Here’s to buying like a pro the first time!

Buying your first home is one of the most important financial decisions you’ll ever make and getting the right advice from a mortgage professional is a great way to start.

Before you start looking for your dream home, your Mortgage Alliance professional can help you find out how much you can qualify for so you can shop with confidence.

Understanding your down-payment options is important as you get ready to buy your first home. Heads up Generally, the minimum down-payment required depends on the purchase price with the minimum being 5% down. For homes $500,000 and under 5% down is the minimum required. For homes over $500,000 but less than $1.5 million, you need 5% down-payment on the first $500,000 and 10% for any amount over that. If your purchase price is $1.5 million or more, a minimum 20% down-payment is required. Mortgages with less than 20% down are subject to default insurance which is usually added to the mortgage amount.

As a Mortgage Agent Level 2, I have access to 88 lenders from major banks to private lenders. I can give you access to multiple lenders and find the right mortgage for you with only one application. I can help you navigate the process, explain your options and present you with mortgage solutions that best meet your need.

Having the right combination of mortgage features, privileges and rate is key. The right mortgage goes beyond just the rate–it’s important to also consider term, prepayment options, refinancing penalties, restrictions, and fees.

I will not only find the right mortgage for you but also provide strategies to help you pay your mortgage off faster and shave thousands off interest costs in the process.