Strategies for First-Time Homebuyers | Guiding You Forward
Our guest today in the podcast lounge is the mortgage sales manager here at Mountain America Credit Union, Karl Loveless. In this episode of Guiding You Forward, we’re chatting about first-time homebuyers.
Tune in and you’ll learn:
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Strategies for first-time homebuyers.
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About credit and how to be better prepared in this seller’s market.
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The ins and outs of being prequalified versus preapproved.
As a first-time homebuyer, it can be easy to skip over some aspects of financial prep because you’re so focused on that dream of homeownership. It’s such an exciting time—searching for the perfect property, imagining the updates you’ll make and picturing a life well-lived.
But the work you do before saying “yes” to a property can make the difference between a sound financial decision and years of struggling to make your payment. Watch the video above for Karl’s best strategies for first-time homebuyers.
Karl also talks about credit and how to be more prepared. The biggest tip here is that the cost of buying and owning a home can be overwhelming—it’s okay to wait if you need to. Build up a good credit history, save more money or just take more time to find the right home—prioritize making the best financial decision for you.
Don’t forget to get prequalified or preapproved for a mortgage. But which one is better? Karl explains the difference and why you may want one over the other.
Join us for this episode in the podcast lounge. Remember, we’re happy to answer any questions you may have—we can’t wait to watch your dream become a reality!
