Have you ever wondered what you would look like as a homeowner?
The perfect shade of Sherwin Williams you’d paint the walls (Alabaster), how you’d arrange your furniture, the spot you’d sip your morning coffee in while scrolling through interiors on Pinterest, the kitchen you’d entertain in…
Here are 3 ways to turn that DREAM into REALITY!
- Stop looking at Zillow and call a real estate agent! Seriously .. I know looking at houses is fun but until you take the first step, your dreams will stay dreams! Let’s set up a zoom call to get you on track.
- Figure out your Financing – how much do you need to have saved before starting the process, how much do you need to put down and how much can you afford monthly.
During our zoom call, we’ll lay out all the expenses to be prepared for and recommend a few of our favorite mortgage lenders who can dive into all the juicy details with you!
- Practice makes Homeownership: Once you’ve determined how much money you need to have saved, it’s time to start practicing!
Start setting aside the same amount that your projected monthly mortgage payment would be (pay your rent and save the leftovers). That way you’ll get used to having that expense in your budget.
Here is one of our buyer FAQ answered!!
FAQ: How much money do I need to have saved for the home buying process?
A: Some of the expenses you’ll want to prepare for when house hunting go beyond the down payment (but the good news is, you don’t need 20% down to qualify for a mortgage)! Here are a few things you’ll want to keep in mind when budgeting for the home buying process.
🔍 Home Inspection ($400-600)
💰 Earnest Money (1-3% of the purchase price)
📊 Appraisal (Around $500)
🧾 Down Payment (Depending on the loan type you qualify for, this can vary but can be as low as 3% – check with a mortgage professional for exact numbers and percentages)!
💵 Closing Costs (Some of the items I mentioned above are part of your closing costs but the total closing costs may vary and can be determined by your lender)
🏡 Taxes & Homeowner’s Insurance
If you want to learn what else to expect on the road to homeownership, we cover everything in my Buyer Consults but make sure you follow us for more tips!