Recent economic conditions have created a low-price, low-interest housing market that is a terrific opportunity for anyone interested in buying a home.
If you’re ready to get a place of your own, start by finding a mortgage specialist who you trust, who knows your market, and who you can meet with face-to-face to discuss your options. They can help determine how much house you can realistically afford, and then pre-qualify or pre-approve you so you can shop using hard numbers. Be sure to ask if there are special programs available for first-time homebuyers, and talk about the out-of-pocket costs you’ll have to pay in addition to the downpayment.
By doing this before hitting the open houses, you’ll be a smarter, more confident home shopper and you won’t waste time looking beyond your price range.