Trevor Gilbert

Thinking of buying your first home this summer? Let us guide you through the process with these essential tips for first-time homebuyers:

1. Start with a budget: Determine how much you can comfortably afford and factor in expenses beyond the mortgage.

2. Get pre-approved: This step helps you understand your budget, streamlines the buying process, and shows sellers you're serious.

3. Research neighborhoods: Consider your lifestyle, amenities, schools, and commute when choosing the perfect location.

4. Understand the costs: Beyond the down payment, be prepared for closing costs, property taxes, and potential maintenance expenses.

5. Work with a trusted real estate agent: An experienced agent can navigate the market, negotiate on your behalf, and provide valuable insights.

Discount points are fees that you pay to your lender upfront, in exchange for a lower interest rate. By paying discount points you can lower your monthly mortgage payment because you are affectively paying a portion of your interest upfront. Discount points, like mortgage interest, are tax deductible in most cases if you itemize your deductions.

Trevor Gilbert
Mortgage Advisor NMLS: 2127357