Found 6 blog entries tagged as first time homebuyers.

 

 

 

If you’re ready to buy your first home, there are a few things you should look at to help you along your way:

-          Explore first-time homebuyer programs

-          Look at condos and townhomes

-          Consider a multi-generational home

If you have more questions or are looking to make a move today, let us know here at the Brookings Home Team! How can we serve YOU?

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Are you ready to take the plunge into the exciting world of homeownership? Congratulations! The journey to buying your first home is an exhilarating one, filled with dreams of cozy living spaces, decorating ideas, and imagining the memories you'll create. However, this adventure also comes with its fair share of challenges and obstacles to overcome. But fear not, dear first-time home buyers! With the right knowledge and guidance, you can tackle these pain points and emerge victorious in your quest for the perfect abode.

  1. Financial Fitness: The Down Payment Dilemma

Obstacle 1: The High Price of Entry

One of the most significant hurdles for first-time home buyers is saving for the down payment. It's like trying to win a race with a lead…

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Applying For a Mortgage? Here’s What You Should Avoid Once You Do. | MyKCM



While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan.

Don’t Deposit Large Sums of Cash

Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.

Don’t Make Any Large Purchases

It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income ratios (how much debt you have…

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Financial Fundamentals for First-Time Homebuyers | MyKCM



Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home.

Build Your Credit

Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run.

So how do you make sure your credit is in the best shape possible when it’s time to buy? A recent article from NerdWallet lists a few tips you can use as you work to build and strengthen your credit.…

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Three Tips for First-Time Homebuyers | MyKCM



Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you're looking to purchase your first home, you may be wondering what's happening in the housing market today, how much you need to save, and where to start.

Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.

1. Consider All Options When the Number of Homes for Sale Is Low

Today, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. That could mean expanding your search to include…

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Advice for First-Generation Homebuyers | MyKCM



The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says:

“Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.”

In other words, your dream of homeownership has far-reaching impacts. If you’re about to be the first person in your family to buy a home, let that motivate you throughout the process. As you begin your journey, here are…

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