First Time Home Buyer Advice

First Time Home Buyer Question & Answer

I am sick of paying too much for subpar rentals, and my long term boyfriend and I have decided to try and buy a home. Unfortunately, we have no idea where to start. Should we go to the bank first, or a realtor? How does the first time home buyer loan situation look for two young adults... on with excellent credit and one with good credit? What percentage is an acceptable down payment? I have a billion questions... any advice?    Terra

Hi Terra!

Being a first time home buyer raises a billion questions - doesn't it? There are several steps to first time home buying. It is best to contact a home loan consultant first for a 5 minute pre-approval - which can even be done over the phone! They will provide a ballpark figure of the total of the monthly mortgage payment, property taxes, and insurance for a particular area. It is a great way to determine the price range for house hunting. The home loan consultant can give you different options for various down payments, and explain the differences so you can select the right loan program for you. There are many questions to consider when speaking with potential buyer's agents. The right Realtor will make the process easier for you, and help answer ALL your questions! Please feel free to contact me at anytime if I can help with anymore questions.

About the Author...
This First Time Home Buyer Advice was provided by Christina Asad Edwards, a Nationally recognized leader in her field. Christina can be reached via email at Christina.Asad@RealLiving.com or by cell phone or text message at 937-205-4741. Christina has helped thousands of people move in and out of the Dayton Ohio area and other Southwest Ohio towns. For Ohio Real Estate and homes see Dayton Ohio Real Estate.

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Servicing the following towns and counties in Southwest OH: Beavercreek, Bellbrook, Centerville, Dayton, Greene, Fairborn, Kettering, Miamisburg, Montgomery, Oakwood, Springboro, Warren, and West Carrollton OH.

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