First Time Buyers: Budget
What is my budget or what is a budget? If you are not sure what the budget means to you as a first time home buyer that does not mean it’s not time to buy a house. It may mean you just need to talk with a family member or someone who is successful at managing their budget and let them teach you how to do it on your own so you can enjoy whatever you purchase in your life instead of living under a burden.
Just because someone has a lot of new things, boats, houses, etc it does not always mean they are the ones to talk to as they may be up to their eyes in debt. Some banks have financial advisors you can speak to as well to help you begin to set your own budget.
The next to step is to ask your realtor for a list of mortgage companies to consider. Also ask your parents, grandparents or, if you are comfortable, even your boss
Find out who they have there mortgage with and make an appointment to get pre-qualified for your new home loan.