The importance of New home mortgages especially for first time buyers is increasingly relevant when talking to your realtor. The majority of us require a mortgage to purchase a home and getting pre-qualified is quite simply the best way for you to get serious attention from your realtor and from the seller.
Buying a new home or a home in pre-construction is no different. In fact by buying a new home you are giving yourself far more time to prepare your finances. Most families put a bid on a property before they even think about speaking to a mortgage company and this leads to many of these families never actually being able to close on the house of their dreams.
Buying a new home in construction and even an inventory home involves much less pressure if pursued correctly. All builders have guideline ‘dates of completion’ and these will set closing horizons / schedules at least with some approximation. Understanding these time frames and working with them will allow you sufficient time to organise your finances without burning the candle at both ends.
Solutions First Mortgage will assist you in getting your finances in order and help you to understand the “What needs doing” and the equally important “What you don’t need to do” elements of successfully getting new home mortgages which will buy you your new home.
Many developers will offer you finance through their own partners, but we recommend that you shop around to get the best possible solution for your financial situation.
New construction financing is not the kind of loan you can shop online for. It is far more likely to be found locally because local banks are more comfortable with making new construction home loans as they know the local market conditions far more intimately than national lenders. Working with a mortgage broker who knows which lenders to contact in these markets is essential to getting the right mortgage for you.
To read more about how Solutions First Mortgage can help you in buying your new home and getting New home mortgages visit their website www.solutionsfirstmortgage.com.
Solutions First Mortgage are based in Sarasota on the west coast and provide mortgage coverage throughout the state of Florida
