Congratulations! You are considering purchasing your first home! This is a giant step in making an investment in your future. There are many advantages to owning your own home and some preparation involved.

Advantages of Home Ownership

- Increase in personal savings as your principal and interest payments (monthly mortgage payments) are retained in the value of your home as equity.
    - You can deduct the interest you have paid on your home annually and deduct the annual property taxes against your income taxes.
    - If you maintain your home and take good care of it, chances are that it will increase in value over time and be the largest long term investment you will make.
    - As the equity in your home builds you can "save up" for a larger or more expensive home.
    - Home ownership gives you and your family a sense of control over your life and future.

Preparing for Home Ownership

- You will probably have to make a down payment ofat least 3.5% of the purchase price. You many need to take some time to save up some money for your down payment.
    - Your lender or bank will be checking your credit to qualify you for a loan. Check your own credit before hand and make sure there is not any incorrect information on your report. You may also need to work on your credit. If you have any bills that have gone to collections you will need to talk to your lender about this as unpaid bills will make it harder for you to get a loan.
    - With your lender determine what monthly payment you will be comfortable with.
    - And finally meet with a lender to make loan application. Once you are pre-qualified then you know what price range will work for you and your family.

Let's go find your new home!

Give me a call today! It would be a privilege to help you find and purchase your first home!



Carrie helped me buy my first home in 2006. At the time, I was living in Boulder eager to get back in the mountains. Carrie was a referral from friends living in Kremmling. She made the process easy and unintimidating. She was always available, methodical and professional. Not only is she an outstanding Realtor, she is a wonderful person dedicated to reaching the goals of each client and generous with her personal time making our small town great
— Michelle, a happy buyer