Explore our blog for insights on buying, financing, remodeling, and taking care of your home.
Updated 10/01/16 to include our new Customer Care hours and phone number! Home buyers with a mortgage loan through AmeriFirst Home Mortgage enjoy several benefits. One of them is local service. AmeriFirst retains servicing of most of its loans. We do not sell servicing to big banks. This means when you close with AmeriFirst Home Mortgage, you pay your mortgage to AmeriFirst. You can call us with questions and talk to the AmeriFirst Customer Care department. They're local, too. No call centers here.
Before you attempt to answer, I’ll tell you, it’s sort of a trick question. Or rather, it’s worded in a tricky way. Consider this, is an auto mechanic? A dentist? What about a lawyer or sky diving instructor? No, technically, none of those people are really necessary. However, I think we can all agree that we feel safer when we get into our vehicle after it’s been inspected, smile wider after our teeth have been cleaned, and sweat a little less when our lawyer comes prepared and scream out of excitement rather than fear when someone else who knows when, is pulling the cord to release the parachute. So? Why should a REALTOR® be any different? After all, this is their job so why not let them take the wheel?
As a first time home buyer; the worst is behind you. That’s the good news! You managed to find the home that meets your needs and fits your budget, maneuvered your way into an acceptable interest rate and survived closing costs. However, you’re not out of the woods yet! Following are a few common mistakes that first time home buyers make in their first year as a home owner.
If you've heard the term 203(k), FHA 203k, 203k loan or 203k renovation mortgage, then you're one step ahead of most Americans. This special product offering from HUD for fixing up housing stock has been around since the late 1970s, yet many real estate agents know nothing about it, and the public is in the dark. Even if you've heard of the 203k, you may not know much - if anything - about it. That's all okay. We're here to let you know what it means and how it can help home buyers (and even sellers!).
Someone buying their first home will have a lot of questions. We see it time and time again. Sometimes, those questions get answered by family and friends. Other times they're answered by a real estate agent. But when it comes to the financial side of buying a home, asking a mortgage expert might be in your best interest. We hear a ton of questions about mortgage loans, and this is a big one. Everyone hears that it's a mountain of paperwork to apply for a mortgage. Yes, it takes quite a bit of information, but it's not insurmountable.
**UPDATE: The HomePath program was discontinued in October 2014. Read more here. Down payments for a house vary from buyer to buyer, house to house and between mortgage loan options. A lot of factors go into the down payment amount. Add to that your closing costs, and the answer to "How much down payment for first time home buyer?" is way too broad for a single amount. However, we can help you plan - and decide on a route you want to take to buy that first house. Download our Concise Guide for the First Time Home Buyer here and learn more!
From article comments to social media posts to emails, we get a lot of questions about buying a home and financing that purchase. We do our best to answer these questions privately and publicly, in hopes of helping the person asking, but also the greater crowd of the internet. Recently, one came in as a blog comment we thought we'd share. So my wife and I are currently starting our venture into buying our first home. So my question for you sir is, would it be more in our best interest to save for a down payment or pay off some bills before a purchase is attempted?