The Path to Owning Your First Home


June 19, 2013


The path to owning your first time is fun and exciting…but can also be a long road with many twists, turns and bumps along the way.  I love how simply this graphic describes the process of buying a home.  A few important tips:

  • Even if you are approved for a larger amount, do not financially over-extend yourself in order to buy a home.  Owning a home should be a huge blessing…NOT a huge burden.  I will never ever encourage my buyers to spend more than they can afford, and there are many reasons for it.  No matter how much you love your home, you don’t want to be “house-poor”…I promise.
  • Explore all of the possible loan options available to you with a fantastic mortgage professional.  There are so many options out there that I’m convinced there is something for everyone…including conventional loans with as little as 3% down, USDA loans with 0% down…and more!
  • As soon as possible, get a realistic idea of your monetary commitments for closing – including the total downpayment amount and all closing costs.  You definitely don’t want to get all the way down this path only to find out that you are short on cash at the very end.  A great REALTOR and mortgage professional will be able to help you get these estimates and protect you.

As always, please let me know if you have any questions…I am happy to help in any way!

Tara Moore, REALTOR






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