“There’s security in bricks and mortar,” my Dad said to me when I was buying my first house, many years ago, and the phrase is still as true today. As was pointed out to me, if you rent forever the place is never your own, and the owner of the property continues to be paid, however the money on a mortgage will decline, and seem easier as the years go by, until your home is 100% your own.
The author of this excellent book has a wealth of experience in this field and offers a tremendous amount of unbiased advice to the reader.
Not only does he take you through the whole process, from the moment you decide you might like to own your own home, till completion and even afterwards, but he also looks at each step objectively with you in mind.
Whether you are unsure as to if your credit score is good enough, if there are tax benefits, how much money you would have to put down, if any, the answers are there.
Are you even sure you are ready to take this huge step?
Or are you not sure, do you want to know more?
Do you need qualification of what will be involved, and how it will affect your life in the future?
Look no further, all the answers lie within these pages.
If your current status is not as you wish, there are plenty of options, on all steps of the path to home ownership, which will help you steer round the obstacles, or at least know what you have to do to overcome them.
Can you save easily, or do you have difficulty in putting money aside for one reason or the other, well advice is offered on how to do this, and where to put the money you are saving.
Then finally, when you are ready the author takes you through the whole process. The attention to detail, each step of the way can help you decide what to do. The author explains to you the pros and cons of working with a Realtor, Mortgage Broker, Bank Loan Officer, and if you chose to do so, how to choose one.
Then he takes you through the search for your dream home, pointing out that location, an urban or rural setting for example, is the prime thing, after all as he says “you can remodel the house and pretty much change everything; but you can’t change the location.”
You may have fixed ideas, but even if this is so, it is worth reading the comparisons between different types of homes and also consider as he says, the things which you would like to have versus the things you must have. This is perhaps especially important if you are buying a property with your partner/spouse, as you may find you have different ideas, such as, your wife may want secretly to have another baby and so that extra room which you think of as a ‘like to have,’ may be a ‘must have,’ to her.
Once you have found your perfect home the author will help you through the mine field of purchasing it, in detail, from making the offer to closing the transaction, explaining what things such as appraisals, home Inspections, insurance, and warranties are, why you should or should not have them.
Until, finally you are set to move into in your new home, where he advises you who you must tell you are moving in.
Of course, once settled, you will have other things to think about, perhaps you may be considering changing the style of décor, or even paying off the mortgage sooner…
I found My First Home incredibly comprehensive, and anyone looking to buy their first home would find it priceless.
About the Author:
After starting his business in possibly the worst year for financial markets i.e. 2008, Shashank Shekhar has grown his company Arcus Lending by more than 1000 percent just in last 3 years by helping thousands of families secure better financing for their homes. This dramatic growth has been built on the pillars of legendary customer service and unrelenting focus on education. Shashank lives and breathes the mantra “We are in the customer service and education business, we just happen to do mortgages.” Amazon.com best-selling author and national speaker Shashank is widely regarded as “America’s Premier Mortgage Expert”. He is the host of TV and radio show – “Mortgage Matters” and author of widely acclaimed books – First Time Home Buying 101 and Real Estate Unleashed. Besides writing one of the top mortgage blogs in the country, Shashank also gets invited to blog on several of the top mortgage and real estate websites. He has been featured on Yahoo News, FOX, Washington Post, Bankrate.com, Huffington Post and several other media for his expertise. Shashank was interviewed by Emmy Award-winning director Nick Nanton on his TV show. His awards include: Top 40 Under 40 most influential mortgage professionals in the country for 2012, 2013 and 2014 by National Mortgage Professional Magazine Hot 100 movers and shakers in the country by Mortgage Professional America (MPA) for 2014, 2015, 2016 Top 200 loan officers in the country (ranked by production volume ) by Origination News – 2014, 2015, 2016 Top 25 most connected mortgage professionals in the country in 2011 and 2014 by National Mortgage Professional Magazine Scotsman Guide Top Originators – 2015, 2016 Inducted into the National Academy of Best Selling Authors in 2012 Nominated for Entrepreneur of the Year award at Silicon Valley Awards, 2013 He has an MBA in Marketing from one of the premier business schools. Before founding Arcus Lending, Shashank worked for GE Money in mid-level management and worked for a start-up mortgage origination company as Director of Product Management. He also sits on the board of Give India, a non-profit that works for fundraising for Indian charities.
About the Book: First time home buying is a special occasion in everyone’s life. But because of the complexities around it, most people approach it with a mix of fear, anxiety, and uncertainty. This book was written with the sole purpose of making the process easier and more predictable. The book has tried to demystify the entire process by avoiding the jargon as much as possible. The book first helps you in deciding whether you are ready to buy or not and then gives a step by step instruction on what you can expect along the process should you decide to buy. The book takes it a step further and even advises you on steps you can take to remain a happy home owner. The book has been designed with a lot of thought, keeping you the reader in mind. It’s broken down into 5 sections. Section 1 is titled “Getting Ready”. It helps with the preliminary work you need to do to even consider home buying. Section 2 provides all the information you need to find your first home and get your offer accepted. Section 3 teaches you about different financing and down payment options. Section 4 details the loan process and the blunders to avoid. Section 5 is all about life after home ownership. From decorating ideas to how to pay off your mortgage faster, you will find invaluable tips in this section to stay a happy homeowner for years to come. Authored by Shashank Shekhar, a mortgage industry veteran and one of the top Loan Officers in the country, the tips and tricks come directly from the trenches.
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