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We all hear about the American dream, but achieving our dreams often seems out of reach for many people. There are things all of us dream of, and one of those things that families often dream of is owning their own home.
We currently rent a house, but I’d love to own my dream home some day, when the time is right for us. I’d love to have a big kitchen since I’m always cooking and baking, my own office since I work from home, plenty of land for animals, a big garden and for the kids to run around in – and Brian wants a garage so he can have some man space. That’s not asking too much is it?
Most people are overwhelmed when they start thinking about the financial side of owning their own home though. Will they qualify for a loan? And if they do qualify, will they be able to afford the payments and associated property taxes? Which mortgage company is the best one to go with?
Prospect Mortgage, one of the nation’s largest independent residential retail lenders, offers great home lending options for first time home buyers. Their two solutions for new home owners are the 203k loan and the Homepath loan. They can approve and close both of these loan types in-house.
As a first time home owner, I know I would appreciate someone knowledgeable walking me through the differences between the two types of loans and helping me choose the one that would be right for me.
While we’re not quite ready yet to take the jump and buy a home yet, I will definitely consider Prospect Mortgage when we are ready. If you’re considering purchasing your first home, check out the loan options for first time home owners from Prospect Mortgage and make your dream of owning a home a reality!