Financial Expert Provides Top Five Steps to Consider When Buying a Home for the First Time
Michael Copley – Executive Vice President of Retail Money-Out Products, TD Bank
Background:
It’s no surprise that millions of Americans plan to buy a home each year. And for most Americans, the process can be a daunting one. Owning a home requires a large investment of time, money and energy, so you should make your decision to buy a home carefully. TD Bank is looking to make the first-time home buying process a little less cumbersome. To compliment the bank’s hassle-free and easy to understand mortgage products, they have developed a comprehensive First Time Home Buyer kit to educate first time home buyers and guide them through every step on the path to making a house a home.
TD Bank developed the First Time Homebuyer Kit to create a rewarding home-buying experience. Available on the TD Bank website (www.tdbank.com/firsthome) as well as in stores, the kit is designed to take the customer through the process of purchasing a home, providing advice and information needed to choose the house and mortgage to best suit individual needs.
Some things to consider when buying your first home are:
Determine how much home you can afford: By looking at your income and current monthly debts, you can determine your ideal monthly
Buying home isn’t for everyone: Know the benefits of owning vs. renting before making any decisions. Also stop to think about what type of home you can afford and which style suits your lifestyle such as single-family homes, town houses or fixer-uppers.
Narrow the focus of your search: Many factors impact the ideal type of house for each buyer including desired features and benefits, life stage, and how many improvements you’re willing to make before moving in.
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More About Mike Copley:
Mike Copley leads Retail Money-Out Products at TD Bank. Mike has 30 years of banking experience. Prior to joining the bank in January 2005, he served as Senior Executive Vice President for MBNA America Bank, Inc., the world’s largest mono line credit card issuer for 11 years. Mike’s additional experience includes ten years at CitiCorp, in various senior level positions specific to the mortgage business. He began his banking career in Portsmouth, VA with Central Fidelity Banks’ Inc. as a management program trainee. Mike is the former Board Chairman for St. Mark’s high school in Wilmington, DE. He obtained his Bachelor of Science degree in Marketing in 1978 from The University of Richmond and the E. Claiborne School of Business.
