New Home Purchase

New Home Purchase

So the time has come for you to purchase a new home. Purchasing a new home is by far one of the largest financial transactions you will ever make in your life, so you will want to take your time and learn as much as you can about the mortgage industry.

The first question that comes to peoples minds when they begin their quest for a new home is how much can I afford?î

Many factors play a role when it comes to determining how much you can afford. Such as your income, your current debt, down payment, the term of the loan, etc.

Once you have determined what your financial situation is you will want to begin your quest for a mortgage. But before you dive in and start filling out applications.

Purchasing a home requires time, patience and education. But don't worry, you don't have to do all of the work yourself. There are people within the industry you will be working with such as Realtors and lenders that will help you through this process and point you in the right direction.

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Primary Residential Mortgage, Inc., DBA Element Funding, NMLS #3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Georgia Department of Banking and Finance 6521. DeAnn Ellis | Senior Loan Officer | NMLS: 148916

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