Mortgage Companies in Pensacola, Florida
Below is a list of all Mortgage Companies in Pensacola, FL. For contact information, click on the "Mortgage Company Details" link below.
First Time Home Buyer Tips
If you are thinking of buying a home for the first time, there are a number of things to consider. When purchasing for the first time, consider the long term and resale. Are you planning to have children? Possibly taking care of an elderly parent? Think about the school district. Is the house on a busy street? Remember, most people looking to purchase your home down the road may have kids and those are things they will look for.
Make a Check List:Buying a home is an emotional process. Ideally, you should set aside your emotions when evaluating a house, but that's practically impossible to do. Instead, make a checklist of your must haves, nice to have and other essentials. Print copies of the list. Every time you visit a house, take it with you. Take pictures, so you can check it off the list.
Budget:When budgeting for the house don't just calculate the principal, interest,taxes and insurance. Add in the utilities, cost of travel to and from work, and any upgrades you want. Ask about water, sewer and electric bills so you get an idea of what to expect. Budget all of these expenses to see if you really can afford the house.
Make Sure to Look Over Any HOA Documents:Always look over homeowner association documents before even considering a purchase. They may have rules and regulations that you can't live with, so check first.
Research Grants & Other Sources of Funding:When you are researching mortgage options, be sure to check into any grants and other funding sources. You may be pleasantly surprised that you qualify for additional money from a grant etc. For example, if you are a teacher or farmer etc., and the location of the home, you may be eligible.
Learn About Neighborhood Demographics:If you end up buying a house in a neighborhood full of renters or bad landlords, the neighborhood may not be desirable for resale purposes.
Look Beyond the Staging:Pay more attention to the layout of the house and the structure itself. Staging is meant to sell a house and it does work, so look beyond the staging. Mentally, try to remove the staging and look past ugly wallpaper and garish paint. That can always be easily fixed.
Old Advice Still Holds True:For example, have an emergency fund, have at least 20% for your down payment, get your credit in good shape and don't buy more than you can afford.