3 steps for buying your first home!

Many people dream of buying their first home, but don’t know where to start. Most find beginning their home buying process incredibly overwhelming due to their lack of knowledge, however by following these 3 steps you will be on track to buying your first home!

Talk with a mortgage lender

Talking with a trusted mortgage lender will assist you in figuring out what is realistic for your current financial situation. By speaking with a loan officer you should be evaluate what loan type, amount, and programs that you may qualify for. Your mortgage lender should make sure that you understand every aspect of obtaining a mortgage, to ensure that you are not blindsided by any unknown costs.

Budget

When thinking about beginning your home buying process you want to take into consideration budgeting and building a financial plan. A few of the upcoming costs in buying your first home will include: deposits, home inspections, closing costs, attorney fees, etc. In addition to these fees you will also want to a “cushion" for any unexpected costs.

Find an attorney

One of the most important aspects of buying a home is hiring a quality attorney. By hiring an attorney all of your legal paperwork will be taken care of. In conjunction to your Realtor, your attorney will be your advocate during your real estate transaction and be there by your side every step of the way.