Buying your first home can be an overwhelming experience, but the experienced loan originators at First Interstate Bank will be there to guide you throughout the entire process.
The decision whether or not to purchase a home is a significant one. Only you can determine if it's the right decision for you. We recommend considering-among many other things-your current finances and what you can afford, the benefits that come along with homeownership, and the expenses homeowners incur.
Your loan originator is your ultimate source of information as you decide whether buying a home is right for you. He or she will walk you through the process, the requirements, and the responsibilities.
Homeowners can claim tax deductions for the interest paid on the mortgage according to income tax laws. Consult your tax advisor for more information.
While this is not an exhaustive list of expenses a homeowner will incur, it's important to consider what is expected of you. Homeowners are responsible for paying property taxes, upkeep for the home (both expected and unexpected), utility bills, and so on. And that's on top of making your monthly mortgage payment (although in many cases, your property taxes will be incorporated into your monthly mortgage payment-ask your loan originator for more details).
Loans are subject to credit approval. Some restrictions and loan fees may apply.
We know the home loan process can be a complicated affair. Our Mortgage Resources are designed to help explain the most common concepts and questions.
Don't be overwhelmed by the many types of loans out there
Interest rates can change on a daily basis
Let the experienced team at First Interstate Bank guide you through the process
Closing on your home is the last step in the purchasing process