My Next Home
Life can bring many changes. When those changes involve moving to a new home – whether down the street or across the country – we can help you understand your financing options and find the one that makes the most sense for you.
New Questions for a New Home
Some of what you learned when you bought your current home still applies, but the mortgage process has likely changed since your last home purchase – even if it was only five to ten years ago. And there are new questions to consider this time around, including:
How much are you likely to receive for your current home? If you still have your first mortgage, what happens if you need to pay a second? Will you need to invest in fixing up your current home before selling it? What’s involved with selling and buying a home at the same time? What are your financing options for your new home?What Are You Looking For?
Are you looking to downsize or upgrade your space?
Are you looking for something similar, but in a different location? Is the market in your new area similar to the one you’re currently in?PHH Mortgage now also offers, in connection with Fannie Mae and Freddie Mac, a $2,500 credit to potential homebuyers earning 50% or less of the area median income (AMI). Qualified applicants can apply the credit towards their down payment and/or closing costs, while also taking advantage of down payment options as low as 3% of the purchase price. Learn more about FNMA HomeReady and FHLMC HomePossible
