An Easy Checklist For The First Time Home Buyer in Connecticut
Buying a home is not so simple if you’ve never done it before. If you’re a first time home buyer, then you will no doubt want to know what to do to ensure you get a helping hand. It’s for that purpose that the following check list has been created. The following checklist will help you see what you’re going to need to do and work with if you are going to get anywhere in your quest to purchase a home. Even if you’ve purchased a home long ago, you can benefit from the checklist below. These are a few things to consider when you are aiming at being a first time home buyer.
Check Your Credit Score
One of the first major things to do is simple, check your credit score. This doesn’t have to cost you anything. You can check your score and find out how good or bad your scores are. The better the score, the better, simple as that.
Clean Up Credit Issues
As you read your credit score, if there’s anything wrong, anything at all, clear it up. Many time, people find mistakes in their report and aren’t sure why. You can clean this up and get your scores improved dramatically, it’s just a matter of calling in and getting them cleared up the right way.
Save For A Down Payment
If you haven’t done so already, then it’s time to save for a down payment. The average down payment for a first time home buyer is 3% and in some instances can end up being less. There are some home buying programs that will help you get help with a down payment, but it’s advisable to have more than the required percentage.
Get Pre-Approved
After you’ve saved money, your next step is to make sure that you look at getting pre-approved. Speak to a lender and real estate agent to see what you can get in terms of a mortgage. You should know the numbers that you can work with. Knowing the price of a home that you can afford, as well as what amount you can get loaned is a big thing.
Shop Around
The next thing that you should work towards is getting your dream house. That’s going to take patience. Take time, shop around, don’t settle, and keep looking until you see a home that helps you. Shop around, and don’t push things in haste. Don’t use haste or you will end up losing out on something grand. Exhibit patience as a first time home buyer, and you’ll be rewarded.
