First Time Home Buyers First Step To Buying Your Home
Hello there! Glad you stop by. Are you one of many first time home buyers that would very much like to take the first step to begin the home buying process but is afraid that:
You don’t make enough money.
Your credit scores are too low.
You don’t know where or how to begin.
A 30 year mortgage may not be your best option.
You need 20% cash down payment.
Interest rates are too high.
Home prices are too high.
Don’t have money for down payment.
The buying process seem overwhelming.
You may not be able to find your dream home.
And a litany of other reasons.
While there are many good reasons to buy a home such as the tax benefits, and wealth building, people often talk themselves out of making one of the best financial decision of their lives, while they continue to pay rent.
There is nothing wrong with paying rent, if that is your desire, if owning a home is what you truly want, you should take the time to speak with a knowledgeable Realtor, such as us to address your concerns and fears.
Here are some quick answers to some of the most common fears listed above:
You can buy a home with 620 credit score.
A great Realtor will be able to address all your fears while looking out for your best interest and not theirs.
A great loan officer will be able to address all your mortgage questions.
No, you do not need 20% down payment. You can purchase a home with zero down payment, (USDA,VA) or you can pay as little as 3% down payment on a conventional loan or 3.5% down payment for FHA loan.
With regards to interest rates, you can always refinance. You typically need to wait between 6-12 months after closing on your home before you can refinance. In the meantime, your home is appreciating in value.
Home prices are always negotiable.
With the help of the right Realtor, the buying process can be an amazing experience.
As long as your dream home is within your mortgage loan approval amount, you will find it.
I do understand your fears. And buying a home does involve a lot of moving parts, documents, and professionals. It can also get a bit stressful. But, the stress is manageable. A very knowledgeable and caring Realtor will be your best defense to guide you through the home buying process from start to finish.
Everyone will be working on your behalf, the real estate agent, the mortgage professional, the title company and everyone in between, will work together to make a very complex process seem simple. Trust in them to do what they do best and watch your fears melt away. It is always a great time to buy a solid piece of real estate at a great price. Do not allow fears to make your decision for you. You’ve got this!
As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana
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