First and Second Mortgage Secrets Revealed

Have you bought a house yet or are you scared of the entire process? Between the application, the house, and getting a first and second mortgage, why does this seem like a good thing? 

Well, I write today to uncover some of the hidden truths behind the process. Now, I won’t lie to you. This is not a process for the impatient at heart. But I will let you know how I look at it from the perspective of a buyer as well as a banker. I was a first time homebuyer once but I have also done hundreds of mortgages and know more of the ins and outs. 

The first part of the process is to figure out what you want. As simple as that sounds, many couples sometimes have a hard time narrowing down where they want to live. This is so crucial though because a Realtor™ can’t help you without some idea what you are looking for. Think about what area of town you want to live in and spend a couple of weekends driving neighborhoods to see what catches your fancy. After you have done that, look for a realtor. Don’t choose the first realtor you find. Instead, talk with your friends and family and see who they have worked with. With so many Realtors™ out there, you can find a good one. Also, look at who lists and sells many of the houses within the area you want to buy. This might be an agent you may want to contact since he or she knows the area very well and is highly productive. The realtor will want an idea what you can afford and may push you towards a mortgage broker. You don’t have to do this. You can decide where you want to do the mortgage.