Upgrading to a New Home
Many homeowners reach a point when they need more space to fit their growing and changing lives. A larger home can provide you with room or amenities that your current home may not have, but it is wise to consider whether a new house is right for your budget.
Bigger houses usually mean bigger mortgage payments. While a larger payment carries more responsibility, it also means that you will receive a larger tax deduction for your home. First Preferred Mortgage Company can help you plan for your next home by using several tools to evaluate the costs and tax benefits of a larger house.
Even for experienced home owners, logical questions arise during the home buying experience.
- Is it as simple as shopping for the lowest rate?
- How much down is the right amount?
- Why would I ever pay Mortgage Insurance?
- Do I want an escrow account on my next mortgage?
Here’s how First Preferred Mortgage Company can answer all of your questions and help you upgrade to your next home:
Our Move Up Tax Analysis
With our Move up Tax Analysis, we can tell you exactly what the impact of your new home purchase will have come tax time. This is absolutely necessary when considering moving up into a new home – without it, you could be left with unwanted surprises. And, buyers can often purchase their dream home with less of an impact on their monthly budget than what they thought.
Let us evaluate and provide you with valuable insight. We’ll ensure you are armed with all of the information you need to feel absolutely confident in purchasing that next home.
Contact us now at 1-800-700-5839 get this analysis started today.
We’re Your Personal Mortgage Coach
After we analyze your situation and run all of the necessary numbers, we’re here to serve as your personal mortgage coach–and walk you through each viable option for your unique situation. Our experienced loan officers have the knowledge mixed with experience to provide you with the information and advice you need. Deciding what is right can be tricky. For example, buyers can often generate greater wealth by making a smaller down payment on a new home. It’s decisions and details like this that can leave buyers confused. We’re here to help.
Let First Preferred Mortgage Company show you how equity repositioning and other important financial decisions may benefit your long-term financial goals.
Market Analysis Of Your Current Home
When thinking about moving up, it is necessary to have a crystal clear picture of what your current home is worth. To help, First Preferred Mortgage Company offers a free complimentary market analysis of your current home.
We work with trusted, knowledgeable realtors in your area who understand your local market and what it will take to sell your home.
You can expect honesty and professionalism from our elite team of experts. Following your analysis, they’ll give you straight answers–and what you should expect during the selling process.
And, there is absolutely no obligation to use one of our realtor partners, it is our way of providing you with the information you need when determining the next steps for your future. Contact us now about moving up to your next home!
Our Home Loan Experts Are Here To Help
Call us at 1-800-700-5839 or email us at upgrading@firstpreferred.com
