[First Bank Webinar] Homebuyer Happy Hour March 2025

Event Details:

Date: Thursday, March 13, 2025
Time: 6:30 pm to 7:30 pm
Location: Zoom Webinar (link provided upon registration)

What to Expect:

Our First Bank mortgage experts will share information about understanding budgeting and credit to help you on your journey to homeownership. Topics covered include:

Budgeting basics: how to set your budget, unexpected expenses to look out for
Credit expectations: what mortgage lenders look for
Building credit: credit factors, tips to improve your credit score

Meet our First Bank Experts:

Jarrod Burcham | Mortgage Loan Originator | Greensboro, NC

Jarrod pledges professional service and personal attention while finding the right mortgage that fits your needs. Whether you are looking to purchase your first home, build your next, refinance your current home, buy an investment property or purchase a vacation rental, Jarrod will guide you through the home loan process.

Monica Moses | Community Mortgage Officer | Apex, NC

As Community Mortgage Officer, Monica serves as a liaison for the mortgage loan originators regarding community outreach in underserved markets. One of her focuses is educating potential homeowners by participating in homebuyer workshops in low to moderate income areas. Monica’s role allows First Bank to build connections with minority realtors and builders while enhancing the visibility of our organization.

Register for Homebuyer Happy Hour:

Our knowledgeable panel shared their experiences and provided actionable insights during our Homebuyer Happy Hour to help you make informed decisions about homebuying. We will be posting the Q&As from the session to view on our website soon so you won’t miss any valuable expert insights. Keep an eye on our website for updates, and feel free to reach out to one of our loan officers if you have any mortgage questions.

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[First Bank Webinar] Homebuyer Happy Hour March 2025 Event Details: Date: Thursday, March 13, 2025 Time: 6:30 pm to 7:30 pm Location: Zoom Webinar (link provided upon registration) What to Expect: Our First Bank mortgage experts will share information about understanding budgeting and credit to help you on your journey to homeownership. Topics covered include: Budgeting basics: how to set your budget, unexpected expenses to look out for Credit expectations: what mortgage lenders look for Building credit: credit factors, tips to improve your credit score Meet our First Bank Experts: Jarrod Burcham | Mortgage Loan Originator | Greensboro, NC Jarrod pledges professional service and personal attention while finding the right mortgage that fits your needs. Whether you are looking to purchase your first home, build your next, refinance your current home, buy an investment property or purchase a vacation rental, Jarrod will guide you through the home loan process. Monica Moses | Community Mortgage Officer | Apex, NC As Community Mortgage Officer, Monica serves as a liaison for the mortgage loan originators regarding community outreach in underserved markets. One of her focuses is educating potential homeowners by participating in homebuyer workshops in low to moderate income areas. Monica’s role allows First Bank to build connections with minority realtors and builders while enhancing the visibility of our organization. Register for Homebuyer Happy Hour: Our knowledgeable panel shared their experiences and provided actionable insights during our Homebuyer Happy Hour to help you make informed decisions about homebuying. We will be posting the Q&As from the session to view on our website soon so you won’t miss any valuable expert insights. Keep an eye on our website for updates, and feel free to reach out to one of our loan officers if you have any mortgage questions. 2 min read

First Time Buyer? For most of us, buying a home is the largest purchase we’ll ever make. If you are a first-time homebuyer, you may be asking questions like, “What is a first home mortgage?” What is a First Home Mortgage? A first home mortgage is a loan you will use to purchase your first home. These loans can come in a variety of forms, from conventional home loans to FHA loans for first-time homebuyers. First Bank offers the following mortgage loans* for first-time homebuyers: Conventional Loans Government loans Professional loans Construction loans Jumbo loans In addition to providing a selection of mortgage opportunities, First Bank also offers a wealth of information about what a first home mortgage is and what can be expected when shopping for your first home. Tips for Buying Your First Home Knowing what a first home mortgage is can go a long way toward easing the process of turning that key for the very first time. U.S. News and World Report highlighted some of the most common mistakes first-time home buyers make and how you can avoid them. Among them were: Searching for your dream home before being pre-qualified for a loan. The reality of what a first home mortgage is can be vastly different than what you were hoping for. Take the time to seek out a mortgage loan specialist at a place like First Bank so you can find out what you can afford and what your expected monthly expenses will be. Thinking short-term. First-time buyers are often so focused on moving in that they don’t ever consider moving out. Chances are, you’ll one day be ready to move into another home as you start a family or change jobs. Think about the factors that will affect how you’ll be able to sell your home in five years such as economic growth in the area or neighborhood expansion. Making an emotional decision. It’s important to sign a mortgage paper with your head and not with your heart. You may be overlooking some serious red flags such as expensive repairs, structural damage, or mold simply because you’re in love with the open layout. Find a First Bank Near You Ready to get started? Check out First Bank’s guide 3 min read

Is It Possible to Get a Mortgage Refinanced with No Closing Costs? When it comes to refinancing a mortgage, you need to spend money to save money. Closing costs can amount to thousands of dollars, depending on the home loan. This is why the prospect of a mortgage refinance with no closing costs is so attractive. But, is it real or a myth? Here’s the truth about zero-cost refinancing. What “No Closing Costs” Really Means When a mortgage refinance comes with no closing costs, consumers should be wary. That’s because there is actually no such thing as a cost-free mortgage refinance. It requires a variety of billable administrative research and work to complete: Credit report fee Appraisal Fees Settlement or Attorney Fees Title Fees Recording Fees Third party verification fees The homeowner can pay these costs at closing, or the costs can be integrated into an ongoing payment plan. When a mortgage refinance has “no closing costs,” the fine print may require higher interest rates to cover what you would normally pay at closing. Why You Pay for Closing Costs Closing costs are part of the home purchase process. Since a mortgage refinance loan is viewed as another type of home loan by lending institutions, refinance packages require the same closing procedure. Here are some of the most important closing costs: Lender’s and Owner’s Title Insurance—Protects you from any title issues and ensures you are the official homeowner. Appraisal—Confirms the value of your home and any equity gained since your initial mortgage. Survey—Identifies property lines, structural changes, and geologic features of your property. Insurance Reports—Conducted to determine if the home is in a flood zone, fire danger, etc. Loan Origination Fees—Paid for processing, lender research, and underwriting. Home Inspection—Determines if any aspects of your home are in need of repair. Settlement/Attorney Fees—One of the largest fees the borrower will pay. All of these costs are necessary components of the refinancing process. Without these services, refinancing would be extremely confusing, complicated, and time consuming. Closing Costs Can Be Regained While closing costs may seem like a high price at the time, you can regain your losses in a reasonable amount of time by locking in a great refinancing rate. First Bank can help you find the best refinancing rate for your mortgage*, so 3 min read

Am I Ready to Buy My First Home? Undoubtedly, one of the most significant financial milestones in life is the purchase of your first home. And there are many benefits to homeownership. 5 min read

[First Bank Webinar] Homebuyer Happy Hour March 2025

First Bank Mortgage Resources

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Event Details:

What to Expect:

Meet our First Bank Experts:

Register for Homebuyer Happy Hour:

Ready to talk to an expert?

You may be interested in...