You may be in the market to purchase your first home. By now, perhaps you’ve sat down and thought about the positives of Louisville homeownership. You’re aware that a home means equity, a line of credit for expenses and home improvement, the tax credits available, and even the dignity that comes with owning your residence. You may be concerned about being able to make a monthly mortgage payment while dealing with the upkeep of a home and other life expenses. You don’t have to feel trapped in your residence; get your questions answered well ahead of time by reputable realtors, lenders and mortgage counselors. One of the best things you can do before you decide to buy a home is get your debt under control. The amount of debt in your name will have an effect on the amount of money you’ll be qualified for towards a mortgage. If you have a large amount of debt, the best advice is to work hard towards paying it down. Don’t think of it like you’re putting owning a home on hold; think of it as working towards the goal of buying one! You should be aware of your credit situation before you start the process of buying a home. Your bank can assist you with credit checking and, of course, this goes hand in hand with the pre-qualification process. Knowing what you can afford before you begin home shopping and sticking to what your cost limit is will help you live comfortably in the long run. Many renters worry about the term “house poor.” Preparation helps to avoid this being an issue. If you’re ready to take the plunge and get the house you’ve been waiting for, Louisville Properties is ready to help you get started. Call today at 502.744.9505.