You found your prince charming and had the wedding of your dreams, now it’s time to find a cozy abode to call home, but with all you hear about the home buying market these days, is it smart to invest now?
We spoke with expert mortgage broker Kiran Karnad, owner of Funding One Mortgage Corporation, in Oakland, to find out what you should know about first time home buying. Kiran Karnad has been in the mortgage business for over 20 years. He spent the early part of his career working for mortgage companies in corporate America when he realized he had an intuition about mortgages. He ventured out to open his own mortgage business that would allow home buyers to feel taken care of. I got the opportunity to sit down and speak with him on a cool morning in the Bay Area, and from our meeting, I got the sense that Funding One has a family oriented approach to the way they do business. The following are tips on how to choose a mortgage broker, what you need to be approved for a loan, and advice on how to plan for your future home in today’s economic landscape.