HOME ABOUT US AIMaN ABOZEID MORTGAGE PROGRAMS MORTGAGE RATES REFINANCE CALCULATOR REQUEST CALL BACK CONTACT US SUBSCRIBE CORY KESSENIcH Look Out for These Common Pitfalls When Buying Your First Home by I N LA N T A MA D I S O N on AUGUST 6 , 2 0 1 3 0 COMMENT S Aiman Abozeid NMLS ID #237450 Email Me Cory Kessenich NMLS ID #208789 Email Me Toll Free: 877-240-5810 Toll Free: 877-240-5810 My Blog My Blog DaVID LEONaRD B R I a N C O ll I N S Like 7 people like this. Sign Up to see what your friends like. The majority of first time home buyers share two common goals; purchase a home that they really like and David Leonard NMLS ID #248526 Email Me Toll Free: 877-240-5810 My Blog Tweet get an affordable mortgage. However, there are common blunders people make when working towards these two goals. Here are some of the most common gaffes and ways you can avoid them. Dont Skip the Mortgage Pre-Qualification Personal trainers all have the same warning for new clients: get your doctors approval before starting a new workout. For homebuyers, the warning is get a pre-approval from a mortgage lender before shopping for a home. If Brian Collins NMLS ID #226323 Email Me Toll Free: 877-240-5810 My Blog

J O H N W I ck you are looking to buy a home represented by a real estate agent, they will ask for a letter of pre-approval before submitting your offer to the owner of the home. CONNEcT wITH US: Follow @MadisonMortgage Make Sure to Allow for Additional Expenses The monthly mortgage payment is just the beginning of expenses for a new homeowner. There are several other recurring things like property taxes, homeowners insurance, utilities and the repairs. Even if the home is brand new, at some time in the future a pipe will leak, the heater will need a tune up and the roof will need a patch. Budgeting for these expenses in advance will make things much easier on you in the long run. John Wick Consider Some Sweat Equity NMLS ID #248499 View my profile Email Me Toll Free: 877-240-5810 CaTEGORIES Many young couples want to get the perfect home in move-in condition. However, the home that you truly love may simply be unaffordable. It is better to get in to a house that you can afford and spend a few weeks working on new paint and yard clean-up than to get in to a place that takes all of your discretionary money. Be Happy with the Home, but Also Be Reasonable Conventional Loans This point is similar to the previous point. Some people have it in their head that they MUST have an extra bedroom FHA Loans for entertaining guests or relatives. Or they MUST have the biggest, nicest yard on the block. Sometimes it is better First Time Home Buyers to get a home that is easy to afford and missing one or two items that you can live with rather than settling for a Jumbo Loans Mortgage Rates house that truly meets their immediate needs. Dont Ignore a Home Inspection MortgageUpdated To search, type and hit enter SUBScRIBE News and Updates Since this is your first time to purchase a home, it makes a lot of sense to spend the extra funds on a home Entries (RSS) No Money Down Loans inspection. A trained professional will be able to spot things that you may have missed in your short review of the Subscribe to Email Updates Refinance Loans home. The inspection can confirm that you are getting a good home or it can save you the pain of buying a lemon. Reverse Mortgage Consider Future Plans for the Area USDA Rural Housing Loans VA Loans HOME PaGE Home Page Ask your real estate agent if there are major plans for your area. A new interstate, new school or a new shopping Mortgage Rates district could have tremendous impact on the value of your home as well as the enjoyment of the neighborhood. ARcHIVES October 2013 Being alert, and following some sound advice can keep you from buying the wrong property and ensure that you MORTGaGE PROGRaMS: truly get a lot of enjoyment from your home purchase. 40 Year Mortgage September 2013 Cash Out Refinance August 2013 View additionalfirst time home buyerinformation from our main site. Also, you may want to check out our July 2013 detailedloan processpage. June 2013 May 2013 Contact usbelow orapply onlineto see if you qualify for a first time home buyer program including conventional financing, jumbo loans, FHA, FHA 203k, VA and USDA Rural Housing loans! April 2013 March 2013 February 2013 January 2013 Fannie Mae DU Refi Plus FHA 203k Loans FHA Loans FHA Refinance First Time Home Buyer Freddie Mac Home Possible Freddie Mac Open Access Refinance

