If you are a first time buyer you are not alone. If you have not purchased a home for a long time, you may not be aware of the recent changes that have taken place in mortgage industry and may not be aware of what you can and cannot afford at this time.
- Find a qualified Buyer’s Representative – an ABR - Realtor who has been trained specially to work with buyers.
- Commit to paper your wants and needs. Know what you must have. Is the location of your home more important than the house itself? Do you need three bedrooms, a yard and a garage or can you do with less? Can you afford more. That is where the next step comes in…
- Assess and understand your Credit and Financial picture – your ABR Realtor will guide you and may even recommend local well trained, respected and knowledgeable Mortgage Consultants who will advise you on what you can and cannot do.