If you are thinking about getting your first house, you probably have a lot on your mind. It can be tricky to figure everything out, but if you start with strong finances and a good loan advisor, it will go a long way towards making things simpler. Here are a few first steps that should set you up for success on your first mortgage.

How to Prepare to Get Your First Mortgage: Get Your Finances in Order

The most important thing you can do to prepare for your first mortgage is to get your finances in order. In addition to knowing that you will be able to pay your mortgage payment each month, it is also essential to have a good credit score. It is awful to apply to get a mortgage and not be approved, so don’t forget to start getting those things in order as soon as you start thinking about getting your first mortgage. Building up your credit can take a little bit of time, so the earlier you do it, the better it will be when you do apply for a mortgage.

Plan for Fees and Closing Costs

In addition to getting your finances in order generally, it is also important to be prepared for the up-front costs of your mortgage. There are many costs involved that you may not be aware of. For example, mortgage brokers typically charge a 2.25% commission. Prepping in advance will help you to be sure that you have sufficient funds when the closing finally comes around.

How to Prepare to Get Your First Mortgage: Research Mortgage Companies and Loan Officers

The process of buying a home will be a lot simpler if you are able to find a loan office that you trust and feel comfortable with. Especially on your first mortgage, you are likely to have a lot of questions, and feeling comfortable asking those questions will really help you to be less stressed and more informed in the process. Ask around for recommendations and don’t be afraid to look online a check out several reviews. Read the reviews, not just the star rating so you can make sure the things they did well were things that you value and want in your own loan officer.

When you are finally ready to buy your first home, it is sure to be an exciting time full of change and happiness. Don’t forget to enjoy the experience and find a home that you really love. Whatever your budget, getting a home is totally worth it, and you may as well make the mortgage process as simple as possible.

Getting started in real estate investing? Join our association!

See you at a meeting soon!

The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.

Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.

We look forward to meeting you at a meeting soon!
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