Purchasing a home should be nothing less than exciting. It’s a major commitment and one of the largest transactions you will likely make in your lifetime but this shouldn’t overshadow the dream of homeownership. An easy and stress free process is an experience we’re dedicated to ensure. Being prepared by answering two questions—are you ready to buy and how much “house” can you afford—will help you make better decisions throughout the process. Take this opportunity to learn more about the home buying and mortgage experience. Below and throughout this site you will find helpful information to aide you in purchasing your new home but there is nothing quite like personal attention. If you have any questions or concerns, please don’t hesitate to pick up the phone and give us a call or send us an email. We are here to help YOU.
There are many advantages to homeownership. One of the most significant: home owning allows you to build equity (ownership) by paying your mortgage on time each month. Bonus: in many cases, the monthly mortgage payments are less than the monthly rent payment.
When considering homeownership for the first time, it’s important to determine if buying makes both, financial and practical sense for you. To do so, consider the pros and cons to both renting and buying, weighing them to your personal situation. Think about location, length of time you plan on staying in the area, income and job stability, utility expenses, and home care, for a few.
Save time by focusing only on homes in your price range. To do so, calculate your purchasing power and determine how much you can afford to pay each month.
Down payment: Typically ranges from 1-30 percent of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20 percent, you may be required to pay mortgage insurance.
Closing Costs: Typically range from 2-6 percent of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
Before you go looking for a home, you should see if you are financially able to get a mortgage and get an estimate of what you pre-qualify for from a lender. If you are working with a real estate agent, getting pre-qualified lets them know you are a knowledgeable and serious buyer.
"If you are looking to refinance or just purchase a home. Glen at Hall financial is hands down the best. In a world full of people ready to pounce on you and nonstop calling until you answer, Glen is the light at the end of the tunnel. Never once was he pushy or overbearing. Answered every single one of my questions without skipping over any with generic robotic answers. He is the real deal. He will get it done and will not lead you on or send you in the wrong direction. If you want the best without any issues. Give Glen a call. You will be glad you did"
Glenroy NMLS #172839
"Nathan is the greatest of all time. He had an excellent attitude and personality. Very bright and happy individual. He was great to work with and was there to answer every question, every time, every step of the way. Always kept me and my wife updated with the process. Outstanding and will gladly recommend him anytime!"
Nathan NMLS #1022903
"Keith was incredibly helpful and easy to work with, especially considering this was for our first home! He went above and beyond, working through a weekend so we could get all of our paperwork finished in time to make an offer. He helped make the process much smoother, easier, and less stressful, and helped explain a lot of things to make the process less daunting. We would absolutely recommend Keith for anyone, and we felt lucky to work with him!"
Keith NMLS #1578601
"I was looking to refinance and tried the online chat method. Thomas responded very quickly and within just a few hours he had a great option for me that was exactly what I was looking for. This was incredibly easy and helpful. I would tell everyone to call Thomas for any mortgage needs."
Thomas NMLS #1376113
"Diane helped my husband and I purchase our new home and she was such a gem to work with. Not only did the transaction go seamlessly and quick, she actually made it enjoyable. There was nothing stressful about it. She is extremely knowledgeable along with Emma her processor. I am a local Real Estate agent and not only did I trust her with my business I trust her with my clients! Thank you again Diane for everything!!!"
Diane NMLS #1541451
"Seth Gray was an outstanding person to work with. He answered any questions that I had and always returned my phone calls. Emma was very accurate with the figures and kept me informed on the refinancing. Seth and Emma made this process very easy...I would recommend Hall Financial to anyone who is a first-time home buyer or someone who wanted to refinance their current loan. I give them an A PLUS."
Seth NMLS #21280
"Patrick Ali at Hall Financial really was great to work with! Very professional, very thorough with the details, and very helpful at each step of the refinancing process. He always kept us informed of what was going on and what to expect next. Patrick was always quick to reply with any question we had. The entire process went extremely quick. From the initial contact to closing took only 3 weeks! The interest rate was better than other lenders were advertising. Closing costs were pretty much the same as the other companies we checked with. We were able to change from a 30-year mortgage to a 15 year, lower our interest rate and eliminate our PMI. Great job Patrick and Hall Financial!"
Patrick NMLS #1484858
"I’m a fully Disabled Veteran who has bought homes in the past but never had used my VA Loan benefit. Thomas is a great communicator, adaptable to the situation at hand and is absolutely ALWAYS looking for a way to make the process easier and more beneficial for you, his client. Even though he is busy with multiple customers at the same time, he makes you feel as if you are the only client he has. He works from early morning to late in the evening because he is on the job for you and wants to make sure that you are satisfied with the deal and happy with the outcome. I’m DEFINITELY happy to spread the news and refer others to Thomas as I’m certain that others will have the same experience. Well done TG!!"
Thomas NMLS #1376113