FOR FIRST TIME BUYERS
| A
first time buyer can be almost anybody.
Perhaps a young single person, perhaps a new couple expecting a
family, or even someone who has had to wait until midlife to
finally purchase a home of their own. Regardless, the first
time buyer has a dream.
How do I make this dream a reality? It is wise to list out logical steps. Because you already have a dream, you probably already have a mental image of your new home. If not, you need to sit down, alone or together with your partner, and list those qualities which should make up the ideal starter home. How much can I afford? Nothing can place more stress on a life or on a relationship than a mortgage that is simply "too tight". Finding the right fit for a mortgage is best done with the help of a mortgage specialist. Most banks and lending institutions have on staff, such a person, trained to help you decide just how much you can afford. If you call or e-mail me, I can make a few recommendations for you in this regard. But I don't think I can afford anything just now! No Problem. Everybody has to start somewhere and once again, this is where a good mortgage specialist is trained to help you establish a workable financial plan to reach your goal and make your dream a reality. Will I have to compromise? Many times, our first home falls short of "the dream". That's OK. The important thing is to start. Maybe your first home will be a bit smaller than you really wanted or may not have all those features you dreamed about. Have you considered a "fixer-upper"? If you are a handy person, this may be one option. A
wise person once said,
"without a dream, there is no need to work, and without work,
there is no need to dream". Why not get started? |
