IS IT TIME TO BUY YOUR FIRST HOME?

Homeownership

FIVE factors you should consider

1 – Affordability

  • Where do you visualize yourself living in two years?
  • Can you afford to be a homeowner? Affordability Calculator
  • Do you want your home to reflect who you are?

2 – Pricing Trends

3 – Financial Readiness

Credit Score

Down Payment and Closing Costs

  • Saving Up For A Down Payment
  • Downpayment Gift Guidelines
  • Firs-Time Homebuyer Consideration

4 – First-Time homebuyer programs

5 – MortGage Pre-approval

Work History

  • Paystubs for the last 2-3 months
  • Tax returns and W2 forms for the last two years

Total Debt (Recurring Monthly payments)

  • Credit cards
  • Car, student, or any other loans
  • Store lines of credit
  • Alimony payments
  • Child support payments