first time home buyer

5 Things To Do if You’re a First Time Home Buyer

Save, Save, Save

As a first time home buyer, your first step is to SAVE as much as you can. If you have 3 to 5 months’ worth of mortgage payments set aside, it will make you a much better loan candidate. You also need to save for the down payment and closing costs. These are the payments you will need up front to buy the house along with various fees.



Make sure you budget so you can afford a house. Cut out the extra spending and save it for the house of your dreams. The more you save the more you get in a house. The budget will help you decide what you can look for in a house.


Keep Up on Your Credit

You want to constantly look at your credit and make sure it is all lined up for a loan. The higher your credit score the better your chances for a loan and the better terms you will receive. Your credit could make or break your ability to buy a house.


Look at Houses Within Your Budget

Make sure when you’re looking at houses that you look at two things: want, and affordability. You can make it easier on yourself by making a list of things you want and don’t want in a house. These wishlist items can drive up the cost, so make sure to reference your budget each time.


Meet With a Mortgage Consultant

Make sure you set up a meeting with Shane Burris. He will take a look at your financial situation, and give you the advice you’ll need to get situated; having the best chance of getting pre-approved for the house of your dreams.


Being a first time home buyer can be nerve-wracking, but the reward is worth it! Let us help you get started on the path to home ownership.



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