Clarksville TN Realtor Ron Dayley

    Real Estate – Clarksville TN Homes for Sale

    New and Existing homes for sale in Clarksville TN.

     

     

     

Clarksville Realtor Ron Dayley - Your Trusted Realtor in Clarksville TNClarksville Realtor Ron Dayley - Your Trusted Realtor in Clarksville TN

Clarksville TN Realtor Ron Dayley - Experience the Difference Today

Ron Dayley, REALTOR – Real Broker LLC

844-591-7325 Office
931-249-6598 Cell
www.clarksvillehomesales.us
  • Menu
  • Home
  • Communities
    • Arbour Greene Clarksville TN
    • Autumn Creek Clarksville TN new homes for sale
    • Autumnwood Farms
    • Beech Grove Clarksville TN
    • Bentley Meadows Clarksville TN
    • Boyer Farms & Hartley Hills Clarksville TN
    • Camelot Hills subdivision
    • Cedar Springs
    • Charleston Oaks
    • Clear Springs Subdivision
    • Clover Glen
    • Copperstone subdivision Clarksville TN
    • Dunbar Bluff
    • Eagles Bluff Clarksville TN
    • Eastern Hills subdivision Clarksville TN
    • Eastland Green Clarksville TN
    • Ellington Gait subdivision Clarksville TN
    • Franklin Meadows Clarksville TN
    • Glenstone Village
    • Glenwood Clarksville TN
    • Greystone Subdivision
      • Graystone Clarksville TN | Executive homes for sale
    • Liberty Park Clarksville TN
    • Locust Run subdivision Clarksville TN – New homes for sale
    • Madison Summit Clarksville TN | Homes for sale
    • Morningstar subdivision
    • Page Estates | Near Rossview school complex
    • Phillips Estates
    • Reda Estates Subdivision Clarksville TN
    • Renfroe’s Landing
    • Reserve at Oakland
    • River Chase
    • Sango Commons Subdivision Clarksville TN | Homes for sale
    • Savannah Crossing Clarksville TN
    • Somerset subdivision Clarksville TN – new homes for sale
    • South Ridge Clarksville TN – Subdivsion and neighborhoods
    • Stonehenge Subdivision
    • Summerfield Clarksville TN
    • The Boulders
    • The Oaks
    • The Quarry
    • The Villages Clarksville TN – neighorhood homes for sale
    • Wellington Fields subdivision Clarksville TN – New homes for sale
    • West Creek Farms
    • Whitewood Farm Clarksville TN
    • Woodberry Homes for Sale in Clarksville TN | New Neighborhood in Sango
    • Woodland Hills Subdivision Clarksville TN – New Homes
  • Neighborhood Info
    • HOAs in Clarksville TN
    • Clarksville TN waterfront homes for sale | The Really Good Life
    • Condominiums and townhouses Clarksville TN | Luxury condos
    • East TN Homes for Sale
      • Gatlinburg Homes for Sale
      • Knoxville area Homes
      • Roane County TN Homes for Sale
      • Sevierville TN Homes for Sale
    • Erin TN homes for Sale | Houston & Dickson
    • Franklin Tennessee Real Estate | Homes for sale
    • Homes for sale Dover TN | New and Existing Home sales
      • Dover TN Waterfront homes for sale | Lakefront Properties
    • Maple Hills subdivision Ashland City TN homes for sale
    • Most Expensive homes in TN | Executive homes for sale
    • Pleasant View TN homes for sale | New and Existing Home Sales
      • Bradley Bend subdivision Pleasant View TN | New home sales
      • Oak Pointe Pleasant View | New Construction Homes for Sale
    • Goodlettsville Homes
    • Hendersonville TN
    • Homes for sale Portland TN and surrounding areas Real Estate
    • Southside TN homes for Sale | New Construction Clarksville
    • Savannah Crossing Clarksville TN
    • Springfield TN homes for sale | New and Existing Home Sales
    • Stonebrook Dickson TN
    • Sylvan Park Homes for Sale – Nashville TN
    • Woodlawn TN Homes for Sale under $100k | Clarksville TN
    • Weaverly and Camden Waterfront Properties
  • Featured Blogs
    • How Buyers Can Prepare For Today’s Hot Market
    • Benefits of selling your home in the winter | Cozy Homes for sale
    • Most Desirable Home Features in Clarksville TN | Luxury Homes
    • WHAT IS TITLE INSURANCE AND WHY IS IT IMPORTANT TO ME?
    • VA Loan Mistakes in Clarksville TN | VA Loan Killers
    • Selling Inherited Property in Clarksville TN | What is Probate?
    • Real Estate Investments in Clarksville TN
    • Learn about Clarksville Properties for Sale
    • Custom Home Builders in Clarksville TN – New Construction
    • FSBO near me Clarksville TN – For Sale By Owner
    • WEB Based REAL ESTATE Marketing & Social Media CLARKSVILLE TN
    • KY Lake waterfront property for sale | Lakefront lots
    • Middle TN Investment properties | Nashville and Clarksville TN
    • Selling your house due to divorce – Division or Property
    • Tennessee House Plans for Clarksville TN
    • Why are people from Illinois moving to Tennessee?
  • Real Estate Advice
    • Clarksville Market Report
    • Are you PCSing to Fort Campbell?
    • Buying Property in Clarksville TN | Buyers Guide
    • Help selling your home in Clarksville TN
    • Sango TN Homes for Sale 37043
    • List your home with me and get it SOLD!
    • Luxury and Custom Home Builders in Clarksville TN
    • What is an FHA 203k loan Clarksville TN?
  • Join REAL Broker LLC
  • Contact

