Buying your first home is exciting and sometimes overwhelming. We'll walk you through every step of the process, from preparation to closing, so you can buy with confidence.
Start Your Home Purchase
Before you start house hunting, get pre-approved for a mortgage. This shows sellers you're serious and gives you a clear budget. We'll review your finances, credit, income, and assets to determine how much you can borrow.
You don't need to have 20% down to buy your first home. TRI-GLOBAL EQUITIES offers flexible down payment options to help first-time buyers who don't have a large savings cushion.
Now that you're pre-approved, work with a real estate agent to find homes in your budget. Look for a home you can afford comfortably—don't stretch to the maximum you're pre-approved for.
Once you find the right home, your agent will help you make a competitive offer. If your offer is accepted, hire a home inspector to evaluate the property's condition before you commit.
Once your offer is accepted, submit a full loan application. We'll order the appraisal and begin the underwriting process. Consider locking in your interest rate to protect against market fluctuations.
About 24 hours before closing, walk through the home to make sure any agreed-upon repairs were completed and the property is in the expected condition.
At closing, you'll sign final documents, verify closing costs, provide proof of homeowners insurance, and receive the keys to your new home!
Get quotes from multiple lenders. Even a 0.5% difference in rate can save thousands over the life of your loan.
If you have good credit, a 3-5% down payment program might work better than scraping together 20%, letting you invest the difference.
Plan for property taxes, insurance, HOA fees, maintenance, and utilities. These can be significant ongoing costs.
Just because you're pre-approved for a certain amount doesn't mean you should spend it all. Buy within your comfort zone.
Seller concessions, lender credits, and fee negotiations can reduce your closing costs significantly.
If possible, buy when rates are favorable and inventory isn't competitive. Patience often saves money.
Making large purchases before closing
Don't finance a car or make major purchases before your loan closes. This affects your debt-to-income ratio and could impact your approval.
Changing jobs during the process
Stay in your current job if possible. Lenders want to see employment stability. If you do change jobs, inform your lender immediately.
Ignoring the home inspection
Always get a professional inspection. It protects you from inheriting expensive repairs and gives you negotiating power.
Waiving your appraisal contingency
Don't agree to pay more than the home appraises for. Your lender won't lend more than the home's value anyway.
Skipping homeowners insurance shopping
Compare insurance quotes from multiple companies. Rates vary significantly and can save you hundreds annually.
Let our team guide you through every step. We specialize in working with first-time buyers and will make sure you understand every aspect of the process.
Get Pre-Approved Today