We hear a lot about needing 20% down to purchase a home, but what many buyers don’t know is that when it comes to down payments, you have options! Choosing the right loan and down payment can feel confusing, but it doesn’t have to be. If you’re researching your options and have questions, feel free to send me a DM!
If you’re thinking about buying your first home this year, here’s my word of advice. Before anything else, think through these two things: Your budget and Your must-haves. As a first time home buyer, you may not know your budget, if you are paying rent currently start there and ask yourself if you can afford to pay more monthly, or if you are comfortable where you are at. Then give me a call and I can connect you with a lender to help know what your budget will be. You may not be able to get all of your must haves within the budget you want to spend, so know which must haves you are willing to forgo. Buying a home is one of the best things you can do this year for your financial health. If you plan to buy a home in 2022 feel free to reach out if you have questions or would like to talk more. I’m here to help!
