Education, the Key to a succesful Home Buying Experience

The second week of May has brought once again record low interest rates. Getting a mortgage in 2010 is different than in prior years. It takes expertise to navigate the mortgage process. The key to a successful and great mortgage experience is EDUCATION. When I meet with a potential client I take the time to educate them on what to expect and I review all of their paperwork so that we can prepare for whatever would come up. Home buying, especially the first time home-buyer is the foundation to the healing of the economy. When someone buys a home, they move, they fix the home and garden, etc. They use the services of contractors, gardeners, and movers. They shop at hardware stores, furniture stores and the vast and sundry retail and discount stores that sell household items. This causes an economic ripple affect that’s stimulates the economy. Buying a home, though, can be real scary especially today with all the negative news. A first time home-buyer may be scared to take themselves this huge step.

There are so many things to consider. That’s why a home-buyer seminar in our area is so crucial. Education is key and valuable information is priceless.
What you will learn at the First Time Home-buyer’s Seminar:

1. Credit. The importance of a good credit score. The components of your credit score and multiple strategies on how you can boost your credit score. A difference between one point on your credit score can cost you on a $400,000 mortgage an additional $4,000 up front and over $90,000 over the life of the loan!!
2. Processes and Procedures: What do you do first? What steps do you need to take when you decide to explore the possibility of purchasing a home? How do you choose a Realtor? A mortgage Professional? Who else do you need to contact?
3. The Mortgage: What is a pre-approval? What is a Pre-qualification? What information do you need to obtain this document? What paperwork do you need to save and how much money should you be prepared to spend on this purchase? All these questions will be answered
4. Budgeting: When you buy a home it is very important to learn how do budget. Doing a simple budget will make it very clear if you are ready to buy.
5. The benefits of home-ownership. Understanding the tax deductibility factor of mortgage interest.

I am please to announce that I am holding another Home Buyers Seminar, to be held on June1, at the Finkelstein Memorial Library, 7:00 pm at 24 Chestnut Street, Spring Valley, NY 10977. Please RSVP 845-354-9700 or azeilingold@fmm.com.