4 Pieces of Advice for First-time Home Buyers in Phoenix If you’re thinking about purchasing your first home, congratulations! Owning your own home is an incredible experience and the journey through the home buying process is often an exciting one. As one of the largest (if not the largest) investment in your life, it’s different from any other large purchase you’ve ever made. Here are 4 pieces of advice that every first-time home buyer should consider: Develop a home buying budget – you have to determine how much home you can afford. Experts recommend setting a budget of 2.5 times your annual earnings and not spending over 30% of that income on monthly mortgage payments. Exercise patience – although TV shows make home buying look simple. But the reality is that you’ll need to look at several homes before making your decision. House hunting can get frustrating so be patient. Re-evaluate your expectations – it’s okay to dream about owning your first home, but be realistic with your expectations. Before you start searching, evaluate which features are the most important. Talk with a reputable agent or broker – finding an honest realtor and communicating openly with them are the keys to having a successful home buying experience. Let them know how much home you can afford and what you consider non-negotiable. https://www.google.com/maps?cid=6744959272592205627 Learn morefrom https://local.google.com/place?id=6744959272592205627&use=posts&lpsid=2266159837732049592
0 Comments
Leave a Reply. |
About UsDesert Springs Mortgage, LLC is a mortgage lending company in Phoenix that is dedicated to making the mortgage borrowing process easier for anyone looking for ways to finance the purchase of a new home. We have a team of experienced loan originators and processors that will guide you through the whole application process from start to finish. They will also give you advice on what loan products best suits your situation and ambitions. Aside from that, we also help with loan refinancing where we can adjust the terms of your loan to suit current market conditions. For more information, give us a call today on (623) 432-1309. ArchivesNo Archives Categories |