Getting ready to buy your home can be both exciting and scary. When you think about down payments, mortgage types, credit scores, and all of those things that weigh your home buying possibilities so much, it can seem downright overwhelming.


We’re here today to give you a short guide as to how you can make the most out of your home buying experience and avoid the headaches that could arise.



1. Prepare For the Mortgage Process

There are so many people that go out and find their dream homes, only to realize that purchasing it is not financially viable. To make sure that you’re dream home is set in stone, you’ll need to make sure that you have solid credit, enough money to put a down payment and close, and income that can be verified.


To get a good mortgage, you must have a good credit score. Make sure to check your credit report to see if there are any errors. To do this, we recommend investing in a daily credit monitoring service like these.


Beyond your credit score, you want to make sure that you have enough cash on hand to make a down payment. A down payment can be anywhere from 3.5% to 20% of the overall cost of the home. Make sure that you are keeping this money safe and stored away somewhere so that you won’t accidentally use it under other circumstances.


Lastly, to get verified, you want to have all of your documents in order. This includes W-2s, paystubs, bank statements, and anything else with proof of income.



1. Shop Around For Mortgages

There are so many new homebuyers that leave the mortgage shopping to the last second. Unfortunately, that is a great way to lose the home of your dreams. This is why we highly recommend going for mortgage pre-approval. It is totally free and non-binding, but helps to present you as a serious prospective buyer when you first bid on the home.


You want to have a good understanding of the types of mortgages and the fees/rates associated with each.



3. Find the Right Real Estate Agent

Once you have a few houses or neighborhoods in mind, it is time to get a real estate agent who is familiar with the area. Don’t just ask your real estate friend. You want someone who is an expert in the particular area, as they can tell you more about the surrounding neighborhood and help to get you the best deal possible.




As we said, buying your first home can feel a bit overwhelming. The more you have yourself and your finances in order, the more of a seamless process it will end up being. The goal is to make it more exciting than it is overwhelming, so make sure to follow our tips above to make the most of your experience!


Do you have any tips for first-time homebuyers that you’d like to share? Let us know in the comments!