First-Time Homeowner Tips

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Stephenville home ownersTake the following tips into consideration when deciding to purchase your first Stephenville area home.


Take a note of your credit

Unless you plan on paying for your home upfront, your credit score will likely make a huge difference in the type of loan you are able to obtain. To receive a free look at your credit, visit to see what a potential lender will be scrutinizing. If your credit is not where it needs to be, find out early on and begin working on fixing it.


Organize your assets and monthly expenses

When shopping for a home, it is important to take into consideration the amount of money you currently have and what you spend each month. As a first-time home buyer, it is always recommended that you calculate these things ahead of time.


Obtain the required documents

The documents most commonly required in order to be considered for a home mortgage loan are W-2’s, two of your most recent pay stubs, tax returns and two of your most recent bank statements. Making sure you have these documents on hand will ensure the process of shopping for a home loan will go much smoother.


Inspect your earnings beforehand

Though you will ultimately have to go to a mortgage lender in order to see what type of loan you qualify for, you can also begin the process yourself by taking into account your debts, income and anything else that needs to be taken into consideration.


Calculate your down payment

A down payment will always be required before purchasing a home, so figuring out what you can realistically afford is important.


Interested in more info on the homes and properties in the Stephenville area? Please contact us for more information. We’d love to show you around some great Stephenville homes.

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“Desiree Bridges went above and beyond to help us first time home buyers go through the, at times stressful, process. She constantly followed up on items and helped us stay on track, along with the bank and seller. Throughout the entire process she was professional, knowledgeable, and trustworthy. She took our complete lack of real estate knowledge in stride and answered every question. We never had to worry that something was slipping through the cracks on her end. And now we are satisfied home owners. Highly recommend and if I were gonna to buy another one I’d go with Miss Desiree again at Hayden Real Estate!!”