You have come to the conclusion that you're tired of being a renter. You're ready to own a home of your own home. Only thing is you do not know where to start. Well, luckily, you have come to the right place for advice and help! Here are tips on what you need to know when transitioning from renter to buyer.
- First, make sure buying is right for you. Are you financially stable? Map your finances and consider your future plans. Be sure you are ready for this commitment! Is this a home you can see yourself living in for years?
- Once you are 100% sure you’re ready for this step, get your finances in order. If you have no already, begin saving for a down payment. You will also need to gather a copy of your credit score and other finical bills so you can be pre-approved for a loan.
- Research and decide what mortgage plan is best suited for you. Begin this search at your personal bank or credit union.
- Now that you have your mortgage plan, it is time to start searching for home. We may just know a place that can help you with this step...
- Once you find your dream home, last step is homeowner insurance, loan finalization, and the closing.
Hope these tips helped you out. If you have any more questions, or are ready to buy, call our offices, 718-966-9669, for more assistance!