Being a home owner is an incredibly gratifying feeling. Reaching this rewarding step in life can sometimes be a little overwhelming. For most people a home is the largest purchase they will ever make. However, in the long-term it will likely be one of their most rewarding financial investments. At Guidance, our goal is to provide you with the essential education that will help to prepare you for home ownership. To this end we have compiled some basic information on the overall home ownership process so that you can plan for what’s ahead. This journey consists of the following four steps:
If you have started thinking about home ownership, you should immediately begin thinking about your credit. The first step in this process is Understanding Your Credit.
It is always good to examine your finances before making any purchase. Establishing short term and long term purchasing goals will help set the right expectation for how much you can afford to spend.
Beyond the price of a home, there are a number of determining factors that you should consider when shopping for a home.
Congratulations on your newly acquired home! Now that you are a homeowner it is your responsibility to provide regular maintenance and repairs to keep your home in good working order.