Tulsa Home Mortgage | First Time Homebuyer Tips

Posted by admin on Monday, April 5, 2010 · Leave a Comment 

Tulsa Home Mortgage

Acquiring a Tulsa home mortgage can be stressful anytime, but getting approved for your first home loan can be vastly overwhelming.  Here are a few things that you should be aware of as a first time home buyer.

  1. Evaluate your current financial situation and future plans:Consider what you are currently paying for rent in comparison to the costs of purchasing and maintaining a new home. It is imperative that you take an honest look at your savings to see if you really have enough to cover the down payment and closing costs.  Is your job and income secure?  Will your income increase or decrease in the near future? How long will you be living in your new house?  The length of time you plan to stay in the house may determine what type of home mortgage you will choose.
  2. Learn about the different loan programs your Tulsa home mortgage broker offers:
    Next, find out more about the available loan products your Tulsa mortgage broker can offer you. Understand the difference between fixed rate and ARM home mortgages.
  3. Other Costs:
    If the seller of your new home will not  pay your closing costs, you will need to calculate them into your budget. These costs include attorney’s fees, appraisal fees, the title fee, credit report fee, the application fee, the broker/lender fees, an inspection fee, and state mortgage taxes.  Discuss with your Tulsa mortgage broker what the sum of all these fees will be.
  4. Remember closing takes time, and find a Tulsa home mortgage broker you can trust.

We would love to get you pre-approved for your first home.  It only takes 15 minutes. Call us today at (918) 512-4930. You’ll be glad you did.

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Filed under First Time Home Buyer, Tulsa Home Mortgage, Tulsa Mortgage Broker · Tagged with , , ,

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  • “By far the hardest working team I have ever had business dealings with. There is no quit in any of the associates. Believe me I tried to push them that far. Don’t hesitate to use this company. Thanks Fareed, Johna and the rest of the team at ZFG Mortgage that worked on my FHA refinance.”

    -Jay Kester Tahlequah, Oklahoma

    Fareed (and the rest of the ZFG staff) Thank you for your patience and consideration while we moved through the mortgage refinance process. My deepest appreciation and best wishes to you. God bless you in your work and I hope to meet you on a visit to Tulsa. I just want you to know I really do appreciate how you worked with me obtain the mortgage refinance. Your professionalism, courtesy and quality customer service kept us moving toward the goal. I really will stop in to meet you when I am in Tulsa.”

    – Janet Newby-Oklahoma City, Oklahoma

    As a Realtor, I am always left out of the loop on the transaction. The guys over at ZFG Mortgage kept me posted everytime an update came in on my deal. Everything they told my client was true and absolutely NO SURPRISES!!!! Thanks Fareed, I will use you as often as I can!

    -Cherrie, Coldwell Banker Select