First Time Home Buyer Tips on Buying A Home

first time home buyers

Buying a home can be thrilling and nerve-wracking at the same time, especially for the first time home buyer —

Here are Six First Time Home Buyer tips when getting ready to buy and obtain a mortgage that can help make the process go more smoothly.

Check your Credit – Find out what your credit scores are… The better the score the better interest rate and easier way to qualify for a mortgage.

Evaluate assets and liabilities –  As a first time home buyer, you should understand your budget and cash flow of income and expenses. Track your spending.

Organize your documents – Mortgage lenders will request 2 recent pay stubs, the previous 2 years’ W-2s, tax returns and the past 2 months of bank statements and that means every page, even the blank one

Qualifying for a Mortgage –  How much can you afford? Know what you can afford before you go looking for a Home. By calculating debt-to-income ratio and factoring in a down payment, you will have a good idea of what you can afford, both upfront and monthly

Down Payment – A simple rule of thumb about affordability is how you can put together the right down payment.  The better down payment; the more flexibility you have in obtaining the right Mortgage Program for you.

Work with a Realtor with EXPERIENCE! I have over 19 years of selling experience catered to helping the First Time Home Buyer. I put together the right team to help from getting your Mortgage, Home Inspection and a competent Attorney to represent you in Closing.

Bob Idakaar, Real Estate specialist for 1st time buyers.
Buying your first home? Curious about the process?
Looking for a great experience buying your first home???
Please take advantage of my years of experience and expertise in finding that perfect
FIRST home.

Bob Idakaar GRI
Your First Time Home Buying Expert
WWW.BOBSHOMES.NET
973-713-2377
bob idakaar