What is the first step to buying a house for the first time?

 The first step to buying a house for the first time is to get your finances in order. Here are some specific steps you can take:


Check your credit report and score: Your credit score will have a big impact on the mortgage interest rate you'll be offered. Check your credit report for errors and take steps to improve your score if necessary.


Save for a down payment: Most lenders require a down payment of at least 3-5% of the home's purchase price, and a larger down payment can help you qualify for a better interest rate. Start saving as early as possible to build up your down payment.


Get pre-approved for a mortgage: Getting pre-approved for a mortgage can help you understand how much house you can afford and make your offer more attractive to sellers. You'll need to provide documentation such as your income, employment history, and credit score to the lender. (you can apply here and we'll help with everything)


Determine your budget: Use a mortgage affordability calculator to determine how much house you can afford based on your income, debts, and expenses. Be sure to factor in additional costs such as property taxes, insurance, and maintenance.


Start house hunting: Once you have your finances in order and have been pre-approved for a mortgage, you can start looking for homes that fit your budget and needs. Consider working with a real estate agent who can help you navigate the buying process and find the right property for you. Here is a really good local agent in Kalamazoo! 


Remember, buying a house is a complex process with many steps, so it's important to do your research and work with professionals such as a mortgage broker and real estate agent to ensure a smooth and successful transaction.

PRO TIP: there are some amazing and free first time home buyer classes that go into details (show you a bit about how the sausage is made). HERE is a favorite and also THIS one too! 

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