Mortgages
(basic information on applying for a mortgage;
information a mortgage lender needs, mortgage types - ARM versus
Fixed rate, FHA mortgage versus Conventional mortgage),
Agents
(how to find a real estate agent, real estate agent
qualities to look for),
The
Right Home (a checklist of things to consider
when starting your home search, different types of houses with
descriptions, and different types of apartments with descriptions,
some basic home buying tips),
and
Offers/Buying
(putting down an offer and what it entails and the
basic process around closing day).
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We
are still constantly updating the site with new information on buying
houses and apartments so keep us bookmarked. Happy house hunting! :-)
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The Basic Home Buying
Process: |
Find out how
much you can afford. |
| Get a pre-approval from a
lender on funds for a mortgage. |
| Find a real estate agent. |
| Start searching for your
dream home. |
| Put
an offer down. |
| Get the home inspected. |
| Pay
for house or apartment (down payment and fees). |
| Congratulations,
You own a new home! |
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•Don't
settle for anything less than what will make you happy.
–Patience
is key when searching for houses or apartments, if you
find a house that is not up to your standards wait it
out, there are always more houses coming on the market
constantly. You don't want to end up regretting spending
a lot money on a house that you settled on because you
can just deal with it.
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•Always
do your research for neighborhoods and house types.
–Get
information on school districts surrounding the home
you are looking at. Even if you don't have children
school districts can have an influence on resale value
of a home.
–Call
the local police department to check out crime rates
in the area.
–Drive
around neighborhoods you may be interested in all times
of the day and night. (You may uncover something you
wouldn't have seen at the property viewing times.)
–Know
your house or apartment types.
(Cape style house, Ranch
style house, High Ranch
style house, Studio apartment,
Garden apartment etc.)
–Before
putting an offer on a house check out comparables in
the area. (Look for trends in pricing for houses or
apartments in similar contion.)
–Make
sure there are no open permits or surprise back money
owed to town for the property by calling the town hall.
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•Never
judge a book by its cover.
–A
new home may look like a dream come true from the outside
but always be sure to have a thorough inspection done
by a professional. (Underlying issues which are not
visible to the untrained eye may cost thousands in the
long run.)
–On
the other hand, a house which may not look as appealing
from the outside can end up being a deal of the lifetime
with a few affordable cosmetic touches.
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•Always
be as educated as possible when you apply for a home loan
/ mortgage.
-Whether
you are looking to buy a house or an apartment you will
need to apply for a mortgage either way. You will need
to know your home loan types, interest rate options, your
home loan terminology and more.
-TheNewHomeSite.com
has compiled a list of important tips you need to know
about applying for a mortgage including definitions, mortgage
types and how to find a lender for your mortgage...More
Details on Mortgage Tips.
-We
have also included additional information on the home
loan process on the Mortgages
page of this site.
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Home
Mortgage Information Finding
a Real Estate Agent Finding the Right Home
For You Putting down an Offer/Buying
a House FAQ
About Us Contact
Us
TheNewHomeSite.com was created to help first
time homebuyers gain some knowledge about buying a house or buying an apartment
before diving into the home buying process. We hope that the house buying and
apartment buying information on this site is found to be helpful and easy to
understand. Any home buying, house buying, apartment buying tips to add to the
site are welcome. We are constantly working to expand the information about
looking for houses, looking for apartments, finding a homeloan (mortgage) lender,
the process of finding a home loan / mortgage, how much can you afford on a
mortgage and how much should be put down in cash before taking out a mortgage,
detail in finalizing the mortgage, mortgage calculator, additional mortgage
types, detail about types of mortgages,things to look for when buying a house,
house types, apartment types, condominiums, information on putting an offer
down on a house, information on putting an offer down on an apartment, detailed
information for closing process on a house, detailed information for closing
process on an apartment, details of closing contracts for houses, details for
closing contracts for apartments. Any additional questions about adding specific
home or apartment information can be emailed to drew@thenewhomesite.com. Thank
you for visiting us.
