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2022 New Year Resolution – Become A Homeowner!

What an amazing goal, Go You!! Now that you’ve set your goal, it’s time to start taking the right steps in order to achieve it!

I know it can be overwhelming just thinking about everything that’s involved in home buying and where to start, so I’m going to share some must-know steps to help you start putting things into motion!

Improve your debt-to-income ratio (DTI)

Paying down debt and asking for a raise are two ways to improve your DTI, which will help improve your FICO score, lower the interest rate on your mortgage, increase the amount banks are willing to lend and increase the amount you’re able to save for a down payment.

Save for more than just your down payment

Cut expenses wherever possible so you can save for homeowner expenses other than your mortgage, like home upgrades, lawn services and landscaping, new furniture, and more.

Start shopping around for mortgage loans

Price-compare and try to negotiate lower rates and better terms. As a first-time homeowner, you may also be eligible for first-time home buyer programs, which can lower your down payment, closing costs, and other fees.

FInd an agent that’s familiar with the neighborhood you want to buy in

Having the right real estate agent on your side can make all the difference when buying a new home, especially if it’s your first time. Don’t underestimate this step!

If you have any questions or hesitations about the home buying process, reach out to me!

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Justin Hemker

Justin Hemker is a North Carolina licensed real estate broker whose real estate experience dates back to 2003 when he was first licensed in Michigan as a real estate salesperson. Almost two decades later, Justin has seen how the industry has changed from paper MLS books and print-marketing, to the digital-dominant marketing of today. Putting his Web Technologies background to work, Justin strives to bring the highest caliber of real estate service to Triangle-area home buyers and home sellers of every price point.

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