School teaches you a lot of things, such as what is the circumference of the sun, grammar, science, technology and so on and so forth, what school doesn’t teach you is how to buy your first house. The home buying experience is not smooth, there are several things one has to deal with. With the digital age, there is a lot of information on the internet, but so much information only confuses the brain. Here is a list of things you should keep in mind before buying your first house.

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A credit score is an important concept, nobody will teach you about it, but these are some significant numbers that you must get hold of. It is a score that your banks look into that indicates how likely you are to repay your debt. Most of the time, the score typically falls between a range from 300-850. The closer your score is to 850, the easier it will be for you to get your loan approved, which is essential for buying a new house.


The budget of your house is based on your finances as well as credit score; however, it is always sensible to speak with a lender before you move ahead with the purchase. Always go for a lender whom you can trust, if need be then sought for referrals as well as recommendations from your closed ones. Some lenders go ahead with collaboration first, with this process, you can work together to get a clear picture of the number, this will enable you to know what to expect.

Just be honest to your lender with your assets and debts, and you are good to go ahead.


You need to have a vision for everything, just because you are going to take the tour of the house tomorrow doesn’t mean that you only live for tomorrow. You will always have to plan one step ahead. You should be aware of the pros and cons to understand what your future may hold. Are you planning to get a baby? Where do you see yourself and your family 5 years from now? A right home is one that grows with you, so make sure that your plans are in line so that the house you buy is apt for you as well as your entire family.


A down payment is nothing but the money that you gove to secure your house loan. The amount is enormous and so is intimidating, but this money helps to put toward the overall cost of your new home.

Lenders suggest 20% down payment, which reduces your mortgage month-to-month. This helps you lay your hands on a better loan overall. However, if you are one those who don’t wish to put up much in front, then there are several other down payment options.

It is sensible to talk to the experts, especially the ones you connect with. Good lenders give you proper guidance to create a down payment program that works best for you.

Lastly, keep in mind the house you are trying to buy, The idea of renovating an old house may seem fun, but it is a lot of work and repair while purchasing a new home means that you won’t find any secret costs hiding within your walls, so trusting trained professionals pay off by saving you from the hassle and ensuring that your home will be exactly what you’re looking for, right off the bat. Plus, you get new home warranty benefits to protect you from any unwelcome surprises.

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