12 PROVEN TIPS FOR FIRST TIME HOME BUYERS IN UTAH

1. 12 PROVEN TIPS FOR FIRST TIME HOME BUYERS IN UTAH Buying your first home in Utah can be SO exciting. You get to look at all these different homes, embark on a new chapter in your life in a new space and invest in your own property! On the other hand, I know that it can also be an overwhelming experience! Thoughts like, ‘Where do I start?…Who do I ask for help?…Am I doing this right?…What if I make the wrong decision?’ Hey, I totally get it. Those thoughts? Totally normal. 100%.

2. This is because buying your first house is one of of the many important decisions you’ll need to make in your life. For instance, choosing the right first time homebuyer program in Utah can seem complicated and overwhelming but I promise you, it’s really not. I’m here to help you! So, let’s go ahead and unveil the process! I’m here to show you that if you follow the below 12 tips when buying your first house in Utah, you’ll be in GREAT shape! Let’s begin! 1. Start Saving for a Down payment Early Some first time home buyer programs in Utah require that you pay a specific percentage as the down payment. No matter how small this percentage may seem, I highly suggest you start saving for that down payment early! Don’t wait. Every little bit counts! Some people like to save money in different ways. Use the method that works best for you! If it’s traditional piggy bank, awesome! If it’s a matter of scheduling a time to transfer leftover change from your checkingaccount to your savings, that’s great too. There’s no right or wrong wayto save. It’s just a matter of getting started so you can build your down payment up! 2. Explore various home mortgage options before applying for one When I go shopping, I like to browse my options ––whether it’s shoes, a new laundry machine, or evena new car, I like knowing what’s out there. You should also shop around when it comes to your home loan or mortgage options. Why? Because you’ll get a chance to work with someone that’s just right for you. By comparison, you’ll land on the home loan option that is best for you! I always want to make sure my first time home buyers feel 1000% confident in every step we take towards buying their first home. Go ahead, check out the different pros and cons that come with various home loan programs and if you have any questions, I’m all ears! 3. Don't forget about the local assistance programs (great perks!) Apart from the state-level down payment assistance programs, there is also a number of different local assistance programs to choose from. For first time home buyers, these first-time home buyers programs feature different perks (yay!!) These include the down payment assistance, closing cost assistance, tax credit assistance, and the discounted interest rates. Therefore, these assistance programs feature a significant savings for the first time home buyer. 4. Determine how much you can afford Now that you have information on Utah housing first time homebuyer programs, it’s time to figure out how much home you can afford. This is a great exercise because you want to make sure you’re not stretching yourself too thin if the amount you finance for your home is too high. What amount can you safely afford to repay? What is your ideal monthly mortgage payment that makes you feel comfortable? Are you looking for a trusted mortgage lender? Check out The Staples Team at Sun American Mortgage and get a free quote from them.

3. 5. Check your credit score When you are applying for a mortgage loan, your credit score is one of the key components that are considered when finding out whether you qualify for the amount you want to borrow. Therefore, before you submit your application for the pre-approval, it’s recommended that you have a good idea of where your credit score is so you know what you’ll need to do to take the next step in financing a home. Also, if you have a lower credit score, don’t worry! Let me know and I can put you in touch with the right resources to help you build your credit score back up. 6. Don't apply for new credit cards and add more debt I know, I know. You’ve been eyeing that new credit card that offers TONS of miles! But I promise you, once the entire home financing process is done and done, you can do your thing and get that credit card or buy that new car that will go perfectly in your new driveway. The reason why I suggest putting off applying for new credit cards and pausing large purchases is because you want to keep your finances consistent while you are applying for a home loan mortgage. Therefore, I highly suggest you put off any large expenditures at this time to ensure your home loan process is as smooth as butter! 7. Don't forget to compare rates First time homebuyers in Utah get a rate quote from only one lender. This is not advisable even when you plan or are considering Utah FHA refinance. To save on your home mortgage, it is important that you compare the mortgage rates. If you are looking for a lender to get a rate from and not sure where to start, let me know! I’d be more than happy to point you in the right direction. 8. Get a pre-approval letter A pre-approval letter is a letter from your chosen home loan lender that showcases how much money you could potentially finance your new home with. Because it is the PRE-approval letter, it is still an estimated amount. What’s great about having this pre-approval letter PRIOR to searching for homes is that sellers could take you more seriously in your pursuit of buying your first home. It shows that you are ready to ROCK and know the amount you are able to finance. 9. Don't forget to hire an agent Get an agent to help you find your dream home! Look, there is nothing wrong with representing yourself as a first time buyer. I respect that! At the same time, I know how much value I have personally provided to my past clients, especially first time home buyers. I have been able to seamlessly guide them through negotiations and home inspection which tend to be the last thing on the mind of a first time home buyer in Utah. ?? View & Download Original Content Source @ https://mysalisburyhome.com/12-proven-tips-for-first-time-home-buyers-in- utah/