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Where to Start as a First-Time Homebuyer

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The headline and subheader tells us what you're offering, and the form header closes the deal. Over here you can explain why your offer is so great it's worth filling out a form for.

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Tags: First Time Home Buying, Digital Home Lending, Mastering Mortgages

So, you’re buying your first home but you’re not sure where to start. There can be a lot of questions you need to answer before you can sign on the dotted line - and it can be overwhelming.

Luckily, you have Wyndham Capital Mortgage’s home loan service experts and tools on standby to answer all your questions and help determine the perfect home loan options for you.

Why Wyndham?

You might be wondering, why Wyndham? We’re backed by our proven track record of competitive below-market rates, white glove customer service and speedy closings through our Priority Purchase Program. Thanks to our digital advantage, we’re able to offer a radically different mortgage experience, getting you in the door of your first home quickly while offering a 100 percent digital process, and without any nonsense or hidden lender fees.

Before you can submit any offers there are some financial questions you need to answer, like “what are my loan options?” and “how do I figure out my rate?” Let’s go over some of the first steps you can easily take to get the ball rolling on the path to homeownership without the unnecessary headaches.

What Are My Loan Options?

The best place to start when trying to figure out your loan options is by submitting a mortgage pre-approval. Getting pre-approved gives you a realistic figure of what you can expect your monthly payments to be.

The amount you’re pre-approved for is based on things like your credit score, finances and debt-to-income ratio. Our handy first-time homebuyer mortgage calculator can help you get an idea of what your monthly payments will be based on your current finances.

With Wyndham Capital’s digital advantage you’ll be able to upload all of the necessary documentation to process your pre-approval 100 percent digitally, get personalized loan options you may qualify for and have stronger buying power when shopping for a home.

Your pre-approval will answer many of the needed questions our loan specialists have before you even speak with them, saving you time and helping us get you into your new home more quickly and efficiently than other mortgage companies.

How Do I Figure Out My Rate?

A mortgage rate is the percentage of interest charged to your loan, determined by things like your credit score, loan and down payment amount and the economy. Government programs can help lower interest rates for first time home buyers, making it easier to purchase your first home.

Take out the guesswork of what your potential interest rate will be when you use Wyndham Capital’s home mortgage rate quote tool, which will give you personalized options tailored to your situation. Loan Officers are always available to answer any questions you have about your rate quote, what it means and where to go from there.

Reaching out early will be a great way to make sure you’re on the right track when you’re ready to buy your first home.

During this time, it’s important to have a realistic view of what you can afford, but it doesn’t mean you need to feel overwhelmed or stressed. Wyndham Capital Mortgage recognizes that all needs and situations are different and that there is no one-size-fits-all solution. With our digitally-advanced tools and expert loan specialists you’ll get the best service, rates and experience all tailored to your needs and all at the tap of your finger, the way a modern mortgage company should be.

 

Interested in learning more about how Wyndham Capital can help you achieve your home lending goals?

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