FIRST TIME BUYERS

Buying your first home can be both exciting and nerve-wracking. Because few first time buyers have much experience in the real estate arena, consider the following suggestions in preparing to buy:

1. Define what you are looking for in a home and neighborhood. The first time homeowner has a wide variety of options in buying the perfect home. It is important to go into the decision with a clear idea of what you want, whether you want to shop around or build something new. A home is a big investment, so it helps to know what home features will leave you happy in the long run.
   
   
2. Figure out how much you will be able to spend. It is important to realistically gauge what you can spend on your first home. Our experienced professionals are happy to sit down with you to work out what you can comfortably afford. It is important to remember that property owners have new expenses that renters normally don’t have to deal with. Make sure you set aside money to cover routine repairs and improvements.
   
   
3. Work with people you trust. During this stressful time, it is essential to surround yourself with experienced people you can trust. From your real estate agent to your home inspector, be sure to do research before hiring anyone. Our financial advisors understand what you are going through and have the experience to lead you in the right direction.
   
   
4. Compare mortgage options to find the best fit. There are a wide variety of mortgages available, from fixed rate to interim adjustable. You can rely on CU Home Loans and his associates to explain your options and help you choose the plan that is right for you. Click here to learn more about the different types of mortgages available.
   
   
5. Shop around for homeowners insurance. Homeowners insurance is essential to protect your new investment. With so many companies and policies to choose from, it helps to do your homework.
   
   
6. Negotiate and make an offer contingent on a home inspection. Negotiation is a key part of the home buying process. Make an initial offer and be prepared to negotiate from there. It is essential to make your offer contingent on a home inspection, as you are entitled to know exactly what you are buying. Regardless of whether a home is new or old, a home inspector will be able to give you an accurate understanding of what you are paying for.

At CU Home Loans, we understand the mixed emotions that come with this milestone. We have years of experience in helping first time buyers make their dream home a reality. Our combination of outstanding service, value, and support will ensure your home-buying experience is as simple as possible.

When you are ready to take the leap and make the investment, CU Home Loans will be there to help. Contact one of our financial advisors to see how owning your own home can become a reality.