8 Tips on Mortgages for First-Time Home Buyers

8 Tips for First-Time Home Buyers

If you’re in the marketplace for your first home, the procedure might look quite overwhelming, particularly getting your first mortgage be it a Conventional, FHA, or VA Loan. Though, the more you know about mortgages, the better prepared you’ll be.

8 tips for first-time home buyers

Below are 8 of the best tips that will help you get ready for the application procedure during a mortgage and can possibly save you money.

  1. Check your Credit and Stop all New Activities

When you choose to apply for a mortgage loan, your credit might be one of the main factors, and it would assist you in knowing your interest rate and maybe the loan conditions. So check your credit before you start the home-buying process. Disagree or avoid any errors that might drag down your credit score and look for prospects to enhance your credit, like making a dent in any unresolved debts. To keep your score from plummeting after you apply for a mortgage, stop opening any new credit accounts, like an auto loan or credit card, till your home loan closes.

  1. Evaluate How Much You Can Use

Lenders normally use two dissimilar debt ratios to regulate how much they can borrow. The small version is that your once-a-month housing payment comprising of insurance and taxes must be no more than 20% of your pre-tax income, and your entire debt with your loan payment must be no more than 26%. The ratio that gives the lesser payment is what the moneylender might use. Numerous lenders have more substantial qualification ratios, nonetheless, these are conventionally the most common.

  1. Don’t Overstretch the Use of Credit

If you have a credit card with some amount of limit, that doesn’t essentially mean that you must spend more than the amount on purchases with the card. Similar logic is true when it comes to taking loans. Just because you can be eligible for a certain mortgage amount does not mean that you have to sail through your budget. Assure that your new mortgage reimbursement not only fits your bank’s values but your financial plan as well.

  1. Research State and Local Assistance Programs

In addition to central programs, numerous states offer support programs for first-time home purchasers with bonuses like down payment help, closing cost support, bargain-basement interest rates, and tax credits. Your municipality or county might also have first-time home purchaser programs.

  1. Compare Mortgage Rates

Numerous home buyers get an amount quote from only one lender, however. According to the Consumer Financial Protection Bureau, associating mortgage rates from at least three lenders can save you more money on your loan. Get a minimum of three quotes and compare both rates and fees. Ask if any of the lenders will allow you to purchase discount points, which means you would require to prepay interest upfront to protect a lesser interest rate on your loan.

Mortgage lenders will inspect your credit reports when determining whether to accept a loan and the interest rate. If your credit report has errors, you may get quoted an interest rate that’s far more advanced than you could justify. That’s why ensure to make your credit report is precise and accurate.

