New Year New Home?

A Story by Julio & Jeannette Arias | Updated 01/7/2021 12:00pm


3 New Year’s Resolutions to Help You Buy A Home in 2021

Buying your first home is an excellent goal — and it may be more possible than you think! Here are 3 New Year’s resolutions to help you get closer to this milestone:

  1. Save for Your Down Payment

Save money and prepare a savings fund for your home purchase. There are different types of mortgage programs available for new or low-income buyers that may require a lower down payment.

Follow these practical ways to save more money for your new home:

  • Automate your savings.
  • Save any extra or unexpected income.
  • Cancel recurring subscriptions & memberships you don’t use.
  • Always ask about discounts.
  • Reduce energy costs & phone bill.
  • Pack lunch regularly.

 

  1. Get Your Finances in Order for the Mortgage Process

Check your credit score, and work to improve it if necessary:

  • Look at your credit report before your bank does.
  • Correct any errors as quickly as possible.
  • Pay down credit card balances.
  • Keep your credit utilization rate low.

Prepare any financial documents you may need when applying for a mortgage:

  • W2 statements (or 1099 income statements) for the last two years
  • Federal tax returns for the last two years
  • Bank statements for the last few months
  • Proof of investment income

 

  1. Call J&J!

909.654.SOLD

 

Follow these tips and you will be well on your way to be a homeowner in 2021!

 

Contact Us

J&J Arias of The Associates Realty Group
Real Estate Group
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J&J Arias of The Associates Realty Group

J&J Arias of The Associates Realty Group

The Associates Realty Group DRE#02090787

Our office is located at 155 N Riverview Drive Ste 123.
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