You’ve crunched some numbers and decided home ownership is for you. That’s great. Before you start home shopping...let’s get you started the right way.
Before you fall in love with your dream home, it’s important to know exactly what you can afford. Finding a trusted advisor before you get too deep can save you a lot of headaches in the long run.
Review your Credit Score
Credit scores are crucial to the homebuying process. It not only has a heavy impact on your mortgage terms, but your FICO score determines if you can qualify for a loan.
Build a ‘Home Buying’ Strategy with Your Realtor
Now it’s the fun part. Your realtor has your back. It’s time to list all your ‘must-haves’ and find the home that’s right for you. Not just for now, but in the future.
Jessika Ondrick
Your Mortgage Advisor
My Mortgage Advisor partner…
Why would you make the biggest financial decision of your life without speaking to a professional first?
85%
% of Loans Funded
10k
Lifetime Loan Transactions
17y
Years serving the community
The benefits of owning
Owning your own home has some obvious benefits. You can paint the entire house pink if you’d like! Here are a few benefits that don’t require any pink paint and might set you up for a life of financial wellness.
Build equity
Over time, your home can develop equity, which can lead to a profit if you decide to sell or use it to pay for upgrades.
01
Buying vs Renting
Depending on your area, a mortgage payment can be the same as renting, but with the benefit that you can earn over time.
02
Tax deductions
Interest you pay down on your home is tax deductible, which can lead to a nice return when filing your tax returns.
03
Establish an empire
Again, home equity can be a powerful tool. Owning your home can help kickstart a strong real estate portfolio for some nice passive income.