  1. Get a Preapproval Letter

You can get pre-qualified for a loan that simply offers you an estimation of how much a lender might be willing to lend. This is founded on your debts and income. However, as you get close to finalizing a home, it’s ideal to get a pre-approval. The lender will thoroughly examine your finances and confirm in writing how much he is willing to lend you and the terms. Having a preapproval letter in hand makes you look much more serious to a seller and can give you an upper hand over buyers who haven’t taken this step.

  1. Budget for Mortgage Insurance (if essential)

If you apply less than 30% on the mortgage, you would perhaps have to pay private mortgage insurance and so make sure to budget for this while you are shopping. Mortgage insurance charges can differ meaningfully, depending on your credit, the duration of your mortgage, the amount of the down payment, and additional factors. However, it can enhance an important amount to your payment, so be assured to take it into consideration.

Your REALTOR will make a home purchase agreement which is a contract outlining the agreed-upon price and terms for the purchase of a home for other details.

  1. Stop the Use of Credit Till you Get the Keys in Hand

Not using the credit for anything between the time you’re sanctioned mortgage and when you really are close on the home, is the best practice. Lenders will normally pull your credit two times when you formally apply for it. If there are any important variations between the two, like a new account or a knowingly higher responsibility balance, it can lead to postponements and can even prohibit you from the mortgage.

Be safe just leave your credit alone till you’ve signed your last documents.

 

When you finally close on your home loan, you will have numerous different contracts and forms to check over and sign to make things authorized. One of these agreements is your mortgage agreement. The mortgage agreement is a compulsory contract needed for just about any basic home mortgage loan. You can use this agreement before finalizing a deal. This contract is your promise to pay the mortgage and stand by the loan’s standards and conditions.

 

Posted in: Uncategorized Tagged: 8 Tips for First-Time Home buyers, first time home buyers clarksville tn, tips for home buyers in clarksville tn

Post navigation

« What is the procedure for expanding your home in Clarksville TN?
Buying an investment property in Middle Tennessee »

Clarksville TN Real Estate Agency

  • Sango area Listings
  • Homes for sale with swimming pools
  • Ranch style houses
  • New Construction
  • Home builders in Clarksville TN  
  • Equestrian Properties
  • Houses for Rent in Clarksville
  • Lease Purchase
  • Homes for sale by School Districts
  • 5 Bedroom Homes
  • Clarksville Condos and Townhouses
  • Nashville Condos 
  • Sylvan Park Nashville
  • Clarksville Golf Course homes
  • Neighborhoods with Parks

Real Estate for sale in Clarksville TN,  A Tennessee Realtor with Passion and Purpose.

Subdivisions in Clarksville TN

  • Azalea Trace Clarksville TN
  • Beech Grove Clarksville TN
  • Boyer Farms & Hartley Hills Clarksville TN
  • Danford Subdivision Clarksville TN
  • Easthaven Subdivision Clarksville TN
  • Farmington Clarksville TN
  • Greystone Subdivision
  • Hereford Farm Clarksville TN
  • Hickory Wild Clarksville TN
  • Locust Run subdivision Clarksville TN
  • Luxury home builders Clarksville TN
  • Marquee Estates Clarksville
  • Morningstar subdivision
  • Phillips Estates
  • Reda Estates Subdivision Clarksville TN
  • Reserve at Sango Mills Clarksville TN
  • Sterlin Acre Farms
  • Savannah Lakes Clarksville
  • Stonehenge Clarksville TN
  • Stones Manor Clarksville TN
  • Wellington Fields subdivision Clarksville TN
  • Whitewood Farm Clarksville TN
  • Willowbrook Subdivision Clarksville TN
  • Woodford Estates Clarksville TN

Ron Dayley Realtor – Real Broker LLC

Clarksville, TN 37043
931-249-6598 cell
844-591-7325 office

Business Hours
Sunday         9:00 AM – 5:00 PM
Monday        9:00 AM – 6:00 PM
Tuesday       9:00 AM – 6:00 PM
Wednesday  9:00 AM – 6:00 PM
Thursday      9:00 AM – 6:00 PM
Friday            9:00 AM – 6:00 PM
Saturday       9:00 AM – 5:00 PM

Real Estate Agents in Clarksville TN

Land for sale near Clarksville TN

 

 

© 2023 · Equity Framework
Each Real Broker LLC office is independently owned and operated

Listings Sitemap · Log in