Getting Your Financial House in Order
The first agenda item for every first time home buyer should be assessing their financial situation and getting pre-approved for a mortgage. However this process can be a bit more daunting than one first thinks. It includes not only, How much mortgage you qualify for?, but also, How much home can you actually afford?
To complicate matters even more, depending on your financial situation and the home you’re shopping for, there may be First Time Home Buyer Programs available to you and your family that you should evaluate closely. Like the following:
- Free 8 Hour – First Time Home Buyer Training Course
- City of Huntsville – Financial Assistance for First-Time Home Buyers
- State of Alabama- First Time Home Buyer Programs
All in All, the first time you buy a home is not an adventure I would advise taking alone. Family members and friends, which have been through this process are your greatest resource, use them! Moreover, I would highly recommend building a good working relationship with a trusted Mortgage Professional and a Real Estate Agent, as this would be to your advantage.