Home Starts Here on the Crystal Coast
Feel like you're leaping into unknown waters as a first-time homebuyer? It's normal to not know where to begin when you've never purchased a home before—that's when Linda Rike Realty comes to the rescue. We're here to guide you through the process of getting a mortgage, finding your dream home and making an offer, and completing the closing documents to finalize your first home purchase! So take some time to familiarize yourself with the home-buying process, and feel free to contact us with any questions you may have about real estate on the Crystal Coast.
Types of Mortgages
Let's talk about the four basic types of mortgages that are most commonly used.
What Do Mortgages Include?
Let's explore the four main components of a mortgage payment, often abbreviated as "PITI."
Determining the Best Loan Option for You
One of the most important steps in buying a new home is researching your loan options. Here at Linda Rike Realty, we recommend meeting with at least two different lenders before making your decision. To determine which lender can get you the best rate possible, you'll need to understand the two different types of interest rates that are offered by mortgage lenders.
Have you found your dream home but aren’t sure how to proceed from here? Now's the time to work with your trusted agent to come up with a competitive offer. You'll want to strategically craft an offer that you can comfortably afford but will also be a realistic offer for the seller to consider.
What Will I Pay Upfront?
Review Your Contract
Before you sign any paperwork, it's important that you carefully read over the contract with your agent or lawyer to ensure there are contingencies in place—this way, you won't still be obligated to buy the home if something falls through with your mortgage.
Ready to Dive Into Homeownership?
As your Crystal Coast real estate experts, we are ready to help you find the home of your dreams—reach out to our team today to take the next step toward buying your first home!