Posted by Jian Xiu
First-Time Home Buyer? Here’s What You Need to Know!
Affordability is often the biggest concern when buying your first home. Here are some key factors to keep in mind:
Down Payment: Saving for that down payment can feel like a mountain to climb. While aiming for 20% can help you avoid PMI (Private Mortgage Insurance), there are plenty of programs available that allow for much lower down payments (as low as 3-5%)—don’t let this hold you back!
Credit Score: Your credit score is more than just a number—it can significantly impact your mortgage rate. Take the time to check your credit report and improve your score if needed. It could save you thousands in the long run – we have programs that can offer you credit counseling.
Budgeting for Extra Costs: The purchase price is just the beginning. Make sure you’re prepared for closing costs, property taxes, and insurance. Budget about 2.5% of sale price for closing costs.
At Plenti Mortgage, we specialize in helping first-time buyers like you navigate the home-buying process with confidence. Want to know your maximum house purchase price and loan amount? Let’s chat and get you on the path to homeownership!
您是首次购房者吗？我们知道，负担能力是您最关心的问题。以下是一些需要考虑的关键因素：
- 首付： 为首付储蓄可能具有挑战性。许多首次购房者的目标是至少 20% 以避免私人抵押贷款保险 （PMI），但有许多计划可以让您支付更低的首付（低至3-5%）——不要因此而却步！
- 信用评分： 良好的信用评分可以帮助您获得更好的抵押贷款利率。检查您的信用报告并在需要时努力提高您的分数非常重要。这可以为您节省数千美元——我们有提供信用咨询的服務。
- 额外费用预算： 除了购买价格外，请确保您为过户费用、物业税和保险做好准备。过户费用预算大约销售价格的2.5%。
我们在Plenti Mortgage，可以帮助您根据您的收入和债务计算最高购房价格和贷款金额。请联系我们。