With more than two decades of experience helping borrowers achieve their home buying goal, the team at California Mortgage Advisors Inc. is here to make home ownership a reality for you. Whether you are looking to buy your first home, upgrade to a bigger house, make a real estate investment or purchase your dream vacation property, we can help you plan and navigate the process.
Free Real Estate Buyer’s Kit
Especially for first time home buyers, understanding how to find and finance the perfect home can be overwhelming. But rest assured, we are here to help make the home buying process manageable. Our step-by-step guide Home Buying Toolkit will walk you through the process and help you make the best decisions based on your specific needs and circumstances.
One of the most important steps in home buying is determining how much house you can afford. It is normal for first time home buyers to want to stretch their budget to its limit when buying a home; however, what many first time buyers neglect to realize is that there are always additional costs beyond the total price of the home that come into play with a home purchase.
We encourage you to discuss your personal financial situation with a mortgage advisor before you even begin looking at homes, so you have a realistic picture of what you can reasonably afford and can include this important information in your search criteria. Our team of experienced mortgage advisors can walk you through the process and once you’re ready, you can begin the mortgage application process online.
Once you have completed the mortgage application process, the lender will tell you how much you are approved to spend. While many first time home buyers are eager to begin looking at houses, we recommend going through the pre-approval process first, so that you have concrete information about how much the lender is willing to lend to you.
Having a pre-approval letter also makes any offer you submit stronger, as the seller knows you are approved for financing, and they don’t need to worry about your deal falling through due to lending-related issues. To understand the difference between pre-qualification and pre-approval, download our homebuying guide here.
If you haven’t already, this is also the time to find a real estate agent to help you find the perfect home for you. Realtors can provide borrowers with specific information about a particular home as well as information about the home buying process in general.
So that you can guide your agent to help you find the right house for you, we encourage you to determine what features are most important to you in your new home. Use the worksheet on page 7 of our home buying toolkit to help you assess what you’re looking for in a house.
Now the fun of looking at homes can begin in earnest, and if you see something you really like, you’re in a great position to make an offer, negotiate the terms of your purchase, and close on your home without significant delays related to financing.
Purchasing a home may be the most rewarding experiences in your life, but the path to homeownership is not without some challenging decisions along the way. To ensure you are best equipped to find and buy your ideal home, we encourage you to download our complimentary Home Buyer’s Toolkit.
Free Real Estate Buyer’s Kit
At California Mortgage Advisors Inc., we genuinely believe that we offer our customers the best mortgages in the industry. We have offered a variety of loans since 1993, which means our Mortgage Advisors have successfully matched tens of thousands of borrowers with loans tailored to meet their needs and unique financial situations.
Our Mortgage Advisors are available at (855) 908-3610 to answer your questions.