Your Mortgage: A Complete Guide

Posted by Erin Davis on Tue, Mar 10, 2020

can-you-pass-mortgage-stress-test-featured-imageLooking for your first home? Thinking of making your move to a home that is a better fit for your family? No matter what stage of life you find yourself in, purchasing or building a new home is an exciting prospect! Getting a mortgage doesn't have to be scary or stressful - we've got all the information you need to make purchasing your dream home a breeze!

Buying Your First Home?

When it comes to purchasing your first home, there are so many things that you need to keep track of. Saving for a down payment, shopping for a mortgage, keeping track of your payments... it might seem like a lot of work, but never fear! We have a number of resources that will help you navigate the financial aspect of buying your first home.

 

If you're a first-time buyer shopping for a new home, you might want to take a look at Government Incentives that might help you make up your mind when deciding whether to own or rent your home.

 

Learn more about Government Incentives for First Time Buyers Here!

 

Mortgage applications? Mortgage approvals? If you're unsure of the mortgage process, these articles can help de-mystify the application and approval stage of shopping for your new home mortgage:

 

Learn more about Applying and Getting Approved for a Mortgage

 

What you should Expect when Shopping for your First Mortgage

 

While shopping for a mortgage can be daunting, having your mortgage application be denied can feel like a hit to both your goal of owning a new home, and your pride. Don't let it get you down, though - there are steps you can take after you've been declined for a mortgage that will still help you achieve your financial goals!

 

Declined for a Mortgage? Here's what to do Next

 

Mortgages Made Easy

Financing your new home shouldn't be difficult. There are so many options and resources at your disposal to make shopping for your mortgage easy.

 

When it comes to finding the perfect mortgage for your situation, Ownest is your go-to service for finding financing. Ownest is an all-in-one service that helps take the stress out of searching for the best mortgage rates available to you.

 

Ownest Mortgage Service: Mortgages Made Easy!

 

Part of getting your mortgage involves deciding what your new home's affordability really is. Knowing your budget when it comes to shopping for a new home is an important step in your journey towards new home ownership. Check out these resources to learn more!

 

How Much Mortgage Can You Afford?

 

Buy Your New Home in Your Budget!

 

When you build a new home, one of the (many) decisions that you'll need to make is whether you want to apply for a draw mortgage, or a completion mortgage. What's the difference? Learn all about your options for financing a new home build here:

 

Draw or Completion Mortgage: What's the Difference?

 

Purchasing a new home is probably the largest financial decision of your entire life. Some new home owners are intimidated by the cost of a down payment, mortgage payments, and interest that you'll need to pay off. Don't worry - there are a few ways that you can take supplement your income and better your financial health when it comes time to consider buying a new home.

 

Use your Tax Refund for your Down Payment

 

Get Qualified for Your Mortgage with an Income Suite

 

When it comes to financing your new home, there is so much to learn and keep track of. Shopping for a mortgage doesn't have to be intimidating - staying informed will ensure that your home building journey is easy and stress-free! Check out our monthly budget worksheet to help achieve your financial goals!

Click here to download your free Monthly Budget Worksheet!

Topics: financial, Mortgage

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