FIRST-TIME HOMEBUYERS
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Speak with a Mortgage Specialist now:
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More space. A nicer environment. Being able to paint the walls any color you’d like. Those are just a few of the more obvious benefits of home ownership.
When you buy a home, you may also enjoy several financial benefits that could potentially help your financial situation for the rest of your life:
- Interest Deductions
You may be able to deduct the interest on your home loan, as well as the federal (and sometimes, state) real estate taxes you pay annually. Be sure to consult your tax advisor. Because of this tax advantage, it may actually be cheaper to own than rent. - Equity
If the value of your property increases as you pay down your mortgage, you build equity that can be used to finance other major purchases, or as a down payment on a future home. - Protection Against Inflation
Home ownership could help you counteract rising inflation. Although past performance cannot guarantee future trends, real estate has historically appreciated at a higher rate than inflation in most regions.
Prepare for home ownership with Wachovia
Buying a home requires more than just money for a down payment. You also have to be committed to taking control of your surroundings and your finances. Wachovia Mortgage works with you throughout the home-buying process to help make buying your first home as easy as possible. Together, we can help you understand how owning a home is more attainable—and understandable—than you may realize.
Start your home-buying journey online today
Convenient Closing
Close from your home or office.
Free Pre-Qualification
In a few minutes you can determine how much you can afford and print a pre-qualification letter from your computer.
Buying a Home
Read our guide to buying your first home, which covers everything from choosing neighborhoods to inspections.
Mortgage Calculators
Find out how much you can afford, how to choose a mortgage to fit your situation, and an estimate of what your monthly payment will be.
Rate and Fee Quotes
Specify the loan amount you want, and value of the home you want to buy, and view a selection of mortgage rates and programs, including a detailed breakdown of all closing costs.
Mortgage Comparison Chart
View and compare the benefits all of our available mortgage programs.
Online Application and Approval
Apply online for a Wachovia mortgage and depending on the product you choose, you could get a preapproval decision in minutes. Plus, when you apply online, we reduce your origination fee at closing—which could save you as much as $500 or more.1
Move Easy with Wachovia New!
Have a personal Real Estate Coordinator assist you through the entire
home-buying process and you could get cash back after closing.
Secure Your Rate
Should you lock your mortgage loan interest rate now? Learn more about options like rate locks and float downs so you can negotiate a mortgage loan that suits you.
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