The First-Time Homebuyer’s Guide to Mortgages

The First-Time Homebuyer’s Guide to Mortgages

In this guide, you’ll learn everything you need to know about the home purchasing and mortgage lending process as a first-time buyer.

Need help understanding the mortgage application process? Look no further.

You’re preparing to buy your first home – congratulations! At Addition Financial, we love working with first-time homebuyers. Looking for a new place to live, especially when it’s someplace you’ll be able to call your own, is exciting. We take pride in helping our members achieve their dream of homeownership.
 
We also understand that the process can be stressful and confusing if you’ve never done it before. You need to know what you’re doing and how to do it. That’s why we put together this guide – to help first-time homebuyers like you understand what they’ll need to do to get into a new home as quickly and easily as possible.
 
By the time you’re done reading, you’ll be ready to dive in and start looking for your very first house!
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The First-Time Homebuyer’s Guide to Mortgages

What’s in this guide?

  • Pre-qualification and pre-approval
  • The types of mortgage loans and the differences between them
  • What a credit union offers that a bank can’t
  • Where to find down payment assistance if you need it
  • How the mortgage underwriting process works – and how to make sure yours goes as smoothly as possible
  • What FHA insurance is and why you need it

Take a sneak peek into the pages.

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