If you are a first time home buyer and are planning on buying a home, one of the most important things you understand is first time home buyer financing. It’s never a great idea to start shopping for a home if you don’t know for sure whether you can be approved for a mortgage, how much the lenders will approve you for, and if the monthly mortgage cost is something that fits into your budget.
This is why it’s a good idea to sit down with your local financial institution or a mortgage broker/agent for a mortgage pre-approval before you begin shopping for a home. The last thing you want happening is to find a home you fall in love with only to find out that you can’t even get a mortgage as a first time home buyer.
Watch this episode with mortgage agent Ewa Zaba of Centum Way2Save where Ewa explains first time home buyer financing.
For more information on financing, or if you need a mortgage agent, contact Ewa Zaba of Centum Way2Save
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