Money Tips: Before the House Hunt!

Dated: September 18 2021

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When it comes to finding your dream home, money matters ?May be an image of indoor and text that says 'yል Before your houge hut 3MONEY TIPS'
As soon as you decide you want to take the leap into homeownership, it’s time to start budgeting your money and saving up for your down payment, which is typically anywhere from 3%-20% of the purchase price of the home.
While there are many costs involved with purchasing a home, coming prepared with your finances will position you in a better place to purchase your home with ease.
Below I’m sharing 3 money tips you’ll need to keep in mind before, and during your house hunt.
May be an image of furniture, living room and text that says 'Know what you you can afford Decide how much you would feel comfortable spending on a Mort Mortgage, gage, leaving wiggle room in your budget.'
?Know what you can afford ?
Before you start shopping, and even before you talk to a lender, decide how much you feel comfortable spending on a mortgage. Consider how much money you would actually feel comfortable spending, and what would leave some wiggle room in your budget.
May be an image of furniture, living room and text that says 'Credt Score Check Check to see if your credit score .i is high enough to qualify for a mort gage'
?Credit score check?✔
Once you decide to start saving for a home, pull your credit report. This will tell you whether your credit score is high enough to qualify for a mortgage. If it’s not, you can work on increasing it before you talk to a lender.
May be an image of furniture, kitchen and text that says 'Save for Extra Eypenses Upfront costs, closing costs, moving costs, new furniture...'
?Save for extra expenses?
Don’t forget to set aside money for any other expenses associated with your new home, including moving expenses and new furniture, any renovations you might need to make- along with closing costs
? Contact me if you're interested in getting started in your home purchase process.
Val Sanchez
The Ace Team
eXpRealty
? (281) 536.5018

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