June 15, 2007, Newsletter Issue #69: Getting It Right the First Time Home Buying

Tip of the Week

Too many people get into houses that they either cannot really afford or do not really like in their first time home buying. If you want to avoid either of these scenarios, here are a few ways that you can make sure that your first time home buying; you get it right the first time.

First, what can you really afford? Take a close look at your finances and specifically what your current housing expense is each month. How much more can you afford than what you are already paying. Working your budget backward like this is a great way to get a good idea of what you can afford in your first time home buying.

Next, think about where you want to be in terms of physical location. It is important to know things such as school zones and other local information that can influence the value and desirability of a home. Your first time home buying, you should be more open to physical locations, but you should still get an idea of where you would prefer to end up.

Lastly, in your first time home buying, make sure that you do not get over your head in terms of a mortgage. A bad mortgage can ruin your entire first time home buying experience. Get the help of a professional in securing your first home loan and you will see the benefits each month when you write your mortgage payment.

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