When you're a first-time homebuyer, the process can seem a little overwhelming. But with the right research, you'll be in a better position to make the most appropriate decisions for your finances and your lifestyle.
One place to start is by searching for homes that meet your specifications for size, location, amenities and anything else that's on your list. Keep in mind that rarely is a home 100% perfect and you will need to balance your needs versus wants accordingly. Of course, it's not as easy as searching for your ideal house and buying it. Your available budget will be determined by multiple factors. Your credit score will help determine the interest rate you will qualify for on your mortgage, and that rate will determine how much you're actually paying for your house over the term of your mortgage.
When you're ready for a mortgage in the Bay Area or throughout California, talk to Angelo about fixed rate or FHA loans that can be a great fit for first-time buyers.