If you've decided to buy a home, your next step should be to talk to a mortgage professional.
Buying a home for the first time is a huge financial decision, but what's the first step of the home buying process?
Many people in this position don't have a financial planner or a CPA to consult with about their finances. That's why, according to Brendan Donelson of Access National Mortgage, the best step you can take is to talk to a mortgage professional. They'll know how to forecast your income, develop a mortgage plan, and estimate your price range.
Many people base what they're willing to pay for their monthly mortgage on what they currently pay in rent, but that estimate can change depending on which price range you're shopping in. A mortgage professional will help you plan your budget so you can cover your down payment and your monthly mortgage payment.
If you have any more questions about this or any other real estate topic, don't hesitate to reach out to me. I'd love to help you.