On today's Tuesday Tips with Trenton let's talk about some financial fundamentals for first time home buyers. If you're thinking about making one of your goals this year to purchase a home, here are some things that you can do to set yourself up for success when the time comes, especially in the areas of your finances.
First of all, building your credit - that is always going to help you. It's going to make the process easier and possibly get you a lower interest rate. Tips on that is you can track your credit, you can pay your bills on time, and keeping your credit card balances low are some of the easiest ways to boost your score.
You want to automate savings for your house fund, things like your down payment or your closing costs, or maybe just some new furniture when you get moved in. You can set up a savings account and have money automatically sent to that each month. And it's kind of a set it and forget it type of program.
And finally get pre-approved that's having that conversation with a trusted lender. We can help connect you with somebody that can look through these things and help get you set up for success.
So, if you're getting there and you're ready to really make the next move, let's start building your team of professionals to make sure that you are set up and ready to go when the time is right for your first purchase.
