LAFAYETTE AND WEST LAFAYETTE RENTERS:
BEFORE YOU WASTE THOUSANDS OF DOLLARS A YEAR ON RENT...
FIND OUT IF YOU QUALIFY FOR A HOME OF YOUR OWN!
Here Are 6 Things to Make You STOP Paying Rent Or What You Need To Know To Get Started Toward Buying Your 1st Home!
People fear what they don't understand. A good example is the purchase of a home. The average consumer knows very little regarding the home buying process. Between finding the right house, making sure it won't fall apart the day after it is purchased, and finding the best financing, it is no wonder that so many people are afraid to purchase homes.
Buying a home is one of the most important financial decisions an individual will make. For a first-time homebuyer, the decision to purchase a home can be daunting. It will represent a major step forward as the individual/family will be assuming potentially its largest responsibility. As with any major decision, it is important that everyone, especially first-time homebuyers, take full advantage of the information and training that is available to more clearly understand the home buying process.
To prepare, you should do research and be fully informed before beginning the search for a dream home. Here are 6 steps to get started:
- Before you start your house search, think carefully about what it will be like to be a homeowner. For most people, homeownership is an integral part of the American dream. That is not even to mention that the advantages (tax benefits, pride of homeownership, financial investment) far outweigh any drawbacks.
- Your credit history is one of the first things a lender will look at in making a decision on your loan. Contact one of the three major credit-reporting agencies to obtain a credit report. Review it carefully to be sure all the information is correct. If you find discrepancies, you should work with the credit agencies to resolve them.
- Saving for a down payment can be one of the biggest barriers to homeownership. Mortgage lenders recognize this dilemma and many now offer low down payment loans. Three and five percent down payments are commonly available, and there are some loans that require no down payment.
- Before you begin working with a Realtor®, first go to your local lender and ask them to pre-approve (not pre-qualify) you for a mortgage. Most lenders will provide this service free of charge. Pre-approval will let you know exactly how much you can spend on a home purchase BEFORE you start your search. A pre-approval in hand also makes you a more attractive buyer when you are ready to make an offer on a home. Home sellers are more likely to accept an offer from a buyer who can demonstrate the ability to secure financing.
- Many cities and counties offer down payment assistance programs for borrowers meeting certain eligibility requirements. Investigate these by calling your local housing department. You may also want to check with your mortgage lender and possibly local nonprofit housing organizations as well, to see if there are assistance programs in your area. Down payment assistance programs may take the form of "silent seconds," which are loans you take in addition to your mortgage to help make the down payment. Many times, silent second loans will have below market interest rates, and in some cases might not require payments until you sell your home. As an alternative, some local housing departments offer low interest rate loans for the entire mortgage, sometimes a full point below market interest rates.
- Many mortgage lenders, nonprofits, and even Realtors offer homebuyer education classes to prepare you for homeownership. Classes normally run about four hours and cover the basics of home buying. Some of the topics covered are how to apply for a loan, work with a Realtor, and make an offer on a home, the escrow process, and the responsibilities of homeownership.
FOR MORE INFORMATION OR FREE LOAN PRE-APPROVAL, CALL DON FRAZIER AT 765-446-2930!
OR VISIT MY WEBSITE AT www.IndianaMortgageMan.com!
More people who are renters now qualify to become a homeowner. Don't let fear or ignorance stand in your way. Our job is to educate and advise you. Call today to take one step closer toward realizing your dream of one day becoming a homeowner.
Here is a list of Apartment Communities in Lafayette & West Lafayette Indiana:
Williamsburg On The Wabash
400 N. River Rd.
West Lafayette, IN 47906
Beau Jardin
2550 Yeager Rd.#22
West Lafayette, IN 47906
Purdue Properties I
2601 Soldiers Home Rd.
West Lafayette, IN 47906
Peppermill Village
3303 Peppermill Dr.
West Lafayette, IN 47906
Foxfire at Valley Lakes
2121 Kyra Dr.
Lafayette, IN 47909
Waterford Court Apartments
320 Waterford Ct.
Lafayette, IN 47905
Pheasant Run Apartments
3090 Pheasant Run Drive
Lafayette, IN 47905
Bay Pointe Apartments
3331 Mystic Ln.
Lafayette, IN 47905
Cross Winds Apartments
3763 Winston Dr.
Lafayette, IN 47905
The Bluffs Apartments
305 Montifiore St.
Lafayette, IN 47905
Shenandoah Properties
3601 Driftwood Dr
Lafayette, IN 47905
College Station
2243 US Highway 52 West
Lafayette, IN 47906
Willowbrook West Apartments
2053 Willowbrook Dr
Lafayette, IN 47906
Salem Courthouse Apartments
3001 Courthouse Dr.
Lafayette, IN 47906
Campus Suites On The Lake
3800 Campus Suites Blvd.
West Lafayette, IN 47906
River Walk Apartments
1714 N. Ninth St.
Lafayette, IN 47904
Pemberly Court
3004-1 Pemberly Ct.
Lafayette, IN 47906
Georgetown South Apartments
1855 Shoshone Dr.
Lafayette, IN 47909
Your Local Mortgage Services:
Don Frazier
Mortgage Consultant
Office: 765-446-2930
Email: dfrazier@tippecanoemortgage.com
Website: www.IndianaMortgageMan.com
Mortgage services for Greater Lafayette and West Lafayette Indiana, Purdue University, Tippecanoe County and the surrounding Indiana Communities. We are a Local Company with a National Reach! Visit my website for great home loan information: http://www.indianamortgageman.com/
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