Summary of Buying Your First Home

The decision to buy a home is one of the biggest ones you will ever make. Before stepping into the housing market, it is important to figure out how much house you can afford and whether your FICO score qualifies you for a competitive mortgage rate. Savvy home buyers take some time to think about whether they should hire a realtor or handle the process themselves; both alternatives carry potential risks and rewards. The final step in transforming your dream into reality involves crafting a careful purchase and sale agreement and moving the deal through the closing.

There are few experiences that equal the thrill of taking possession of your new home. By carefully working your way through the process, you will increase the likelihood that actually living in your new house will meet your pre-purchase expectations.