Purchase a Home
Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process. Below and throughout this site you will find information that will help you with the purchase of your new home.
Am I really ready to buy?
Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your particular situation.
How much “house” can I afford?
The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
How much can I get pre-qualified for?
Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate of what you pre-qualify for from a lender. If you are working with a real estate agent, getting pre-qualified lets them know you are a knowledgeable and serious buyer.
Don't wait! Find out about your options today!
Our Happy Clients
"Chris was recommended to us by our financial planner. We were going through Wells Fargo to refinance our house and were just getting more and more frustrated with Wells Fargo asking for petty documents. We called Chris and from the beginning felt like we had someone on our side, fighting for us. We ended up getting a loan for more than wells Fargo would approve at a lower rate. Chris helped us meet our goals. Don't just go through the bank, they are not looking out for you, they are looking out for the bank. Chris was on our side."
"Rob and his team was great for our home buying process. He ultimately helped us close on a property! He was very thorough in explaining all the different pros and cons, and had a much wider variety of options available compared to some other lenders and banks, which offered a lot of flexibility for us. His team was also extremely responsive through out the whole process. On top of that, given the market, we had to make multiple offers, and Rob never let a rejected offer deter his work, and worked with me and my agent every step of the way. Would definitely recommend him!"
Graham was referred to me by a mortgage lender that I've known for more than 10 years because she felt he could do a better rate for me than her current employer - she was right! Graham makes the process simple, easy, and fast - no stress. He has since helped two colleagues of mine who were extremely happy with their results as well. Thank you, Graham!
Rita did a fantastic job in assisting me with my first home loan. She was very knowledgeable and answered any and all questions I had. She found the best possible loan with the lowest rate/terms and worked with the lender on my behalf to ensure the approval process was painless. Due to her commitment, I was able to get the loan I wanted and close early. Thank you Rita for all your help!
"Chris was recommended to us from our trusted realtor, and he did not disappoint. Chris first helped us with the refinance on our condo, and then with the purchase of our home. He is always so patient with our myriad of questions, clear with what our expectations should be and what our options are, and was so accommodating and flexible with our challenging schedules. He made navigating the mortgage financing process easy when it could easily have been stressful. We would most definitely work with Chris again if the opportunity arose and we recommend him to everyone. Thank you Chris for being the best!"
"We refinanced with Rita several times. We always work with several agents to find a better quote, and Rita beats competitors with excellent rates. She is very easy to work with - open, honest and clearly explains all the steps."
"We recently closed with Rob and Renee for our home loan after being referred by our agent. They were amazing providing support for us with multiple pre-approvals, often within an hour of time sensitive requests, and ultimately worked with us to secure a rate we were comfortable with when it came time to close, despite some changes in the market at the last minute. We closed ahead of schedule and were super happy with the level of service. Would definitely recommend!"
"I met Chris through a close friend. I was in the process of purchasing another home and needed a loan in excess of $1.0MM. Despite my assets being far greater than the loan, there were still hurdles. He was extremely diligent during the entire process. We closed the home purchase inside the contract close deadline of 30 days, and met the 14 day finance contingency. I highly recommend Chris and more than willing to give my personal recommendation. email@example.com. Also, extremely personal and professional."
"Chris Quagliana did an amazing job on our refinance. Excellent customer service, expert knowledge in the field and ability to schedule off hour meetings to accommodate customers busy scheduling. Overall very pleased with the job that he did, would definitely use him again in the future and also recommend him to everyone. Thank you Chris!"