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Easy Tips for First Time HomeBuyers in MA | Drew Mortgage

Buying a home for the first time is a roller coaster ride. You donu2019t know many things, documents, official formalities, taxes, and more. There is a lot to work on before you can relax on your living roomu2019s couch. In this presentation, Drew Mortgage has shared some easy tips for first-time homebuyers in MA and across the USA. Check now and make your home buying process bliss.<br>Read more - https://www.drewmortgage.com/first-time-home-buyer-mortgage/

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Easy Tips for First Time HomeBuyers in MA | Drew Mortgage

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  1. Introduction Everyone dreams of owning a house. The feeling of holding keys to your own home is special. However, there is a lot behind the curtain. A home buying process for the First time homebuyers can be a stressful affair. You must go step by step for a home purchase. In this presentation, Drew Mortgage has given some easy tips for the First time home buyers in MA and across the USA.

  2. Be Down Payment Ready • When you take a home loan, the amount gets divided into Down Payment & Loan Amount. • The common practice of 20% down payment and 80% is now vanishing. • You can opt for the lowest 3%* of the total amount as a down payment. • Do savings for the down payment before buying home. • Don’t wait till you sign the property papers. Save in advance.

  3. Set Budget Before Searching • Determine how much you can afford to spend on a home, including monthly EMIs. • Do not think about future growth, which is not less than fiction today. • Overburdening your finances with EMIs is a big No. • Be optimistic. You will find an ideal home under a decent budget. • Check other future expenses.

  4. Hire a Real Estate Agent • Real Estate Agents are very helpful in property buying. • You may want to skip contacting agents. However, for FTHB having an agent is recommended. • Agents work on practical grounds. • Agents know how to deal with officials, get you a perfect loan and more, • Hire a trustworthy agent/advisor. You will never regret paying their fees.

  5. Maintain good Credit Score • A good credit score is significant for easy loan mortgage approvals. • Mortgage providers carefully analyze the credit score before risking their finances. • Various loan mortgages have different credit score criteria. • Maintain a decen.t credit score before you go for the home purchase. • Refrain from making significant transactions during the home buying process.

  6. Save Money for Shifting • It happens many times that people exhaust their finances in the process. • However, there need to be some savings for shifting your home. • Movers and packers ask for instant payments. • Also, there can be some decor or repair expenses. • Be ready with allocated finances for these expenses in advance.

  7. Check all the mortgage options • There are many FTHB loan programs options in the market. • Ask your agent to find a suitable loan option for you. • Understand the terms and conditions before finalizing your mortgage plan. • Check your financial goals with the expenses. • Consult various Massachusetts mortgage companies or nearby agents.

  8. Conclusion • Buying a home for the first time is a unique experience. • You must look for an agent and follow the above tips. • Drew Mortgage is a comprehensive mortgage planner. • We can help in FTHB loans at the best rates. • Get ready to buy your first home without a hassle.

  9. DREW MORTGAGE BRANCH OFFICES: Drew Mortgage Associates 196 Boston Turnpike Road, Shrewsbury, MA 01545 Phone: (508) 753-1656 Peabody Mortgage Lenders Boston Mortgage Lenders 1 Mt Pleasant Drive Peabody, MA 01960 232 Commercial St.Boston, MA 02109 Phone : (978) 750-1080 Phone : (617) 523-3060

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