FIRST TIME HOME BUYER

For the first time home buyer buying their first home will be an exciting decision. We will guide you through each step of getting mortgage approval till closing of deal. It is very important to have a pre planning.Factors you should consider to qualify for a Mortgage are:-
1.) Credit Score
2.) Income
3.) Downpayment
4.) Employment

Credit Score – Higher the credit score , you will get better terms. Work on your credit score before applying for Mortgages.

Income – You can access financial situation including income and expenses using soft check from banks. Lenders always use this as the main factor to determine your eligibility and interest rates.

Downpayment Rule – As per down payment rule , we need downpayment to the house value as follow :-

Following table shows the Property value and the required Downpayment Required.

Property Value	Minimum Downpayment Required
500,000 or less value	5%
500,001 – 999,999	10%
1000,000 or above	20%

Determine how much you want to spend, borrow, or repay. Use Mortgage Calculator(Mortgage Calculator) to estimate your monthly and annual payments. Contact us (Contact Us ) to know how much you can qualify for. You are one click away from getting the best mortgage Solution.