Like most people owning a home is one of the biggest decisions you’ll ever make. Mainly because it’s such a large financial purchase but because it will affect you for years of your life. So many questions come to mind… How do you know when is a good time to buy? How do you know how much you can afford? Do you have your finances in order?

Contacting a loan officer at Tidewater Mortgage Services, Inc. is the best place to start, even before you contact a realtor. Once you sit down and talk out your finances by crunching the numbers on what you can and cannot afford you’ll have a better understanding of what it is that you’re looking to buy.

Typically the loan officers go in-depth with your spending and debt ratio. If you have substantial debt it might be wise to pay that down and if you’re in good standing with your debt you want to make sure you’re smart about the next steps.

Watch your spending before and during the home search, make sure you’re not splurging on those hot ticket items and keep a paper trail of your spending. That doesn’t mean you must stick to a rigid budget but it does mean that you know what is coming in and what is going out on your dime.

Ask yourself the question, “Am I financially ready?” If you think you have questions or you’re ready to dive right into the dream of homeownership then let’s make that a reality, together. Call us at Tidewater Mortgage Services, Inc. to ensure you get your home this year!