6 Resolutions for First-Time Home Buyers

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Mortgage and Lending with FHA, VA, Jumbo, Downpayment Assistance, Conv. NMLS #276329

1.Save for a downpayment and closing costs. It can take a lot of work to save up to buy your first home, and you shouldn’t stop when you’ve stashed away enough for a down payment.

 

2.Reduce your debts. Develop a budget to track your expenses how much you’re earning and spending, and what you’re spending money on.

 

3.Improve your credit rating. Your payment history is one of the most important factors in determining your credit scores.

 

4.Get pre-approved by a lender. Gather paperwork before the pre-approval appointment, and definitely before you go house hunting.

 

5.Decide where you want to live. Affordability and employment opportunities are some of the considerable factors when deciding where to live.

 

6.Set a realistic budget. Determine your monthly income, pick a budgeting method and monitor your progress.

 

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Lisa Perry, Senior Loan Officer

"Your Northern VA Mortgage Specialist"

540-273-2733

NMLS ID #86548 / 276329

Email:  LPerry@fhmtg.com

Apply on line:  LisaPerrryLoans.com

 

 

 

 

 

 Proudly Serving Washington DC, Virginia & Maryland

Comments (2)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good evening Lisa. Step one, select a lending source and meet with a loan officer who asks the right questions. Enjoy your day 

May 06, 2021 04:45 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

May 07, 2021 03:30 AM