Buying a home is an important decision, and you will want to make the most of your home purchase. Once you’re ready to be a Florida first-time homebuyer, you’ll want to consider the following tips to help you through the process.

  • Are your finances in order? Your credit is crucial, so make sure you’re paying all your bills in a timely manner. In addition to having enough saved for a down payment, you’ll need to look at your credit history, and correct any inaccuracies on your credit report.
  • What type of home best fits your needs? There are a lot of options available now, including single-family homes, townhouses, condominiums, or others. Each has differences that you should consider before making any decisions. You should also think about the features you want, from major considerations like neighborhood and schools, to smaller details like yards, kitchen layouts, or décor.
  • How much can you afford? Prequalification can tell you how much a mortgage lender is likely to lend you. Before you start shopping, though, you should move beyond prequalification and get pre-approved. Pre-approval is a guarantee that a lender will loan you a specific amount, and it can keep you from wasting time on houses you may not be able to finance. In addition, think about how much you can actually afford to spend each month. There’s more to home ownership than just mortgage payments, so look at total costs, including insurance, property taxes, and potential home improvements.
  • What are your closing costs? You don’t want any surprises after you find your dream home, so make sure you understand closing costs and how much they are likely to be.

Get help from a professional

A qualified real estate expert can help guide you through the home purchasing process, and help you avoid potential pitfalls when shopping for a home. Real estate professionals can also advise you about programs that can help defray some of the costs of buying a home. In Florida, there are state, county, and even municipal programs that can offer you assistance with down payments and closing costs through grants or low-interest loans.  At Embrace Home Loans, we have the expertise you need when you’re are ready to be a Florida first-time homebuyer. Contact us at 407-733-6425 or browse our website for more information.

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