Buying a house is a huge achievement for many. Becoming a homeowner offers you a sense of security and comfort. We all know that the journey of homeownership can be full of twists and turns. It requires diligence, steadfastness and a whole lot of patience. If you are a first-time home buyer venturing into the world of real estate, then you need to be well-informed to make the right choices. Buying a home is definitely a long-term investment that can lead to wealth and security. By gaining adequate knowledge about the current market trends, property management and financial planning, you can make a sound decision. It also helps you create a roadmap which is suitable for your homeownership journey.
If you want to gain more in-depth knowledge about homeownership then you should join the Dream Home Mortgage exclusive webinar on Roadmap to Homeownership & Wealth. The webinar covers key points about first time home buyer programs and the best tips and tricks to make the process easier.
Let’s take a closer look at what you will learn in this webinar, the perks of being a first-time buyer in Texas and 5 steps to homeownership.
Highlights That Will be Covered in the Roadmap to Homeownership & Wealth Webinar:
Dream Home Mortgage is one of the leading mortgage lenders in America. Based in Texas, Dream Home Mortgage has helped thousands of families all across the 50 states of America achieve their dream of homeownership. Under the brilliant stewardship of Mr. Hussein Panjwani and Mrs. Sharmyn Panjwani, Dream Home Mortgage has achieved unprecedented heights.
The webinar will be hosted by these experts and they will provide you with insights on the following key points:
- Options for first-time home buyers.
- The best first-time home buyers’ program is offered by Dream Home Mortgage.
- Perks and benefits offered to first-time homebuyers in Texas.
- The role of your credit score and limits when buying a house.
- An in-depth guide to purchasing your first property and avoiding mistakes.
What are the Benefits of Buying a House in Texas?
Many states offer special perks to first-time home buyers. This can be in the form of assistance programs that help with down payments and closing costs. First time home buyers who are looking to buy a house in Texas can get these perks:
- Lower Down Payments: One of the most important things when purchasing a house is the down payment. But most homeowners have a hard time coming up with this initial payment. The state of Texas, offers many down payment assistance programs. You can apply for a house with only 3% down payment which is comparatively very low as compared to other states that ask for 20%.
- Minimum Closing Costs: In the state of Texas, to protect the buyer from paying high closing costs, there is a 2% closing cost rule set in place. According to this rule, buyers are expected to pay only 2% of the house’s purchase price when it comes to paying the closing costs.
- Tax Benefits: The reason why Texas is a big hit with first time home buyers is due to no state income tax. This is a huge financial advantage for home buyers.
- Homebuyer Education Programs: First time home buyers are often quite nervous about purchasing their first property. The reason for their fidgetiness is that they don’t have the proper knowledge about real estate, mortgage options, and other insights. Do not worry. The state of Texas offers many homebuyer education programs that guide you through the ins and outs of home purchase.
5 Step Guide to Homeownership:
Here is an overview of purchasing your dream home in the heart of Texas.
- Make a Financial Roadmap: It is always a good idea to go over your finances before purchasing a property. You should have adequate credit score, low debt-to-income ratio, a down payment and savings for monthly repayments.
- Get Pre-approved for a Mortgage: After you have attained an all-clear from your financial advisor, you can start the procedure of buying your dream home. The first step is getting a pre-approval on a mortgage. This shows your seriousness to buyers, helps you lock in a steady interest rate and offers an estimate of how much you can borrow.
- Find a Real Estate Agent and Start Looking for your Dream Home: By having a trusted and reliable, real estate agent by your side is great idea. A good real estate agent can easily navigate the housing market, select the best property and come up with the best deal for you.
- Make an Offer and Conduct a Home Inspection: Once you have found the property, you are interested in, you can make an offer. When the offer is expected by the seller, you can schedule an inspection to find any potential issues before the closing.
- Close the Offer and Move In: If you are satisfied with the house inspection, you can move on to the closing process. You will have to sign some paperwork, transfer the funds, and seal the deal by receiving the keys to your dream home.
Join the Roadmap to Homeownership & Wealth webinar by Dream Home Mortgage!
Buying your first home in Texas can seem daunting at first. But with the right guidance and knowledge, you can become a homeowner in no time. To get the latest insights about mortgage options, first-time home buyer programs and a customized roadmap to homeownership, you should join the Roadmap to Homeownership & Wealth webinar by Dream Home Mortgage on 12th September 2024 at 7:30 PM (CST). All your burning questions will surely be answered by the leading industry experts, Mr. Hussein Panjwani and Mrs. Sharmyn Panjwani. So, what are you waiting for? Secure the best spot now and unlock the door to your dream home!