Tips

local lender

The Value Behind Using Local Lenders

It’s hard to miss national lenders and big banks and overlook local lenders. They’ve got the marketing money, the brand recognition, and the connections to make the biggest splash across multiple markets.  But big banks aren’t always better than local lenders.  When it comes to finding the right lender for you, more often than not…
mortgage loan

I’m Ready to Apply for a Mortgage Loan! What Documents Do I Need?

Buying a home is one of the most exciting purchases you’ll ever make. It’s easy to get caught up in the excitement and forget documentation that you might need to get to the point where you are signing on the dotted line.  Documents prove your identity and provide your financial history so that your lender…
down payment

A Guide to Understanding Down Payments

First-time homebuyers often struggle to wade through the terminology and overcome the contractual hurdles that come between them and holding a “SOLD” sign in the front yard. Real estate agents, inspectors, and local lenders all want the same thing you want: for you to close on your new home. At First Lenders we are committed…
Buy Home

Can I Afford to Buy a Home?

One of the best investments that you can make towards your own financial security and independence is purchasing a home. Buying your own home allows you to build equity and develop a sense of independence, but, for many first-time home buyers, knowing whether or not they can afford a mortgage is difficult to determine.  Buying…
refinance your mortgage

4 Questions to Ask Yourself Before You Refinance Your Mortgage

When interest rates drop there’s always a greater focus on refinance options. If you are currently paying a mortgage and considering refinancing, there are a number of questions that can help you determine if refinancing is right for you.  Refinancing your home can save you thousands of dollars, but it’s only helpful if it improves…

The Ultimate Home Buyer Checklist

Buying a new home is a very exciting step in your life, but it can also be very overwhelming. There’s so much to do before you purchase your home, and it’s important to be prepared to ensure that the process runs smoothly. We’ve compiled the ultimate home buyer checklist to help you as you get…

The Effects of Student Loan Debt on Homeownership

The dream of one day owning your own home has been an integral part of American society for generations, but in recent years soaring home prices and stagnant wages have combined to make it more difficult than ever. Even though interest rates are approaching an all-time low and there may never again be such a…

Everything You Need To Know About Mortgage Rates

If you’ve even thought about buying a house, you’ve thought about a mortgage rate. They’re such a significant part of the home buying process that even people who aren’t seriously thinking about buying for a few years have spent time considering them. But mortgage rates can be confusing, especially if you’re a first-time homebuyer. Even…

Is Now A Good Time To Refinance?

As the COVID-19 pandemic continues to affect economies around the world, mortgage interest rates are falling to almost historic lows. Indeed, in an effort to stimulate the housing sector and encourage people to keep buying homes, the Federal Reserve cut interest rates a few months ago, with mortgage rates following soon after. So, if you’re…

Roadblocks To Avoid Before Closing On Your New Home

Closing on a new home is an amazing financial and personal milestone. However, with such a big decision comes big responsibility. During this time, it’s important to plan out your next steps to set yourself up for success. Here are some of the most common roadblocks people encounter before closing on a new home –…