Congratulations, if you are a First Time Home Buyer in Canton, Ohio you've found the best residential loan officer to properly and patiently explain to you all the available First Time Home Buyer Programs and Tax Credits. Tom Reichert has been working with First Time Home Buyers like you for over 25 years.
First Time Home Buyer Tax Credit
For qualified First Time Home Buyers, Congress has made available to you a tax credit up to $8000 when purchasing a home on or before January 1, 2009 and before December 1, 2009. Contact Tom Reichert to learn how you can take advantage of this tax credit.
Get Pre-Approved
Tom Reichert recommends getting pre-qualified for a mortgage so you have an understanding of the amount you might qualify to borrow. Being Pre-Approved will save you time when looking at houses as you'll know exactly what price range you should be looking at. Also, being Pre-Approved will show the seller that you do not have any pre-existing financial issues. The process of getting Pre-Approved includes an analysis of your income, assets and present debt situation as well as having your credit checked. Contact Tom Reichert to get Pre-Approved for FREE!
Earnest Money, Down Payment and Closing Costs
When purchasing a home, you'll need to come up with enough money for three costs. When you submit your offer on a home you'll need to make an earnest money deposit to prove to the seller that you are serious about your intentions to buy the house. You'll need to make a down payment on the home when you go to settlement, which is a percentage of the cost of your home. When the time comes to close on your first house you'll need to pay closing costs to cover the process of the paperwork.
Buying your first home can be a daunting task, contacting Tom Reichert will make the process easy to understand and you'll find the process of buying your first home to be a comfortable and enjoyable experience.