Buying a home for the first time is a very exciting adventure, but as with any new experience it can be easy to make plenty of mistakes. In order to make a satisfying purchase, try to avoid these 5 big first-timer blunders. 1. Get Pre-Approved before looking for a home If you are truly ready to make a home purchase, start with first things first. Contact Farmers Bank Home Mortgage to get pre-approved for a mortgage. This will give you a good idea of how much home you can afford and it will make you a viable buyer when you find the right house. Otherwise, you run the risk of falling in love with...
January 16th, 2019 | Purchasing a Home, First-time Homebuyers, Preapproval, First-time Homebuyers should avoid these 5 Mistakes
Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here’s the basics you need to know as you save up for your first home. A down payment is a portion of the purchase price paid up front to your mortgage lender. It is very important to lenders because it shows them you are serious about the purchase and committed to paying off your loan. How Down Payments Affect Your Mortgage The size of your down payment can affect your mo...
All of us at Farmers Bank Home Mortgage would like to wish you a Merry Christmas and a Happy New Year! We would like to thank you for making 2018 a great year and for the privilege of helping you purchase or refinance your home. We hope that 2019 is a year full of happiness, health and prosperity for you and your loved ones. All the best, Farmers Bank Home Mortgage
December 19th, 2018 Happy Holidays from Farmers Bank Home Mortgage
Everyone needs a helping hand at some point. Farmers Bank Home Mortgage is extending a hand to those in need in our community by donating our time and money to United Way South Hampton Roads. Find out more about the cause at https://unitedwayshr.org
December 7th, 2018 Invest in Our Community by Giving
As you near retirement, you may be anxious to completely pay off your mortgage and be debt-free before your traditional income stops. In most cases, this is the best plan but there are situations when holding on to your mortgage into retirement may make more sense. Why You Should Pay Off Your Mortgage Being debt-free as you start retirement can make the transition to a fixed-income much smoother. Those who do not have their mortgage paid off yet sometimes have to dip into their investments to make their payments. That can result in higher taxes and less reserves for retirees. An...
Thanksgiving is a time to express gratitude to those who make a difference in our lives. Thank you for your continued support of our business; it’s always a pleasure to help you and your family with your mortgage. All of us at Farmers Bank Home Mortgage would like to wish you a safe and Happy Thanksgiving. All the Best, Farmers Bank Home Mortgage
November 21st, 2018 Happy Thanksgiving from Farmers Bank Home Mortgage