A home purchase is often the largest, single financial investment people make in their lifetime. Buying a home, the place you live, raise a family, entertain your friends and make memories should be exciting. There shouldn’t be any mysteries or unexpected surprises in the home buying or mortgage process to cloud the bright future in your new home.
Shea Homes has a history of caring about our customers, which begins with simplifying the home buying process, including the mortgage. It’s not uncommon to have more questions than answers, that’s why we created the Home Buying Guide for some great, interactive tips to clarify the journey of buying a new home. Understanding the “inside baseball” terms, the various steps in home buying, and what to expect at each one goes a long way in making the new-home buying experience a great one. Here's what one Shea Homeowner has to say about the process:
“This was our first time building a brand new home. We have owned several homes prior so knew exactly what we wanted and decided to have Shea build our "dream". Rather than telling us what we couldn't have they did all they could to give us what we wanted! The staff, from the very first person we met at the model to the last person we did the final walk through with, became family and treated us with so much respect. They answered any question and fixed any problem "the right way" no matter the cost to them or the difficulty. I was always asked if there was anything else I needed or wanted. If ever I have to move out of my perfect home I will only buy with Shea Homes!”
If you aren’t sure if home ownership is right for you now, but purchasing a home is in your future there are a few of things to consider. First, is your credit score. When it comes to buying a house, your credit score is important. Missing or late payments on rent, a mortgage, credit cards, automobile payments, or just about anything can influence your credit score. The best practice is to pay on time, every time.
Second, is paying off debt. Lenders look at your income and the total of all your debts, this is called your “debt-to-income ratio” and will determine how much home you will qualify to purchase. Finally, save a little something. Having the necessary funds for a down payment is important in qualifying for a loan to purchase your new home.
Interest rates are at historic lows, making this a great time to buy a home. If “rent vs. own” is where you are, try this for some answers. If you have more questions, the Home Mortgage Guide can help.
Ready, Set, Go!
You’ve looked at the beautiful Shea models, in person or online, and found the perfect model and floor plan to fit your lifestyle. This is when getting pre-qualified for a loan with Shea Mortgage comes in. Understanding your options is the first step in the mortgage process. For today's homebuyers, choosing the right mortgage is as important as choosing the right home. There are a variety of loan programs, loan terms, loan rates and loan options available today. The experience of Shea Mortgage and the professional, buck-stops-here way of doing business will make your mortgage process a breeze. Your Shea Mortgage Representative will offer all the information you need to be fully prepared and ready to go from start to finish.
If you are interested in getting prequalified for your new home, go to http://www.sheamortgage.com/. For more information about Shea Homes’ communities across the Valley, visit our website or call us toll free at 1-866-696-7432.