Monday, January 27, 2025 / by Mindy S Romero
The First Steps to Buying a Home: A Quick Guide
Buying a home is one of life’s most exciting milestones, but it can feel overwhelming if you’re unsure where to start. Whether you’re a first-time buyer or just need a refresher, here are the key first steps to set you on the path to homeownership.
1. Check Your Finances
Before diving into house hunting, take a close look at your financial situation. Check your credit score, calculate your savings for a down payment, and factor in closing costs (typically 2-5% of the home’s price). If you have debt, consider creating a plan to reduce it before applying for a mortgage.
2. Get Pre-Approved for a Mortgage
A pre-approval letter shows sellers you’re a serious buyer and gives you a clear idea of your budget. Shop around for lenders to find the best rates and loan terms for your needs. Remember, just because you’re approved for a certain amount doesn’t mean you should spend it all!
3. Make a Wish List
Think about your priorities: loc! ...
1. Check Your Finances
Before diving into house hunting, take a close look at your financial situation. Check your credit score, calculate your savings for a down payment, and factor in closing costs (typically 2-5% of the home’s price). If you have debt, consider creating a plan to reduce it before applying for a mortgage.
2. Get Pre-Approved for a Mortgage
A pre-approval letter shows sellers you’re a serious buyer and gives you a clear idea of your budget. Shop around for lenders to find the best rates and loan terms for your needs. Remember, just because you’re approved for a certain amount doesn’t mean you should spend it all!
3. Make a Wish List
Think about your priorities: loc! ...
