TIPS FOR THE FIRST TIME HOMEOWNER

Purchasing your first home is a very exciting time, but also a very stressful time. Here we offer some tips to take some of the stress out of situation.

1.  Know you entire budget. Often times you will be "pre-qualified" by a lender to pay a mortgage payment that is far more than you can really afford.

2. Look for all available firt time home-buyer tax credits and grants

3. Apply for a government backed loan

4. Consider the entire cost of your monthly payment.  You need to consider the cost of taxes and insurances on top of the cost of principal and interest for your new loan.

5. Look at foreclosed properties.  These properties often represent an exceptional value.

Call on the services of THE PREFERRED TITLE GROUP, INC. for all of your real estate needs. We will be happy to give you information relating to real estate professionals in your area who can help you with this most exciting purchase.