First time buying a home
Quote from Madeline on June 4, 2022, 11:04 pmI want to buy my first home. What should be my first step? A coworker suggested using Zillow. Is that a good place to start?
I want to buy my first home. What should be my first step? A coworker suggested using Zillow. Is that a good place to start?
Quote from Ferdie Rodriguez on June 5, 2022, 12:08 pmLooking at houses on any platform, like Zillow, is completely fine. However, your first step should be to talk to a lender (banks, credit union, mortgage brokers), and get a pre-approval. This way, the lender can check your finances, and can tell you how much you’re pre-approved for (that includes your estimated monthly payment). Knowing how much you’re pre-approved, you can look at houses within your price range, and you won’t be wasting time looking at houses beyond your price range.
If this is your first time buying a house, ask your lender if they have something like a “first-time homebuyer program”. I bought my first house without a downpayment because my lender had that first-time homebuyer program.
Looking at houses on any platform, like Zillow, is completely fine. However, your first step should be to talk to a lender (banks, credit union, mortgage brokers), and get a pre-approval. This way, the lender can check your finances, and can tell you how much you’re pre-approved for (that includes your estimated monthly payment). Knowing how much you’re pre-approved, you can look at houses within your price range, and you won’t be wasting time looking at houses beyond your price range.
Quote from Madeline on June 5, 2022, 1:33 pmWow great idea! Thanks for the great tips. My hubby and I will be relocating soon. Excited for this new chapter in my lab career 😊
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