ST. CLAIR SHORES, MI, August 7, 2024 – Buying a home is one of the most significant financial decisions you'll ever make. It’s an exciting journey, but it can also be filled with uncertainties and challenges. At First State Bank, we understand the complexities of this process and are here to help guide you every step of the way. Whether you're a first-time homebuyer or looking to upgrade, following these do’s and don’ts can help ensure a smooth and successful home-buying experience.
Before you start house hunting, get pre-qualified for a mortgage. This shows sellers that you're a serious buyer and helps you understand how much home you can afford. Additionally, make a list of must-haves and nice-to-haves for your new home. This will help you stay focused and make decisions more efficiently when viewing properties. A qualified real estate agent can provide key insights, negotiate on your behalf, and help you navigate the complex paperwork involved in buying a home. Choose an agent who is familiar with the area you're interested in and has a good track record.
“It’s an exciting milestone, but buying a home requires careful planning and consideration. By following these do’s and don’ts, you can make informed decisions and avoid common pitfalls. At First State Bank, we're here to support you with expert advice, tailored mortgage solutions, and exceptional customer service,” says Chief Marketing Officer and Senior Vice President Amy Persyn.
It’s easy to get carried away when you find your dream home, but it's crucial to stick to your budget. Consider all the costs associated with buying a home, including closing costs, property taxes, insurance, and maintenance expenses. Spend time exploring the neighborhood where you plan to buy. Check out local amenities, crime rates, school districts, and community vibe. A great house in a not-so-great neighborhood may not be the best investment.
Different lenders offer different mortgage rates and terms. Don’t settle for the first offer you receive. Shop around and compare rates from multiple lenders to ensure you're getting the best deal. First State Bank offers competitive rates and personalized service to meet your needs. Avoiding significant financial changes or large purchases before your home closes is also important to consider, because lenders will recheck your credit before finalizing the loan, and any major changes can jeopardize your mortgage approval.
Deciding to buy a home is a big commitment, so take your time to make the right decision. Rushing can lead to overlooking important details and making costly mistakes. Be patient and thorough in your search.
First State Bank is headquartered in St. Clair Shores, Michigan. With over 100 years of service and $980 million in assets, First State Bank serves Macomb County with 12 branch offices located in Chesterfield Township, Clinton Township, Eastpointe, Macomb Township, Richmond, Rochester, St. Clair Shores, Sterling Heights, Washington Township, and a Loan Center in Clinton Township. For more information, please visit www.fsb.bank or call 866-372-1275.
For Immediate Release
Company / Media Contacts:
Amy Persyn, Chief Marketing Officer, Senior Vice President
apersyn@fsb.bank
www.fsb.bank