Friday, December 8, 2017

Habits to Make Dream of Lexington Homeownership a Reality

Healthy habits for Lexington homebuyers
Do you dream of buying a Lexington home in 2018? Are you ready to stop throwing your money away on rent and invest in your future? Home prices and mortgage rates are expected to increase in 2018, so the sooner you buy, the more you might save in the Lexington real estate market!

As your Lexington real estate agent, I am here to help guide you through the first-time buying process, and to answer any questions you may have. Even if you don’t plan to buy for another few months, there are habits you can start to implement now to better your chances at qualifying for a loan and a low interest rate! Here are the top three that just shared:

1.  Automate down payment savings. Saving enough money for a down payment is one of the hardest steps for first-time buyers, but the more you put down initially, the lower your monthly payments could be. Automate your checking account to save a certain amount of your paycheck each month into a down payment savings account. If you receive any monetary gifts, put them right in the account as well.

2.  Build your credit history. Keep your credit history clean by paying off or paying down past debts, paying all of your bills on time, and using no more than 30 percent of the credit available to you. Have bills automatically withdrawn to make paying on time easier.

3.  Practice living on a budget. Downsize your spending so you can save more for a down payment and pay off your debts. Don’t by new clothes, cars, vacations, etc. until after you buy your home. Make coffee and your meals at home instead of buying it out. Walk or bike instead of driving when possible.

There are all great tips on getting you on your way to saving the money you need for a home in the Lexington real estate market! Enjoy your holidays, and when ready to buy a Lexington home this year or next, contact me, your Lexington real estate agent. I am here for you!

Theresa D'Antuono

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