Planswell - Things To Know Before You Buy Your First Home

Buying your first home is one of the most significant self achievements that one can measure and is a concrete step that helps you set a new beginning for your financial future. But before you make this big decision, Planswell, a certified financial advisor, is here to suggest some tips for first-time home buyers to enjoy a well researched and dwelled upon purchase that offers a good deal. 

Are you sure about a loan? 

The first and foremost thing to be sure of is that you are okay with taking a loan, as, after the loan, you will be repaying it for the next 15 to 30 years. Given this, if your answer is straight no or somewhere near a confusing yes, you may require to rethink your decision.


A good credit score 

It is wise to maintain a good credit history if you ever wish to buy a  house, as it is one of the most fundamental factors that is taken into consideration by the lenders. It is best not to opt for a new credit line. However, if you are someone struggling with moderate credit score troubles, you can look for a professional financial advisor such as Planswell to know alternate solutions to your credit score problems.


Go through your Mortgage pre Approval

Many individuals often skip this part, but it is important to note that Mortgage pre-approval helps you weigh on the mortgages that you can afford. This makes you explore your options rather than make abrupt decisions. 


These are the three vital fundamental steps that require good research before you decide to buy a home. If you want to know more suggestions, you can contact Planswell, a financial advisor that aims to embrace financial growth in everyone. 

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