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Welcome to Lyn's Good News! Lyn Graham 410-876-5770 NMLS# 77145 lyn@lyngrahammortgage.com
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Happy Spring!

Hello everyone! I hope you are having an amazing month! It's just about Spring, which means it's peak home buying and selling season. In this month's issue of "Lyn's Good News", I am dedicating it to the wonderful process of home buying. I am passionate about educating homeowners in MD, PA, and VA. And in this issue I cover some of the best tips and information that you MUST know before buying a home. 

Enjoy!

The Home Buying Process: Step by Step

So you've decided to buy a home! Congratulations! But if you've never purchased a home before or haven't purchased a home in quite some time, it can be difficult to know where to start. Use this handy step by step list to get started and keep you on track. 

Step 1: Check Your Credit Report & Score

Before getting a mortgage or any kind of loan, you should always check your credit. According to the law, you're allowed to receive one free copy of your credit report per year. Scores range from approximately 300 to 850; generally, the higher your score, the better loan you'll qualify for. Don't forget to check your report for errors. If there are any, dispute them by following the dispute procedures listed for each credit agency - Experian, Equifax, and TransUnion. It may help your credit score. Contact Lyn to review your credit history and score. 

Step 2: Figure out How Much You Can Afford

You can calculate how much you can afford by starting online. Use my mortgage calculators that will help you calculate an affordable monthly mortgage payment. Don't forget to factor in money you'll need for a down payment, closing costs, fees (such as fees for an attorney, appraisal, inspection, etc.) and the costs of remodeling or furniture. Remember that you don't always have to put down 20% as your parents once did. There are loans available with little to no down payment. I can help you understand all your loan options, closing costs and other fees. Contact me at lyn@lyngrahammortgage.com. 

Step 3: Find the Right Lender and Real Estate Agent

To find the right mortgage lender, it's best to shop around. Get recommendations from your friends and family.Talk to at least three or four mortgage lenders. Ask lots of questions and make sure they have answers that satisfy you. Make sure to find someone that you are comfortable with and who makes you feel at ease.

Once you have the right mortgage lender, make sure you at least get a pre-approval. A pre-approval will give you a better idea of how big a loan you qualify for. The lender will actually pull your credit and get more information about you. However, you could even take it one step further by getting an actual approval before you start home shopping. That way, when you're ready to make an offer, it will make the sale go much quicker. Besides, your offer will look more appealing than other buyers since your financing is guaranteed. 

Step 4: Look for the Right Home

Make a list of the things you'll need to have in the house. Ask yourself how many bedrooms and bathrooms you'll need and get an idea of how much space you desire. How big do you want the kitchen to be? Do you need lots of closets and cabinet space? Do you need a big yard for your kids and/or pets to play in?

Step 5: For more tips, continue here. 

Home Buying Pro Tip


 One mortgage does not fit all!  There are a number of  different  types of mortgage programs for a  wide variety  of situations. Even  programs that work with first time  home buyers, buyers with poor credit, and buyers with no  money down. Find out which type of mortgage loan is best for your situation here
Come visit my NEW and IMPROVED website at www.lyngrahammortgage.com. Learn everything you need to know about the mortgage industry and homeownership. 

What You MUST Know About Buying A Home BEFORE You Buy! 

Buying a home is a huge undertaking that will change your life, but it’s not something that should be done before educating yourself on the process. We spoke to a few recent first-time homebuyers about the greatest lessons they learned and what advice they would offer a friend if he or she was about to embark on the home-buying adventure. 

1. Be prepared for the long haul

The housing market is tight and competitive; there’s not enough inventory and the houses that are available for sale typically receive multiple bids within days of hitting the market. It’s important to understand you might not get a house right out of the gate.

2. Understand the pre-approval and loan process

If you’re buying the house as a single person with no co-signers or anyone else listed on the mortgage, you’ll only have to worry about your own credit record. Keep in mind though, if you’re recently married or plan to share the loan responsibilities with someone, your lender takes both of your credit scores into consideration. Make sure your overall credit-to-debt ratio is within the acceptable limits determined by your lender.

3. Continue reading

ABOUT ME

I am a licensed Senior Loan Officer with 1st Financial Inc and am committed to excellence. I provide a full line of personalized services in MD, PA, and VA to accommodate all of my customer’s needs, including: purchases, refinancing, first time home buyers, investment properties, reverse mortgages, and much more. I enjoy helping people find the best possible solution for their mortgage. Contact Lyn today at lyn@lyngrahammortgage.com or at at 410-876-5770. 
Moving soon? Check out this helpful Organized Moving Guide & Checklist

FEATURED RECIPE


Shrimp & Asparagus Fettuccine

Very simple ingredients and full of robust flavor. It's a perfect dish for an everyday meal or to serve to company

Asparagus

  • 1 bunch fresh asparagus, trimmed and cut into 1 inch pieces
  • 3/4 cup olive oil, or more if needed
  • 6 cloves garlic, pressed
  • salt and pepper to taste
Pasta
  • 1 pound dry fettuccine pasta
  • 1 teaspoon salt
Shrimp
  • 2 teaspoons olive oil
  • 1 pound uncooked shrimp - peeled, deveined, and tails removed
  • 2 tablespoons seafood seasoning (such as Old Bay®), or to taste
  • 1 cup shredded Parmesan cheese, or more if desired
Cook shrimp, asparagus, and pasta separately as listed above. Drain pasta and place in a serving dish. Add asparagus and shrimp to pasta. Toss all ingredients with parmesan cheese and additional olive oil to taste. 
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Copyright © 2017 Lyn Graham Mortgage Services, All rights reserved.


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