First-time homeowners need a certain amount of guidance through the loan application and qualification process. You may need a conventional home loan, an FHA-insured loan, a VA loan or a HomePath loan. The process of determining what type of loan you need and applying for the loan for you and your lifestyle is a matter needing the expert care and help of a professional.
If you've talked to other families attempting to purchase a home, you realize that the loan process can take a great deal of time. Prequalifying for a loan, then looking for the perfect home is a shorter process than you may realize if you go through a professional. Buying your first home is considerably less stressful through a mortgage loan professional than going through your local bank because a professional has more experience and training than the loan officers at a typical bank. The process can be done in your own home or office without the difficulties of getting you and your spouse together for meetings and signatures.
At present, mortgage rates are relatively low and down payments can be negotiated through various programs, so it's the perfect time in your life to purchase that first home. All the time you may have spent at open-house presentations will not have been wasted. Dreams can come true with a bit of work, planning and the help of professionals.