Amherst, New York
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Amherst, NY 14221
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Home Loan Providers Offer 3 Tips for First-Time Home Buyers September 12, 2016

Amherst, Erie
Home Loan Providers Offer 3 Tips for First-Time Home Buyers , Amherst, New York

Buying a home for the first time can be a life-altering experience. However, many first-time buyers find themselves facing a lot of tough decisions, from selecting the right loan to choosing a home that suits their needs. To this end, securing the assistance of a qualified home loan provider is integral to finding the house of your dreams. Serving Buffalo, Rochester, and Syracuse, NY, as well as Barre, VT, Premium Mortgage Corporation can offer deeper insight into matters such as mortgage refinancing and the procurement of loans.

Here, they offer three tips for first-time home buyers:

  • Determine How Much You Can Spend: Before you get in touch with a home loan provider, it’s best to determine just how much you can comfortably spend on a house. Do this by comparing your income to any existing and impending debts as well as the down payment you’d have to make. Be realistic: Don’t let your desire for a particular home get in the way of your financial bottom line.
  • home loan providerHave The Proper Documentation: Mortgage applications call for a number of documents. For instance, you may be asked for two months’ worth of financial statements, two pay stubs showing your recent income, and tax returns from the last two years you’ve filed. Providing these documents in a timely manner can expedite the approval process.
  • Know Your Credit Score: You’ll also need to know your credit score when applying for a loan. This is a decisive factor to qualify. It’s best to start the process early in case you discover your credit score is not what you initially assumed it to be. That way, you can take the proper steps to repair your credit before applying for your loan.

For a home loan provider you can trust, turn to Premium Mortgage Corporation. They will accurately answer your most pressing home buying questions thanks to more than 16 years spent capably serving client needs. Contact a loan officer at (877) 690-7240 for more information or visit them online

CORPORATE (Rochester) OFFICE
2541 Monroe Ave, Rochester, NY 14618
585.241.0000
NMLS# 3254 | Equal Housing Lender
Licensed Mortgage Banker NYSDFS

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