February 19, 2018 | Michelle Curtis
Are you a first-time home buyer? Here are 5 tips for making the biggest investment of your life!                                                                                                          

  • Don’t be in the dark about your credit score. Today, you can check your credit score online for free. Google “free credit score” and get your score in minutes. You will receive the best loan offers if you have a score of 750 or higher.
  • Start saving for a down payment earlySaving money could include setting aside tax refunds and/or work bonuses. It is very common to put down 20%, but first-time home buyers might be required to put down much less.
  • Determine how much house you can afford.  Use a “Home Affordability Calculator” to help you determine how much you can afford to spend. This is important to know before you begin looking for your dream home!
  • Budget money for closing costs and after move-in costs. Closing costs usually run between 2%-5% of the loan amount. Besides being prepared for that, make sure and set aside some funds for the inside of the new home.
  • Choose an experienced real estate agent. This is important because this person will guide you through the entire purchasing process and can help you avoid pitfalls that might occur during this process.



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