Let Us Help You Buy Your New Home!
Purchasing a home is a very exciting time, and being well
prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage
process. Below and throughout this site you will find
information that will help you with the purchase of your new home.
Am I ready to buy?
Buying a home offers many advantages, one of the most
significant being that it allows you to build equity (ownership)
when you pay your mortgage each month. A common myth is that
monthly mortgage payments are more expensive than rent. But,
in many cases, mortgage payments can be even less than rent.
When considering home ownership for the first time, you need
to decide whether buying makes financial and practical sense
for you right now or if you are better off renting. Consider
both the advantages and disadvantages to renting as well as
buying, and weigh the pros and cons for your situation.
How much house can I afford?
The first step toward finding the right home is to
quickly compute your purchasing power and determine how
much you can afford to pay each month. This saves you
time by allowing you to focus on homes in your price range.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of
the cost of the house. The more you can put down, the
greater equity you will have in your home and the lower
your monthly payment will be. For down payments less than
20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the
loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
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Monthly mortgage payment
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Homeowners insurance
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Mortgage Insurance
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If applicable - Flood Insurance
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If applicable - Property taxes
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Utilities
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Maintenance
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Our Happy Clients
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"This was the second time I had used Randy Adrian as my mortgage officer when purchasing a home. He is very professional and experienced at what he does. He makes the whole process fly by. Any issues I had he handled them and helped me with everything. I would recommend him to anyone and I would give him 10/10 on his service...thanks for everything!"
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"Randy is a great guy to work with, always looking out for his customers. I am a first time home owner and not only did Randy get me and my fiance a fantastic rate, he answered all my questions and put all my worries to rest as well AND followed up with me after the closing to make sure I was completely satisfied. I will and would recommend him to friends and family and anyone looking to do a loan to purchase a home."
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"I’ve worked with Randy on two home purchases, and he’s always been very professional, and kept things moving along at the right pace. He made the mortgage process very easy. "