Mortgage Resource Center
Mortgages and Home Buying Programs
Your first step in the process of buying a home is to determine how much you can afford to borrow. A basic rule of thumb is that a lender will want your monthly mortgage payment to be no more than 29% of your monthly gross income.
There are many different kinds of mortgage programs available. It is best to do some research about the pros and cons of each program. A real estate broker can help you understand the steps you will need to take, and can refer you to a reputable mortgage broker or service. There are also special home buying programs available from various organizations and many local governments that offer special home buying programs to help first-time home buyers and those in a lower income bracket. Get informed - you may be surprised to discover what you are eligible to borrow!
From Our Clients
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After 2 full days and 9 houses visited with Peter, my wife and I had decided on the perfect second home for us. As we drove, I told Peter anyone could have driven us around; now was the hard part. He was incredible in pulling together a deal in a matter of a few days. Having bought 4 houses in our marriage, I can say that Peter was by far the most professional realtor, paying attention to every little detail such that the closing was the easiest and smoothest we have ever been through. It is a bonus that we now include Peter and Elaine amongst our friends. Kevin & Marie |
