Homeownership is within reach for borrowers who meet certain qualifications. Knowing what items are needed to secure a home approval could help you buy a home sooner. Perennial Funding is a licensed mortgage lender that is dedicated to offering valuable tips and financial solutions for borrowers who are ready to buy a home versus renting.
Unlike shopping for a new outfit at the mall or online, buying a home requires a commitment. With an ample amount of focus and a positive mindset, a first-time home buyer could receive funding sooner than someone who casually approaches the task.
As one of the largest financial transactions that a consumer will make, purchasing a home is a serious endeavor that is filled with joy once the keys to the property are received.
Prior to placing a contract on a house to buy, it’s wise to save money for various home buying costs, such as an earnest money deposit, appraisals, inspections, a down payment and other closing costs.
In the months ahead of buying a home, a borrower can save money on a variety of weekly expenditures and splurges. Avoiding unnecessary costs, such as credit card late payment fees, banking fees and other items are fantastic ways to keep more money in the bank. Also, shopping to find discounts on food, beverages and gasoline can add up quickly.
Before long, saving $10 here and $50 there toward buying a home could result in hundreds or thousands of dollars within a few months.
Speak with a licensed mortgage lender sooner than later. Since receiving funding is the most important process in financing the cost of a home, it makes sense to speak with an experienced lender who understands the qualifying conditions for a loan approval.
Knowing whether to pay hundreds of dollars toward items shown on a credit report or to keep the funds for a down payment, closing costs and financial reserves could be the difference between a loan approval and a loan denial.
Apply online today for a home mortgage loan or call Perennial Funding at (888) 826-4856. Members of our loan origination staff have an excellent track record for following up with borrowers who need funds to buy a home or to refinance.
Based in Conshohocken, PA, Perennial Funding offers affordable home loans for first time home buyers and for buyers who are seeking to buy a home again.