Buying real estate is an important decision whether you’re buying your first or fifth home, or looking to invest. This is not just because of the expense, but also because of the long-term effect on your and your family’s lifestyle. Making the right decision can positively impact your family’s future and your pocketbook.
Our first goal is to help our clients stay on budget. Getting you the best deal means using our skills as negotiators and problem solvers to construct intelligent offers and counter offers. Providential’s agents have a thorough understanding of the housing market, both current and historic, which gives us an edge on the competition.
Our second goal is to make sure you are entirely happy with the house you purchase. We understand that different clients have different needs and preferences. Some may love a modern style, while others crave something traditional. Some need a high-end kitchen, while others are looking for a large backyard. We are patient and will stay with you until you find the perfect house for you.
Last but not least, we want to make sure all of our clients are making a wise investment. Everyone loves it when their property is appreciating in value, and many factors contribute to this. Location, location, location, city development, community, local economy, neighborhood, school district, etc, are all important. It is our job to help you understand all the factors that go into your new property’s value so you can feel confident about making a good investment.
We are committed to giving you the support you need at every stage of the buying process: searching, making offers, negotiating, escrow, mortgage, closing and everything in between.
According to statistics, 99% of US residential real property purchasers use a mortgage to buy properties. There are many types of mortgages available, and the best option for you depends on your financial situation and long term plans.
The biggest question borrowers usually face is between a fixed-rate or adjustable-rate. Fixed-rate mortgages have the same interest rate for the entire term of the loan, the advantage being that your monthly payment will stay the same, month after month and year after year. Fixed-rate home loans can be 10, 15, 20 or 30 years, the most popular being the 30-year because it offers the lowest monthly payment. Adjustable-rate mortgages (ARM) have an interest rate that will change from time to time. Typically, the rate on an ARM will change every year after an initial period of remaining fixed. These are referred to as "hybrid" ARMs. For instance, a 5/1 ARM has a fixed rate of interest for the first five years, after which it begins to adjust annually. There is usually a cap on the highest interest rate that can be charged.
In addition to considering a mortgage type, some buyers also have to consider mortgage insurance. If a buyer puts down less than 20% of the purchase price as a down payment, they are required to purchase mortgage. There are a lot of options to consider when choosing a mortgage: conventional loans vs. government-insured loans, jumbo loans vs. conforming loans, different loan providers (banks, credit unions, saving institutions, etc.). If you have any questions about mortgages, please feel free to contact us and we will help you in any way we can.
After moving into your newly purchased home, you’ll want to make sure you’re taking good care of it! Not only does regular maintenance keep your home functioning optimally, it preserves and can even add to the value of the house.
At Providential, we appreciate our clients’ trust in us and like to cultivate long-term relationships. We keep in contact regularly, reminding them of scheduled maintenance and any other issues. If our clients encounter any problems, we always do our best to provide solutions. Whether you want to renovate your kitchen or the entire house, landscape your backyard or repaint your exterior, repair the roof or replace some appliances, we can help you find the best solution and most trustworthy contractors.
We provide all of this and more, not only because of our knowledge and resources, but because we are committed to our clients’ satisfaction.