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Category: First Time Home Buyer

Unlock Your Path to Homeownership with KeySteps — Powered by Northeast Financial

Whether you’re just starting to think about buying your first home or you’re a current homeowner planning your next move, KeySteps by Northeast Financial is the one tool you absolutely need in your pocket. This free, all-in-one digital platform gives you everything you need to prepare, plan, and succeed—no matter where you are in your…
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Win the Home and Make It Yours: Renovate After You Close with Our Renovation HELOC

In today’s ultra-competitive housing market, winning the bid on a home often comes down to speed and flexibility. Sellers want clean, quick closes. That usually means buyers can’t use traditional renovation loans — too much red tape, too many delays. But what if you didn’t have to choose between closing fast and buying the home…
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Spring Cleaning for Your Finances: How to Get Mortgage-Ready in 30 Days

Spring is a time for renewal, a fresh start. While you’re decluttering your home and tending to your garden, why not give your finances a spring cleaning too? With the busy summer real estate market just around the corner, now is the perfect time to get mortgage-ready. At Northeast Financial, we’re here to guide you…
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The Hidden Costs of Waiting: Why Buyers Should Act This Spring

Spring is one of the best times to buy a home, but many potential buyers hesitate, thinking that waiting a few months—or even another year—will save them money. While this seems logical, the reality is that delaying a home purchase can actually cost buyers thousands in the long run. Between rising interest rates, increasing home…
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Unlock Your Dream Home in Florida with HomeReady® First

Are you a first-time homebuyer in the Miami-Fort Lauderdale-West Palm Beach, Tampa-St. Petersburg-Clearwater, or Orlando-Kissimmee-Sanford areas? Northeast Financial is excited to introduce HomeReady® First, a program designed to make homeownership more accessible and affordable for residents in these vibrant Florida markets. What is HomeReady® First? HomeReady® First is a Fannie Mae initiative aimed at lowering…
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Understanding FHA Appraisal Concerns

The Federal Housing Administration (FHA) loan program has empowered countless first-time homebuyers to achieve their dreams of homeownership. While the program offers more lenient requirements compared to Conventional loans, all properties financed through an FHA loan must meet specific Minimum Property Standards (MPS). Being aware of potential FHA appraisal concerns can help you anticipate challenges…
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How Much Home Can I Afford?

For first-time homebuyers, one of the most pressing questions is: How much home can I afford? Determining your budget involves evaluating key factors such as your income, debt, and down payment savings. Understanding these components can help you confidently navigate the home-buying process and find a property that fits both your needs and financial goals.…
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Preparing Buyers for Spring: How to Navigate Low Inventory Markets

As the spring housing market approaches, buyers and real estate professionals alike are gearing up for one of the busiest times of the year. However, with housing inventory still tight in many areas, competition among buyers remains fierce. At Northeast Financial, we’re here to help you and your clients navigate these challenges and succeed in…
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Preparing for a Mortgage Pre-Approval in the New Year: Your Step-by-Step Guide

As the new year approaches, many people set goals for homeownership. A mortgage pre-approval is the first crucial step toward making that dream a reality. It shows sellers you’re a serious buyer and gives you a clear budget for your house hunt. Preparing ahead can make the process faster and easier, so here’s a step-by-step…
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Top Mortgage Myths to Leave Behind in 2024: Facts Every Buyer Should Know

Entering the homebuying process is exciting, but it can also be confusing, especially with so many misconceptions about mortgages. Understanding the realities behind common myths can help you make informed decisions and approach your mortgage journey with confidence. Here are some of the most persistent mortgage myths to leave behind in 2024. Myth 1: “You…
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