--- title: "ON KNWA: FIRST TIME HOMEBUYER OPPORTUNITY" description: Thinking about buying your first home? Now may be the best time to invest in your dream home. image: https://blog.blrmortgage.com/hubfs/KNWA%20March%20Pic-1.png --- ![blrm_logo-166x45.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blrm_logo-166x45.png?width=166&name=blrm_logo-166x45.png "blrm_logo-166x45.png") ![logo-rock-mortgage.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/logo-rock-mortgage.png?width=180&name=logo-rock-mortgage.png "logo-rock-mortgage.png") ![blog-bg.jpg](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blog-bg.jpg?width=1600&name=blog-bg.jpg "blog-bg.jpg") # NEWS # ON KNWA: FIRST TIME HOMEBUYER OPPORTUNITY Posted by [Blake Montgomery](https://blog.blrmortgage.com/mortgage-newblog/author/blake-montgomery) on Mar 17, 2020 12:59:15 PM ![Blake Montgomery](https://app.hubspot.com/settings/avatar/0d0a314baa0a411b65de2e97005b52d9) - [Tweet](https://twitter.com/share)   Watch Robert, Jason and Jaclyn to learn more                   From the March KNWA interview with Robert Brown, Jason Suel and Jaclyn House No Headphones.  No Problem.  See below for transcript. Thinking about buying your first home will now may be the best time to invest in that dream home mortgage rates are at historic lows right now and understanding all of your options is crucial by acting fast during this time so joining us via phone to go over the top four things to consider when purchasing your first home we've got Robert Brown with rock Morgan joining us yes thanks for being here Robert hi Robert thank you for having me now what's the most important factor for first-time homebuyers to consider well the the most important factor is is what are your needs you know there's a lot of different loan products out there and it's just mainly what do you need what are the barriers to entry and how to plan for the process that that's something that I can help with okay now what about folks that have a lower credit score what are some o options available for them we've got you know different products that are out there some of the things that we can work on is trying to get that score up you know just just because you have a lower score doesn't necessarily mean that now is the right time but there are some products out there for people who have a lower credit score and and you kind of have to define what what's lower you know so there are products those FHA products that we can work with for people like that sure now first-time homebuyers who may not be familiar with a lot of the terminology may be hearing about being pre-qualified what does that mean pre-qualified means that we're going to have a phone interview you're going to apply I'm going to check your credit we're going to take a look at that and talk through that we're going to just go over what's going on with you your current economic condition your job I'm just basically and I'm going to ask a bunch of questions but we're going to get get to the bottom of kind of where you're wanting your payment to be so that we can overlay different loan products with your specific situation we like to tailor the loan to what the what the individual needs at the time perfect so you mentioned interest rates how does that affect someone when they're trying to purchase a home sure it affects the payment obviously you know interest rates are super low they were they were the lowest I've ever seen two weeks ago they ticked up this past week and now with the government's injection of capital in the system there started coming down from Friday to Monday and I have a funny feeling they're gonna they're gonna really bottom out now might be a wonderful time to buy a home or refinance a home everything going on what about closing costs should people be concerned about closing costs and maybe a number that they should be thinking about when it comes to for some homebuyers you know closing cost is going to be very much subject to the price point of the house and the loan type that we do you know a lot of times we can get the seller to pay closing cost that is an option if you're looking at closed there's there's some loan types out there that actually can provide some assistance with the closing cost but I mean just a like a throw out a number I mean I would say forty five hundred or so would be inadequate and sometimes it's thirty eight hundred sometimes it's fifty five hundred it just kind of depends on the loan size sure good to know that ballpark no thanks for using that yeah absolutely and if homebuyers want some more information especially for first-time homebuyers Robert how can they contact you they can contact us at www.fortuigence.com bank statements if you're doing a refinance your existing mortgage most importantly on a refinance I'd like to know when your insurance is due next and you know just to pace normal stuff tax returns w-2s things of that nature initially in the first interview maybe more interested in just a pay stub and on a refinance of when your insurances do okay great thank you so much for sharing with us taking the time today absolutely you're very welcome and we'll make sure we have this information for you guys especially for those first-time buyers out there horn our website their day in deborah a.com come Topics: [first-time home buyer](https://blog.blrmortgage.com/mortgage-newblog/topic/first-time-home-buyer) [On Time Closing](https://blog.blrmortgage.com/mortgage-newblog/topic/on-time-closing) [Low Down Payment](https://blog.blrmortgage.com/mortgage-newblog/topic/low-down-payment) [Mortgage Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/mortgage-loans) [USDA Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/usda-loans) ### Subscribe to Email ### Recent Posts ### Posts by Topic - 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