Advantages of Purchasing
Whether you are a first-time homebuyer, purchasing your second
home, or purchasing investment property, Countywide Financial
can offer you a variety of resources and loan programs to meet
your unique and individual needs. We want to help you realize
the dream of homeownership. In addition to the personal satisfaction
and pride you can achieve from ownership, home ownership has
several other advantages. Among some of the key advantages include:
- BUILD EQUITY – As you pay down
your mortgage, you build equity. This equity can be used
to secure a home equity loan or line of credit, pay for
an array of things, such as a new car or a college education.
- REDUCING YOUR TAXES – You may
be able to deduct the interest you will pay on your mortgage
as well as your property taxes from your taxable income.
Even if your mortgage is more than what you pay for rent,
the potential overall tax savings can make owning less expensive
than renting.*
- BUILD CREDIT – Paying your mortgage
on time can increase your credit score and build a positive
credit record.
- BUYING FOR PROFIT - While there are
no guarantees that your home will appreciate in value, it's
true that real estate can be a good investment over the
long haul. Depending on how long you own your home and current
market conditions, you could sell your property for a profit.
- PRIDE OF OWNERSHIP – Aside from
the numerous financial advantages homeownership can provide,
there are other important factors that are priceless. The
pride of owning your own home, the feeling of permanence,
and the freedom to express your own creativity that reflects
your unique tastes is difficult to accomplish if you are
renting.
A Countywide Financial, We Can Provide You With
- A WIDE VARIETY OF LOAN PROGRAMS. Click here to learn
more
- ACCESS TO LOW RATES. Click here to search our rates
- LIVE ASSISTANCE FROM OUR LICENSED MORTGAGE PROFESSIONALS
WHO ARE AVAILABLE TO GUIDE YOU THROUGH THE LOAN PROCESS.
Click here
- CALCULATORS TO HELP YOU UNDERSTAND AND ANSWER VARIOUS
FANANCIAL QUESTIONS. Click
here.
Countywide Financial will be with you at every step
of the loan process.
- Before shopping around for a house, you should get a
Pre-Qualification Letter. This will allow you to get an
idea of how much house you can afford and what loan amount
you can expect to qualify for.
- Select a knowledgeable real estate agent with your best
interest in mind. Share with him or her what you are pre-qualified
for so they can help you find a house based on what you
can AFFORD…not what they want you to buy!
- Find a loan program that is right for you. Click
here.
- Get Pre-Approved. (For more information about Pre-Approval
and why it is important, Click
here. )
- Once you find the home you wish to purchase, you will
write an offer, submit your pre-approval letter and submit
good faith deposit.
- Upon acceptance of your offer, you will open escrow and
notify Countywide Financial to begin the loan process. You
can either call us directly or fill out the loan application
online.
- Once escrow is opened and the loan process has begun,
your new property will need to be appraised to verify value,
which Countywide Financial will arrange for you.
- Your loan is APPROVED!
- Close the escrow by having your down payment and closing
costs ready for the escrow or title company.
CALCULATORS TO HELP YOU UNDERSTAND AND ANSWER VARIOUS FANANCIAL
QUESTIONS. Click
here. |
