Back to Main Page: Frisco-TX-Homes.com

Home > Home Buying > Frisco TX First Time Home Buyers - Your First Steps to Homeownership

 

Frisco TX First Time Home Buyer Series - Your First Steps (Part 1)

 

Homeownership is on your horizon. You decided and prepared to go for it. This series of First Time Home Buying articles will help you walk through the home buying process  even before you decide to work with a Realtor®. This set of articles are intended to assist you in your real estate success whether or not you choose 3:16 team REALTY as your real estate partner.

Your first step is the most important: Evaluate how much financing you qualify for. Most buyers in America purchase their homes via financing. Hence it is important to know the maximum amount you qualify for. It does not necessarily mean you need to spend all you qualify for. Knowing itself may change the course of your home purchase.

A $150,000 first time buyer home in Frisco Texas is different from a $180,000, just as the same with a $200,000 first time home is different from a $250,000. The features may be different in terms of quality and of course, the land/ lot value itself may be different. So knowing how much you could qualify for sets your expectations as to what you could possibly ultimately purchase.

After knowing how much you can qualify for, it is time to check your credit report. It is known for many errors. Hence, correct it when you have time. You do not want to wait 30 days before you close on your house. Many home buyers are unaware about their credit situation. For better or for worse, knowing gives you the power to make necessary changes - whether it might be an error correction in your credit, or it may mean cleaning up your credit and buying 6 months later.

Check your free credit report at AnnualCreditReport.com - the only authorized source to receive your free annual credit report under the Federal Trade Commission once every 12 months. Be sure not to fall into a variety of traps that offer you "free" reports.

Knowing your credit score can make a huge difference in your mortgage. Excellent credit in today's mortgage is considered 740 points. Anything less than that, it would have some impact on your interest rates and/or terms.

 

Next, read more about the Difference Pre-Approval and Pre-Qualification and how one can put you in a better negotiation position.

 


Articles in the Frisco Texas First Time Home Buyer series:

 

** Read more about the Benefits to setting Property Watch alerts

 

Related Articles:

 

FEATURED LISTINGS
 

FRISCO Home, TX Real Estate Listing

Meadow Hill Estates Frisco TX Home for Sale
4 bedrooms, 3 baths, approx 3071 sq. ft.

$239,900

 

Frisco Home, TX Real Estate Listing

3 bedroom + Study home in Hillcrest Estates
3 bedrooms, 2 baths, approx 1925 sq. ft.

$179,900

 

Frisco Home, TX Real Estate Listing

Panther Creek Estates Home for Sale
3 bedrooms, 2 baths, approx 1894 sq. ft.

$178,900

 

Frisco Home, TX Real Estate Listing

Hardwood Floor, Granite + More
4 bedrooms, 2 baths, approx 2795 sq. ft.

$219,900

» More Listings

QUICK SEARCH
DAILY FIXED MORTGAGE RATES

*Rates subject to change without notice

FRISCO TX HOMES OF THE WEEK
REAL ESTATE MARKET REPORTS
Be an INFORMED CONSUMER
Join Social Media Conversations In
  Loreena Yeo on Facebook  Loreena Yeo on Twitter Loreena Yeo on Linked In  316teamrealty Flickr channel


Active Rain is the Top Real Estate Blogging Platform

Facebook Frisco TX City Guide    3:16 team REALTY Facebook Business Page

Loreena Yeo on Zillow

Loreena Yeo

 

About Loreena & 3:16 team REALTY






 



 

 

 

Loreena Yeo - Realtor(R) in Frisco TX | Broker
M.Sc, B.Sc
Direct (214) 783-2210
Fax (214) 231-9018
Email Me Here

>> Learn about Loreena

>> Learn about 3:16 team REALTY

>> Read More About What Satisfied Clients
Have to Say

>> Check out what our clients have to say on Zillow Review


 

3:16 team REALTY
is a proud Member
of Frisco TX Chamber of Commerce

   

 

Loreena Yeo is the broker of record of
3:16 team REALTY to practice real estate in Frisco & surrounding cities (State of Texas). Texas Real Estate Broker License Number #9001154.

CLIENT TESTIMONIALS

Read about what our satisfied clients have to say:

When she arrived for our appointment, we went through the normal preliminary procedures and all was fine. Then she surprised us. She had already done most of the work and only needed to take a few pictures of the inside and determine the price that we would be comfortable asking. She also spent a great deal of time explaining to us how the whole sales process work and what we could expect.

Eric & Tomoko Quere, Plano TX

 

Ultimately, Loreena introduced us to the house we bought--it was not one we found from our own hours of searching web listings--based on the the comments we had made while we visited these different homes. This is a testimony to her ability to listen well and to work proactively on our behalf.

Jenn & Glen Miller, Denton TX

We were completely impressed with Loreena. She helped us find and buy a home in Frisco. We have very high expectations from a realtor and she surpassed them. Knows her market extremely well, not just the technical market pricing data, but the nuances of all the neighborhoods as well. One of the most responsive and professional persons I've met in my entire business career.

Ruth & Jerry Meek, Frisco TX

I just want to thank you again for your help in selling our house. In this tough economy and market, I really didn't expect to get an offer. But you counseled me so well in pricing the house to sell and yet not letting me accept an offer that was too low. I believe we got the best deal we could have. I was so pleased and surprised with what we walked away with.

Sally & Phillip Barnard, Frisco TX

 


Email Loreena! Learn more about Loreena - the person behind the website Watch Welcome Video
Powered by LinkURealty - Real Estate Web Design & Websites