Mortgages On Main : Trust M.O.M. - M.O.M Always Knows Best

Mortgages On Main - Need A Loan? Call M.O.M.

Wednesday - April 02, 2025

Lesson 5: Summary

We hope, this crash course has given you a better idea about what to expect during your first purchase. Lets briefly review some key points:

Clarify your reasons to buy vs. rent. Determine how much house you can afford to narrow and define your home search.

Check your credit history and save as much as you can for down-payment and closing costs.

Choose the right loan for you.
Gather the necessary documentation and paperwork ahead of time. It will save you a lot of stress and running around.

After you find the right home, Apply for your mortgage! Do it online, by phone or in person.

Get a professional home inspection and secure homeowners insurance before closing.

Why Buy?

It's an investment that you own and is yours to sell.

You can borrow against the equity in your home and convert it to cash.

Tax benefits. The interest you pay on a mortgage is tax deductible.

Go ahead, knock down that wall! You are free to customize your home or make improvements!