FIRST TIME HOME BUYERS WORKSHOP
Tired of renting but don’t know where to start to buy?
Worried that your credit isn’t good enough to get the loan?
Whether you are currently working on restoring your credit or just want to be informed before making a huge purchase, we are here for you. Saving even half a percent on your home loan can make a huge difference in the cost. An extra $100 per month may not seem like a lot for a home, but it will make a $36,000 over the life of the loan. If you consider putting that $100 into a retirement account or investment account, then it is now worth about $97,000 and if you are using it to pay down higher interest debt, it could be worth over $500,000.
What are the different types of loans like FHA, conventional, and VA? What does an adjustable interest rate do? Should you put “points” to lower your interest rate? How much do you need for a down payment? What is Primary Mortgage Insurance and do you have to buy it? What benefits do first time home buyers get when buying a home?
In addition to getting you the facts and helping you understand the process, we are also here to give you individual attention. We want to speak with you to learn about your personal goals and what we can do to help you reach them. We can help you choose a reputable realtor and mortgage lender. We can work with you to find out the perfect time for you to make a home purchase with your current situation and goals. We can even offer you professional home purchasing assistance.
Come learn about all of this and more.
We are here to help you understand everything from the process of pre-qualifying for a loan to closing and moving in. You will learn about all the important factors in purchasing a home, what the time frame is for closing on a home, and what to do and not do during the process.
What credit score do you need to qualify for an affordable loan? How much does your credit score affect the interest rate and overall cost of the loan? How do you boost your credit before buying a home? How long will it take to correct credit so you can buy a home? These are all important things to know before purchasing a home.
What type of loan is right for you? We will discuss the difference between FHA, VA, HUD, Conventional, and all the different types of loans out there. You will learn about adjustable interest rates vs. fixed interest rates, and other options like refinancing to a different type of loan in the future or for a lower interest rate.
We help you understand what type of questions you need to ask before choosing a Realtor and Lender. You will learn how to deal with Realtors and Lenders that get too pushy or don’t come through with what they promise. You will learn about what obstacles and hiccups are common during the process and the difference between these and complications that come from poor work from your Realtor and Lender. If you have not chosen a Realtor and/or Lender yet, our large network of reputable realtors and lenders with proven track records can get you on your way.
Our Delta Credit Workshops are provided at the lowest cost possible. Most of the workshops are sponsored by local realtors and financial institutions making it possible to offer the workshop to you at no cost. It is the perfect opportunity for you to come out and get started on reaching your goals in the best possible way. Let us know which workshop interests you and we will happily invite you to the next workshop that has space available. If there is a small cost associated, we will let you know before you decide whether or not you would like to attend.