We’ll Help You Find Your Dream Home

Looking for Staten Island real estate for sale? We’ve worked with countless first-time buyers to help them find their dream home.

Are you shopping for your very first home? Congratulations! We know this is an exciting time for you. We also recognize it can be one of the most stressful and overwhelming events a person can experience.

To help you, we’ve put together some tips for first-time home buyers: Save as Much as You Can for a Down Payment

While lenders are now making it possible for buyers to put down far less than the once-expected 20%, that isn’t necessarily a good thing for you down the road. Sure, only having to put down 3% seems like a Godsend, until you realize that it often leads to higher costs and having to pay for private mortgage insurance. Save, save, and save and borrow from family if necessary to get as big of a down payment as you can.

Check Your Credit Score

Your credit will be one of the key factors that will determine if you get a mortgage loan, at what rate, and possibly the loan terms. It’s important you check your credit in advance and dispute any errors you find that may be dragging your score down.

And speaking of credit, you must also postpone any big credit purchases like a new car, furniture, TV, etc. The more debt you have, the less likely a lender will see you as a qualified candidate. Similarly, do not open any new lines of credit.

Determine Your Budget

We’ve seen far too many first-time home buyers fall in love with a house only to realize they can’t afford it. Before you begin shopping for your dream home, make sure you know exactly how much house you can afford. You can start by using our mortgage calculator.

Don’t Forget Those Closing Costs

A lot of home buyers focus on saving for that down payment and forget they are also responsible for closing costs. Closing costs generally run between 2% and 5% of your loan amount. Your options here are to shop around and compare closing costs on things like homeowners insurance, title searches and inspections. You can also defray costs by asking the seller to pay for a portion of your closing costs.

More Help for Staten Island First-Time Buyers

Home ownership is a great way to build equity while at the same time save for your future. We love helping buyers, especially first-time buyers, make the soundest financial decision they can. That’s why we make ourselves available to answer any and every question you may have during the buying process.

The following reports offer invaluable information that will help you make a wise buying decision. And, if at any time you have any questions you need answered, feel free to give us a call or stop by our office.

  • Do You Need It?
  • The Right Home at the Right Price
  • Buying Your First Home
  • Avoid Common Buyer Errors