Pasadena First Time Homebuyer
Are you a first time home buyer? If you’re overwhelmed or confused, don’t sweat it – the home-buying process is quite complex. After deciding on the home you wish to purchase, you need to find a lender for your mortgage, which is arguably even more stressful than deciding on your home in the first place.
Let the experts help you out. Here at Capital Source Financial, we are Pasadena’s most trusted and reputable mortgage company, and we have helped hundreds of first time home buyer’s just like yourself get matched with the perfect mortgage. Our goal is the right loan at the right price – something you are comfortable with, and with the lowest rates possible.
Call (866) 303-7050 or click button below to get started now.
Pasadena First Time Home Buyer Checklist
Get pre-approved. In order to show buyers you are serious about purchasing, it’s smart to get pre-approved for mortgage financing.
Set aside a down payment. Usually, mortgages require a down payment between 3% and 20%. The more you can commit, the better.
Find a home. Decide on a purchase price, search MLS here
Compile your documents. You need to prove your financial claims. Along with your credit report, put together pay stubs, tax filings, and other documentation. We can help you with the full list.
Calculate your (rough) monthly payment. Make sure that the home you are buying is within your budget. We can help you make accurate calculations to ensure you are making a smart buy.
Contact a reputable mortgage broker like Capital Source Financial. You are free to do your own research online, but ultimately, when you are ready to get started, you will need to contact a reputable broker like us.
Buying “too much house”
Buy only what you can afford! If you buy “too much house”, you’ll struggle to make your payments down the line, which is stressful.
Not making complete monthly calculations
Keep in mind that there are taxes and other fees associated with owning a home.
Not contacting a broker
Unless you yourself are a mortgage broker, you must contact a broker to get the ball rolling. Going up against lending corporations without the experts at your side means you might commit to a mortgage that’s far too expensive.