A Guide for a First Time Home Buyer

A Guide for a First Time Home Buyer

Posted On: June 21, 2017 by Northeast Iowa Regional Board of Realtors in:

You’re shopping the listings, crunching the numbers and planning the next family holiday at your house! That’s right, you’re going to be a first time home buyer! While a seemingly intimidating task, buying a home for the first time is an exciting process and with the right help a smooth one. Here are four steps to set you up for home buying success. Understand your Financial Situation – Setting a realistic budget will help you narrow down what homes you should be looking at. Look at what you’re spending budget is now and crunch the numbers for your mortgage payments. Don’t forget about the down payment and closing costs either! Get Preapproved for a Mortgage - Being preapproved for a mortgage will really tell you what amount you can afford to spend on a home. Being preapproved means a mortgage lender has checked your credit and verified your income and assets. This can even put you above if a seller is looking for a quick and easy sell. Find...