Shopping for first-time homebuyers can be overwhelming if you don’t know where to start!
Here are the top 5 tips for the first-time homebuyers:
Build your team
One of the best decisions to make in the early stages of preparing to buy a home is to start building yourself a team of trusted professionals. First, contact a Mortgage Broker who can help you with your long-term financial goals and from there you will want to find a realtor, lawyer and home inspector.
Determine what you can afford
It is financially savvy to first talk to a professional Mortgage Broker and determine how much home you can afford – comfortably. This should happen before you even begin shopping for a home.
Hopefully, if you are in the market for a home, you have been saving for a while already. A Mortgage Broker will figure out your downpayment options, hold you accountable and help you reach your financial goals, so that buying a home is easy.
Working with a Mortgage Broker can save you the headache of forgetting to account for all of the expenses that go beyond your monthly mortgage payment. You’ll want a clear picture of what you will actually need to spend each month before you buy.
Don’t forget the closing costs
Similar to the tip above, you will want to ensure that you have extra funds set aside to account for the cost of closing the deal. Your Mortgage Broker will outline the costs to expect so that you aren’t caught by surprise.
Helping First-time homebuyers is my specialty. Still have questions, contact Jacqueline Jeffries at 780.220.5968 or visit www.jacquelinemortgages.com.