TIPS FOR FIRST TIME HOMEBUYERS
Being a first-time home buyer can be both exciting and nerve-racking. Often it can seem overwhelming and you may not know the best place to start. We’ve listed some things to do before and during your home search, to help you along in the right direction. 1. Know your budget – It is important to know what you can afford, so you can rule out homes that are outside of your budget. How much money does your household take in collectively? Make sure that you factor out ALL your expenses: car payments, bills, food, etc. You want to make sure that your monthly note is not going to be outside of your means. 2. Save for a down payment – Whether going through the traditional route and getting a loan through a lender, or buying a home through seller financing; you are going to need to have saved up a down payment. How much you have for the down payment can...