Our Delaware Property Blog

Buying Your First Home….Part 3

Finding professionals to get you home!

Let’s talk about what type of professionals can make this process flow as efficient as possible. Once again, planning is key here!

1) Getting a Mortgage

If you have a copy of your credit report, it is a good idea to talk to a mortgage professional to find out what all of the numbers mean to your future. There are two types of folks who can help you with getting a mortgage…..Mortgage “Bankers”, and Mortgage “Brokers”, and YES, there is a difference!

· Mortgage “Bankers” work for a Bank, or Financial institution that does the lending directly to the home buyer. What this means is it’s a direct transaction, with no middle man, and no additional fees to that “middle man” in the transaction.

· Mortgage “Brokers” do just what their title implies, they “Broker” your application to several different lenders, to get you the best rate. If you have less than perfect credit, sometimes this is the approach that will be needed, but understand up front, the rates and fees you may pay could be higher as the “middle” man, the broker, needs to get paid for his efforts.

Home Star Realty Group works with several mortgage Bankers who have proven themselves to be efficient, and capable of getting folks great rates, and can also make sure if you are eligible for any State or Local programs that assist first time buyers, you’ll can get that benefit if you qualify…...

And YES, there are often government programs that will help you get into your first home….but not all lenders have the inside track to those programs, and if they don’t, they’re not going to refer you to someone who does have those programs……..

BUT WE AT HOME STAR REALTY GROUP WILL!!!

CALL US AT 1-888-382-6052,

OR EMAIL US AT INFO@HOMESTARREALTYGROUP.COM 

WE’RE ON YOUR TEAM!