The Blog

Guest Blog: What You Need to Know about Buying a House

Categories: Blog, Financing | Posted: March 1, 2019

Buying a home should be an exciting process, not overwhelming. Review the items below to ensure all goes smoothly, and you will be well on your way to purchasing and owning a home.

Benefits of Buying A Home:

  • Avoid rent increases and cancelled leases.
  • Opportunity to build your credit.
  • Receive tax benefits by deducting your mortgage interest and real estate property taxes on your income tax returns.
  • Build home equity.

What to Consider Before Buying a Home:

  • Financial Stability and Budgeting: You will need to pay your mortgage and utilities monthly. You must budget enough funds to cover costs for maintenance and repairs, property taxes, homeowners insurance, and possible HOA fees.
  • Risks: Due to the ever changing market, a real estate investment does not always increase in value. Your property value may increase or decrease over time.
  • Commitment: When you own a home, it is harder to pick up and move on short notice; therefore, you’re obligated to sell the home first.

How do I get started?

  • Create a financial plan to understand your credit and how much you can borrow.
  • Contact your local mortgage lender to see what type of loan you qualify for and how much you can borrow.
  • Contact a licensed real estate agent as they offer professional assistance, market knowledge, and up-to-date information about geographic areas, home listings, pricing, school districts, and more.


This post is presented by our guest blogger and one of our preferred lenders, Danielle Desousa of HomeStar Financial, NMLS #1649268.
If you have questions about this article or any mortgage questions, contact Danielle at 386-589-9037 or any of our preferred lenders.

For more information about HomeStar Financial visit www.homestarfc.com/danielledesousa

For a full list of our Preferred Lenders, click here.

Ring in the New Year with Your Dream Home

Categories: Uncategorized | Posted: December 17, 2018

With rent prices continuing to rise, make it your New Year’s resolution to get rid of rent payments!

Buying a home is easier than you think:

  •  Down payments can be as little as 3% down*
  •  You can get your dream home at first sight with a pre-approval
  •  There are many flexible credit programs to get the best deal for you
  •  Interest and property taxes are tax deductible**

CALL TODAY AND START YOUR NEW YEAR OFF IN YOUR NEW DREAM HOME!

*3% down payment allowed on purchase of 1-unit primary residences only, conforming loan limit applies. Eligibility for 3% down payment may also require a homebuyer education and counseling course. Other restrictions may apply. **I am not a tax professional; please consult a tax advisor for further information regarding the deductibility of interest and charges.

— Lori Zimmerman, Mortgage Loan Originator, NMLS# 1062900
50 Leanni Way, Unit E3, Palm Coast, FL 32137
Cell: 386-449-9506
lzimmerman@homebridge.com
www.homebridge.com/lorizimmerman

Homebridge Financial Services, Inc. 194 Wood Avenue South, 9th Floor, Iselin, NJ 08830. Corporate NMLS #6521. Branch address: 50 Leanni Way, Unit E3, Palm Coast, FL 32137; Branch NMLS# 897359. Rev. 11.16.18 (1118-2837) LR-2018-828

 

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