When you’re considering a home purchase, a Christian realtor can help you create a wise plan so you’ll be better off in the long run. Most people dream of home ownership and going into the search with the right expectations will set you up for success.
The Down Payment Won’t Wipe Out Your Savings Account
Have you been building up a savings account for the past couple of years? Don’t let a home purchase drain your savings account. Determine a minimum you want to keep in the account. If you can put down a hefty down payment and still have some savings left over, you’re in a good position.
Your Budgeting Includes Taxes And Upkeep
Remember home ownership costs more than the price of the home. When you calculate your budget, don’t forget to include taxes and maintenance. Your monthly income should be able to cover these costs so you don’t have to dip into your savings. A Christian realtor can help you determine the affordability of a home.
You’ve Been Pre-Approved For A Loan
That pre-approval letter will go a long way in determining if you’re ready to buy a home. Start the pre-approval process now so you’re prepared when you find a home on the market.
You Have Other Debt Under Control
These days, most people will be paying off a school loan while buying a home. It’s concerning if you’ve got a school loan, car loan, consumer debt, and are considering adding a mortgage to the list. Pay down other debt before buying a home. You’ll be happier in the long run.
You Have A Reliable Source Of Income
Whether you’re a business owner, self-employed, or work for a large company, you need to have steady, reliable work when you purchase a home. Buying a home doesn’t need to add to your stress when you have the financial piece in place. Even if your work situation changes, it’s better to be in an established position so you can more easily make transitions.
Top Piece Of Advice From A Christian Realtor
If you’re not sure whether it’s a good idea for you to purchase a home, talk to a financial advisor or trusted mentor. Choose someone you can trust with your financial information and tell them everything. Give them a complete picture of your financial situation and ask them for an outsider’s perspective. No one can guarantee your future but an outsider’s perspective is helpful for big financial decisions.
Give us a call if you’re looking for a Christian realtor in Colorado Springs. We’ll help you make a wise purchase when buying a home.