First time buyer

Blondie76 · 11-14-2003, 07:27 AM

Since I'm a first time home buyer I was wondering if anyone could give me some information on programs for first time buyers. Any advice you could give would also be greatly appreciated.

Christy · 11-14-2003, 08:38 AM

I would recommend using North American Mortgage up in Waldorf. They really hooked us up and gave loads of different options.

I've heard disaster stories when it comes to "closing", but ours went off without a hitch. I've had other friends use them and have had the same experience.

Also, get pre-qualified before even looking.

Blondie76 · 11-14-2003, 08:41 AM

I'm going through another mortgage company that my mom and grandparents used. I just got the papers yesterday to fill out so I will be doing that this weekend. I'm a little nervous about the whole thing.

Ponytail · 11-14-2003, 08:54 AM

I bought my first house about 6 months ago. I used CountryWide Home Loans in Lusby. The dude invited me back to his house on a Saturday to go over the paperwork with me and go over the various loans available. He was VERY patient with me...I had ALOT of questions. And I was very happy and never felt pressured or like I was screwed at any time.

Look into the 80-20 "paperless" loan. That's what I did. VERY easy, and you save BIG $$$ especially if you are looking at the possibility of having to get either a VA loan, or an FHA.

Ray Gagner
Countrywide Home Loans
301-645-2187

HTH

And good luck with it. It's an experience.

After you choose a Mortgage company, it's time to find a realtor.
I really liked my realtor as well. Let me know if you want his info too.

Blondie76 · 11-14-2003, 09:11 AM

Thanks Christy and PT.

PT - The guy I'm using for the loan seems pretty nice and my mom and grandma never complained so I think I will be ok there. My friend got her real estate license not too long ago so she is helping me out (I think I'm her first client).

I've never heard of an 80-20 paperless loan. I'm gonna look into every option possible.

ceo_pte · 11-14-2003, 09:28 AM

We used them as our realtor and their in house mortgage company. I am pretty sure it's a division of First National Mortgage. It was great. Our closing was like 20 days from the time we ratified the contract. Which is pretty fast, but they had all the proper documentation. I was a little worried about the closing costs being jacked-up at the table, but I actually got like $800 back at closing. The mortgage company used Foote Title in Waldorf, which was the only drawback. They processed all the paperwork very well and it was quick, but we had to wait like 1 1/2 hours. They were running late and it's kind of irritating when you are paying them for their services. But that's about it. I have the contact information if you would like to call them for a rate quote. They beat everyone else that I was talking to.

Christy · 11-14-2003, 09:41 AM

Where are you looking to buy Blondie?

huntr1 · 11-14-2003, 09:42 AM

Whatever you do, DO NOT USE CHAPMAN, BOWLING & SCOTT for ANYTHING!!!!!!! They handled our settlement when we bought March of '02. They were so bad, that their incompetence almost screwed up my refinancing this past summer!

Blondie76 · 11-14-2003, 09:46 AM

Quote:

Originally posted by Christy
Where are you looking to buy Blondie?

I want to stay in the Waldorf/LaPlata area.

Blondie76 · 11-14-2003, 09:46 AM

I'm going through First Horizon.

11-14-2003, 07:27 AM	#1 (permalink)
Blondie76 Registered User Member Since: May 2003 Posts: 1,083	First time buyer Since I'm a first time home buyer I was wondering if anyone could give me some information on programs for first time buyers. Any advice you could give would also be greatly appreciated.
	[ Reply w/Quote ]

11-14-2003, 08:38 AM	#2 (permalink)
Christy Resistance is Futile Member Since: Feb 2001 Location: The Collective Posts: 18,510	I would recommend using North American Mortgage up in Waldorf. They really hooked us up and gave loads of different options. I've heard disaster stories when it comes to "closing", but ours went off without a hitch. I've had other friends use them and have had the same experience. Also, get pre-qualified before even looking. __________________ Darling, if you want to talk bollocks and discover the meaning of life, you're better off downing a bottle of whiskey. At least that way, you're unconscious by the time you start to take yourself seriously. ......Patsy Stone ABFAB Goddess It isn't difficult to make a mountain out of a molehill, just add a little dirt.
	[ Reply w/Quote ]

11-14-2003, 08:41 AM	#3 (permalink)
Blondie76 Registered User Member Since: May 2003 Posts: 1,083	I'm going through another mortgage company that my mom and grandparents used. I just got the papers yesterday to fill out so I will be doing that this weekend. I'm a little nervous about the whole thing.
	[ Reply w/Quote ]

11-14-2003, 08:54 AM	#4 (permalink)
Ponytail In the homeland. Member Since: Mar 2003 Location: Philly 'burbs Posts: 10,834	I bought my first house about 6 months ago. I used CountryWide Home Loans in Lusby. The dude invited me back to his house on a Saturday to go over the paperwork with me and go over the various loans available. He was VERY patient with me...I had ALOT of questions. And I was very happy and never felt pressured or like I was screwed at any time. Look into the 80-20 "paperless" loan. That's what I did. VERY easy, and you save BIG $$$ especially if you are looking at the possibility of having to get either a VA loan, or an FHA. Ray Gagner Countrywide Home Loans 301-645-2187 HTH And good luck with it. It's an experience. After you choose a Mortgage company, it's time to find a realtor. I really liked my realtor as well. Let me know if you want his info too. __________________ Canine Cancer Awareness Organization Encourage term limits on Minority Representatives and Speakers :yay:] On going to war over religion: "You're basically killing each other to see who's got the better imaginary friend." -- Rich Jeni
	[ Reply w/Quote ]

11-14-2003, 09:11 AM	#5 (permalink)
Blondie76 Registered User Member Since: May 2003 Posts: 1,083	Thanks Christy and PT. PT - The guy I'm using for the loan seems pretty nice and my mom and grandma never complained so I think I will be ok there. My friend got her real estate license not too long ago so she is helping me out (I think I'm her first client). I've never heard of an 80-20 paperless loan. I'm gonna look into every option possible.
	[ Reply w/Quote ]


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11-14-2003, 09:28 AM	#6 (permalink)
ceo_pte I Need a Life Member Since: Oct 2003 Location: Waldorf Posts: 2,114	We used DeHannas We used them as our realtor and their in house mortgage company. I am pretty sure it's a division of First National Mortgage. It was great. Our closing was like 20 days from the time we ratified the contract. Which is pretty fast, but they had all the proper documentation. I was a little worried about the closing costs being jacked-up at the table, but I actually got like $800 back at closing. The mortgage company used Foote Title in Waldorf, which was the only drawback. They processed all the paperwork very well and it was quick, but we had to wait like 1 1/2 hours. They were running late and it's kind of irritating when you are paying them for their services. But that's about it. I have the contact information if you would like to call them for a rate quote. They beat everyone else that I was talking to.
	[ Reply w/Quote ]

11-14-2003, 09:41 AM	#7 (permalink)
Christy Resistance is Futile Member Since: Feb 2001 Location: The Collective Posts: 18,510	Where are you looking to buy Blondie? __________________ Darling, if you want to talk bollocks and discover the meaning of life, you're better off downing a bottle of whiskey. At least that way, you're unconscious by the time you start to take yourself seriously. ......Patsy Stone ABFAB Goddess It isn't difficult to make a mountain out of a molehill, just add a little dirt.
	[ Reply w/Quote ]

11-14-2003, 09:46 AM	#10 (permalink)
Blondie76 Registered User Member Since: May 2003 Posts: 1,083	I'm going through First Horizon.
	[ Reply w/Quote ]

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