From Curious to Confident: Ready, Set, Own!

Taking the leap from dreaming about a home to actively working toward buying one is exciting! While the process can seem overwhelming, the key to a successful home-buying experience is thorough preparation. In this post, we’ll walk you through the first steps to set yourself up for success, so you can embark on this journey feeling informed, ready, and confident.

Research and Budgeting are the cornerstone of any big decision is a solid understanding of your financial landscape. Here are some tips:

1. Setting a Budget: Look at your monthly income, debts, and expenses to determine how much you can comfortably afford on a mortgage. Most financial experts suggest that housing costs should not exceed 28-30% of your monthly income.

• Protip: Use our Financing Calculator to find out how much home you can afford!

2. Mortgage Pre-Qualification: Getting pre-qualified can give you a realistic idea of the price range you should consider. It also signals that you’re a serious, qualified buyer, and can help you be confident when you find the perfect home.

• Protip: Not sure who to use for pre-qualification? Visit our Financing Page where you can find a list of our recommended lenders!

3. Financing Options: Explore different types of mortgages, such as fixed-rate or adjustable-rate, and consider speaking with a mortgage broker or loan officer who can help explain the options and match you with the best fit for your financial goals.

• Protip: Trying to decide which home loan option is best for you? Learn about the 4 main loan types on our Loan Options Page!

4. Mortgage Broker or Loan Officer: They’ll be your go-to for any mortgage-related questions, including loan types, down payments, and interest rates.

• Protip: Not sure who to direct your Mortgage related questions to? Visit our Financing Page where you can find a list of our recommended lenders!

5. Financial Advisor: If this is a significant investment for you, although not necessary, consulting a financial advisor can help you prepare for the long-term financial impact of homeownership. 

By covering these bases, you’ll be ready to take your first confident steps toward owning a home!

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