Dreaming of Home Ownership?

Monday, February 4, 2019   /   by Michelle Genardini

Dreaming of Home Ownership?


Dreaming of Home Ownership?


Below are some quick tips to start making that dream a reality:

1)      Start saving for a down payment early!

Setting aside tax refunds and work bonuses is a simple and easy way to start saving!

Set up an automatic savings plan and using an app to track your progress. I’m currently using an app called Acorn to save.  It rounds up my dollars and cents and puts them away for later!

2)      Explore your down payment & mortgage options!

The amount of money you put down is going to affect your monthly mortgage payment and interest rate.  Make sure you shop rates and utilize a trusted resource. Ask your REALTOR for the best local mortgage professionals.

3)      Research your state and local assistance programs

Your county or municipality may also have first-time home buyer programs.

There are several down payment assistance programs currently available in Pima County.  Some programs provide up to $20,000.00 towards your down payment!

4)      Determine how much home you can afford

Before you start looking for your dream home, it’s important to know what’s actually within your price range. You want a monthly mortgage payment you’re going to feel comfortable paying, not one that will stress or strain your budget.

5)      Check your credit and pause any new activity

To keep your score from dipping after you apply for a mortgage, avoid opening any new credit accounts like a credit card or auto loan, until your home loan closes. Using formats like Credit Karma can help track your progress or inform you of any suspicious activity.


 

For more information contact us at 520-477-9530 or email Michelle Genardini directly at michelle@shawnpolston.com


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Keller Williams Southern Arizona
Shawn Polston


Sierra Vista Results Team -
4996 E Mediterranean Dr. Ste C
Sierra Vista, Az 85635;
phone number 520.477.7915



Dessert Vista Results Team -
434 Churea Ln,
Rio Rico Az 85648;
phone number 520.415.6373



The Polston Results Team -
1745 E River Road #245
Tucson, Az 85718;
phone number 520.477.9530

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