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Lance@tampa2enjoy.com
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Are You Searching for Your First Home?
Published by Lance Mohr | Filed under Home Buying Tips
Make no mistake; this venture may not be a simple one, as lenders are skeptical to first-time buyers in the market today. The first step is to clean up your credit. Close any credit cards and pay off any debts, as this will raise your score. There are three sources that an individual may want to seek, in order to obtain a mortgage: A mortgage broker, a mortgage banker or a bank. Of the three, mortgage brokers may be one of the best options. Be prepared to pay a fee, but you may be able to find what you need. Tampa realtors know the business, but may work with a limited number of lenders. If you choose a realtor, make sure the individual knows the area and has experience in the field. The bank is a good source, as long as you receive a good rate. You don’t have to use your own bank, for there is most likely another one right around the corner. Keep in mind that banks may not waiver on their fees and they may have limited programs. Though I bank with Bank of America, I do not recommend them for mortgages. Their customer service is horrible!
