Tips for first-time homebuyers

When individuals feel like it’s time to buy their first home, there is a lot of excitement in combination with nerves about the whole process. Many of us are unsure of where to begin and exactly how much money we need to make sure we can pay for all expenses related to the purchase. Here are a few things that can help you get an idea of just how much you’ll need to buy a home.

  • When you’re searching online for homes, use a mortgage calculator that can help you determine what the payments you would have to make on that home each month would be if you purchased it. This can help you determine how much house you can afford.
  • Another important aspect of finding out how much house you can afford is to calculate the property taxes and homeowner’s insurance that you’ll have to pay each month. You may want to make a call to an insurance company to get an idea of how much it costs in that area.
  • Use a closing costs calculator to help you determine how much you’ll need for settlement fees, attorney’s fees, and other fees that are required when buying a home.
  • Do research on the best mortgage rates in your area and try to get pre-approved.

If you need legal assistance when buying a home, contact an experienced real estate attorney today.

The experienced attorneys at Mattleman, Weinroth & Miller, P.C., are well versed in handling a variety of cases within the state of New Jersey. Contact our firm for your free initial consultation and have any questions answered.