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First Time Home Buyers
Welcome > For Buyers > First Time Homebuyers ...

Buying Your First Panama City, Fl. Home? Real Estate Agents Are Your Professional Guides. Make Sure You Choose A Number1Expert to represent you. Call Bill Today. 

Watch This Helpful Short Video About First Time Home Buying. 

You might be a bit afraid or intimidated by the whole process of buying your first home. As top Panama City, Lynn Haven and Panama City Beach real estate experts, it's our job to guide you, from beginning to end. 

We will take the time to go through each and every step of the buying process. There are no dumb questions! 

Together, we will consider: 

- How much can you really afford? 

- How to qualify for a mortgage. 

- How much cash you should put down. 

- How to buy a home with little or nothing down. 

- What it takes to get approved for financing. What banks and other financial institutions are looking for. 

- How much your payments will be. 

- The tax advantages of buying. 

- Is renting or buying better for you? 

Tell us a bit about your situation below. We'll get right back to you. There is absolutely no charge, and we offer this to you with no strings attached. 

New to the home buying process? Tell us your concerns. Ask us questions. It's our job to help! There's no obligation, and we promise to get back to you quickly... 

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Real Estate Tips
Financing Your Home >Assuming a Mortgage

You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.

Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.

Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.

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Real Estate Trivia
Q 
What is the average age range of a second-home buyer in the United States?

A 
Currently, second-home buyers in America are most often between 41 and 44 years of age.
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The Bill Fitzgerald Team, REALTOR®, real estate agent and broker for Panama City, Lynn Haven, Panama City Beach and Bay Co., Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

The Bill Fitzgerald Team
Keller Williams Success Realty

2110 West 23rd St, Suite A
Panama City, FL 32405
850-814-2814
Fax: 850-248-2814
BillFitzgerald@NUMBER1EXPERT.com

Bill Fitzgerald, after serving in the United States Air Force for 24 years, launched an exciting career in real estate and has over ten years of professional sales experience. As a highly trained Certified Residential Specialist (CRS) and after making many military moves himself, Bill understands completely the full range of emotions felt by buyers and sellers faced with one of the most challenging and complicated decisions of their lives…the purchase and sale of a home.

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