Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 479-8583
Call Today!

Listing Search

Avoiding Mistakes For First Time Buyers

NEXT
PREV

When it comes to buying a home for the first time, you must not put the cart before the horse. get pre-approved for a mortgage first.  This will determine how much house you can afford.  Choose the right Realtor! This is vital through your whole transaction. then your Realtor should direct you to the home of your choice. Professional help is always needed when it comes to first time buyers.  This goes from the realtor to home inspector.

Good credit is vital, this will show the lender how discipline you are with your finances and paying on time. the higher your score is, the better your interest rate will be and lower monthly payment and more home you will qualify for.  Be honest with your lender because it will reflect on your credit report and will save you a lot of time. Follow instructions from your loan processor as they submit your documents to the underwriter.

"Save your money" even if it has to sacrifice Christmas and your tax returns.  Remember this is an investment you are making. There are several types of loans. VA, Conventional, FHA, USDA. VA are for honorably discharged veterans with no mortgage insurance, Conventional requires a higher credit score with more money down and no mortgage insurance, FHA is the most common loan for first time buyers with mortgage insurance. Depending on your status you may qualify for one of these loans. There are lender incentives for school teachers, nurses and fire fighters

Do not make any major purchases or have any other credit pulled while you are going through this process.  This will throw the numbers off on your pre-approval and disqualify you from your home purchase.  This is on the average a 40-50 day process. 

This is just a bit of information to get you started and if you have any questions feel free to contact me today at 850 496-6412.

 



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: | Stellar MLS (updated 12/5/19 9:01 AM)
Featured Listings
Orlando Real Estate
$99,000
1 BED
1 BATH
Beautifully Appointed Condominium at StaySky Suites, conveniently located in the heart of Orlando''s main tourist corri... Read More
Orlando Real Estate
$150,000
2 BED
2 BATH
Wow, what a find! This 2 bedroom 2 bathroom 3rd story condo is located in the lovely gated community of Sand Lake Priva... Read More
Sand Lake Real Estate
$674,900
5 BED
4 BATH
Beautiful home located in the highly desired Bay Hill Cove. Over 3, 500 sq ft with 5 beds and 4 baths. Huge Master is l... Read More
Orlando Real Estate
$105,000
1 BED
1 BATH
The perfect vacation destination and investment! This rare unit is a original 1 bedroom studio with a large Terrace! Yo... Read More
Orlando Real Estate
$785,000
6 BED
5 BATH
Impressive and expansive 6-bedroom executive pool home with 4-car garage, set on an oversized perimeter lot with no rea... Read More
Orlando Real Estate
$148,000
2 BED
2 BATH
Amazing opportunity to own a condo-hotel in a prime location. Perfect to use as a vacation home or a rental property. Ow... Read More
Orlando Real Estate
$89,900
1 BED
1 BATH
Beautifully Appointed Condominium at Hawthorn Suites by Wyndham Lake Buena Vista, conveniently located just a few minut... Read More
Orlando Real Estate
$1,190,000
4 BED
3.5 BATH
Possibly one of the best views in all Arnold Palmer''s Bay Hill Golf Course: totally unobstructed golf course view right... Read More
Orlando Real Estate
$130,000
2 BED
2 BATH
Location, Location, Location! This fully furnished 2 bedroom/2 bathroom condominium at the Enclave Orlando Resort open... Read More
Orlando Real Estate
$115,000
1 BED
1 BATH
Why rent a hotel room when you can purchase your very own vacation home. Welcome to The Enclave offering High Rise condo... Read More
Contact Kevin Strawter

407 479-8583

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
14832 Speer Lake Drive
Winter Garden, FL 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2019 drphillips.info - all rights reserved. | Site Map | Avoiding Mistakes For First Time Buyers