As you are weighing your options of renting vs. buying a home, it’s best to have a clear idea of what the total cost of owning a home will be. Full transparency about the total cost of your mortgage is often overlooked by average lenders and is a valuable and unique add-on service we provide you at no additional cost. At Churchill, we take the time to provide you with a financial analysis which makes comparing your mortgage options a breeze.
Build equity over time to maximize your investment
Stable monthly payment with tax benefits
Higher up-front costs
Responsible for maintenance and repairs
Low upfront costs
No or low maintenance responsibilities
High long-term costs with limited housing security
Nonrefundable deposits and lack of control of ongoing housing costs
Did you know? A homeowner’s net worth is typically 45x greater than a renter’s.
Find out if buying a home makes sense for you, or if you're just better off renting.
I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive text messages sent by an automatic telephone dialing system. Consent to these terms is not a condition of purchase.
The most important part of understanding the mortgage process is finding a lender who understands you and your home loan goals (like saving time and money). Some parts of the process can be taken care of now while other parts will occur after you’ve picked out your home. Here’s a quick and easy view of the home loan process:
What could initially save you a few dollars could e nd up costing you hundreds or thousands!
Even if you’re only looking online right now, it’s best to start looking for a Realtor® who is familiar with your local housing market.
If you don’t have 20% to put down on a house, don’t sweat it. There are alternatives to the 20% rule, especially for first-time home buyers
This is the gold-standard of pre-approvals and can help you get your offer accepted quickly and close on your new home faster.
The underwriter will issue your final approval, process your closing paperwork and schedule your closing date and time. On your official closing day, you’ll have a lot of documents to sign but in the end your loan will be funded, and you’ll get the keys to your new home.
Getting a mortgage doesn’t have to be complicated. There are two main people you need to add to your home buying team when you start looking for your first home. Your team will do the heavy lifting and help you achieve complete confidence and peace of mind during each step of the home buying process.
If you’re interested in learning more, we’d love to help. As a first-time home buyer, it’s important for you to get advice from an expert in your area who will take the time to help educate you and explain the home buying process from beginning to end.