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Ready To Buy Your First Home?

Young couple walking into their new home

Has the time come? Are you thinking about buying your first house? Let us help you!

If you’re tired of paying incredibly high amounts of money for rent each month, or you’re just simply tired of dealing with other tenants, a house might be right for you! You may be asking yourself, “Where do I start?” Don’t worry; these tips can help you sort out your thoughts when it comes to renting vs. buying.

How’s Your Credit?

One of the main things a lender will be looking at is your credit score. This will help them determine how to set up your loan and whether or not you’re a good candidate to lend to. With a lower credit score, your rates may end up being a little higher than you’d like. That means you’ll end up paying more than if your credit is in the “Good” range. To save yourself some money in the long run, renting may be your best bet until you can build your credit score where you’d like it.

Houses Can Be Costly

One of the best benefits of renting is that most of the time you don’t have to worry about fixing broken appliances or figuring out why there’s mold on the ceiling. You just simply give your property management a call and they will send maintenance over to fix it free of charge. When you own a house you can do what you want; but when accidents come up, you have to deal with these problems on your own, which can be costly.

Why Buy?

Sometimes people buy a home because they’re looking to settle down and start a family, while others may look at it as an investment. Some may even be looking to rent out the property and make an income. You need to decide what is right for you.

We’re Here to Help!

Concerned about your credit history or income? Get in touch with us today to discuss your options. You can call, email, or stop in to a Royal office. Our Mortgage Team is ready and willing to walk you through any questions you may have. We’re here to help! How will your story unfold?

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