Deb Tebbs Group

Cascade Sotheby's International Realty

Category: First Time Home Buyer

What’s The Best Advice for First Time Bend Oregon Home Buyers?

June 21, 2016 – 5:56 pm

Get The Best Advice For First Time Bend Oregon Home Buyers Here!

BEND, Ore. – So you’re planning on buying your first home and everyone from your relatives to your co-workers are offering you advice but, what’s the best advice for first time Bend Oregon Home Buyers?

In this article, we will share with you first-time advice you should follow that will simplify the process of buying a home and help you have a smooth real estate transaction

#1 – Get Your Credit in Order before Applying For a Mortgage Loan

If you’re planning on financing your first Bend Oregon home one of the most important things you should do is get your credit in order before applying for a mortgage loan because a higher credit score means you will be able to get a mortgage loan with a low-interest rate.

#2 – Get Pre-Qualified For a Mortgage Loan

As a Bend Oregon Home Buyer, one of the most important things that you can do is to get pre-qualified for a mortgage loan because a pre-qualification means that your lender will thoroughly review your finances and you will know the exact amount of the mortgage loan you have been pre-qualified for.

#3 – Know the Exact Home You’re Searching For

Before hiring a Bend Oregon Realtor® another important thing you can do is know the exact home you’re searching for including location, bedrooms, bathrooms, square feet and amenities because many first time home buyers waste time when they don’t know what they really want in a home when this is the first thing that every home buyer should know before starting their home search.

#4 – Be Ready To Act Quickly

One of the biggest things that will set you apart from other Bend Oregon Home Buyers is your ability to act quickly when your agent tells you that they’ve found listings which match your search criteria.

Many buyers will take their time to view listings and in this Real Estate market waiting 24-48 hours to view a home could be too late since it’s not uncommon for a home to have received multiple offers within just 24 hours.

Get More Advice for First Time Bend Oregon Home Buyers

To learn more tips for Bend Oregon Home Buyers, or to view homes for sale, contact us today by calling (541) 323-4823 or click here to connect with us online.

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Bend Oregon Home For Sale – How Much Money Do First Time Home Buyers Really Need?

January 29, 2016 – 12:15 am

Are you a first time home buyer and are thinking about buying a Bend Oregon Home Home if so, you’re not alone.

2016 is certainly shaping up to be another busy year in the local Real Estate market, especially for first time home buyers, and you can give yourself the advantage if you know exactly how much money you need to put down on a home.

20% Vs. 3% Down – Which One Is Better?

Although most people will tell you that in order for you to buy your first Bend Oregon Home Home you have to put down at least 20%, the reality is that you can buy a home in 2016 for as little as 3% down or even in some cases you can buy a home by putting no money down

Keep in mind that the less money you put down when buying a home in Bend Oregon  means that you will ultimately pay more for your monthly mortgage payment so if you can wait to save a little more money it will only pay off in the long run.

If a family member, friend or relative decides to gift you the money that you need to put down 20% on a home make sure that you have proper documentation of those gifts because your lender will want to see documentation of income just so they will know that you have the ability to repay your mortgage loan.

Private Mortgage Insurance

The most important tip to keep in mind from this article is that if you put down a smaller down payment on a home you will also have to pay more for your Private Mortgage Insurance (PMI) each month so this could amount to an additional $100 or more per month that you will need to add to your monthly mortgage payment.

Buy a Bend Oregon Home

To get started with buying a Bend Oregon Home, or to view homes for sale contact the Debb Tebbs Group today by calling us at (541) 323-4823 or click here to connect with us online.

 

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