December 2012 You might59 also like: 59 7 7 4 4 Government Loans November 2012 HARP Fannie Mae & Freddie Mac October 2012 Interest Only Loans September 2012 Jumbo Loans August 2012 Jumbo VA Loans July 2012 Lender Paid Mortgage Insurance June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 Chicago FHA Mortgage Loans Chicago FHA Refinance Chicago FHA loans are available to anybody but are used most often by first time home buyers an... First Time Home Buyer Information for Illinois Wisconsin Minnesota Florida Residents In the past, lenders have required at least 20% down payment on a Wisconsin, Illinois, Minnesot... No Money Down First Time Home Buyer Programs: FHA, VA and USDA Don't wait to find out if you qualify for a mortgage as a first time home buyer. November 30th ... Items First Time Home Buyers Need to Know: Part 3 The Loan Process Although buying a home usually requires getting a loan, this type of loan is very different fro... Article by Inlanta Mortgage November 2011 October 2011 Inlanta Mortgage opened for business in 1993 in Waukesha, Wisconsin. With our superior service and wide variety of available loans we have grown to 27 partner branches located in the following states: Arizona, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, North Dakota and Wisconsin. September 2011 August 2011 June 2011 As a mortgage bank we can provide loans using our own funds or we can use the loans and guidelines provided by one of our many lenders. We offer tremendous support to all of our partners through outstanding marketing, underwriting, compliance auditing, loan processing, technology, accounting, and legal advising. May 2011 April 2011 March 2011 February 2011 Our wide array of lender relationships provides our customers with the best loan programs currently available today, whether it is conventional lending, FHA purchase loans, or VA loans. Inlanta Mortgage is an active member of the Mortgage Bankers Association, upholding high levels of ethics and honesty in all transactions. As a member of Lenders One Inlanta Mortgage is a part of the biggest cooperative of mortgage bankers within the United States. We are proud of their A+ rating with the local Better Business Bureau. January 2011 NMLS ID #1016 December 2010 November 2010 Connect with us: September 2010 July 2010 June 2010 May 2010 INLANTA HAS WRITTEN 849 ARTICLES. Subscribe to our feed via RSS or by EMAIL to receive instant updates. Contact us with questions: Toll Free: 877-240-5810 Email: questions@madisonmortgageguys.com April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 No Money Down Refinance Reverse Mortgages USDA Rural Loans PREVIOUS POST: VA Streamline Refinance IRRRL R E c E N T l Y P O p U la R Getting a Great Deal on a Home in the Country New FHA Back to Work Initiative makes it Possible to Buy a Home Even with Bankruptcy or Foreclosure Common Questions about the Reverse Mortgage Look Out for These Common Pitfalls When Buying Your First Home First Time Home Buyers Should Stay Away from these Pitfalls October 2010 August 2010 My Community Mortgage VA Loans December 2011 July 2011 Less Than Perfect Credit USDA Is Still a Viable Option for Purchasing a Home with No Down Payment Illinois No Money Down First Time Home Buyer Loans: FHA, VA and Rural Housing USDA Rural Housing Refinance Features and guidelines Tagged as: Addison First Time Home Buyer, Appleton First Time Home Buyer, Aurora First Time Home Buyer, Barrington First Time Home Buyer, Barrington Hills First Time Home Buyer, Bartlett First Time Home Buyer, Bloomington First Time Home Buyer, Brookfield First Time Home Buyer, Carol Stream First Time Home Buyer, Chicago first time home buyer, Eau Claire First Time Home Buyer, Eden Prairie First Time Home Buyer, Elmhurst First Time Home Buyer, Florida First Time Home Buyer, Geneva First Time Home Buyer, Glen Ellyn First Time Home Buyer, Hoffman Estates First Time Home Buyer, Illinois First Time Home Buyer, Joliet First

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