Top Ten Tips for First-Time Homebuyers

  1. Start saving as soon as possible, when buying a home you’ll possibly need a down payment, closing costs, and even any move-in expenses, such as turning on utilities along with other expenses.
  2. Decide how much home you can comfortably afford, your monthly house payment will include principal, interest and even insurance.
  3. Check and strengthen your credit, even paying off the smallest loan will help.
  4. Explore mortgage options and compare rates and fees, there’s many different types of mortgage options, so make sure you find the best option for you.
  5. First-time home buyers are eligible for assistance programs that can majorly help with your down payment.
  6. Get a Pre-approval letter, this helps with knowing exactly what home you can afford, helps you make a stronger offer and will lead to fewer surprises when it comes to finances.
  7. Make sure you choose your Real Estate Agent carefully, they will be there throughout the whole process so make sure they are trustworthy and that they completely understand the local housing market.
  8. Pick the right home for you, start by looking at a few different homes and find the one that best compliments you.
  9. Stick to your budget, if you stick to your budget you are far less likely to experience any head aches when it comes to securing you finances.
  10. Pay for a home inspection, having your future home inspected is one of the most important things to do when buying a home. This can prevent any issues concerning the structure and safeness of the home, the last thing you want to do after buying a home is have to pay to fix an existing issue.
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