Owning a home relieves you from regular rent payment, but it is one of the most challenging accomplishments to achieve. You need a significant amount of money to pay for the property and might spend more on renovations to make it your own. For most people, saving for such a venture takes years, making mortgage acquisition the only option. However, getting such loans is not easy for first-time home buyers. The uncertainty of how the mortgage will influence your future financial plans and the difficulty in navigating the application process make mortgage brokers valuable partners. Those are some of the factors you must contemplate carefully to ensure you do not end up with more financial stress.
At Certified Mortgage Brokers, we know the differences between mortgages for first-time buyers and the others. We can connect you with suitable lenders and use procedures that make the process seamless. We work closely with our clients and consider all the critical elements like the loan to value ratio when figuring out an affordable loan amount. We recommend that the house bills, including taxes and monthly maintenance fees, be less than 32% of the salary. The loan repayment amount should not exceed 40% of the income, especially if you want an affordable loan management alternative.
Hiring our brokers brings many advantages. For instance, you get numerous mortgage products, unmatched professionalism, and related tax benefits. We consider your income capacity when recommending loans and properties to ensure you do not get overwhelmed with repayment. Our services can make your life easier. If you prefer to get pre-approved mortgages, our brokers will do all the work to find suitable lenders and ensure you get the right property faster.