First Time Buyers

Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s when a lender looks at your finances, including things like your W-2, tax returns, credit score, and bank statements, […]

 According to the National Association of Realtors (NAR), 38% of first-time homebuyers find saving for a down payment the most challenging step. But the reality is, you probably don’t need to put down as much as you think: Data from NAR shows the median down payment hasn’t been over 20% since 2005. In fact, the median down payment for all […]

First-time homebuyers should consider the following steps: 1. Establish a budget: Determine how much you can afford by analyzing your financial situation, factoring in your income, expenses, and savings for a down payment. 2. Check your credit score: A good credit score is crucial for securing a mortgage with favorable terms. Review your credit report, […]