Start At The Beginning

Many people buying their first home are afraid lenders don't really want to work with them. That's simply not true. Without you, there would be no mortgage lending business. Lenders want to help you buy your first house!

Q I really want to own a home, but I'm not sure I can afford it. Where do I start?

A Some people don't even consider buying a home because they're afraid they can't afford it. But for most people, home ownership is within reach, especially with the many special programs for first-time home buyers. In fact, often, home ownership is as affordable as renting; in some cases even more affordable.

The best place to start is with a licensed professional mortgage lender. Use our Mortgage-Finder Form to have us help you explore all the options of home ownership.

Q How do I know how much house I can afford?

A Before you start looking at homes, you need to have some idea of what you can afford. As a general guide, you can purchase a home with a value of two to three times your annual household income, depending on your savings and debts. However, you may be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Use our free service to find out what is available for your particular needs.

Q When should I talk to a mortgage lender?

A The short answer: When you start thinking about buying a home. It's true you can't actually apply for a mortgage until you've chosen your home and signed a contract to buy it, but you shouldn't wait until then to start talking with a mortgage lender.

Any reputable mortgage lender will be happy to help you as you look for a home. The lender will work with you to determine how much house you can afford, help steer you to special mortgages for first time home buyers, and perhaps make suggestions that could make it easier to get the best mortgage for you.

Another advantage: you'll already have a good relationship with a lender when it comes time to apply for your mortgage.

Again, through our free service, we will put you in touch with a competitive New Jersey mortgage lender.

NOTE: For answers to more questions you may have about mortgage terms or the mortgage process, take a look at our Mortgage Tips and FAQs section.

Click here for our free Mortgage Finder Service.