Let Us Help You Buy Your New Home!
Purchasing a home is a very exciting time, and being well
prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage
process. Below and throughout this site you will find
information that will help you with the purchase of your new home.
Am I ready to buy?
Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your situation.
How much house can I afford?
The first step toward finding the right home is to
quickly compute your purchasing power and determine how
much you can afford to pay each month. This saves you
time by allowing you to focus on homes in your price range.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of
the cost of the house. The more you can put down, the
greater equity you will have in your home and the lower
your monthly payment will be. For down payments, less than
20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
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Our Happy Clients
"Kirk and Dave at Bellwether Lending did a great job finding the right mortgage for our new house. They were easy to work with, explained things along the way and got the best deal for us. They kept us informed along the way which helped the process run smoothly. I would highly recommend Bellwether Lending for your mortgage and/or refinance needs. Thanks!"
"Kirk was personal and always went above and beyond to make our loan happen! We really enjoyed Kirk and have already told many family and friends about our very satisfying experience."
"Our society is full of "financial advisors" and "real estate experts" however Kirk's most enduring quality is the ability to guide you in a direction that reflects your lifestyle. In other words he won't let you bite off more than you can chew!! With more than 10 years with him we feel compelled to send our closest friends and family to him, so that their lives can be as blessed as ours."