3 things every first-time home buyer should know
We can’t quite put our finger on it, but there is something special about the sound of keys on closing day. If you’re looking to purchase a home here are 3 things every first-time home buyer should know before making an offer.
1. Save your money
The more you save, the better. When you find the right home, you’ll want to make your very best offer. We’ve found that cash on hand gives negotiating power to home buyers who find themselves in bidding wars. So, never underestimate the power of the mighty dollar, look to Popular Relationship Savings Accounts to save money and earn more interest along the way.
2. Secure your finances
Some first-time home buyers make the mistake of looking for a home without securing financing. At this point, the seller can entertain offers from buyers with secured financing, so don’t take the risk, get pre-approved. The value of a pre-approval is considerable when you want an advantage over other buyers within the market. Pre-approval helps buyers like you shop with confidence. Put us to the Mortgage Loan1 Test. We make home loans easy and we’ll help you find the right mortgage for you.
3. Learn to love the process
Buying a home is exciting, but it can also be draining if you don’t have a knowledgeable real estate agent or banker on your side. We understand the home-buying process and want to help you navigate the path to your first home.
Do you have questions?
Find answers in the Frequently Asked Questions: Home Mortgage section or call 1-(877) 244-0172 to speak to a Popular Bank Home Lending Officer.