Many people underestimate the relief you get when you do not have to pay rent, yet it is one of the best experiences because it provides immeasurable freedom. That is why homeownership is something most people desire. Achieving such dreams is usually an uphill task for many who do not have enough money. However, there are lenders willing to give you a chance as a first-time buyer, but finding them on your own may not be easy. You require reputable mortgage brokers.
Applying for a mortgage as a first-time buyer can be tedious when you do not have professional help. When you have a reliable mortgage agent guiding you through, you get to explore all the possibilities, such as the consequences that the loan will have on your lifestyle and your finances. To do that properly, you must calculate the loan to value ratio and all the relevant costs to ensure you do not take a loan you cannot afford.
Several mortgage options are available for different first-time borrowers, and our brokers will explain all the possibilities to help you choose the best one. We will also help you with the challenging application process to ensure you get the loan within a shorter period. Our goal is to help you purchase your first home successfully. We will help you determine the total costs and compare them to your income to ensure they are less than 40%. We also compute the costs, including taxes and maintenance charges, to ensure they do not take up more than 32% of your salary.
We do not just care about helping you get the loan, but also about your ability to pay it back affordably. We can get you other perks such as First Time Home Buyers’ Tax Credit and every additional benefit professional brokers bring.