Tips for First Time Home Buyers
One of the biggest steps you will take in your life is home ownership. Buying is an exciting step in your financial future and there are a few key points to remember! There will be a lot of growth and learning throughout the process, but if you want to make the adventure a little smoother keep reading for some great tips that are sure to make the process less stressful.
Research, Research, Research!
We live in an age of technology, and the answer to almost any question you might have you can probably find in an instant online. Which is why, the first tip for first time and future home buyers is to do your research! You want to know how much you can afford to spend before a loan officer tells you how much you qualify for. You want your investment to be a sound one, made with premeditation and an understanding of your buying power. If you are barely starting out, research can help you determine what you need to do now to purchase a home in the future, in essence research can help you create a home buying blue print for yourself.
Stay On Top of Your Credit
Sure, everyone knows that having a higher credit score is a good thing. But when it comes to purchasing a home, are you aware why a higher credit score is better? The fact is that all mortgage lending is based on a tier of interest rates and terms which are all centered on credit scores; the higher the credit score, the better the tier and vise-versa.
Since credit is such a huge factor in buying a home, monitoring your credit is vital. Monitoring your credit shouldn’t only be a priority when you are thinking about purchasing a home, overseeing your credit is something that should be done as soon as you start using and building your credit. You want to make sure that everything on your credit report belongs to you and installment payments have no late payments.
Bonus tip: Did you know you can access your credit report free once a year? Visit:
Research, Research, Research!
We live in an age of technology, and the answer to almost any question you might have you can probably find in an instant online. Which is why, the first tip for first time and future home buyers is to do your research! You want to know how much you can afford to spend before a loan officer tells you how much you qualify for. You want your investment to be a sound one, made with premeditation and an understanding of your buying power. If you are barely starting out, research can help you determine what you need to do now to purchase a home in the future, in essence research can help you create a home buying blue print for yourself.
Stay On Top of Your Credit
Sure, everyone knows that having a higher credit score is a good thing. But when it comes to purchasing a home, are you aware why a higher credit score is better? The fact is that all mortgage lending is based on a tier of interest rates and terms which are all centered on credit scores; the higher the credit score, the better the tier and vise-versa.
Since credit is such a huge factor in buying a home, monitoring your credit is vital. Monitoring your credit shouldn’t only be a priority when you are thinking about purchasing a home, overseeing your credit is something that should be done as soon as you start using and building your credit. You want to make sure that everything on your credit report belongs to you and installment payments have no late payments.
Bonus tip: Did you know you can access your credit report free once a year? Visit: