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How Homewise Helps First-Time Home Buyers Get a Mortgage

Bianca Foti - December 22, 2020, 12:08 pm

Buying your first home can be confusing at times, and here at Homewise, our goal is to make this entire process simple – and free. We’ve made this possible by creating a 5-minute online pre-approval application, an inventory of educational resources along with the added benefit of a personal Mortgage Advisor once you apply. Here’s what you can expect when you get a mortgage with Homewise:

We help you understand what you need from the start. 

Given that it’s your first time, you may be unsure about exactly what you need to start, which is why our team shares valuable tips and information to help you navigate the process. We outline everything you need for your home purchase and getting a mortgage by guiding you based on your unique circumstances. This may include key documentation required, how much you need for a down payment, additional hidden costs (closing costs), and the many factors that impact your home affordability

Get pre-approved and understand your options and affordability in just 5 minutes.

When it comes to getting a mortgage, we always encourage getting pre-approved before you begin the process. Pre-approval allows you to understand what you can afford from the start and will simplify your home search by helping you focus on homes that are within budget. This will also save you plenty of time and manage your expectations during your home search. At Homewise, we’ve made this process quick and easy with a pre-approval application that can be completed in just 5 minutes. Once you submit your application, you will be set up with a personal Mortgage Advisor who will guide you at every step of the process with full transparency. Our Advisors work with over 30 banks and lenders to find you the best mortgage based on rates and features.

Get a free personal Advisor to guide you at each step. 

We know the process can be confusing and for some reason, nobody ever taught mortgage 101 in school. That’s why we provide you with a personal Homewise Advisor. Your Advisor will help you understand each step of the process with full transparency and manage all of the paperwork – no more fine print! 

We educate you on all of the available programs and incentives.

As a first-time buyer, making a down payment doesn’t always come easy. However, there are a number of federal government programs available that offer additional assistance to help you. Before you apply for a mortgage, it’s essential to explore these programs to see if you qualify. At Homewise, we make sure that you’re aware of all of the programs and incentives available as a  first-time home buyer. These incentives include: 

  1. Land-Transfer Tax Rebate 

  2. The First-time Home Buyers Incentive Program 

  3. The Home Buyers’ Plan 

We shop different lenders to find you the best mortgage option.

Our team of Mortgage Advisors work with over 30 banks and lenders to give every home buyer a clear picture of the mortgage options available in the marketplace. We recognize that no two lenders are the same, which is why we make sure to compare options in order to find the mortgage that best suits your individual needs. As a first-time buyer, it’s only natural that you aren’t privy to all of the information out there, so we make sure to break down all of the fundamentals to help you confidently make a decision.

We provide tools and resources that are easy to understand.

We know the mortgage process can appear to be complex. To help you navigate this, we have an inventory of up-to-date resources and tools that you can refer to before applying for a mortgage. Our blog features relevant checklists and guides that specifically cater to first-time home buyers. From defining complex terms and understanding the different types of mortgages available to learning exactly what you need to get approved, our goal is to deliver information that’s easy to understand so you can make informed decisions. We also have a series of calculators available on our website to give you a better idea of expected closing costs, monthly mortgage payments and your home affordability as it relates to a potential home purchase.

We provide transparency to help you make the right decision.

When you work with us, you can be assured that you’re getting unbiased advice to help you make the best decision based on your unique needs. Our team of Mortgage Advisors shop different lenders for you and are fully transparent when it comes to comparing mortgage rates, features and benefits. Your personal Mortgage Advisor will walk you through the pros and cons of different options and guide you to make an informed decision.

At Homewise, our goal is to make the mortgage process as simple and stress-free as possible for you. If you’re a first-time home buyer and want to learn more about how we can help, contact us today or start the process by getting pre-approved in just 5 minutes.

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