by Jacques Poujade
LendPlus is an alternative-lending company that aims to provide clients with the funding they need through varied and flexible loan terms, a friendly staff, and a premium on low rates. With myself at the helm and our world-class customer service team, LendPlus has risen to become one of the leading lenders in the industry. Services offered include 30-year and 15-year fixed mortgage options, VA loans, reverse mortgage, flexible loans, and USDA loans. My company also specializes in real estate consultation, providing clients with sensible and fact-based advice when it comes to financing, buying, or selling real estate. Here are my tips for first time home buyers.
Pre-approval is the first important step towards buying a house. This is the reason why it is important to get this step over with as soon as you decide to buy a house. Pre-approval helps you avoid any glitch and bump in the road that could slow down the buying process and even cost you a hot property if you encounter delays. Pre-approval also makes you attractive to sellers because it is proof that you can readily obtain financing.
The housing market is fast-paced and you could lose out on a good deal if you take your sweet time. Be mindful of other buyers who are eyeing the same property as you are and be ready to step your game up. This means knowing when to be aggressive especially if the property is a good deal and if you are in a comfortable place to be making offers. We at LendPlus specialize in giving clients practical and sensible real estate advice especially when hot properties are involved. We can help you get the information you need on any property so you can study it and make the best decision at the right time. The site at LendPlus.com is also a great resource for related advice in choosing and buying real estate, whether you are doing so as an investor or as a potential first-time homeowner.
Having a real estate expert in your corner is extremely helpful because you can use your agent’s contacts and networks to gain access to a wider spread of listings. Make sure that you do your due diligence when choosing an agent, however. Ask questions and see if you get honest and reliable answers. A good agent will take time to explain each step of the buying process to you and will not make you feel rushed.
Many first-time buyers often forget to factor in HOA fees when buying a property. However, depending on where the property is located, you can be facing hefty fees especially if there are unexpected fees involved, such as reserve funds and special assessments. Do not forget to ask what the fees are if there are any, and factor these in when figuring out how much you expect to spend on the property. HGTV host Sandra Rinomato notes that maintenance fees tend to be non-negotiable and can go up periodically.
If you are buying a home for the first time, it is wise to learn all you can about the property and how you can make wise decisions every step of the way. This includes working with finance and real estate experts who have the experience and knowledge you need.