The Money-Saving Secrets of the Home Purchase

If you’re tired of throwing rent toward the landlord, you can keep some of that money by putting it toward the principle of your very own home mortgage. Why bother? Here are some of the money-saving secrets that homeowners can enjoy:

Locking in favorable terms with a fixed-rate mortgage. As of this writing, interest rates are at their historical rock-bottom. Receiving a fixed-rate mortgage lets you potentially lock in the most affordable terms we’ve seen.

Get pre-approved for a mortgage to do your research first.​ Ready to shop around? There’s no pressure. Get pre-approved for a mortgage and find out how much home you can afford—these are essential next steps that convince a home seller that you mean business.

Buy the home you can afford. When you know your total monthly liabilities, your income, and your credit rating, you can easily calculate just how much home you can afford. This will help ensure that you buy a house that remains a long-term blessing and not a strain on your budget.

The Stats: What You Need to Know Before You Buy a Home

​Homeownership is common. In fact, statistics from 2022 show that the homeownership rate was a staggeringly high 65.8%, which means the majority of people have gotten out of the rent cycle and into their own home.

You don’t need experience. First-time home buyers constitute one-third of all home buyers, which means that you don’t have to feel intimidating by the home buying process, even if it’s your first time. It’s far more common to be going through this process for the first time than you might imagine.

The average length of time is low. Have house fever? You’d be surprised how quickly things can move. The average length of time between someone visiting a potential home for purchase and the closing date was only 73 days, or two and a half months.

Are you interested in finding out if a home purchase makes sense for you? Are you ready to join the ranks of homeowners and lock in potentially low rates?

Within a competitive marketplace it’s hard to stand out but Mary Beth and her team were awesome. From providing great options after listening to situation, video walkthrough of those options made decision easy, the ease of online application process and ultimately the incredible financials - our attorney said it was the lowest she had seen! Highly recommended.

- Shaun M.

This was the second time I was involved with Mary Beth and her team at Revolution Mortgage. My mother had worked with them a couple months before. Mary Beth and her team were extremely responsive, diligent and knowledgeable about the process. The entire process proceeded as we had hoped and Mary Beth went the extra mile to ensure we got the best rate. I highly recommend her and Revolution Mortgage.

- Mattie B.

Working with Revolution Mortgage was great. Mary Beth was genuine, responsive and easy to work with. Highly recommended. Our process was quick and she kept us informed the entire time.

- Chris Deshazor

Mary Beth and her whole team were fantastic to work with on my refinancing. I couldn’t believe how smooth and quick everything was handled. I had immediate response to any questions and I was kept informed and guided through the whole process. Mary Beth and her team went above and beyond my expectations and I highly recommend them for any of your mortgage needs. Mary Beth Evers is the BEST!

- Libby McFeeture

Mary Beth was very accessible and would answer our questions immediately when we had them, helping us throughout the process. We got a great rate working with Mary Beth and the process was quick, easy, and thorough.

- George Gregson

Mary Beth was super responsive and answered all of our questions. She provided us with easy-to-understand information on what our mortgage would look like at different home price points so we could make informed decisions. When we were ready to make an offer, she wrote a customized pre-approval letter for that specific property on short notice. Her team was able to do all the work to for us to close quickly on our new house in this crazy 2021 housing market.

- Libby Karn

Mary Beth handled a difficult process with great skill and knowledge. Difficult and rare appraisal issues threatened to derail the deal and she guided the process to a successful ending despite the troubles. She succeeded where others failed. She has mastered her craft to a level very few others have. Caitlin's support was very timely and accurate, answering any questions promptly. This closing came down to the wire due to actions out of their control. They gave great guidance all the way which allowed it to close on the schedule we had set.

- Steve Hull

What You Need To Know About A Home Purchase

Why should I buy a home rather than rent?

Everyone’s situation is different. However, in the era of low interest rates, a new home purchase can make financial sense for a lot of people. Locking in these low interest rates can mean paying less for more square feet in some cases. That said, every person’s situation is different, and your motivations for buying a home (including the need for more space or privacy) may differ from other people.

How do I start the home buying process?

One of the best ways to show that you’re serious about buying a home is to get pre-approved for a mortgage. This will give you some leeway when it comes to making offers when you view homes. And in some cases, it’s viewed as a necessity when you go out shopping for homes. In many cases, the process is as simple as finding out what you can afford given your current income, levels of debt, and financial obligations. The good news: it’s a lot simpler than you think!

What kinds of financial commitments do I have to make?

There are a lot of options for financing when you make a home purchase, so don’t feel that you have to commit to any particular one at this point. You’ll find that it’s possible to make a 20% downpayment, for example, but there may be types of financing available that require far less—as low as 3%, depending on your situation.

Why is now a good time to buy a home?

While it’s true that rates are up from last year’s historic lows, there are still many reasons why now could be a great time to buy. For one, falling home prices mean that you can get more house for your money. In addition, there is less competition from other buyers, so you may have an easier time negotiating a lower price. Don’t let rising rates scare you off – there are still plenty of reasons to buy the home you’ve always wanted!

What is the next step?

Click through our buttons above to find out whether you qualify for great terms on a new home purchase!

START HERE.Find out what you qualify for in 1 minute. See if you’re eligible for your first home loan in 60 seconds or less!