First Time Home Buyers’ Guide

Buying your first home is exciting—and it’s completely normal to feel a little nervous. Questions like, “Can I afford this?” or “What if my credit isn’t where it should be?” are common, but don’t worry. The key is to approach the process with a clear mind and solid information.

Can I Afford It?

Transitioning from renting to owning may seem overwhelming at first, but the numbers might surprise you. If you're already paying rent, you could likely afford a mortgage too. Mortgage interest tax savings can make your monthly payment lower than you expect. So, if doubts creep in, remember to look at the numbers—they often offer reassurance.

How I Can Help You

I’ll guide you through every step of the process, including:

• Educating you about the local market

• Helping you identify your home preferences and must-haves

• Showing you homes that match your criteria

• Coordinating with other professionals like lenders and inspectors

• Negotiating on your behalf

• Handling paperwork and deadlines

• Solving any issues that arise

Understanding Financing

• Down Payment: This is the upfront amount you pay, usually a percentage of the home’s price. While 20% is often the target, it’s not mandatory. Some loans allow you to put down as little as 5%, or even less, and there are programs that can help with down payments.

• Interest Rate: This is the fee the lender charges for borrowing money, and a lower rate means less money paid over time. It’s worth shopping around to find the best deal.

• Loan Term: The term refers to how long you have to repay the mortgage, which will impact your monthly payment and total interest paid. Most terms are 15, 20, or 30 years—shorter terms have higher monthly payments but can save you money in the long run.

Let’s chat more about your options if you’re ready to dive into the numbers and next steps!