First Time Home Buyer

Buying your first home is an exciting experience. I am an expert at making you an educated buyer before you even begin the home shopping process.

Following is a list of six top things you can research and do before heading out to buy your first home:

1. How’s your credit? Many first-time homebuyers are unaware of their credit rating. You can find out about your credit score through a mortgage professional or lender, or you can also obtain your score online on websites such as

2. Mortgage calculators. The calculator to the right of your screen will help you determine how much you can afford to spend on a home based on monthly mortgage payment amounts. Your current income and debts, among other things, are taken into consideration during this process.

3. Obtain a pre-approval. Your mortgage broker or bank/credit union can help you obtain a pre-approval so you know exactly what you can afford to spend on a home. It is always a good idea to get a quote from your bank/credit union as well as a mortgage broker. You would be surprised at the difference in rates and perks between the two sometimes.

4. Determine your down payment. Homebuyers today can make a purchase for as little as little as just a few percent down.

5. Consider closing costs. Closing costs must be taken into account when making a home purchase. These are costs above and beyond your down payment and monthly mortgage payments, and include such things as legal fees, property tax and utility adjustment costs.

6. Call Me. Now that you have a better idea of what you can afford, as well as what you’re comfortable spending the fun part can begin. We’ll sit down and determine exactly what you’re looking for. We will also go over any other questions and concerns you may have regarding the purchase process.

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