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First Home
Your Journey to Homeownership
The most advantageous step you can take toward realizing the dream of owning your own home is to schedule a "Pre-Approval" Consultation with me. I will answer all your questions and concerns about:
1. Credit: How much should I have; how good should it be; and is mine good enough?
2. Monthly Payment: How much monthly payment am I comfortable making given my present financial situation. Your mortgage consultant may be able to offer suggestions for rearranging some things to raise your comfort level with the mortgage payment you are considering. 3. Income: Is my income adequate to qualify for the monthly payment I am comfortable making?
4. Down payment and closing costs: Do I have enough money to cover the required down payment and necessary closing costs (don't worry, if you don't have much, we have a loan program that potentially covers all the money you'll need to buy).
5. Assets: Do I have enough back up financial support to qualify and to safely be able to make the monthly house payment in the event of some unforeseen circumstance?
6. Tax benefits of Owning a Home: How much will Uncle Sam help me with my house payment? Will this subsidy help me feel more comfortable purchasing a bigger home than I currently anticipate I can afford?
At Cherry Creek, we believe in making sure our clients, especially first time home buyers, are as informed as possible so that:
- They can make a sound decision about buying a home.
- They can look for and buy a home with little or none of the stress experienced by many first time homebuyers.
- They will choose the mortgage that is compatible with their long and short term financial goals and payment and equity objectives.
Your first step should be to schedule your free, personal, "Pre-Approval Consultation."
Traditionally, first time homebuyers look for their home prior to consulting with a lender. This is a mistake you don't want to make because:
- You miss your best opportunity to eliminate stress
- You may get excited about something you can't afford.
- You may purchase a home for a lesser value than a knowledgeable loan officer could approve for you..
- You miss the opportunity to gain more power as a buyer.
- And, worst of all, someone may tell you can't qualify, when in reality you really can.
So, please read all of the information included in this "First Home" section, then call me and schedule your free, "Pre-Approval Consultation". It will be the best, most worthwhile hour you've ever spent.
Cherry Creek Mortgage
4301 Hacienda Dr. Ste. 120
Pleasanton, CA. 94588
Phone 800-325-2062
Fax 925-520-0231
