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Top Tips for First Time Corpus Christi Home Buyers

Mortgage rates are continuing to rise at record levels, the economy and job market is coming back to life, and All My Sons of Corpus Christi knows that now is as good as time as ever to start your quest to become a first-time home buyer. While the selection of resale homes in Corpus Christi is good, the selection is rapidly decreasing as home builders move quickly to enter the growing market to build and sell new homes. For many people who have been on the fence, debating if the time is right to become first time Corpus Christi home buyers, now is definitely the time for action.

Before you begin the quest for your first Corpus Christi home, the moving company in Corpus Christi believes that it is a good time to learn about the home buying process. You will need to educate yourself about what is involved when transitioning from renter to first time Corpus Christi home owner, including identifying the potential pitfalls you may encounter along the way.

One of the first places that All My Sons Moving & Storage of Corpus Christi suggests that you begin your research may be the most obvious – online. This is where there are a number of websites that offer advice and information for first time Corpus Christi home buyers. In addition to finding many helpful hints on the web, here are some of the most important things that first time Corpus Christi home buyers need to consider:

- Loan officers like to see first time home buyers who have paid rent for a couple of years, which demonstrates that they have the skills to create budgets and manage their bills.

Another positive sign that loan officials look for is that the applicants have been able to hold a job position for at least two years.

Many people get caught up in the home buying process and begin making other large purchases, such as appliances or expensive furniture. This could affect the amount that they will be able to borrow for purchasing a home.  It is better to postpone major purchases when you are thinking about buying a home for the first time.

For people who do not have enough money for a down payment on a house in Corpus Christi, there are many programs that exist at the state and federal level to help. First time home buyers should still save as much money as possible for home repairs and unexpected home-related expenses.

Although foreclosures and short sales are less expensive than regular sales, the moving company in Corpus Christi believes that they may not be the best option for people to buy their first home in Corpus Christi. The properties have usually been poorly maintained and need a lot of work.

While lenders don’t require it, home inspections are always a good idea. It is a common misconception that an appraiser also conducts an inspection which is not true.

The Corpus Christi moving company suggests that new home owners attend home owner education courses, many of which are offered for free online. Some loan programs require borrowers to complete on of these education courses.