Buying your first home is a landmark moment and a very exciting time in your life. First time home buyers can be frightened because the preparation to buy their first home can seem daunting. You need to make sure that you are prepared financially, have all your paperwork in order, find a home you like, and finally, get a mortgage.
With most buyers feeling priced out of the market, mortgage affordability and meeting the stringent federal guidelines put in place in 2018, is a major cause for concern and discussion today. Affordability for first-time buyers seems to be the main topic of discussion these days. Many first-time home buyers are feeling defeated, and overwhelmed before they even begin the process of home ownership.
I want to let you know that there is hope, that you too can become a proud homeowner.