1. Decide how much home you can afford. Generally, you can afford a home between two to three times your gross income.
2. Develop a wish list or Christmas list of things you'd like your home to have. Prioritize the items on your list.
3. Select a few neighborhoods that you would enjoy living in: Consider items such as schools, recreation facilities, area, distance from work, safety, etc
4. Determine if you have enough money saved to cover your down payment and closing costs. Also, talk to your agent (Caleb Wertz) about having the sellers pay for your closing cost. Closing costs, including taxes, and title fees average between 2 and 7 percent of the home price.
5. Get your credit in order. Obtain a copy of your credit report.
6. Determine how large a mortgage you can qualify for. Also, explore different loans options and decide what's best for you.
7. Organize all the documentation a lender will need to preapprove you for a loan.
8. Do research to determine if you qualify for any special mortgage or downpayment assistance program. If you are a first time home buyer in Utah, you may qualify for a special interest rate. Go to www.utahhousingcorp.org for more information.
9. Calculate the cost of homeownership, including property taxes, insurance, maintenance, and association fees, if applicable.
10. Give Caleb Wertz a call and he will help you through the process.
For other articles or to see homes for sale go to www.utahsonlinehomes.com
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