WHICH LOAN IS BEST FOR YOU?

CALCULATE YOUR MORTGAGE PAYMENT

Want to know how much home you can afford? Try our mortgage calculator and see.

Tips for New Homeowners

Buying your first home can seem like a challenging task, but there is no need to get overwhelmed! Carefully consider these four questions before you buy. Answering these questions may make purchasing your first home a breeze.

The pre-approval process is the best way to determine how much house you can afford. Contact ELP before you begin your search.  We will determine your maximum mortgage  amount. YOU will decide how much of that you WANT to spend on your home purchase.  Knowing this will help you search for homes within your wants, needs, and budget.

Knowing how much cash you will need to close will help to prevent stress and ease the closing process. You need to determine where the cash will come from.  Will you save the cash, pull it from your retirement account or get a gift from family? It is important to discuss this with your loan officer. Your answer may affect the information you will need to provide with your loan application.

Whether you are open to several styles or have your heart set on one, narrowing your search will help save valuable time and prepare you to act when the perfect home for you hits the market.

You will want to strike the perfect balance between buying what you can afford and buying what will accommodate your needs for as long as possible.  An experienced mortgage professional at Express Loan Process can help educate you.  The type of home you purchase and the length of time you plan to live in the home can help us determine which loan programs are best for you.

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