These steps can help minimize stress as you buy your first home.
Ready to take control of the roof over your head and become a homeowner? You know that buying your first house is one of the biggest moves you’ll ever make in your life, and you might be feeling a little daunted. That’s okay! Use these steps to get ready to buy your first home and you’ll be set up for success.
- Find out what you can afford. And then don’t buy a home for that value. Homeownership comes with expenses you’re not used to – from HOA dues to maintenance costs to property taxes. As a general rule, you should try to keep your mortgage payments at 28 percent of your monthly income or less.
- Plan long term. What are your goals by the end of 2017? What about by 2027? Buying a home is a long-term commitment, and you need to think long-term before you do it. Figure out how long you plan to stay in your house. This will help you choose the right type of mortgage and a neighborhood that suits both your immediate and futures needs.
- Gather your team. Home buying is a huge decision and a major process, but you don’t have to do it alone! Start interviewing real estate agents and home loan providers now. With professionals that you can trust to guide you, buying your first home will feel a lot more manageable.
If you’re ready to talk to a mortgage lender about becoming a homeowner, contact me, Andraya Coulter. I serve the Bay Area and the entire states of California and Texas with quality home loans and dedicated service. I’m here to be your partner as you buy your first home. Call me today!