Todays Rates: Purchase - 30 Year Fixed: 3.125%   APR: 3.221%     15 Year Fixed: 2.375%   APR: 2.494%      30 Year Fixed High Balance: 3.375%   APR: 3.424%      15 Year Fixed High Balance: 2.625%   APR: 2.709%          Refinance - 30 Year Fixed : 3.250%   APR: 3.317%     15 Year Fixed: 2.500%   APR: 2.584%      30 Year Fixed High Balance: 3.500%   APR: 3.529%      15 Year Fixed High Balance: 2.750%   APR: 2.871%

3 Tips for the 1st Time Home Buyer

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Are you a first-time homebuyer eager to get into the market? Here are 3 easy steps to help you decide whether you’re ready to take the plunge.

 

1. Check the selling prices of comparable homes in your area. Do a quick search of your desired neighborhoods on a number of websites, including the National Association of Realtors.

2.  Use Lyons Mortgage calculators to get an idea of what your monthly mortgage payments would be if you bought today.

3. Get your docs in a row. Collect pay stubs, bank account statements, W-2s, tax returns for the past 2 years, statements from current loans and credit lines, as well as names and addresses of your landlords for the past 2 years. Have them ready for your initial meeting with your lender. This may seem like a lot, but the more prepared you are, the quicker and easier we can help advise you.

Have more questions? See our FREQUENTLY ASKED QUESTIONS or get in touch with one of our helpful Mortgage Experts today 800-448-8101.

 

 

 


 

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