From Bargain Hunting to Home Buying: 4 Savvy Tips for Smart Homebuyers with Mortgage First Direct

If you're a dedicated bargain hunter who refuses to pay full price, the idea of buying a home at or above the asking price might send shivers down your spine. At Mortgage First Direct, we understand your commitment to smart financial decisions, and we're here to guide you through your home buying journey with the same savvy approach.

1. Explore Up-and-Coming Neighborhoods with Mortgage First Direct 

Keep an eye out for neighborhoods that are on the brink of a transformation. These areas might currently be undervalued but show signs of growth potential. Research local developments, upcoming infrastructure projects, and community initiatives that could contribute to increased property values over time. With Mortgage First Direct by your side, you can make informed choices about investing in these rising neighborhoods and securing significant long-term gains.

2. Schedule Multiple Inspections with Mortgage First Direct

When you find a property you're interested in, consider scheduling multiple inspections with various professionals. In addition to the standard home inspection, think about hiring specialists to evaluate specific aspects of the property, such as the roof, plumbing, and foundation. This thorough examination, coupled with guidance from Mortgage First Direct, can uncover hidden issues that could provide leverage for negotiation or help you make a well-informed decision about the property's true value and potential costs.

3. Embrace "As Is" Listings with Mortgage First Direct

Homes listed "as is" often require repairs that sellers can't afford to undertake. Such homes are usually priced lower to account for necessary fixes. This presents an opportunity for savvy buyers like you, and with the financial solutions offered by Mortgage First Direct, you can secure a great deal. What's more, you'll have control over repairs and replacements that will be carried out according to your preferences.

4. Explore Mortgage Programs with a Pro from Mortgage First Direct

Begin collaborating with a local mortgage professional from Mortgage First Direct about three to six months before your planned home purchase. This will give you time to explore various programs, calculate scenarios, and potentially enhance your credit score. While a FICO score of 760 or higher unlocks the best interest rates, even a modest 10-20 point increase can lead to favorable rates. A credit score of 660 or higher is generally required for mortgage approval, so make sure you meet this threshold with guidance from Mortgage First Direct.

Your Dream Home Is Closer Than You Think with Mortgage First Direct!

With these extra tips, you're ready to conquer the real estate market with your signature financial finesse. However, remember that a successful journey requires a trusted guide by your side. At Mortgage First Direct, we're seasoned mortgage professionals ready to ensure your financial strategy aligns seamlessly with your real estate aspirations. Let's connect and navigate this exciting path together!

• Specific loan program availability and requirements may vary. Please get in touch with your Mortgage First Direct advisor for more information.