Do’s and Don’ts for First-time Home Buyers in Royal Oak As a first-time home buyer, it’s easy to get overwhelmed with all the decisions you need to make. Following these “Do’s and Don’ts” could make the process a little easier. The DO’s: • Ask about programs that provide down payment assistance. • Ask about the different loan programs that are currently being offered. • Ask questions to ensure you understand the home inspection and mortgage loan process. • Determine how much home you can afford. • Find the right real estate agent or broker • Make sure your credit score meets the required minimum. • Purchase adequate homeowner’s insurance. • Research your lenders. Most importantly, find the perfect home. Remember, this will most likely be the largest purchase you make in your lifetime. The Don’ts: • Shop for an interest rate without checking out the Annual Percentage Rate or APR • Empty your entire savings • Shop for a home before getting pre-approved • Buy anything for your home (or otherwise) right before closing As a first-time home buyer, you may feel somewhat intimidated by the entire process. After all, this is a big deal. Finding the right real estate agent and lender to provide advice and guidance can make all the difference between a smooth and stressful home buying. https://maps.google.com/maps?cid=12393257419259215781 https://local.google.com/place?id=12393257419259215781&use=posts&lpsid=1108412457994670534