I want to buy my first house. Where do I start?

Contact Us

Deciding it is time to buy your first home is very exciting. In many situations, this new venture is also quite nervewracking. Buying a home is such a large investment that it is important to be prepared financially. There are a few steps that anyone beginning the home buying process should take before they jump into something they are not financially prepared for.

  1. Have a clear picture of your financial situation. Before you do anything, it is important to make an updated list of all monthly income and expenses. This will help you determine how much you can spend on the house each month.
  2. Find a house you think you could reasonably purchase and use a mortgage calculator to help you determine what the monthly mortgage payments might be for that house.
  3. After you figure out what the monthly mortgage payment might be, you may want to call an insurance agent in the area and ask about how much homeowner’s insurance would cost for the house. In addition, you should find out what you’d likely pay in property taxes for that area.
  4. Don’t forget about closing costs! There are annual surveys online where people in different areas report their closing costs so you can get an idea of what you might pay.
  5. Make sure the home wouldn’t cost you more than 28 percent of your total income on housing.
  6. Talk to realtors and a real estate attorney to help you find your first home.

The dedicated and compassionate attorneys at Vigilante Law Firm, P.C. would be happy to provide you with assistance in your case and help you recover the compensation you are entitled to. Contact us today to schedule a consultation so we can assess the specific circumstances surrounding your lawsuit.

Our Recent Blogs

Defenses for a DWI Charge in New Jersey

To learn more about the common defenses for a DWI charge in New Jersey, continue reading and give our skilled Gloucester County DWI lawyer. …

What Are the Consequences of an Out-of-State DWI in NJ?

In many instances, drivers are unaware of the DWI (driving while intoxicated) or DUI (driving under the influence) rules and regulations when it comes…

What Can Happen After Violating Probation in NJ?

The consequences of violating probation can be serious. If you were caught doing this, you will want to give our firm a call today…

Website built and managed by Accel Marketing Solutions, Inc