Move Away From Renting To Buying Your First Home
02/02/06
For Immediate Release
Contact:
Sandra Citrigno
Corporate Communications Specialist
Meriwest Credit Union
Direct Line: (408) 365-6383/Cell Phone: (408) 887-3833
Move Away From Renting To Buying Your First Home
SAN JOSE, Calif., January 17, 2006 – Owning your first home is a dream many would like to
achieve. Renting for so long can get old and it is time to to think about buying your
own home and saving up for it. For starters – here are some tips John Souza, Meriwest
Mortgage Consultant, has for you in finding the home of your dreams.
- The first thing to consider: Where would you like to live and where can
you afford to live. You need to be able to budget for a home and make sure you
have the funds available to qualify for one. Meriwest Mortgage loan consultants
can consult you in what you can afford. Also, check into the following sites to get
more information on first time home buying:
- Location: When buying for location look at school district ratings, traffic
flow, and if it is close to grocery stores, drugs stores, hospitals, restaurants, malls, etc.
- Neighborhood: Look for well-maintained yards - this is very important when trying to
resell the house – no one will want to buy your house if it is in a neighborhood where
the yards are messy and not well-kept. Also, find out how the neighbors are – are they
noisy, are there parked cars everywhere, etc.
- Floor plan: A home’s layout is very important and a new homebuyer should look at
the floor plan because a good floor plan will resell better. Also, if the layout is good
it may be easier to remodel.
- Condition: Is the foundation in good shape, are the interior walls
cracked? Is there a problem with termites? Is there damage from rain? etc.
These are things to look out for before considering to buy the home.
- Lot size: Do you want a large lot for children, or would you rather have something
smaller that is easier to maintain, etc.
- Advantages of buying a home: Over time, the mortgage balance decreases and equity
builds – even if the value of the home does not increase. There are also tax advantages when
buying a home, and finally, the ability to remodel and create the home you want to live in
for years to come.
If interested in covering this topic and for more information, please contact me at
408-365-6383 and I will refer you to John Souza, Meriwest Mortgage Loan Consultant to
schedule an interview.
About Meriwest Mortgage
Meriwest Mortgage is a wholly-owned subsidiary of Meriwest Credit Union, one of Silicon
Valley’s largest and established financial institutions. Meriwest Mortgage provides
an array of real estate loan programs with an excellent service oriented staff. Meriwest
Mortgage has helped thousands of consumers purchase homes. More information can be
found at www.meriwestmortgage.com.
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