Eric Cook

The journey to home ownership is 10% financial and 90% emotional. Once you’ve found your dream home you want to hurry through the financial process so you can move in and begin your life as a homeowner.

What some potential homeowners forget during this emotional process is to include property taxes and insurance calculations in their financial monthly payment. All too often homeowners see the bottom line number for their mortgage, think they can squeak by with that payment and then find themselves in financial turmoil when the total bill comes due during the first month.

A good lender (like AmeriFirst) always secures your possible tax and insurance rates and includes them in the final payment number before you purchase the home. In fact, you should know this number before you begin the house hunt. This will help you avoid falling in love with a home that is financially out of reach.

A few years ago, this scenario happened all too often and many families turned to the subprime lending market to “make their dream happen.” Unfortunately most of these families are now up to their elbows in debt, collection agencies are calling or worse, had to relinquish their dream home to foreclosure—all because they didn’t consider every aspect of home ownership.

At AmeriFirst we won’t let that happen to you. We will work with you using current tax and insurance rates to assist you before you begin the search, so once you’ve found the perfect home, you will know that you can afford to build a life there.

Talk to us about your home ownership goals. We will run the numbers to arrive at the best home ownership scenario that meets your current and future needs. Our loan professionals are extremely well versed in property tax and insurance requirements and are ready to assist you.

Ready to begin your life as a home owner? Contact AmeriFirst today at 800-466-5646 or contact us online to request additional information about our customizable loan programs.

Tags: