First-Time Buyers

First Time Home Buyers of Enterprise AL Real Estate

Tired of paying someone else's mortgage? Want a place to truly call your own?  Where do you start?

First of all, learn the financing basics here and find out how much you really can afford. When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options to make buying your first home a happy reality.

Get your finances in order first. Before you buy, make sure to have your credit checked and that you completely understand your debt to income ratio. So many people walk blindly into home ownership only to be taxed right out or have their ARM go sky high that they have to foreclose. Don't fall into that trap. Be prepared and ready to own a home starting sometimes a year or two before.

Programs for first-time buyers. There are several local or federal government programs that help first time buyers get into the housing market. Ask me about these options. Check out my Seattle Home Buying Seminar connections for classes and information for first time home buyers.

Your lender. Your bank or credit union may help as well. Are you debt free and own something free and clear, like a car? Your lender may lend you the down-payment by securing it against this asset. Lenders can also help you come up with a plan if you are not able to buy right away. They can set goals for you to obtain to make buying Enterprise real estate a lot easier when the time comes.

Private contracts. Look for a Enterprise AL real estate seller to help you buy and finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage installments.

Need financial solutions?

Credit or tax problems. Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down- payment. Contact Christina Hunt for all your credit issues and help. For more information for first time buyers check out my Great Falls real estate affiliate.

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