Buying your first home is the start of a new phase of your life. Homeownership is a huge responsibility, but it also gives you the freedom to customize your home to suit your needs and allows you to continuously invest in your property equity. If you think you’re ready to be a first time home buyer, you have a lot to learn to make sure you get the best home and home loan for your situation.
In the video posted on this page, the host presents her top 20 tips for first time home buyers.
If you are completely new to the concept of getting a mortgage, these tips will help you make the best possible decision for your financial situation.
For example, she explains that it’s important to ask your lender for an estimate of how much your monthly payments will be for the loan amount you are qualified for. This is important because qualifying for a loan doesn’t mean that you can comfortably make your payments each month.
For more first time home buyer advice, watch the video above or contact an experienced local real estate agent or property lawyer in your area.