Step 1 to Buying a Home: 

Plan and Budget

Have a burning question about Step 1?

Congratulations!! You have taken the first steps to buying a home! Starting here and looking over the home buying process will help make the entire process a little less stressful.

There are so many places you could start but let's start with you. You will need to plan and budget. 

This is something no one else can really help you with. Looking over your own personal finances, budget, savings, accounts etc.

• Save for a down payment. The type of loan will determine your down payment amount, but saving early is always a good idea. There are loan options for as little as 3.5% for FHA Loan.

• Budget. Making a budget of all expenses will help you determine what you are comfortable spending on a mortgage each month. Mortgage payments include insurance and tax escrows.

• Plan. Outline criteria and desired location for your new home. Make a “Need/Must Have” List and a “Want/Desire” List. This will help you know what you can be flexible on while looking for your home.

No home is perfect! Know what you are willing to bend on to help find the right home for you

Now that you know a little more about yourself and your budget, lets move on to Step2 - Finding a Realtor

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