By Tracey Henkels, February 16, 2023
Are you considering buying your first home? You need to live somewhere, so why not start investing in your future with home ownership?
Step 1:
Save money for your down payment. This can seem difficult or even impossible but it may be surprising that you need as little as 3% for your downpayment. Sure, 20% down is ideal but not necessary.
Step 2:
Make a connection with a local realtor who is referred to you by someone you trust. It’s never too early to connect with an agent, even if you are a year or more out from starting your home search. Many first time homebuyers don’t realize how many ways a skilled agent can not only guide you thru the entire purchasing process but can help you get prepared. Realtors are a valuable resource for buyers before, during and after your home purchase.
Step 3:
Talk to a highly recommended mortgage broker and apply for your pre-approval letter. If you aren’t quite ready, it’s OK! You can find out what you need to put in place to get your pre-approval letter in the future.
Tracey Henkels
Principal Broker | Earth Advantage | OR
She/Her
Tracey grew up rooted in the rhythms of her family’s Iowa apple orchard, where rising with the sun instilled a deep work ethic and a grounded, thoughtful approach to life...
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- T: 503-715-6140
- traceyhenkels@gmail.com
