It’s an exciting time!
But it can also be a little overwhelming — what should homebuyers look for in a new home? How much can they afford? How are they going to coordinate the sale of their current home with the purchase of their next?
We’ve been working with homeowners in Warren, Lincoln or St. Charles County for a long time now… and we’ve learned a few tricks 😉
So here are some tips for buying a home!
Save Up For a Down Payment — Getting a home loan will require a decent chunk of money as a down payment. The bigger the down payment, the less the monthly mortgage payments.
Calculate Monthly Mortgage Payment — It’s important to know how much the mortgage payment is going to be before making a commitment. Finding out is super easy! Just Google search for “Mortgage calculator”, enter the info, and estimate the monthly payment.
Check Credit — Getting a loan on a home will require at least decent credit.
Coordinate The Home Sale — Homebuyers will also need to sell their current home. It’s a good idea to coordinate this with a real estate agent to make sure that everything closes around the same time. If you want to sell quickly, as-is for a fair cash price, then give us a call at (636) 355-3055 and we’ll be able to help you out!