There has never been, in recent years, a better time to consider buying your first house. Mortgage rates are low and housing inventory is abundant. Single family homes and condominiums in many price ranges, with many differing amenities are ready for your consideration. Prepare, so when the right property presents itself, you’ll be ready.
Here are some tips:
Talk to a real estate professional. They will be able to advise you on available properties, costs involved, mortgage, and credit repair if necessary. There is no charge to buyers for these services.
Organize your documents. You will need a pay stub, W-2 and bank statements to apply for a mortgage.
Get preapproved for a mortgage. This will let you know the home you can afford.
Play house. It’s good practice to bank the amount of money you will need each month to own a home.
Consider all costs. The mortgage is not the only cost to home-ownership. Consider that repairs, home improvement, insurance, utility bills and taxes will add to your monthly expense.
Here are some tips:
Talk to a real estate professional. They will be able to advise you on available properties, costs involved, mortgage, and credit repair if necessary. There is no charge to buyers for these services.
Organize your documents. You will need a pay stub, W-2 and bank statements to apply for a mortgage.
Get preapproved for a mortgage. This will let you know the home you can afford.
Play house. It’s good practice to bank the amount of money you will need each month to own a home.
Consider all costs. The mortgage is not the only cost to home-ownership. Consider that repairs, home improvement, insurance, utility bills and taxes will add to your monthly expense.
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