# @sarahmcnaughton512 on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CnP3TwJP-Wz
- **Gondola URL:** https://gondola.cc/posts/63319364-sarahmcnaughton512-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/8d3053aab0.jpg
- **Posted:** 2023-01-10T20:21:45.000+00:00
- **Account Owner:** Sarah McNaughton (McAllister) (@sarahmcnaughton512) — https://gondola.cc/sarahmcnaughton512

## Caption

Thinking about buying your first home? Call me📱

Tips to consider📝

1. Start saving early (think downpayment, closing costs, move-in expenses)

2. Decide how much you can afford (based on income, debt, down payment, credit score)

3. Check & strengthen your credit (this will determine whether you qualify for a mortgage and affect the interest rate lenders will offer. Higher score means lower interest rates).

4. Explore mortgage options (conventional, FHA, USDA & VA. When interest rates are increasing, you might consider an adjustable-rate mortgage, or ARM. ARM rates are often lower than fixed rates, enabling you to buy a more expensive home for the same monthly payment, but they can also increase (or decrease) over time).

5. Get a pre-approval letter (this is a lender's offer to loan you a certain amount under specific terms. Having a preapproval letter shows home sellers and real estate agents that you're a serious buyer and can give you an edge over home shoppers who haven’t taken this step yet.

6. Pick the right type of house and neighborhood (weigh the pros and cons of different types of homes, given your lifestyle and budget).

7. Stick to your budget (lenders may offer to loan you more than what is comfortably affordable. To avoid financial stress down the road, set a price range based on your budget, and then stick to it).

8. Pay for home inspections (this is a thorough assessment of the structure and mechanical systems so you can make an informed decision about buying the property.

9. Buy adequate home insurance (Buy enough home insurance to cover the cost of rebuilding the home if it's destroyed). 

10. WORK WITH ME (let me make your life easier) 

#austinhomes #atxhomes #sellingaustin #austinrealtor #atxrealtor #austinrealestate #atxrealestate #austinrealestateagent #atxrealestateagent #austinproperties #atxproperties #firsttimehomebuyer #realestate #realestateagent #realestateinvesting #austin #austintexas #atx #austintx

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## Tags

austinrealestateagent, austinproperties, atxhomes, realestate, austinrealestate, atxrealestate, austinhomes, austintx, sellingaustin, atxrealtor, austin, firsttimehomebuyer, austintexas, austinrealtor, atxrealestateagent, atx, realestateagent, atxproperties, realestateinvesting

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