidation Pros & Cons

HOME BUYING

Shopping For 1st Buyers Loan || First Time Loans Made Easy || Mortgage Rate Comparisons
Refinancing Questions to Ask || Online Mortgage Lending || Buying A Home With A Reverse Mortgage

REVERSE MORTGAGES

Pros and Cons of Reverse Mortgages || Turning Disadvantages to Your Advantage
Reverse Mortgage Income

HOME CONTACT

Things To Consider When Shopping For First Time
Home Buyer Loans

When shopping for first time home buyer loans itís wise to compare lenders and loans to get the best mortgage loan for your needs.

Among the first questions you should ask yourself is how big of a mortgage can you afford?

The answer should come from your gut instinct and only after you have spoken with a qualified lender. Ultimately youíre the only one who can determine what you can realistically afford.

You need to do your homework about firs time home buyer loans and find out the maximum mortgage you qualify for and then give some thought as to whether it falls within your personal comfort zone.

A potential lender will run some numbers for you and come up with a magic number based on the financial information you supply and your personal credit history.

Although it may be in the ball park of what you can afford, it may prove to be too much of a financial hardship in the years ahead.

First off, if you currently rent donít use your monthly rental fees as a comparison. First time home buyer loans are very different - itís like comparing apples and oranges.

Use your monthly rental costs as a guideline only. On one hand it would make sense to compare the two but you also have to consider other factors such as the need to pay extra for property taxes.

In a rental situation such taxes were incorporated in your rent. Property taxes can vary between a few hundred to a few thousand dollars per year depending on where you reside.

Furthermore, did your rent include utilities?

If so, you also need to factor in the cost of gas and hydro in addition to the cost of any firs time home buyer loans.

And what about having enough money you can put aside as an emergency fund for home repairs and general maintenance? Remember you no longer have a landlord you can call upon when something needs fixing.

Then thereís mortgage insurance to consider whenever youíre shopping for firs time home buyer loans. This is especially important if you have a high-ratio mortgage.

Another good rule of thumb when shopping for firs time home buyer loans is that if your current rent falls within your comfort level, aim for a slightly lower monthly mortgage payment.

Exploring your total monthly debt load as well as your total monthly housing costs is one of the best ways to figure out what is a realistic mortgage payment.

Your next task is to find a lender who specializes in firs time home buyer loans and who will offer you the best deal.

Again research and comparison is needed. It will take you some time to investigate both lenders and loan packages. But itís time well spent.

The time you took to investigate the best in firs time home buyer loans could literally save you thousands of dollars over the course of your mortgage.

The bottom line when searching for first time home buyer loans is to invest in doing your homework.

Research all your options before you start looking for that dream home.

Bookmark & keep coming back often!

MAIN INDEX - ARTICLES LISTING
Average 10 articles per category

Recommend this site to a Friend

FREE GIFTS CLICK HERE

Amazon.com

CLICKBANK

ClickBank the best way to complete a digital sale.

IF YOU CAN'T FIND THE INFORMATION OR PRODUCT
THAT YOUR LOOKING FOR - CHECK OUT THE CLICKBANK CATALOGUE
Over 10,000 + Products to Choose From!

If you're into Niche Resale Rights Products then check out my ebooks site
which has 120 + different ebook packages and still growing.

The Ultimate Recipe Collection [Cook Books]
CURRENTLY [57] DIFFERENT RECIPE E-BOOKS
CLICK HERE TO VIEW THE LIST

I'VE ALSO JUST FINISHED A SITE TOTALLY DEVOTED TO ...
'MASTER RESALE RIGHTS PRODUCTS'
CURRENTLY 83 DIFFERENT PACKAGES
DROP ON BY & HAVE A LOOK

Mail Order Products
Ebooks - Books - Software - CD's - Reports - Videos & Business Opportunities

Dunway Enterprises || Dunway Sitemap || Sub Domains Index

WebMaster & Site Design by Ken Dunn

Dunway's Network of Joint Venture Sites

CLICK HERE TO SEND MAIL

Copyright [c] Dunway Enterprises

ALL RIGHTS RESERVED

Tom Azzara - Newsletter & Book
Tax Havens of the World

Master Resale Rights - Resell and Distribution Rights!

Disclaimer | Privacy Policy | Terms Of Use

Credit & Debt Repair - Refinancing - Mortgages!