Shopping for a Loan for First-Time Home Buyer's:
Study your financial picture closely.
Learn the basics.
Shop for the best mortgage rate and loan terms.
Get pre-approved.
Look into programs that can save you cash.
Research homebuyer assistance programs.
Figure out the impact on your taxes.
Arrange financing for the home you want to buy.
Be creative with financing.
Most importantly.....protect yourself!
The Financial Steps to First-Time Home Buyer's:
Compare all the pros and cons of renting and buying.
Creat a home wish list.
Calculate a monthly morgage papyment you know you can afford and not squeeze by.
Calculate and create an estimated homeowner's expense plan.
Sign-up for a free credit report and see how you can improve your credit score.
Research multiple areas where you want to buy.
Make sure you have enough for a down payment and closing costs. Don't drain your bank account.
Start small and build bigger down the road.
Consider sharing ownership of a house by renting a room.
Educate yourself on the rights of a homebuyer and borrower.
House Shopping for First-Time Home Buyer's:
Research and choose your neighborhoods.
Select your top home types.
Choose a style of house.
Shop for a real estate agent for home tours and guidance.
Find what is available online.
Journalize all of your house-hunting and log them.
Approach floreclosures with caution unless you have knowledge of foreclosures. Consult an agent.
Narrow down all of your choices and go back through the homes.
Calculate each home's market value.
Make offers starting with your favorite.
Closing the Deal for First-Time Home Buyer's Guide:
Finalize the purchase and sale contract.
Choose your title company of choice and that will research the title and coordinate the closing.
Get the appraisal done.
Schedule a home inspection.
Start shopping for some homeowner's insurance quotes.
Consider getting the home warranty coverage.
Make your final walk through of the house.
Review and carefully read the closing documents.
Start learing and getting to know the HOA.
Plan the BIG move!
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