Mortgages 101 – Tips for First Time Home Buyers (Part 1)
As a first time home buyer looking to purchase a home, you first must know how much you can afford. In order to determine this, make sure you have a list of the following:
- How much cash or liquid assets do you have of your own?
- Will you be obtaining a gift for the down payment?
- What is your gross family income?
- Do you have any other debt?
Next in this series of tips aimed at helping first time home buyers I will look at Step #2 – Making a list of the features you would like in your home.
Again, if you have any questions or would like further detail feel free to email me your questions.
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