Let Us Help You Buy Your New Home!
Purchasing a home is a very exciting time, and being well
prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage
process. Below and throughout this site you will find
information that will help you with the purchase of your new home.
Am I ready to buy?
Buying a home offers many advantages, one of the most
significant being that it allows you to build equity (ownership)
when you pay your mortgage each month. A common myth is that
monthly mortgage payments are more expensive than rent. But,
in many cases, mortgage payments can be even less than rent.
When considering home ownership for the first time, you need
to decide whether buying makes financial and practical sense
for you right now or if you are better off renting. Consider
both the advantages and disadvantages to renting as well as
buying, and weigh the pros and cons for your situation.
How much house can I afford?
The first step toward finding the right home is to
quickly compute your purchasing power and determine how
much you can afford to pay each month. This saves you
time by allowing you to focus on homes in your price range.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of
the cost of the house. The more you can put down, the
greater equity you will have in your home and the lower
your monthly payment will be. For down payments less than
20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
Free Rate Quote!
Get free rate quote and closing cost analysis. Use our 3 Step form to get started!
Our Happy Clients
"Paul helped us close on a house this past fall and he was a pleasure to work with. I shopped around between multiple brokers and two banks. Paul was the most competitive price-wise and was extremely responsive and organized. The seller was pushing for an accelerated closing due to personal reasons and Paul made sure we got everything together and in place to close on time."
"I worked with Paul Cook at Post Creek Mortgage to purchase my home in March 2013. Paul's rates were very competitive and his responsiveness could not be beat. He did a great job explaining the process and answering all of my questions. He was always willing to come to me when needing signatures during the underwriting process. When closing got tricky, Paul kept a level head and moved the process along at a steady pace. I would highly recommend him for all of your home buying and refi needs!"
"Paul Cook provides much more than mortgage services. He is able to take the time and provide a consultative approach in walking you thru your options of a mortgage. He takes the time to understand your specific needs and qualifications to make sure you feel good about what he recommends. In a day when large companies often loose focus on the service aspect of business, Paul goes above and beyond to make sure you recognize this key difference he provides thru his company."