2024 New Years Resolution – HOME OWNERSHIP

Your resolution for 2024 to prepare for homeownership is a fantastic goal, especially with declining interest rates.

Commencing savings for your future home is a commendable step. Have you estimated the amount you can allocate to your down payment? Options like 3.5% FHA or even 0% for qualified VA recipients can be advantageous. If avoiding mortgage insurance is a priority, aiming for a 20% down payment could be worth considering. There are down payment assistance programs available for qualified buyers that can be explored.

Maintaining a robust credit rating is crucial, given its direct impact on interest rates. Rectifying any necessary details in your credit history can significantly benefit your home buying journey. Furthermore, a stable work history tends to be a prerequisite for most lenders.

If you’re uncertain about where to begin or if you’ve been preapproved, there’s no need to fret. Let’s embark on this journey together! As you prepare for homeownership, I’m here as your guide to assist every step of the way.

Wishing you a Happy New Year 2024!