Buying a home, whether it is your first or your most recent, is always one of the most significant purchases you’ll make in your lifetime. And regardless of how comfortable you are with the process, it’s normal to have questions, especially since home loan rates continue to be near-record lows.
To get the right answers at the right time, start with reaching out to an experienced, trusted advisor who can guide you through the process and ensure it goes smoothly. When you start thinking about buying a home, that’s the time to first reach out to a residential lender. It’s their job to find the best mortgage for you and your family.
Choose someone who is ready to earn your business by listening to your financial goals what’s important to you. A lender should be ready to work with you to determine how much house you can afford, explain the different types of loans available to you and point out special programs that may benefit you (e.g. if you’re a Veteran or first-time home buyer). Remember you are in the driver’s seat.
Consulting a lender early will assist you in knowing if you’re ready to take this step into homeownership or if you should focus on first strengthening your financial position. And if it’s the latter, creating a relationship with a lender now will be beneficial when it comes to apply for your mortgage.
If you’re curious about the financial side of buying a house, try our online calculators to see how much house you can afford or if you should rent or buy, then reach out to your local AmericanWest Bank Residential Lender to get the conversation started.