Tired of shoveling out rent for a home or apartment that isn't yours? Changing from renter to homeowner may be easier than you think, and we're here to help.
First of all, learn the financing basics. Get pre-approved and become a smart shopper.
When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options for turning your dreams of buying a home into a happy reality.
One of the most important steps in buying your first Farmington home is understanding the financing process that will help you pay for your first home. To learn more about this process, visit our Financing Page.
Credit or tax problems.
Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down-payment. If necessary, contact a financial advisor or tax resolution service.