Are you ready to buy your first home?  It's certainly an exciting, yet sometimes terrifying, time. It's one of the biggest decisions you can make, and the process can intimidating. But there are a number of things you can do to make the process more pleasant, and as the same time save money.

Here's a few tips for those who are just starting out on the journey of buying their first home.

  1. Start saving early.  You can put down as little as 3% on a loan, but that may mean you pay more for private mortgage insurance.  Keep in mind that even a small down payment can be hefty. Try this mortgage calculator to find out how much a down payment might be based on the price range of home you're looking for.
     
  2. How much can you afford? Of course you need to know what price range is within reach.  You can use a home affordability calculator to find out.
     
  3. Check your credit. Your credit score means a lot when getting a mortgage and how much you can borrow.  Make sure your credit record is clean of any problems or incorrect items that may affect it.

These are just a few tips to get you started.  If you're seriously thinking about buying your first home, please feel free to give us a call.  We'll be happy to help you start your journey to home-ownership.