6 Steps To Buy Your First Home In MA | Drew Mortgage

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• Introduction
• Buying a home for the first time is an
  extraordinary feeling for people.
• It is one of the most significant purchases that
  you will make in your life.
• A first-time homebuyer is the one who buys a home
  for the first time or someone who is buying the
  property after a break of 3 or more years.
• Drew Mortgage, mortgage lenders in Massachusetts,
  has curated a stepwise list for your first home
  buying process. Lets check it out.

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• STEP 1 DETERMINE YOUR BUDGET
• The process of buying your first home should
  always start with determining your budget.
• Household finances and the budget for a home
  should be in sync.
• Always try to save the maximum amount for the
  down payment.
• Once you know how much you can afford and the
  features you are looking for in your first home,
  you are good to move ahead.

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• STEP 2 CHECK YOUR CREDIT SCORE
• Most first-time home buyers prefer to take a
  mortgage.
• Mortgage lenders use the credit scores to
  determine how much loan can be given to you.
• A low credit score indicates your lack of
  reliability, whereas a high credit score
  indicates that you are good at repaying debts.
• This score matters a lot because of the
  significant loan amounts.

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• STEP 3 TAKE MORTGAGE APPROVAL IN ADVANCE
• As you start the buying procedure, you may face
  mortgage approval problems due to credit scores
  or other paperwork.
• This is why the best idea to get your mortgage
  pre-approved.
• It saves a lot of time, and you get to know the
  limits for your mortgage amount.
• Connect to Drew Mortgage for fast approvals.
• We are one of the leading Massachusetts mortgage
  companies.

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• STEP 4 START YOUR FIRST HOME SEARCH
• Once you have mortgage approval, that is the best
  time to begin your home search.
• Connect to the Real Estate Agents to find
  multiple options suiting your budget and personal
  needs.
• You can also begin a house search within clicks
  right from your comfort zone.
• Shortlist a few suitable options, connect to the
  sellers.
• This process can take longer than expected, be
  patient.

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• STEP 5 SCHEDULE A HOME VISIT
• Visit and check the property thoroughly before
  signing any legal documents.
• Schedule your visit to the shortlisted home.
• Check if the home meets all the criteria
  mentioned by the seller.
• Have an inspection for electric connections,
  water supply, the neighbors, location, and more.
• If your new home requires some repairs, talk to
  your mortgage lenders.
• They will suggest to you the best options
  available for your needs.

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• STEP 6 COMPLETE DOCUMENTATION PROCESS
  CELEBRATE
• It is so satisfying feeling for a first-time
  homebuyer to own the home finally.
• Complete your documentation process.
• Negotiate on the property and then proceed with
  the buying process.
• Read all the documents carefully and sign.
• Ask your Real Estate Broker to ensure everything
  is done in the right way.
• Connect to Drew Mortgage, the best mortgage
  lenders in Massachusetts.

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DREW MORTGAGE BRANCH OFFICES Drew Mortgage
Associates 196 Boston Turnpike Road, Shrewsbury,
MA 01545 Phone [phone] Peabody
Mortgage Lenders
Boston Mortgage Lenders 1 Mt
Pleasant Drive Peabody, MA 01960
232 Commercial St.Boston, MA
02109 Phone [phone]
Phone
[phone]
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